For your info Kind regards, Michael Moore [EMAIL PROTECTED] http://www.gold-today.com Sign up with e-gold today and get gramms of e-gold here. https://www.e-gold.com/newacct/newaccount.asp?cid=129542 > > -----Original Message----- > > From: Merchant Watch [SMTP:[EMAIL PROTECTED]] > > Sent: Tuesday, October 10, 2000 6:12 PM > > To: [EMAIL PROTECTED]; Michael > > Subject: Merchant Watch #38 Is PayPal Safe? > > > > Merchant Watch > > Keeping Merchants Informed About The Payment Industry > > > > > > -------------------------------------------------- > > > > Does Your Credit History Suck? > > Fix It For The Cost Of A Postage Stamp! > > http://merchant-solution.com/tk.cgi?0cp > > > > --------------------------------------------------- > > > > Is PayPal Safe For Sellers? > > > > This issue of Merchant watch is going to be devoted to just one subject. > > PayPal. PayPal blew in on the Internet scene about a year ago. Their > > slogan was "Free safe way to send and receive payments online" > > > > This quote was taken from a discussion board dedicated to PayPal questions > > > > "There is an x.com reversal of nearly $1000 right out of my checking > > account" > > > > X.com PayPal is an online payment service provider. > > > > Recently, PayPal instituted a business type of account and requiring > > bank account verification and promising that a verified business account > > would never be subject to chargebacks providing the owner follows > > a few rules. Furthermore they state in their TOS that they will never > > withdraw money from a person's bank account without permission. For > > a mere 2.5% of each transaction you could have an automatic sweep > > of funds into your bank account daily. This all sounded good. > > > > With the exception of the loss of customer's due to the fact they > > would have to sign up with PayPal in order to send payments to a merchant, > > > > I could not see any reason a merchant would not want this service. > > BUT: There is always a BUT somewhere. PayPal went on to instituting > > a transaction fee along with the percentage they withheld and now > > their pricing is right up there with a real merchant account. That > > is not all. Remember the "Safe" guarantee and the "never withdraw > > money from your checking account guarantee"? > > > > I accidentally stumbled upon a WHOLE BUNCH of sellers using PayPal > > that have nothing but HORROR stories and I think it is a good idea > > to shed some light this. I would also like to point out some differences > > between how a real merchant account would work in a similar situation > > and show you that having a real merchant account is safer than having > > a so called "Safe" PayPal account. > > > > PayPal withdraws almost $1000 from user's bank account. Note: X.com > > owns PayPal. The user's comment below. > > > > "This gets worse by the minute. I went to the grocery store today > > and my debit card was declined. I knew something was wrong because > > the last time I looked I have over $1000 in my account. You guessed > > it! There is an x.com reversal of nearly $1000 right out of my checking > > account." > > > > The above quote was taken from a discussion board dedicated to Paypal > > questions etc. > > > > The thread can be found here > > > > http://otwa.honesty.com/forums/Forum16/HTML/000791.html ,and here, > > http://otwa.honesty.com/forums/Forum16/HTML/000877.html > > > > If you take time to review the threads above, you will find several > > PayPal users who had their entire account frozen and no access to > > their money even while Paypal was still collecting payments. I am > > not just talking about the disputed portion of the money. I mean all > > of it! > > > > With a real merchant account, if a customer disputes a charge and > > a chargeback results, the actual amount of the charge is pulled from > > the merchant's bank along with a chargeback fee. The merchant > > account-acquiring > > bank is not going to freeze the entire merchant account just because > > of a chargeback. They will deal with just the disputed portion and > > the merchant continues to have access to the rest of the monies in > > the merchant account. PayPal just freezes everything, the disputed > > portion and everything else in the account. The only time an acquiring > > bank would freeze the entire merchant account is if the merchant is > > committing fraud. NOT simply because the merchant accepted a credit > > card that may have been stolen or the customer is committing electronic > > shoplifting. > > > > Disclaimer, The above information was drawn from comments of dissatisfied > > users of PayPal and is only one side of the story. I have not contacted > > PayPal at all about these claims. > > > > Thus, I can conclude this. It is safer to have your own merchant account. > > > > Till next time, > > Todd Sumrall > > http://merchant-solution.com > > > > You are subscribed as [EMAIL PROTECTED] > > > > Subscribe by sending an email with subscribe in the subject line to > > [EMAIL PROTECTED] > > > > To un-subscribe or remove a second email address reply to this email > > with un-subscribe in the subject line or send a email with un-subscribe > > in the subject line to [EMAIL PROTECTED] Be sure > > to send the exact email address you are subscribed with to unsubscribe. > > > > Reasons you may be subscribed: > > > > You are our merchant, you host with us, or, you are an affiliate. > > You may have purchased one of our products. Parked your domain names > > on our name servers. Downloaded one of a few free ebooks or scripts > > we provide. > > > > Sites where you may have subscribed at by requesting a download or > > ebook: > > > > Merchant-Solution.com > > 1-Promote.com > > Ez-CreditCard.com > > > > --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]