So, you like to use Paypal?

4thStooge

This guy provides the flip side of Paypal. If anyone deludes themselves into believing that it will improve with its acquisition by Ebay, then you haven't done business with Ebay.

No love lost for Paypal

braddick

Interesting article.
I've been using Paypal since day one and have never had a problem at all.

Russ

<< <i>I've been using Paypal since day one and have never had a problem at all. >>



Yep, and Jim Fixx dropped dead of a heart attack at 47.

Russ, NCNE

michael

i do not use pay pal in fact i have no idea what it is!! for me i always liked to do business with someone i liked and trusted and someone which had more knowledge than me so i could learn and also do business with on a more personal basis long term

currently i am like an old dynosaur in this new market and maybe if things keep going like i see them on here i may disappear all together!!

sincerely michael

braddick

Russ, good point, although I don't think I'd equate a heart attack with using Paypal quite so easily!
(Although looking at my PayPal credit card statement and realizing how much I've spent this month on coins certainly is inclined to induce one.)

byergo

A lot of people hate PayPal/EBAY/Microsoft/PCGS/etc... but the world would be a worse place without these great companies.

Some people just have to find something to hate, and a "winner" is an easy target.

dbldie55

The part about not letting you have your money is true, that is for sure. They will take it in, but not let you take it out if you are a new account.

Not sure any of the article is false. Most of it I have seen before.

Steve27

What people don't realize is that Jim Fixx's life-span was 10 years longer than his father.

RJB

I have used Paypal for almost 3 years and I must admit that I have never had any kind of problem with them. Maybe a minor glitch or two such as not sending me an email when a payment was made, but these have been few and far between. BOB

BBN

when they said they wanted my checking acct # for future transactions I quit using them. No thanks.

Russ

<< <i>but the world would be a worse place without these great companies. >>



Paypal a great company? Excuse me while I choke. They are a financial freight train in search of a wreck. A paradigm of the dot.bomb. If eBay hadn't bailed them out, you soon would have logged in to your account and found nothing but a 404.

Russ, NCNE

stockwiz

paypal will not use my checking account to verify the account, and my idiotic spending limit has been reached, so I will no longer accept it... now I use the C2it service, instead. It's free to pay for auctions via credit card.

Wolfbass

I can only speak for myself--I have used paypal both as a buyer and a seller for several years without a single problem. I pay for items purchased with bank account withdrawals through paypal, and will only bid on items where it is accepted. As a seller I absolutely prefer to be paid by paypal as it is much more convienient and I can ship the item out right away after payment.
Two suggestions:
1. If you are nervous about using paypal, use it but don't keep a balance (immediately transfer out any payment you receive)
2. If you REALLY don't like paypal how about this idea--Don't use it!

Whitewashqtr

I love Paypal. Never had a problem and the seller ships right away!! What will happen with the eBay integration, I must admit, probably will be their downfall.

BigD5

I've never had a problem with paypal, for as long as I've been using Ebay. Can't remember that far back, as too how long exactly it's been. Not one problem, buying or selling.....ever.

I gave them my checking account, credit card, everything. No big deal in this day and age.

You can say anything you want about paypal, the company, but the "service" they offer is tremendously valuable to any "smallguy/girl" selling online.

Ever try to negotiate with Mastercard/Visa if you want to sell a couple of things on the side? Yeah, right.

Dog97

The link 4thStooge posted is about tracking numbers if you use UPS, not the Post Office. PayPal has links on their site where you can ship UPS and charge it to your PayPal account. Apparently PayPal feels that if they are going to insure these packages the sellers need tracking numbers.
I have never had a problem with PayPal and I like it because it lets me pay for and get paid for my auctions a lot easier.
I've heard all these PayPal horror stories and even though I don't know if they are true or not I don't have PayPal linked to my business or household checking account or my credit card with a $40,000 limit. That's really stupid to give someone else access to such sensitive information.
However to play their game I registered a personal checking account woth a low balance and a cc with a very low limit in case I do get a fraudalent chargeback or get hacked my life & business won't be turned upside down & ruined and I won't lose any more money than I chose to let them steal.

hookooekoo

I have never had a problem with PayPal either... but I've also limited my exposure to PayPal.

