<VV> Paypal Rip-Off

[Bill Elliott]

Paypal is wonderful...it has revolutionized dealing with individuals and companies in other countries (ever try to buy Tatra parts?)...  but has some inherent 
dangers.

One of the most common complaints I hear is the inability of Paypal to get your money back in a bad transaction. IMO, this is not a valid 
complaint...because if you didn't have Paypal, how would you normally conduct the transaction? Money order, cashier's check, EFT... in any case ZERO 
chance of a refund.

The two biggest dangers I see on Paypal are security (I only enter Paypal info on the Paypal site) and the nasty ability for Paypal to take money back from 
you if they decide a refund is in order. (I control this by having a bank account they can trasnfer money into but not out of, maintaining a zero paypal 
balance, and using a credit card with "internet protection" limiting my risk to $50) 

My biggest problem is dealing with Paypal users who cannot accept credit card payments... a small inconvenience considering the other advantages.

Bill Elliott

>GE me put a PIN on the account preventing any changes without my written 
>permission.  I hide leave a 'throw away'  in each of my cars with a low 
>limit, so I can not get stuck with no gas $$$.

>At 07:57 PM 1/16/2005, you wrote:
>>I have a friend at work who has a VISA account with a low limit, ($300 or 
>>$500) that he uses for on-line transactions.  Figures he can't get wiped 
>>out due to fraud with the low limit.  He goes ballistic every other month 
>>when they send him a notice that because he's such a good customer, they 
>>raised his limit to a few thousand dollars.






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