[Spridgets] Pay pal
derf
derf247 at gmail.com
Thu Feb 5 17:06:51 MST 2009
> They have whatever access you give them. I use auto bill pay for one of my
> cards so they not only have my account number but permission to withdraw my
> monthly payment. Whats the diff between that and PayPal?
> --
Correct. But what most people don't realize is that you give PayPal
permission to seize and/or hold funds.
In your case, you are paying. Most problems with PayPal stem from
when you get paid and then have your payment disputed.
For example:
You sell a widget for $500. You get paid via PayPal. You send the
widget insured with delivery confirmation. It arrives. The buyer
files a dispute. PayPal grabs and holds $500. Your word against his.
Meanwhile, PayPal holds your $500. Buyer gets his $500 back, keeps
your widget, and opens a new PayPal account to rip someone else off.
More information about the Spridgets
mailing list