Federal Reserve Routing Numbers
Pltnov
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Posted on
Jul-31-2017
10:50 AM
What is Paypal doing as a corporation to protect sellers for those buyers that believe they have a secret account at the Federal Reserve? These people are using one of the 13 federal reserve routing numbers as their bank and using their social security number as their account number. Of course the item will be reversed once it has made its way through the ACH system, but by then the seller is out the $ and the item.
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Whac-A-Mole
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Aug-14-2017
06:49 PM
no idea what you are talking about?
This is Paypal forum,how did the seller get involved with the buyer bank routing number,all sending and receiving transaction go thru Paypal,seller would not know the source of fund,whether it is bank fund,paypal fund or credit/debot card.
Pltnov
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Aug-29-2017
03:09 PM
Individuals are going into their payment methods and changing the information from their own bank routing number and account number, to routing numbers belonging to the Federal Reserves, as well as other government agencies that the routing number can be found on the internet. These same individuals use their social security number as their account number along with government agency routing numbers to purchase items on eBay using PayPal. I stopped a transaction last week by reporting the buyer to both PayPal and EBay where she attempted to purchase a 4 ct. diamond tennis bracelet costing almost $5,000.00. That is just the tip of the iceberg. That particular posted a youtube video of her transaction under her real name. The video has since been removed. Others just make comments that they are using this method to make purchases or transfer $. There are bulletins on both the Federal Reserve Bank of NY and also the FBI site regarding this scam. (Secret Accounts). I encourage PayPal to delete all routing numbers associated with Federal Reserve Banks, Treasury Dept., Social Security, Bureau of Public Debt or any others linked to the government, from their data base of routing numbers. This scam was reported in USA Today as well as in The NY Times.

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