I hear you Bob. My family(father, aunts, uncles, sister and cousens)all have worked for one of the big 5 here in Canada.
I have heard the stories.:-) I almost had myself convinced to set up an account, now i'm thinking again.:-) However, i have only made 7 ebay purchases in the past 5 years, and dont do a lot of biding. It would mostly be for an occasional payment i think. Dave Quoting Bob Sullivan <[EMAIL PROTECTED]>: > Dave, > > Not to go paranoid on you, but banks and credit card companies are not > your friend. They are much more chummy with other credit card > companies and other banks. > > I tried to have my credit card company stop paying for an AOL account > that we had lost paperwork on. After numerous calls and $100 in > charges, I canceled the card altogether. No, they wouldn't stop AOL's > automatic withdrawal from my card. So who are they working for, the > merchants or you? > > The twits at the bank can 'help' you in many ways. "Well you have two > accounts, so rather than have you pay for an overdraft, we just > transfered the money from one account to the other." I arranged to > send a wire transfer from the USA to France last year for about 300 > Euros. I carefully filled out the paperwork. The girl at the branch > bank decided that I meant US$300, not the 300 Euros I indicated, so > the transfer was wrong and the seller said so. I went back to the > branch, saw the paperwork where she crossed out Euros and inserted $. > After much discussion, I requested a second transfer for US$53.46 from > my checking account. > > A couple of days later, the Frenchman sent me a cryptic message about > if I had check my account lately. I checked, and they had transfered > him US$5,346 from my account. (Maybe like the wire room in New York > wasn't used to dealing with such small amounts.) I struggled for 10 > days or two weeks waiting to get my money back after insisting it was > their problem, not mine. I had the original paperwork to confirm > $53.46! > > Regards, Bob S. > > On 12/2/06, David Savage <[EMAIL PROTECTED]> wrote: >> Why set up an account with a completely different bank? Do you think >> the funds could be sucked out of your primary accounts? >> >> I'd recommend setting up a separate account with low fees/minimum >> balance amount as a temporary location & transfer fund's in and out >> as, come in or need to go out. >> >> To make, or request, a payment, you log in to your Pay Pal account and >> send the person an email through the payment (or funds request) >> section and the amount you wish to send, or receive. >> >> Personally I'd prefer to do without Paypal, and use direct bank >> transfers, but people are more paranoid about them than they are about >> PayPal, and the banks sting you with international transaction fees, >> about AU$20 each, local.direct deposits are free though. >> >> Dave >> >> On 12/2/06, David J Brooks <[EMAIL PROTECTED]> wrote: >> > Good idea. We have a new bank in town now, so i could open an account >> > with them. >> > >> > I assume you are given somesort of account number or id from paypal, >> > so people can make a payment. >> > >> > Is that correct. >> > >> > Dave >> > >> > Quoting Amita Guha <[EMAIL PROTECTED]>: >> > >> > > On 12/1/06, Michael Chan <[EMAIL PROTECTED]> wrote: >> > >> For the (realistically) cautious, I offer this advice: >> > >> >> > >> Set up a secondary (or tertiary/quadrant) account to your principle >> > >> account for online transactions for vendors such as PayPal that >> > >> really push a checking authorization. Limit the funds available to >> > >> what you are trying to move, with a little wiggle. >> > > >> > > That's exactly what we did - we opened an account with a different >> > > bank from the bank where we keep our "real" money. We started the >> > > account with a small amount of money and linked it to Paypal. It's >> > > worked out fine so far. >> > > >> > > Amita >> >> -- >> PDML Pentax-Discuss Mail List >> [email protected] >> http://pdml.net/mailman/listinfo/pdml_pdml.net >> > > -- > PDML Pentax-Discuss Mail List > [email protected] > http://pdml.net/mailman/listinfo/pdml_pdml.net > Equine Photography in York Region -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
