Philippe D. Posted August 31, 2006 Share #21 Posted August 31, 2006 Advertisement (gone after registration) Indeed, paypal and ebay collusion is the manifestation of the new world order. PP belongs to eBay! Sort of big business. Link to post Share on other sites More sharing options...
Advertisement Posted August 31, 2006 Posted August 31, 2006 Hi Philippe D., Take a look here Any Verified PayPal users here?. I'm sure you'll find what you were looking for!
Guest flatfour Posted August 31, 2006 Share #22 Posted August 31, 2006 When Paypal started they only required your card details. Now they require your bank details also.My son who is in computer security says it is not as safe as they will tell you. He will not have anything to do with Paypal. Link to post Share on other sites More sharing options...
albertwang Posted August 31, 2006 Share #23 Posted August 31, 2006 Good. That's right. it's a conspiracy to farm out bank accounts seriously. The reason why they make things easier to make you feel good and suddenly then all your savings are gone. Why risk it seriously? Just cause you want the quick and easy fix, Paypal is like a drug similar to crystal meth. Destroyed businesses and families defrauded by the big behemoth. Link to post Share on other sites More sharing options...
pekem Posted August 31, 2006 Share #24 Posted August 31, 2006 Is it not the case that a verified user of paypal gives up the benefit of credit card protection? I have always thought that if a payment was made to a seller via paypal by a verified user the funds would be debited to the users verified bank account and not the credit card. If there were insufficient funds available in the bank current account then the balance required to settle the transaction would be taken from the users credit card. It may be that it is possible to force paypal to take the money in settlement of a transaction directly from the credit card but I have not investigated very thoroughly my paypal preferences, which I imagine would be the starting point. If the credit card is not used then the purchase protection is not available. This would be a major disadvantage of verified user status. I am wrong? Link to post Share on other sites More sharing options...
ed_oneal Posted August 31, 2006 Share #25 Posted August 31, 2006 I've been buying, but not selling on eBay for about 5 or 6 years. I've used PayPal most of that time without incident, however, I've never seen the need to give them the info needed to get "veriified". Everything works fine without verification. Link to post Share on other sites More sharing options...
spydrxx Posted September 1, 2006 Share #26 Posted September 1, 2006 I've been buying & selling mostly cametra equipment, predominantly Leica gear, on Ebay for several years, I started off with Paypal to facilitate transactions, and quickly realized that verified status made things much easier for me, as both a buyer and seller . To the hand wringers in the crowd -- you can get hit by a car while crossing the street, but most of us successfully learn to minimize our risks. Same with any financial transaction. Don't knock it unless you have experience with it...you're blowing smoke and everybody knows it. If you have specific personal experience with it which you would like to share, positive or negative, I am sure we would like to hear it. My $0.02 FWIW. Link to post Share on other sites More sharing options...
albertwang Posted September 1, 2006 Share #27 Posted September 1, 2006 Advertisement (gone after registration) D'accord. I thought that this thread was going to die out. Okay, here's short lesson. Ebay- decent Paypal- Baybal - Babel. Get the picture? Geewhiz, can't believe this again Link to post Share on other sites More sharing options...
cbretteville Posted September 1, 2006 Share #28 Posted September 1, 2006 I've been using PP and eBay for a while and have only had good experiences with both. To me PP allows me to buy stuff from vendors and not have to give my CC info. I'll gladly pay the fee for the added security this gives me as a consumer. My dealings on eBay have been excellent so far, but I have been careful in selecting what I bid for. I've learnt a lot from this forum and am greatful for the headsups and pointers offered by the community. What truly frustrates me is that I can't get verified (PP dosen't have a way to do this for a lot of countries), as a honest bidder this keeps me out of auctions I'd want to bid in. Oh, and I should mention: I never shop on-line without using a CC, a debit card/charge a bank acct., no thank you. Link to post Share on other sites More sharing options...
pinetar Posted September 1, 2006 Share #29 Posted September 1, 2006 I also opened a checking account strictly for paypal transactions. I did lose $27 to paypal when the buyer claimed the account was used without their knowledge. It was a scam, the buyer built up points by buying candy. paypal didn't care. Link to post Share on other sites More sharing options...
gravastar Posted September 1, 2006 Share #30 Posted September 1, 2006 My one experience with PayPal support was most unsatisfactory. I suddenly found I was unable to access my Paypal account. At the same time I discovered a Key Logging trojan on my PC. I immediately 'phoned Paypal explaining the situation and suggested my account may have been compromised. I asked if they would suspend the account until the matter had been resolved. They absolutely refused to take any action until they received a signed statement from me in writing. They tried to tell me their security measures were sufficient to prevent unauthorised access and that my account password could not be changed by anyone. It was an extended holiday weekend which would mean at least 4 days before any action could be taken. I explained this and again they refused. Ultimately I installed a clean operating system on another disk and found I could access my account, it was the Trojan which had prevented this. I then changed my password - the very thing they assured me could not happen. I was very very lucky, my firewall log showed the trojan had been active for only a few days and transmission of it's data had been blocked. Bob. Link to post Share on other sites More sharing options...
rob_x2004 Posted September 1, 2006 Share #31 Posted September 1, 2006 Getting back to the question, and I am sorry if this has been answered in the reams of opinion above, can anyone; Succincly and perhaps in point form list the advantages of verified paypal over the unverified? Have there been times when verified PP has been an advantage to you? Link to post Share on other sites More sharing options...
