paypal and buyer/seller protection plan

I'm not associated with paypal in any way but I'm a satisfied paypal user, I am surprised how many people in this forum are not using it. if you do any on-line buying or selling I rally suggest you guys look in to it (the ones that have not use it yet)

some of the advantages
* instant money transfer
* quick transactions
* money protection available warranty
* you will be more protected in case of a discrepancy

I have been buying some parts off this site and most of the members did not have paypal, it would have made the purchase/sale quicker

thanks

I too am sold on PayPal. It protects both parties. Ever have someone send you a check for a part and the check bounces - argh, most banks hit you the depositor for $25. It also protects the seller. I never received an item from an ebayer and emailed PayPal and they reversed the bill and credited my account. There is a limit of like $1k per month you can receive free -- and extra charges are incurred if you want to take credit or debit cards. Stay within the monthly limit and it is free to send and receive pau\yments. With PayPal payment you can send $ immediately and the seller can ship it the next day! Check it out at www.paypal.com.

The only problem I had withPaypal was that they wanted my bank acct. #s after I had used them several times. That was the end of our relationshipl
ed

Hey Ed,
I had the same concern about releasing my bank account info when I contemplated PayPal, but then I just did it. That was nearing three years ago and thus far not a single concern... I know there is always that possibility, but I don't think I'm being naive to continue in the electronic money transfer era.

I electronically pay both PayPal and eBay, SBC, both of my credit cards and my mortgage. Actually in retrospect, the prospect of fraud would be more embarrassing than anything else as there is seldom any money in the account!

As a side note, last year in reviewing one of my credit cards, online, I noted four purchases all the same amount. Odd. Closer scrutiny bore out that there were eleven transactions that were not mine.

The credit card's customer service department identified the nature of the purchases and the rep dug a little further and traced the routing of the purchases through England and China. Very sophisticated and had I not caught up with it, maybe it would have become some staggering amount, but as it was, the credit card issuer cleared me of responsibility right on the spot, the account was closed and the legitimate balance transferred to a new card, which I received with seventy-two hours.

End of the month, I read my electronic statements, pull a charred stick out of the fire and scribe the information on my cave's wall.

Paul
I know someone who went thru identity theft and it just made me a little paranoid about things like that. i mean why would Paypal need my bank account #s? jeez, I've got enough people from Africa trying to get me to send my #s to them.
I'm an easy going type , but really just refuse to give out those #s and my SSN. Have fought the Local Gas Co, DMV, hospitals, and anyone else who says they just have to have my SSN. Its against the law.
I've bought a ton of stuff over the internet and never had a problem.
ed

Ed,
I had an interesting one recently. Seems the new US customs forms require a SS or Federal ID number to import large goods. The ultimate consignee can only be identified by SS or Federal ID. I know a guy who builds murphy beds in Nova Scotia. Most of his customers are US based thanks to nafta. He says he losses sales now because people won't give up their SS, for good reason. But he can't get the beds accross the border without one. So much for nafta.
-=theron

I opened up a seperate checking account for the sole purpose of using it on the internet. I don't ever keep much money in it. I also have a credit card that is only used on the the net as well. I periodically call it in as stolen in order to get a new number. No problems yet.

Writing ecommerce software for a living, I would have to say that it is far better to trust an encrypted website than an order entry person over the phone. I would have to say the most risky thing is to hand your card to a waiter, where they go away and come back with a receipt. But, we all do it anyway. At least with a credit card, at most you are only liable for $50, hence the reason I don't use debit cards, they have no legal protection at all.
-=theron

Theron,

That's a good point not many people are aware of. A credit card company will cover fraudulent use of your credit card but if someone gets your debit card info you're on your own and they can take your money. We only use a debit card at the bank.

Theron
That's rich. The gummint says you can't be required to give an SSN as ID then the gummint says you have to give an SSN as ID.
Maybe they think there are some terrorists hidden in the murphy beds.
ed

There has been a PayPal scam going around the Internet that claims that your PayPal account is about to expire. Note: it never expires. A credit card is all they need. Report the emails if you get them to spoof@paypal.com It finally stopped coming to me. I was getting 9 a day to my company email address which is only a company not a person.

I think PayPal has been excellent.

As for the JerkO**'s in Africa that want my money why don't you do something constructive and plant some food..... DOH

The reason PayPal needs a bank account number and routing information numbers is that they debit that account to pay sellers on your behalf(or make the charge with a charge account) as well as deposit money into that account when you are the seller receiving money.

As stated earlier in this thread, it is a good idea to have a separate checking account and charge card with a relatively low limit dedicated to your internut activities.

Along these lines of eCommerce, I find it interesting that, as a person who uses AOL, I can not access BidPay (now Western Union) from my primary locale. I have to go to internet explorer and trade auction information back and forth.

AOL/PayPal/eBay are all in bed together and are trying to make it difficult to use other forms of ePayments! BidPay aka Western Union is a money order service that is also a payment vehicle for online purchasing. eBay even goes so far as to caution against the use of Western Union by name on some of their pages if I'm not mistaking...

That's not fair play.

I do all my banking on-line, only use credit cards for payments (reward travel) and rarely carry cash. I don't even know where a cheque book is anymore.

When you think about it, so much of our life is electronic now anyway...what's the problem with giving Paypal your bank number? If anyone wanted your data there's much easier ways of getting it. Actually, I think that Paypal's security is much better than the local diner where you sign your credit card slip and leave it at your table. That's all a thief would need.

A lot of this theft originates with gas bars, restaurants, etc. Staff looking to make some extra money...

For me Paypal is much safer.

Brian

yes, paypal has been excellent to me and I have been using it for years now