John Oliver wrote:
> On Tue, Aug 19, 2008 at 09:36:25AM -0700, MattyJ wrote:
>> I choose not to go into debt, contribute to the credit crisis and to use
>> my cash to buy things I need instead of those sweet chrome 22's for my
>> ride that I can't afford, and PayPal, for something like 10 years now, has
>> afforded me that opportunity and has worked flawlessly.
>
> I use my VISA card, get cash back, pay off the balance each month. So,
> not only am I slightly ahead of the game, but I also have my credit
> limit as an "emergency reserve", and, if someone miuses it, they're
> stealing the bank's money. I get to tell my bank, "You have a problem".
> If you have a problem with PayPal, you have to bend your knee to them,
> say "I have a problem", and hope that they're going to be willing to
> take that problem away from you.
>
> It's just far too common for PayPal to freeze funds or seize funds from
> linked accounts if there's an issue. Their first concern is that they
> not get stuck with the problem... they grab the money, and then sit and
> take their time to figure out how to make the situation right. If you
> sell something, get paid, and then there's a problem, the first thing
> PayPal does is grab the money back from you. They aren't going to be
> out. If I have a problem like that with my VISA, I'm covered.
>
> I just do not see any real benefit to PayPal that outweighs the very
> real risks that have been demonstrated again and again.
>
I know all these stories from previous readings. I use paypal, it's tied to a
WAMU account that I only use for PayPal. The balance is kept low, usually
under $10 and so the risk is low. I also wonder if there have been wholesale
changes since ebay bought PayPal.
--
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http://www.paccomp.com
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