Beware of PayPal


I made a payment via PayPal and just noticed that they took the money out of my checking account instead of my credit card. They made this change without notifying me! Worst thing is that there's absolutely no way to contact them. They don't respond to my emails and they have no phone number to call! This is horrible!
boros

Showing 1 response by lakefrontroad

I have no clue what you're referring to. I have a Paypal account. I get interest on my cash. Not very different than my bank. I use my Paypal debit card and get 1.5% refunded to my account in cash for every use other than cash, which I don't do.

The problems I've experienced with Paypal have to do with the inability to obtain customer service. Also, they have taken the position that they are not a bank and are not subject to banking laws. This particularly affects fraud, theft and forgery. Banks are responsible for such to their customer's accounts.

The plusses are obvious... fast sure payment as long as it comes in payment by check, rather than when the buyer pays by credit card which has the possibility of charge backs.

Bill E.