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PayPal Alternative? - What's your opinion?

I'm thinking about opening an electronic checking account with ING that would allow me to avoid PayPal fees. Basically the account would allow me to send money to anyone as long as I had their email address. Once I direct the funds to go to that person, ING pulls the money from my account, and sends the recipient an email that money is available. The recipient clicks the link in the email, inputs their own bank routing number and account number, and - zip - the money is theirs.

Does anyone already use this? Or would you be willing to input your bank info to receive money in this way?
128x128grannyring

Showing 1 response by mofimadness

mofimadness's avatar
mofimadness
4,934 posts
 
I bought a preamp from an Audiogon member about three years ago. PayPal took the $2400 out of my checking account as usual/normal.

Two weeks later, I got a certified letter from PayPal saying I owed them $2400.00. I had a hard copy of my bank statement showing the original debit of $2400 from PayPal. I sent that to them and they still said I owed the money.

I went to my bank for help and to explain what was going on and had the branch manager of the bank send a notorized copy to PayPal. PayPal still claimed I owed the money.

About a month or so later, I got a certified letter from a collection agency saying PayPal had turned the claim over to them.

3 years later and over $600 in attorney's fees, I'm still dealing with this.

Luckily the seller got his money and didn't even know what was going on.

PayPal can kiss my hairy white butt...
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