Ebay Poll Part II: ***PayPal Poll***

[Treebeard]

and ROF u are a fag by the way. a goverment agent FAG.

Spoken like the 12 yr old you most likely are.

[Seeker47]

PayPal is totally unregulated by any governement.

It lacks even the minor regulatory oversite that credit card issuers and processors have.

There are terms in the PayPal user agreement which conflict with Mastercard and Visa rules and consumer protection rights under federal law.

It works great until your checking account is emptied and your checks start to bounce.

If you don;t use Ebay enough to justify an extra checking account to use with PayPal, don;t even consider it.

All very good points that you raise. If one must use them (as a buyer) their incessant insistence that you register a bank account with them deserves a loud response of G. F. Yourself !! I can't help but feel that is a doorway to disaster. They can probably gain much the same personal info on you from your application and your credit card #, but still, the potential damage is probably a lot less. Besides, they finally put in a big hike to your total payment limits, so there is no good reason to let them sink hooks into a bank account. At least with the credit card, you should still have some recourse on problems or disputes.

[Seeker47]

Seems to be a great service but it need a visa or mastercard to put money in account

You should have joined years ago...my CC on my Paypal account expired a long time ago. I guess the new user rules have changed a bit since then.

Yes, and I'm sure the changes weren't to the users' benefit !
O.K., but then you must have tied a bank account to this instead . . . otherwise, how do you make the payments ?

InXess wrote: "Money order, bidpay and similar form of cash-like payments are attractive to frauds. No way you can get your money back if you deal with a crook. This is the best way to kiss you money good bye. "

Not entirely correct: for larger purchases (the only situation where you would bother to use it) there is the option for escrow services, if the seller is agreeable. The actual payment can be via check, m.o., c.c., whatever., and there are guarantees involved. The main downside is the delays involved, and the escrow fee.

[Doramius]

PayPal is totally unregulated by any governement.

It lacks even the minor regulatory oversite that credit card issuers and processors have.

There are terms in the PayPal user agreement which conflict with Mastercard and Visa rules and consumer protection rights under federal law.

That's not true. Read the statements a little closer. Their credit cards follow all guidelines of Federal laws. They are not subject to bypass or discard them. PayPal IS NOT a financial institution. It follows guidlines very similar to BidPay. The difference is BidPay is a physical money order. The problem with a money order is that it is AS GOOD AS MONEY. You can't get it back. You might as well have handed a stranger CASH. PayPal does have a paper record trail and you can get your funds back. You have to push at it though.

It works great until your checking account is emptied and your checks start to bounce.

If you don;t use Ebay enough to justify an extra checking account to use with PayPal, don;t even consider it.

You can get plenty of bank accounts where they don't charge anything for it. If you're linking anything like paypal to a primary account, you're a very risky person.

If you use eBay less than 3-5 times a year, you probably are better off sending a money order. But if you are a seller and sell more than 3 items a year or you are a business or enterprise of some sort that receives payments via PayPal, then it'll be a very ill choice not to have PayPal as a method of payment.

[InXess]

InXess wrote: "Money order, bidpay and similar form of cash-like payments are attractive to frauds. No way you can get your money back if you deal with a crook. This is the best way to kiss you money good bye. "

Not entirely correct: for larger purchases (the only situation where you would bother to use it) there is the option for escrow services, if the seller is agreeable. The actual payment can be via check, m.o., c.c., whatever., and there are guarantees involved. The main downside is the delays involved, and the escrow fee.

Escrow is suitable for very limited and well thought over purchases and I bet no one here has ever used it. My 3 boats went through EBay without escrow - no issues. These were very large purchases, also size wise I'm talking from experience, you seem to have read EBay/Paypal rules only, big difference.

There's a guy in Calif. who bought Porsche Boxster for over 50 grand via escrow. Never seen the wheels nor money again. Turned out escrow service was in Russia... That was before EBay woke up and started offering their own...

[hech54]

Seems to be a great service but it need a visa or mastercard to put money in account

You should have joined years ago...my CC on my Paypal account expired a long time ago. I guess the new user rules have changed a bit since then.

Yes, and I'm sure the changes weren't to the users' benefit !
O.K., but then you must have tied a bank account to this instead . . . otherwise, how do you make the payments ?

I do have a bank account attached to my paypal account. It never has more than $100 in it(or less than $50 because it is a free account) and is completely unattached(even a different bank) from my main checking account.
It makes "buying on a whim" a bit more difficult....but I rarely do that. My largest Ebay/Paypal purchase has been around $40....including postage.
My main Ebay purchases are factory pressed music CD's....ones that re difficult to find...bordering on rare. I'm sure as hell not going to purchase major electronics items on Ebay....online retailers usually beat Ebayers on price and can be held accountable for errors much easier.

https://forum.videohelp.com/viewtopic.php?p=1505156#1505156

https://forum.videohelp.com/viewtopic.php?p=1502474#1502474

[MeDiCo_BrUjO]

If you really want to optimize the paypal experience, you have to have an extra bank account to use with Paypal (with very little money in it), so you will be sure no "funny stuff" will ever occur to your money. It's unpleasant to find that $1000 "dissapeared" from your main account and that Paypal has something to do with it.
If you want to buy instantly, you could have your paypal account with $50 in funds (if you can spare them) and $50 in the bank, so every purchase you do, you just top off the accounts (PP and Bank), so you will be able to buy and pay in seconds.

Paypal has a tempting offer, 1.5% cashback on all purchases made with the Paypal debit card, but the risk is too high to put money there and find later that your account was frozen by x or y reasons.

[Paul_G]

I buy quite a lot of items from Ebay (UK) and paying with paypal is nice,fast and convenient compared to the alternatives. I the buyer should not and will not jump through hoops to pay the seller.