Beware of PayPal

That is correct. They have changed the default and they actively discourage you from using your cc. I believe that they want you to establish an account with them, have the funds, and play the float. I just ignore their warnings about paying interest, and switch the account, and use the cc.

I don't like PayPal. They are really raking in the interest on our cash. Their disclaimer says you can't take out the money in more than $100 increments without paying a penalty. What a ripoff! Even a modestly priced amp could cost $1000. It could take a year to get the money out, and you're still out the interest. Maybe I read their instructions wrong, but I don't see the benefit. I know that some people are worried about getting ripped off during a purchase, but I think COD is better in the long run.

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.

Paypal lost access to my bank when it closed/merged and the account number changed. They won't get a new one.

The comments are interesting, but I have never had a problem with PayPal. It works just fine for me.
Good Luck Guys