| ??? 04/16/08 19:46 Read: times |
#153566 - I doubt I would like that ... Responding to: ???'s previous message |
Craig Steiner said:
Richard Erlacher said:
Its ideal for online financial transactions, because nobody gets your banking info other than PayPal, so you're safer, AND you get your money considerably faster than through the mail or even through credit cards. PayPal only makes sense if you're pretty much 100% sure as a vendor that you'll never receive a fraudulent payment. If you do receive a fraudulent payment then the PayPal nightmares begin where they can freeze your account while they investigate and, if you're lucky, it'll eventually get resolved. If not you're pretty much subject to their whims. The only way I'd ever use PayPal is if it wasn't linked to my bank account and every time I received a substantial amount of money, I'd immediately have them issue a *check* to me... not EFT because PayPal has been known to go out and grab any money they think they're entitled to from your account if they have your bank details. And if you count the time to get the money from the customer and into your PayPal account AND the amount of time to get a check from PayPal, it would've been faster to charge the customer's credit card. I prefer credit cards as a customer and as a vendor. If I get a fraudulent transaction, it gets charged back and that's pretty much the end of it (unless I have an absurd number of chargebacks). And if I, as a customer, give out my credit card and it's abused, no problem... charge back the disputed charge and get a new card. Regards, Craig Steiner Gee ... I've never had an experience like that ... and hope I never do. Of course, I seldom sell anything ... maybe a little sale of some old equipment I no longer need, and want to get out of the basement ... I have a separate checking account for use with PayPal and other online companies ... and I use the associated debit card only when I have to, which is very seldom. I prefer the PayPal debit card, which works somewhat like Discover, in that you get back a portion, admittedly a small one, of what you spend. About that EFT thing ... I've, never before, encountered a story about PayPal doing anything untoward via EFT. Now it's true that ACH payments really tell the recipient that he's cleared to take whatever he thinks he's entitled to take from your account ... that's why it takes so long ... but the echeck method that PayPal uses doesnt' seem to work that way. I've had more than one experience in which I received a payment through PayPal, only to spend the proceeds the same day and have the object purchased on my desk before the echeck would even have been processed. When I've bought something that led to an unresolvable dispute, I've always gotten my $$$ credited back, including freight charges, which is seldom the result when dealing with an errant online vendor through the credit card company, though resolution of those disputes usually has taken on the order of 6 months in my experience, and doesn't always work out as well as the PayPal transactions. Now, that's just my own experience ... YMMV, I guess. RE |
