Beware of PayPal

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

>>>Argent said: <<
>>>Their disclaimer says you can't take out the money in more than $100 increments without paying a penalty. <<

No duh, paypal _wants_ you to keep money with them, so that they can use it to make money for them. Rather than take the penalty, I usually leave the money in. As much as I buy and sell computer equipment, I might as well leave when I get it, because it will be going back out eventually. ;-)

I think that's how Paypal want you to use their system. Receive paypal $$$ from a buyer, keep it with them, send paypal $$$ to a different seller, et infinitum.

I generally keep $300-500USD in their system at any one time. Maybe not the smartest move on my part, thought... (if they go under)

Paypal did not accept my bank information when I've tried to become "verified" and at the same time when I wanted to get cash the only way I could do is to get a physical printed check for which I had to pay extra $1.50