22 Sep
2005
22 Sep
'05
5:04 p.m.
On Thu, 22 Sep 2005 09:42:43
"Joe R." <rigdonj at cfl.rr.com> wrote:
At 07:01 PM 9/21/05 -0400, Glen wrote:
You can get a 'PayPal Visa Debit' card and yank the money right out at
an ATM. ATM fees and what-not apply of course. 'Tether' the PayPal
account to yourself only with a 'throwaway' checking account that you
keep a low balance in, to be certain.
My direct experience with PayPal has been (I no longer do any selling,
but was selling a LOT on eBay up to about a year ago) with my PayPal
Debit card, auction buyers would pay the price and shipping amount, and
I could use the PayPal debit card to pay the shipping, then pull the
cash out by the ATM method (or buy gas for the car with it).
But a lot of other people have 'bad stories' that they hear, have
experienced, etc. with PayPal. I just haven't suffered personally.
Joe, I knew you were going to put in your 2 cents
worth
on this subject sooner or later . . . ;-)
Yeah, you know what I think of PP!
> Months later E-bay pulled $800 from
> the seller's account for the transaction with no explaination.
Solution: don't keep funds in your PayPal
account.
As a seller, I do a few dozen PayPal transaction
each
month, mostly to buyers outside the USA. In fact, when
I get a large (over $200) order from my web site from
a first-time non-USA buyer who wants to use a credit card,
I will usually insist that they use PayPal instead (since I
have near-zero recourse if the buyer uses a hot credit
card).
At the end of the day, I transfer all of my
PayPal
receipts to my bank account, so PayPal can never
"seize" my funds.
First, having to transfer funds out of your account every night is a
PITA! Especially for someone that only uses PP occasionally. Second,
how do you stop them from taking the funds out of a future payment?
What are you going do if they do take the funds from a future payment,
refuse to ship the merchandise to that buyer? For me it's a lot easier
to refuse to take PP and insist on a money order, check or cash.
Joe