MattyJ wrote:
<quote who="John Oliver">
On Mon, Aug 18, 2008 at 05:17:23PM -0700, MattyJ wrote:
MasterCard and VISA are brands. You don't deal with VISA... you deal
with a bank that issues a VISA card. One bank could be terrific,
another could suck.
But there's only one PayPal.
[snip]
A URL from one angry customer does not risky product make. My bigger point
is that every bank, every credit card, every check cashing place, is in
the business of taking your money and one is not better than the other
based on Internet heresay and a couple of nerds with a website.
There have been more than a few complaints against PayPal over the
years. However, most have been from merchants rather than buyers. Most
complaints against PayPal have been about their seemingly arbitrary
behavior of freezing merchant accounts.
As a buyer you're probably as safe using PayPal as you are using a
credit card. As a merchant, it seems you're not.
Being that techie folks use PayPal and Visa/Mastercard exist in the real
world, it would be interesting to see what kinds of complaints the BBB
fields for credit cards vs PayPal.
Since when are "Techie folks" the gold standard of financial expertise?
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.
Whether you go into debt or not is dependent not on your choice of using
or not using a credit card, but on your ability to manage your finances.
There are lots of ways to go into debt without possessing a credit card.
You make it sound like before the advent of credit cards, it was
difficult for people to go into debt. Just like before the Internet,
there were no sexual predators or fraudsters.
My bank, on the other hand, has change[d] hands 5 times since I becaume a
customer, gave me $80 instead of $100 in an ATM, took 15 days to get me my
$20 back, has randomly rejected debit charges for no reason, etc., yet I
go back. Either I'm an idiot or it's that we expect banks to suck so we
put up with them. Either way I find it suspect that people think Visa and
Mastercard are some pillars of society that everybody loves and have never
had a problem with.
-Matt
And yet after such abuse by your bank, you apparently continue(d) to use
them. The bank can hardly be bear the blame for your being a willing
victim. Maybe the more relevant decision is not whether or not to use a
credit card, but whether or not to switch banks.
While I have been mistreated by several banks over the past 45 years, I
have yet to be mistreated by my Credit Union in 15 years of membership.
--
Best Regards,
~DJA.
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