Small Article on Paypal Challenges
ga5150
Posts: 743 ✭✭✭
Don't know if this was posted, but thought I'd throw it out there in case anyone wanted to read.
Rodney
Clark Howard Article
Rodney
Clark Howard Article
0
Comments
None of the proposed scenarios in anyway touches on the E-Bay/Paypal RICO stranglehold they have on all funds generated by the Selling of YOUR Products, using their venue!!
Neil
It's got large shades of the Euro model, but it still seems to
lack the kind of OVERBOARD recourse that buyers get with
PayPal, GOOG, AMZN, and credit cards.
"Unauthorized Use" will likely be the only claim that consumers
can make. That works pretty well in Europe, because there is
some form of "mandatory refund" statute in much of Europe.
The clearXchange service will offer less opportunity for American
consumers to STEAL from merchants; thus, it will not be a hit
with retail buyers.
Obviously, clearXchange will not be quickly allowed on EBAY. Tho,
with WFC involved with cXc, there is a chance that EBAY's relationship
with WFC might get cXc in the door, eventually.
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Clark Howard is helpful to some folks who are totally unsophisticated
in financial matters, but his understanding of EBAY and PayPal issues is
about ZERO.
Time and again I hear him get it wrong. It's as tho he has never even
read the UAs at EBAY/PP.