<VV> PayPal & bank accts.--NO CORVAIR

[Robert Hill]

I for one avoid Paypal - the primary reason is that my bank says they will not allow a Paypal inquiry of any type to be made against any of their accoutns due to all the problem they have had int he past with Paypal. Gave me enough rationale to not use them.  I personally would enver give Paypal or anyone else "unlimited" access to my bank accounts.  I do use auto pay with many things but it is a fixed amount that I determine and so far no porblems but no one is going to get access to my accounts like Paypal is requesting.

Bob
> 
> From: Wrsssatty at aol.com
> Date: 2005/09/23 Fri AM 10:35:54 EDT
> To: virtualvairs at corvair.org
> Subject: <VV> PayPal & bank accts.--NO CORVAIR
> 
> I know a lot of you folks do eBay so I thought I'd seek your thoughts/advice 
> on this.  PayPal now requires the submission of bank account information for 
> users to become "verified" and have even set an arbitrary dollar amount limit 
> before becoming verified is mandatory.  In other words, with only the credit 
> card information that one originally submitted to them, they will now only allow 
> a lifetime dollar amount limit they will allow you to spend before you have 
> to become "verified" by submitting the bank account information.  I find using 
> PayPal convenient, especially when dealing with foreign currencies but I am 
> extremely hesitant to give bank account information.  I feel the credit card 
> access, which they already have, should be sufficient and that using the credit 
> card gives me, as a consumer, greater protection against fraud and greater 
> leverage in seeking arbitration of disputes.  Do any of you have any thoughts on 
> giving PayPal bank account information?  Private replies O.K.  BTW, I'm 
> seriously considering filing a complaint with the New Jersey Div. of Consumer Affairs 
> regarding PayPal's practice.  Don't know if it would do any good but what 
> have I got to lose by trying?
> 
> Thanks!
> 
> Bill Stanley
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