jjjet1 Posted September 2, 2006 Share #32 Posted September 2, 2006 I don't recall the details offhand, but seems to me there have been a stream of security breaches/vulnerabilities at Paypal. Hey, that should not be a surprise, even Microsoft has hackers break into their servers! So, like some others posting here, my general online rule is to give out as little financial information as possible. On this basis I would avoid ebay verification if possible, unless there is some truly compelling reason for doing it (which I have not found) - and, you are willing to take on any added risks. [one example of a security issue at paypal: http://auctionbytes.com/cab/abn/y06/m03/i27/s04] Link to post Share on other sites More sharing options...
billh Posted September 2, 2006 Share #33 Posted September 2, 2006 The responses seem pretty well divided. I am a verteran eBay user of almost 10 years, with excellent success, and I remain enthusiastic. I also used PayPal for many years, but they don't seem to understand the my perfectly good credit card is perfectly good. They are forcing me to verify via my bank -- I am NOT interested in this option and wanted to get the feedback. Before I go this route, I'll also query my back (B of A) about their experience and recommendation. I don't understand the devotion to PayPal on the part of so many eBay users when Paypal makes life so difficult. Bill I had exactly the same experience with them Bill. As the amount I spent through pay pal on eBay approached $10,000, they sent me email insisting I get “verified” to continue using them. That required me giving them my bank account number, which stuck me as completely insane. There is absolutely no way I would do that, and I am not about to open another bank account just for paypal. I have explained that when I buy things, and one seller said there were other options coming (competition for paypal). Like you, I fail to see why a credit card suddenly does not satisfy them. Link to post Share on other sites More sharing options...
billh Posted September 2, 2006 Share #34 Posted September 2, 2006 I don't recall the details offhand, but seems to me there have been a stream of security breaches/vulnerabilities at Paypal. Hey, that should not be a surprise, even Microsoft has hackers break into their servers! So, like some others posting here, my general online rule is to give out as little financial information as possible. On this basis I would avoid ebay verification if possible, unless there is some truly compelling reason for doing it (which I have not found) - and, you are willing to take on any added risks. [one example of a security issue at paypal: http://auctionbytes.com/cab/abn/y06/m03/i27/s04] That link does not work. Link to post Share on other sites More sharing options...
albertwang Posted September 2, 2006 Share #35 Posted September 2, 2006 Good grief... I am hoping that this paypal thread will pass away... you see, if even a few people have bad experiences, it shows the truth. Link to post Share on other sites More sharing options...
whorg Posted September 2, 2006 Share #36 Posted September 2, 2006 1. You sell an item for $100 2. Somebody with a PayPal account backed with a credit card pays for the item = the seller receives $94 3. Somebody with a PayPal account backed with a bank account pays for the item = the seller receives $96 Sellers get "hit" with an extra 2% - PayPal gets "hit" (with this) from the credit card companies and are just passing on the fee. ******************************************** Check out Luigi's case sales on E-Bay - he's pretty clear on what he likes, and that's the reason, more money in his pocket, pretty simple. ******************************************** Granted, PayPal is just a conduit, but the banks have grown smarter and realized how much commerce is flowing through PayPal these days. E-Bay/Paypal ARE RAKING IT IN . . . the banks just want a bigger piece. The banks are "sticking their necks out" with credit cards, hence your interest rates . . . verified bank accounts are real money "in-house" - and that's no problem for the banks to move this money through PayPal without risk - Seems clear to me . . . let's not get paranoid. Honestly, if someone really wanted your information - it's theirs. The best thing you can do is keep things under control and and own/operate a CLEAN computer. A separate account for on-line purchases seems fairly justifiable to me, and minimizes my risk . . . and for those who make a "living" off E-Bay - a mandatory requirement from a taxing perspective. Just my 2 cents . . . ~josef Link to post Share on other sites More sharing options...
albertwang Posted September 2, 2006 Share #37 Posted September 2, 2006 Righhhttt... Of course, I want to make it easier for those guys to fornicate my bank account ... Seriously if you are making a living from paypal, I think that way too high risk. I know that others own the bank information but why make it easier for the criminals to find it? Link to post Share on other sites More sharing options...
jp_photos Posted September 2, 2006 Share #38 Posted September 2, 2006 "Seriously if you are making a living from paypal, I think that way too high risk." What a strange thing to say. Just out of curiosity, why does anyone here think that PayPal is any more "evil" than their bank or credit card companies? Maybe you are more comfortable with your bank because you have been with them longer than PayPal? If so, don't be fololed into thinking they care about you. In my mind, PayPal IS a bank- for better or for worse. I don't trust my bank or credit card company any more than I trust PayPal. They are all equally beurocratic and error prone. I have one open issue with my credit card company and one open issue with PayPal as I type this message. But i'm not too worried about losing money. It's the time I spend dealing with mistakes that bothers me. --Jason Link to post Share on other sites More sharing options...
albertwang Posted September 2, 2006 Share #39 Posted September 2, 2006 By the way, I never said that I liked my bank. I think that BOTH the bank and Paypal are evil. SPASIBA! Link to post Share on other sites More sharing options...
uulrich Posted September 2, 2006 Share #40 Posted September 2, 2006 <*jokes on* > Just because you're paranoid doesn't mean they're not out to get you. <*jokes off*> Link to post Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.