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Thread: pay pal ???

  1. #1
    Join Date
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    Question pay pal ???

    OK I have never used pay pal what is it?

    I really don't like using a card for purchasing over the internet. Do the banks have some type of single use card that you can get or one that you can put just enough money in for the items you need?

    Chuck

  2. #2
    Join Date
    Oct 2006
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    There are people that hate PayPal but whats new? PayPal is basically an online bank. You can go to their web page, log in and access your account. You can have people pay you, you send money to other peoples PayPal account. Pay businesses that accept PayPal, (more ever day do), you can transfer money from and to your regualr checking account. Just a checking account with electronic access only.

    I use it as a means of accepting Credit Cards in my business. People go to my web site and they click the Pay Button and they can pay me by Credit Card via PayPal. Of course they charge me a pretty good fee for each transaction. Because or my low volume it was by far cheaper than a true mercants account for me.

    There are horror stories out there, as with anything. But my service has been excellent with PayPal. I use it all the time. In my business I just don't keep a lot of money in there. Once I get paid by a client I transfer the money to my checking account. That takes 2-4 days.That way if anything does happen my funds are not tied up.

    I had my first problem with them this week. I had transferred $800 to my checking and for some reason it never went through. I didn't notice till I got another payment and went to move that to my checking account. But I should have followed up on it. Other than that, no issues, I am a happy coustomer.

    EDIT
    Just wanted to ad something. I personally think your CC is best way to buy online. Assuming you pay it off that is. There is more fraud protection on there than with cash. My neighbor got her statement and found a $4000 +/- charge on her card she didn't make. It created some fear but a couple of phone calls and it was taken care of. CC companies want your interest every month and are willing to work with you when you have fraud. They are VERY experienced at dealing with it.

    If a merchant cheats you, you do have some recourse through the card company too. I just bought a new TV online and I paid by card even though I had cash. If I had a problem that gave me options.
    Last edited by Jeff Horton; 04-18-2008 at 01:07 PM.
    God grant me the senility to forget the people I never liked anyway,
    the good fortune to run into the ones I do,
    and the eyesight to tell the difference.


    Kudzu Craft Lightweight Skin on frame Kayaks.
    Custom built boats and Kits

  3. #3
    rob durfos Guest

    pay no-pal

    last month our mail was stolen and the thieves used pay pal to break into our business account. I immediately called pay pal, explained the situation , was told yes we see this happening in real time right now, and they refused to help me stop it or give me any information on the thief, without a court order.pay pal was a partner in this crime and steadfastly willing to be this partner.

  4. #4
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    Many people find them convenient. Being in the data security biz, their name comes up all too often for me. I have used credit cards online for many. many years and have never been burned. Just use common sense about who you are giving your numbers to and their reputation for secure transactions. If there is something you want and the only way to get it doesn't feel safe online, send them a check in the mail.

    P.s. I know Robert is just poking fun with "Your only really at risk if you run windows " because I joke about it too. We clean up Solaris, Linux and Unix machines frequently at work. Windows is far worse but other OS's are not inherently "safe", just less exposed and less targeted ;-)
    Last edited by glenn bradley; 04-19-2008 at 03:38 PM.
    Any sufficiently advanced technology is indistinguishable from magic.
    - Arthur C. Clarke

  5. #5
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    To follow up on what Jeff posted, if someone steals (or finds, if you lost it) your credit card and uses it, your liability is limited - by law - to $50, providing you report the loss as soon as you discover it. And if your card number is stolen, but not the actual card, you have no liability. See here, and check the "Fair Credit Billing Act".

    I haven't checked on debit cards recently but last time I checked, they did not have the same protections so you're much better off using a credit card than a debit card.

    Mike
    Ancora imparo
    Go into the world and do well. But more importantly, go into the world and do good.

  6. #6
    Join Date
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    I'm not a fan of paypal, but, I do use it when that is the only choice avail.

    I have it tied to a seperate account that I keep very little money in, one which I also have a debit card on... if I need to make an online purchase, I just transfer money from my day to day account into the "special" account to cover...I'll never lose much if any money on this basis...and it is a free account with no min balance.

  7. #7
    Join Date
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    I had a problem with Pay Pal deciding they wanted to only link through a bank account, and didn't want to use my credit card any more. I refused, went through hoops with them trying to get it straightened out, tried closing and opening a new account with them, nothing. Said they could only make it work with bank account access. So I will not use them, which means I won't be able to buy from someone that only accepts payment from PayPal, unless for some reason I decide to sell stuff on Ebay, which I don't see happening. I just don't make enough purchases to do the separate account thing at this point. Jim.
    Coolmeadow Setters...
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    When Irish Eyes are smiling, they're usually up to something!!
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  8. #8
    Join Date
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    Quote Originally Posted by Jeff Horton View Post
    There are people that hate PayPal ..........
    See what I mean?
    God grant me the senility to forget the people I never liked anyway,
    the good fortune to run into the ones I do,
    and the eyesight to tell the difference.


    Kudzu Craft Lightweight Skin on frame Kayaks.
    Custom built boats and Kits

  9. #9
    Join Date
    May 2007
    Location
    Rhode Island
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    Thanks for all the info guys. I think I'll see if my local bank has those single use CC's that you can use for the internet.

    Chuck

  10. #10
    Join Date
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    I've heard to many horror stories about EBay,Paypal & using credit cards & doing business on line as well as on line banking nope don't do any of it.

    I don't put anything on a computer that can be stolen even it you were to take the whole computer. Everything with a name or address or CC number or other important information gets run through a cross cut shredder before disposal.
    "Forget the flat stuff slap something on the spinny thing and lets go, we're burning daylight" Bart Leetch
    "If it ain't round you may be a knuckle dragger""Turners drag their nuckles too, they just do it at a higher RPM"Bart

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