Paypal

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richard thurman

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Nov 9, 2005
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Why is every one crying about PayPal all of the time?? The seller is demanding 4% increase if you use them. So what. Just don’t buy from them. PayPal protection sucks big time. I flat out refuse to use them and will not link them to my bank account. So you see problem solved. If that 4% extra bothers you that much then go find some one that is selling that product that does not have there price raise for using them. This is just my view about PayPal.
 
Paypal is very convenient, especially for transactions across the US/Canada border and the protection features have come in handy a couple of times, but you are rightb that it can suck. But you do pay for it. I would never link that, or anything else, to my bank account. Nobody is ( or should be) obliged to use it.
 
HJK said:
Paypal is very convenient, especially for transactions across the US/Canada border and the protection features have come in handy a couple of times, but you are rightb that it can suck. But you do pay for it. I would never link that, or anything else, to my bank account. Nobody is ( or should be) obliged to use it.
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now if it is not link to your bank account then how do you get money from it?? someone send me money how do I get it??
 
You can do it by linking it to your credit card only but there is a spending limit that way. 2000.00 IIRC. It is good protection from giving out your CC #.
 
I hate to say it, but i love paypal. Its a service and like any service they charge a fee, if you dont like that then dont use it. In my opinion it makes buying/selling on forums like these so much easier, faster, and safer.

I also sell on ebay so having a paypal account is a must. I have their debit card which gives me access to $500 per day at any atm. You can't get any more convenient than that.
 
I do not love or hate it. I do not like their policies on weapons. I did hear that they were changing some of that this year so they would no longer lock accounts because of it. I am sure that might be because of a law suite or two.
If you just have or CC linked and someone sends you cash the only way you can get it is by them sending you a check. I think you have to be a premier member with a confirmed address to get the debit card.
I will say that when someone got my PP debit card info last week and tried to hit it for 900.00 they were very easy to get in touch with and they cancelled the card and issued a new one on the spot.
 
I have used PP quite a bit and have had nothing but great experiences with them! I dont mind them getting their 3.5 % for the services they provide!
 
Maprik said:
What protection? There is no protection unless your transaction was through eBay.
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You're kidding right? The protection comes from Paypal opening an investigation on your behalf if something goes sideways on a transaction. It's not only through ebay. You pbviously take your life in your own hands when you send money "Gift".
 
richard thurman said:
if paypal hits your credit card and you dont agree with there choice cant you just tell the creid card company to stop payment to them??
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Maybe but I was thinking more about the security of paying someone without giving them your CC info. What I think happened to me last week was that I entered my PP debit card info into a site that had a security problem and someone stole my info. If I could have just used PP I would not have had to enter my CC #. My PP card was not linked to my bank account so with only having 6.00 in my pay pal account the charge was denied and I caught it quick because I have it set up that I get an email everytime I use it. I am really glad I did not use my bank debit card. After this deal I don't think I will ever use it online.
 
what about using those prepay credit cards?? the ones that you say put $100.00 down on so the cc has a limit of that amount. they cant get any more than that.
 
I like PP for its convenience.
Also, if you don't use the Gift option the buyer is protected, and it also gives some protection to the seller (if they make sure a signature is required, and is shipped to the buyers PP address). There is no protection for either side if Gift option is used.
At 2.9% + 30 cents per transaction its well worth it IMO. Not sure where you got the 4% from.

I have a separate banking account for PP. I've used it alot, and never had a problem(knock on wood).
 
u812 said:
You can do it by linking it to your credit card only but there is a spending limit that way. 2000.00 IIRC. It is good protection from giving out your CC #.
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No, there's no spending limit, other than the limit on the card itself. I did a $12000 transaction last year.



Maprik said:
What protection? There is no protection unless your transaction was through eBay.
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You still have some, as long as you didn't use the gift function.
 
Lone_Wolfe said:
No, there's no spending limit, other than the limit on the card itself. I did a $12000 transaction last year.





You still have some, as long as you didn't use the gift function.
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Not sure how my Dads was set up but they sent an email saying he reached his spending limit and that to lift the limit he would have to link his bank account to confirm his address. I did it for him and everything works fine now. They said something about it being to protect the CC holder. I guess they can't be for sure you own the card without confirming everything.
 
u812 said:
Not sure how my Dads was set up but they sent an email saying he reached his spending limit and that to lift the limit he would have to link his bank account to confirm his address. I did it for him and everything works fine now. They said something about it being to protect the CC holder. I guess they can't be for sure you own the card without confirming everything.
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That part makes sense. I had a spending limit years ago when I first joined, and had to do the same thing.
 
I certainly don't think that paypal is perfect, but is there any alternative financial intermediary that works as well to assist individuals buying & selling online?

A buyer charging 3.5% or 4% extra to cover the fee is really no different than the many brick & mortar merchants that offer a discount for paying cash or an additional charge for using credit card. If you figure in the time and expense it takes to get a money order and the additional wait time to receive your goods, a 4% fee seems like a bargain to me. My only issue regarding paypal fees is not with paypal itself but with sellers that want to you purchase goods from them and pay with the gift option in violation of paypal rules and leaving you with no buyer protections should the seller not live up to his/her word.

If you are a seller and don't' like not being to transfer your money immediately, just get a paypal debit card which can draw on your funds. That is a heck of a lot faster than waiting for a payment in the mail, then taking it to the bank and waiting for it to clear. If you are worried about paypal reversing charges and pulling funds from your linked bank account or credit card you can, 1. use a special bank account or card for paypal use only and/or 2. conduct business in a manner that mitigates this risk.

As far as the paypal protection goes, I find it more pro-seller than pro-buyer. With a paypal dispute when a seller sends the buyer something other than what was described, the buyer must return the item to the seller at the buyer's expense before paypal will reverse the charges. A good seller, of course, will take care of the issue before the buyer proceeds with a paypal dispute. With a bad seller, the buyer gets screwed over using paypal protection, just not as bad.
 
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