1. The ONLY credit card PayPal has access to is a low-maximum card that I got sticktly for making internet purchases.
2. The bank account they have access to only holds about $200.
3. I don't do large transactions thru PayPal (i.e. the only money that goes thru PayPal is money I can afford to lose).

supercoin

And I thought I was alone in my paranoia. I never had a problem, but I do the same thing with a low-balance savings account opened just for this purpose, and transfer money out of Paypal to my savings whenever it gets near $1000 or so. Then I electronically transfer out of my savings account to my business checking account.

I don't have a special credit card to use with them, but you've got maximum $50 loss on credit card fraud anyway (albeit with some hassle).

I think a lot of people do a similar thing, which hurts their original business idea of being able to make money on all the "float" sitting around in Paypal accounts.

Beatlemen

I only bid on auctions with paypal. First I can use a credit card just in case the seller gives me trouble and if I choose I can have the money come out of my checking account. Never had a problem with Paypal. Paypal is okay by me

Rob0126

I use paypal because it's convenient and as a buyer and seller, it speeds things up a lot. I see your point supercoin, in that you need to keep the limits on, when giving them credit card #'s and accounts. The account limit idea is great, I wouldn't have thought about that one.

I do not like the idea of having to give them an account to lift the $2000 transfers limit. I think thats ridiculous. Other than that pitfall, I think when I get my life together, Ill have 2 accounts.
- 1 for ebay, and online purchases
- 1 for personal transactions

Thanks for the account idea, now all I need is money to put in it.

Robert

psxchelly

First of all NOTHING on that site is NEW. It is all common knowledge. nothing is ever 100%

As for Paypal, being hacked or people getting your password etc etc as listed on that site... all i have to say is that IF YOU ARE THAT STUPID to go to a site that doesnt list " HTTPS:// " then that person DESERVES whatever happens to him/her.

I get email from paypal about one a week telling me to watch out for fraud, and that paypal NEVER asks for a password via email.

a lot of the problems that occur are from pure stupidity on the users part. Any time money is involved, you always should be careful.

Paypal is easy, open 24hrs a day, and give awesome percentage rates on their credit cards, and has awesome customer service... Name any bank that has all that. People just get disgruntled and feel the need to discredit anyone or anything.

BigD5

I should have added that the checking account with paypal is not my MAIN checking account for my household bills, or business stuff. As for the credit card, the user isn't liable for misuse, so it doesn't matter.

1956Quarter

Sounds like a Democratic bashing Republican site. More morons with no life with nothing better to do than make nothing out of nothing, and hoping it comes out as something. Personally I hate rhetoric and unsubstantiated garbage like that.

fletch2645

I was one of the original subscribers to Paypal and have never had a problem. As a matter of fact, my son got a job with them when he graduated from college and is still there, so I have a little "insider" information from time to time. The acquisition, by the way, made him a great deal of money as he had some stock options that he will be able to convert when the deal is done. Contrary to some belief's posted on this thread, Paypal was not bailed out by Ebay. Paypal was very profitable in its own right==which made it a target acquisition by Ebay. It is also a known fact that Paypal tromped Ebay's payment service Bill Point. Ebay's attitude became "if you can't beat 'em, join 'em" which, in this case, ment acquire them.

DanC

Never problem one... nada. Over 3 years now.

I find it difficult to believe these people could be such demons.

Could it be that we "doth protest too much?"

DHeath

Paypal is a class act, and I would recommend them to anyone. My only legitimate complaint is that they are expensive for the seller, but that is the price of convienence. I use and accept them in every auction I run.

dbldie55

PayPal held around $7,000 of ours hostage for over two weeks. They would not release the money until one item (worth less than $1,000) was delivered. Even after the buyer received the item, it took a while for them to release "our" money. Other than that we have had no problems, but it is hard to do business when your money is in someone elses account.

For all of you with no problems (hope it stays that way). Wait until you do have one. It takes a miracle for them to do anything for you. It takes more than a miracle to actually have any customer service. They are a class act when it works, and a classless act when it comes time to serve their customers issues (usually caused by them). This is not a complaining line like others consider that web page, but an actual incident with them. If having $7,000 of your money in a place you cannot use to pay the bills or operate your business is no problem for you, then you have nothing to fear. It wasn't a matter of taking the money out either, they would not let you.

