Sorry Jaxi -- I'm not making this stuff up. And I'm not passing along BS either. I have been using Paypal for years too -- it's taken me that long to reach a total spending total of almost ten thousand dollars. Now -- every time that I buy something on Ebay and use Paypal to pay for it, I get a message in my inbox from Paypal reminding me about the upcoming limit. Everytime that I log in to my account at Paypal, the first message at the top of the page is reminding me about the upcoming limit. The first time that I got the email from Paypal, I called them and spoke to customer service. The rep said that the message was legitimate, and that when I reach the ten thousand dollar limit, in order to continue using Paypal I would have to give them my bank account number that is used to pay my credit card bill. I was told that this was to confirm that I am the person that I say that I am. Which makes no sense whatsoever.
You said something very important in your email below: "I have a paypal account...............it is attached to my bank account". There you have the difference -- you have given them your bank account information. This is what they want from everyone. My point is that they are not entitled to that information. They are a fee-based service company, they are paid to transfer funds to a seller, and to collect those funds from a purchaser. If a private credit card is used for that purpose, and they have no problem collecting from that credit card, then there is no basis for them knowing bank account information. I'm sure that there are many people who do dumb things pertaining to Paypal. I think one of the dumb things is to give them your bank account information. MA ________________________________ From: jaxi <[email protected]> To: [email protected] Sent: Fri, October 19, 2012 12:52:01 PM Subject: Re: Paypal, was Re: CS>Info Silver wire I think there are people who would try to convince you anything and everything is bad and you shouldn't partake of any of it in any way. In fact there are a great many who would say and do say such things about EIS. I think they are whack - and I think the majority of this paypal scare stuff is whack too. (whack in this context meaning BS, not true, people making stuff up) I have had a paypal account since pretty close to when paypal started. It is attached to my bank account and one of my credit cards. There are some tricks to using it if you want to avoid fees, but for most person to person transactions you can avoid all fees unless the person paying is using a credit card - and then there are ways to ensure the person paying accepts the fees. This is not unreasonable as the credit card companies charge those fees to use credit cards - all merchants who take credit cards have to pay them one way or another. I have never had a lick of trouble with paypal. I started using it because of ebay stuff back in ... the late 90s if memory serves ... so close to 15 years ... no trouble at all. It has allowed me to accept payment from people all over the world for a variety of items, handled the exchange of currency for me and made shifting the funds to my bank account easy. They have never "drained" any money from any account. I suspect most of the stuff that happens is because of people doing dumb things - for example agreeing to something that charges a monthly fee and not realizing they have done so - people do this with credit cards too - example - netflix. I believe that facebook has some sneaky stuff where if you agree to pay for something with paypal (people who play those games and actually give them money) it enters you into a one click agreement sort of thing for future purchases unless you cancel that part - so it could be easy to accidentally "buy" something you didn't mean to. Paypal isn't intrinsically the problem here - dumb consumers are - IMO. I do not hook my paypal up with anything that incurs a recurring monthly fee or could be paid with a 1 click payment. I won't let Amazon do that 1 click purchasing crap either. Jaxi On Fri, Oct 19, 2012 at 12:27 PM, sol <[email protected]> wrote: I think I will simply stop purchasing anything from anywhere that requires me to use paypal as the credit card processor. >sol > >
