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01-19-2002, 07:47 PM
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#1 (permalink)
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What is the Scoop on Pay Pal good and bad?
I'm just kinda curious?
Can you guys tell me if you like it? Or if you don't why?
I would like to hear both buyer and merchant opinions..
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01-19-2002, 08:25 PM
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#2 (permalink)
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Join Date: Oct 2001 Location: Champaign, IL
Posts: 3,253
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I like it, I've used it as both a buyer and merchant. It's works with my bank account, so I can transfer funds at anytime.
I've had nothing but a good experience with it personally, though they do charge me 15% on every transaction. ( beacause it's a business account which can accept credit cards)
Jkrohn
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Jkrohn
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01-19-2002, 08:29 PM
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#3 (permalink)
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Join Date: Oct 2001 Location: Colorado
Posts: 1,298
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I dont have any complaints. I like it. It earns more interest then my checking account and is easily maintained. I have received all payments to it with out a snag and all transfers out have gone smoothly. As far as security and risk- I see it as not being any more risky then using a credit card online. The bank account that I used to verify my paypal account was setup just for it and I keep a minimal balance in it. Hope this helps.
Mortis
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01-19-2002, 09:48 PM
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#4 (permalink)
| | Registered User
Join Date: Oct 2001 Location: Ohio (transplanted f
Posts: 2,673
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Surreal, nothing but good from a buyers point. I'[ve had it for some time and the little bit of cash I keep in there actually earns me more than the CD's at my bank....
Pretty handy from a vendor's point of view, although I understand that the "skim" they take on a vendor who accepts credit cards is pretty fierce.
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A word to the wise is usually unneccessary.
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01-20-2002, 12:02 AM
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#5 (permalink)
| | Registered User
Join Date: Oct 2001 Location: Michigan, USA
Posts: 716
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Our experience with Pay Pal has been good. Only used a couple times, but it was no troublr. However I have heard of horror stories where payments were held for weeks before processing... Could not track down the site, but it was a consumer warning site (lost part of my fav's by stupidity).
If you are only looking at it as a consumer I would say GO!
If you are looking at it as a business, then i have no hard info, and would therefor consider it as risky (pessimist).
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01-20-2002, 12:18 AM
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#6 (permalink)
| | Registered User
Join Date: Oct 2001
Posts: 866
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I haven't had any problems with it, but here's a site with the horror stories: http://www.paypalwarning.com/Default.htm
I dunno how much truth there is to the claims, but as a precaution, I transfer funds to my bank as soon as I get them....just in case!
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01-20-2002, 12:53 AM
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#7 (permalink)
| | Registered User
Join Date: Oct 2001 Location: Canada™
Posts: 2,671
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I haven't had any problematic experiences of them, but know of people who had. From the sick things I've heard, PayPal's reputation is questionable.
- Brandon
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Last edited by brandon184; 01-20-2002 at 01:29 AM.
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01-20-2002, 01:24 AM
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#8 (permalink)
| | Registered User
Join Date: Oct 2001 Location: NJ
Posts: 3,417
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i have had no issues with pay pal at all. then again i only send people money once and a while ,but still, it's been postiive.
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01-20-2002, 02:31 AM
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#10 (permalink)
| | Registered User
Join Date: Oct 2001 Location: Healdsburg, CA
Posts: 3,157
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My wife and I have used it from both buyer/seller sides for about a year now and we both like it alot. We haven't had any problems at all. 
Two thumbs up!  | |
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