Paypal Payments Not Safe -- Read Before Using

[franco46]

Unlike crdit cards that indemnify the user against theft or unscrupulous vendors, alternative Internet payment providers, such as Paypal and others, have no such safety net. Your payments through such organizations at strictly "at your own risk". You may want to continue to use your credit cards for online payment if you wish to have this kind of protection.

See news article at the following URL to see just how harzardous to your finacial health these online payment systems can be. Horror stories are documented.
http://www.msnbc.com/news/434192.asp

[CluelessSi]

hmm a bit OT...
but i guess it is alright...
Well my friends use paypal and they love it. i guess u have to trust the ppl u paying to then everything will be fine. I only wished they accepted Amex cards.

[sklim1]

You should treat this the same as sending someone a cashier check. If they don't deliver then you out of luck, bud. I like the service a lot because I get the money fast and hassle free. Luckily for me, the sellers that I dealt with were honest.

[renots]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by sklim1:
You should treat this the same as sending someone a cashier check. <HR></BLOCKQUOTE>

Exactly. If the deal is too good to be true, such as $11 Voodoo3's, don't be an idiot and send them a paypal payment and then whine when you don't get what you paid for.

Buyer Beware

:0)

[This message has been edited by renots (edited 07-24-2000).]

[jrolsen]

All of the scams from that article went through auctions on yahoo.com. A safer method (hopefully) is ebay, where purchases are insured up to $200. The ebay insurance should make paypal a safe method, although no one has ever tried to scam me.

[calng]

Since we are on the topic of Paypal. I have something to verify. Do you know that the only way to add funds now is by your bank account? I added my bank account because the $500.00 per month was very limited. Now, that I added my bank account I can not find a way to add funds via credit card anymore. It uses my bank account to add funds...

[freenet]

Paypal sucks!! Search for my thread "Arrested trying to get hot deal" in Off Topic! Three weeks now and over $2000 in our xcom and paypal accounts is frozen and WE CANNOT GET IT!!!

[Jeffbx]

Hmm. I've been very happy with Paypal.

[^Cesaro]

Calng, From reading on their website it looks like it will still pull the money from your credit card instead of from your bank account. I haven't had a chance to try it yet though. :/

[virtualbong]

I have used paypal on ebay for 4 transactions now and everything has gone through smoothly. I believe that you ahve to trust the ones you are dealing with. If the person is trustworthy then this payment plan is a great way to get payments done fast.

[Kenshin]

And let me add that PayPal is a great way to rack up those frequent flyer miles. I use PayPal to give my roommate my half of the rent and utils and rack up about 750 points a month. I'll have enough points for a flight to Hawaii in, um, a year or two?

[juicebox]

Hello!

The problem isn't with paypal. Most sellers like myself don't have the access to a rea;l Merchant Account to process CC payments. When you send a Paypal payment it is like wiring a payment. It has the same chance of fraud as a check or money order payment. I don't really think the guy selling his grandmothers china would take visa or MC if it wasn't for pay000pal.

One piece of advice. DO NOT leave any large sum of cash in any onlin0 account. Webcertificate, Paypal, ecount, Flooz (if it wasn't free). I read about a guy who had $2,000 frozen at x.com. It's your own fault buddy. Pretend these easy cash online services are like Vegas. Don't gring any more money there than you are willing to lose and you wil do fine.

thanks
Jerry