[geeks] grr paypal

[Andrew Weiss]

I don't understand the concern.  Anyone you give a check to has your 
bank account number.  With paypal anything that goes into or out of my 
checking account I have to approve.  When I need to pay.  I plop the 
exact amount in from my bank account on file, then send.  When I get 
paid I receive a notice... tell them to withdraw it... done..

I never keep a balance in it longer than 5 seconds or so

Andrew

On Friday, February 22, 2002, at 05:00 PM, Mike Nicewonger wrote:

>> What worries me about PayPal is there is no way to use it with out 
>> opening
>> myself to large liabilities.  Normal online retailers don't make me go 
>> through
>> any agreements before I buy from them, so in theory disputing charges 
>> should
>> be easy.  Even still, I don't buy online with credit card much, and if 
>> I am
>> online, I prefer to go to well known brick and morter stores like 
>> JCPenneys
>> (cloths for myself).
>>
>> Paypal on the other hand has a mile long agreement signing away my 
>> rights, and
>> they either require permenant access to my high limit credit card (IE 
>> my only
>> credit card) or my bank accont (which usually has a fairly high amount 
>> of cash,
>> especially for a college student).  I don't feel comfterble trying to 
>> do
>> business under those conditions.
>
> I definitley understand your point. Just this week PayPal got hit with 
> a class
> action lawsuit for inappropriate freezing/seizing of funds and crap 
> customer
> service.
>
> So I wonder how this has affected thier stock now that they have IPO'ed?
>
> Mike N
> _______________________________________________
> GEEKS:  http://www.sunhelp.org/mailman/listinfo/geeks