Alltec

I've been a buyer and seller with Paypal for quite awhile with not one problem. It's a great tool that does not require a lot of effort. It makes online transactions easy and painless. Sure there are other methods of transacting business, but Paypal has certainly made it effortless for the small guy. I honestly do not understand what all the uproar is about. It seems that some people just enjoy bit***** about anything.

Rob0126

fletch2645:

Ask him why that $2000 limit is their. It's a little annoying that you HAVE to have an account, for them to lift the limit. I would rather do a verification of some type for it to lift. Especially since I don't have a bank account.

Robert

Russ

<< <i>Paypal was very profitable in its own right >>



Then I guess their SEC filings are all bogus? They bled over $100 million last year and have NEVER shown a profit.

Russ, NCNE

BC

I have no complaints about pay-pal . I am looking for information about the "Bearded Lady " capped Bust half dollar of 1807 . Could you direct me to some one who may have an answer . I know this ain't kosher on this subject , but i"m new on this forum . H-E-L-P

FlyTooHigh

Hi BC, welcome aboard. It's late at night and not the best time to ask tough questions. I have no info to add, but maybe someone will soon. Bring your post to the top (ttt) tomorrow and hang on for the responses!

Tony

BC

OK tony , Thanks . I'll just keep checking .
bc

tristarz

As a buyer, I prefer to use Paypal. The entire payment process is done from my computer, no stamps, no envelopes, no trips to the bank for cashiers check, no fees.

However, when their computer failed to confirm an address on a credit card, I have yet to get the address confirmed. Customer service prefers to blame the computer.

Dave99B

No problems either, 2 plus years.

I see the eBay-PayPal merger as a match made in Heaven. It's a no-brainer. And PayPal will be even easier to use via eBay. I just wish the fees were a little lower.

Dave

tompkins

<< <i>I see the eBay-PayPal merger as a match made in Heaven >>


"made in heaven" --- for whom? For eBay and Paypal, maybe; but probably not for Paypal users. Why do I use Paypal rather than BillPoint? Primarily its flexibility. I can use it for anything: not just eBay purchases. I sometimes do transactions with eBay members, outside of eBay---some of these are strictly according to eBays rules; while some probably skirt their rules. My concern about the acquisition is that eBay might try to restructure Paypal to help enforce what they view as their rules, making Paypal less useful to me, as a consumer and general user of the service.

As a member of the banking sector, I also have concerns of Paypal operating in a totally unregulated envrionment--there is no deposit protection and no capital reserve requirements. I know Citibank had some problems competing directly when they created C2It because of regulatory concerns that Paypal (and, now, eBay) can ignore. I won't make a statement one way or another as to whether the regulations are reasonable----but if you're in the same business you should be subject to the same regulations---and those regulations make it a certainty that no one will ever lose money in a C2It account (up to $100K).

Pete

coinfinder

I have used a Paypal for quite sometime being both a buyer and a seller and have NEVER had a problem with it. It is always fast and relieable, so as far as I am concerned, Paypal is okay in my book.

ANACONDA

I gotta tell ya...until tonight's reading material (emails from Paypal, posts found here on the board), i thought PayPal knew what they were doing.

relayer

PayPal is great.

Unless they decide to freeze your account, and hold your funds for as long as they want.

Twowood

If a seller doesn't use Paypal, I don't buy from him.I'm tired of handing my CC No. out to strangers. Also, when I deal thru Paypal, I've got leverage with the seller.
Have had no problems with them yet ( but my fingers are crossed ).Twowood

Rotts

PayPal is great

flaminio

Old thread.

PayPal is just about the only way I'll buy stuff on eBay these days. It's just too convienent, and all other methods are a PITA in comparison. Sure, if there's some super-rare thing that I gotta have, I'll jump through whatever hoops the seller puts up. But if it's a relatively common item, and the seller doesn't take PayPal (including credit card funded PayPal), I won't be bidding. Too bad seller: you cost yourself a bidder.

dragon

Thanks for that info stooge, I was considering signing up with Paypal, but I don't think I will now.

Fletch, Care to respond to Russ' facts regarding Paypals SEC filings regarding their profitability????????


dragon