I'm not an "eBay collector" but from time to time I'll use eBay for a part or odd item. When I first signed up for Paypal I gave them my CC number and they put some limit on what I could charge. O.K fine. It has been dropping (the amount) every time I use Paypal. Well it seems they want my checking account number so I can be verified????? I don't think so. CC number should be good enough. I am not willing to give out more and more personal information. Identity thief is out of hand already. Please enlighten me. Mike From [email protected] Wed Feb 14 12:19:22 2007 From: [email protected] (Robert Wright) Date: Wed Feb 14 12:19:37 2007 Subject: [Phono-L] Paypal References: <[email protected]> Message-ID: <[email protected]>
You can cancel a credit card easier than you can close a checking account, maybe? Seems like a reasonable safeguard for their protection, but I can't speak for them (though I'm positive the reasons are available on their website). More importantly, though, connecting right to your checking account eliminates the wait and transfers the money to your recipient immediately. (I don't even have a credit card -- I refuse to hemmorhage on interest to buy things with money I don't have, but that's just me.) But what more do they need for identity theft than a credit card number? (Don't even get me started on the Western Union questions I had to answer yesterday to get an account open for a transfer!) But why would a company the size of eBay/PayPal steal anybody's identity who can't possibly have as much money as their company already does? And how on earth would such a visible company pull off such a practice, or even have leaks of information, without a couple million eBayers holding them immediately accountable? The bigger they get, the more they have to lose by screwing up and the more watchdog eyes are on them! Aside from the convenience factors, the bottom line is that PayPal offers *some* recourse -- maybe not perfect, but at least something. Money orders and cashed personal checks do not, period. But I mean, we're all rational, civilized adults with lots of experiences, good and bad... Maybe we should share the techniques and tips for safe online trading that have worked for us each in the past instead of slamming/defending PayPal. Best, Robert ----- Original Message ----- From: "Mike Stitt" <[email protected]> To: <[email protected]> Sent: Wednesday, February 14, 2007 1:50 PM Subject: [Phono-L] Paypal > I'm not an "eBay collector" but from time to time I'll use eBay for a part > or odd item. When I first signed up for Paypal I gave them my CC number > and they put some limit on what I could charge. O.K fine. It has been > dropping (the amount) every time I use Paypal. Well it seems they want my > checking account number so I can be verified????? I don't think so. CC > number should be good enough. I am not willing to give out more and more > personal information. Identity thief is out of hand already. Please > enlighten me. > Mike > _______________________________________________ > Phono-L mailing list > http://phono-l.oldcrank.org >
