Paypal EATING Big Money

Discussion in 'PayPal' started by julia18ny, May 31, 2008.

?

Do you think Paypal Eatin Big Money

Poll closed Jun 10, 2008.

  1. Yes I belive Paypal Eating Big Money

    36 vote(s)
    70.6%

  2. No I still belive Paypal is the best Option for Payment

    16 vote(s)
    31.4%
Multiple votes are allowed.
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  1. #1
    In the recent Past I have observed that with Account limitation many of our friends and webmasters have lost big money. Do you think at what extend it is valid to block any amount from any account holder when there is neither no dispute found or no complaint is received.

    I guess this is a trick from Paypal to block amount of innocent sellers or people who receive money via Paypal even when they don't have any open dispute or claims on Paypal.

    The So called "Verification" Process that Paypal regulates while blocking the account must be regulated before authorizing the sellers to initiate account with Paypal since in that way sellers may dont have account limitation until any complaint filed against them by any of their buyer

    I guess Paypal is EATING big Money behind their so called "Account limitation" and verification Process
     
    julia18ny, May 31, 2008 IP
  2. terminator69

    terminator69 Notable Member

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    #2
    I think they make big money on fees but are also the best payment processor out there.

    Incorrect.
     
    terminator69, May 31, 2008 IP
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  3. mixke

    mixke Prominent Member

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    #3
    But, we don't have any better alternative :eek: :eek:
     
    mixke, May 31, 2008 IP
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  4. goforhunt

    goforhunt Banned

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    #4
    Paypal expects you to open account with correct details and while following their terms and conditions.
     
    goforhunt, May 31, 2008 IP
  5. eddy2099

    eddy2099 Peon

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    #5
    If you follow your contract closely, you should not get your account limited.

    Even if your account get limited, you will not lose your money because after 180 days, you can withdraw the money provided you gave them accurate information about yourself in the first place.

    When dealing with Paypal, make sure you have all the necessary paperwork such as use Paypal Invoices, Buy Now button and Subscriptions. Do not get people to use the Send Money method to send you money because that is the wrong way to go about doing things.

    Make sure that you use a Premier/Business Account if you intend to receive money from people and do not sign up if you are underaged, not from a paypal supported country or do not have a bank account or credit card.
     
    eddy2099, May 31, 2008 IP
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  6. cool_78

    cool_78 Guest

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    #6
    Paypal is still the best option for me. I have a personal account and sending and getting money from them is free.
     
    cool_78, May 31, 2008 IP
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  7. Lord Hades

    Lord Hades Peon

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    #7
    I think you may be in trouble cool_78. I myself had a personal account and just switched over to a premier account recently.
    Paypal says you can only receive friendly and affiliate payments with a Personal account.
     
    Lord Hades, May 31, 2008 IP
  8. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #8
    Still there is no any good option otherthen paypal and its widely accepted so still its best option for me as of now.

    DON.
     
    deluxdon, May 31, 2008 IP
  9. Ajucoolest

    Ajucoolest Well-Known Member

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    #9
    I have both accounts Premier and Personal. For all the affiliate Payments I use Personal account while I use the Premier account for all purchase and sale of products and subscriptions. :)

    And yes it is the best payment Processor widely accepted in over 190 countries. Best of all I can withdraw from Paypal to my Bank Account so I do not have problems with them.
     
    Ajucoolest, May 31, 2008 IP
  10. Gigacore

    Gigacore Active Member

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    #10
    whats the duration or the time given for a unverified account user, until the account is limited ?
     
    Gigacore, May 31, 2008 IP
  11. wisdomtool

    wisdomtool Moderator Staff

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    #11
    Paypal don't eat money, they earn money by providing a legitimate service as best as they could. A lot of pay pal limitations are due to users who are using them from non listed countries but hiding behind a proxy.
     
    wisdomtool, May 31, 2008 IP
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  12. templatesden

    templatesden Banned

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    #12
    I also use paypal for 3-4 years, I am verified member, still is there any chance to block my account ( for eating money) ;) ?
     
    templatesden, May 31, 2008 IP
  13. mentos

    mentos Prominent Member

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    #13
    I don't think PP will not limit your account without valid reason...
     
    mentos, May 31, 2008 IP
  14. jhon99

    jhon99 Banned

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    #14
    Yeah you must be have mistaken if paypal do that
     
    jhon99, May 31, 2008 IP
  15. getjimmy

    getjimmy Prominent Member

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    #15
    If u dont like paypal,then just dont use it.
     
    getjimmy, May 31, 2008 IP
  16. wisdomtool

    wisdomtool Moderator Staff

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    #16
    Absolutely! No one put a gun on your head forcing you to use Paypal. There are a lot of alternatives besides Paypal

     
    wisdomtool, May 31, 2008 IP
  17. hamik112

    hamik112 Peon

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    #17
    There is a lot of alternatives to paypal ,but most sellers use paypal and accept only that. They're not so bad, sure they have 300 dollars of mine that I will be getting back in a month, but they are very regulating.
     
    hamik112, May 31, 2008 IP
  18. myDOMAINion

    myDOMAINion Guest

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    #18
    How is PayPal eating your moey? The $1.95 collected thru verification is returned after your first spend.
     
    myDOMAINion, May 31, 2008 IP
  19. digitaltech

    digitaltech Peon

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    #19
    Yes I belive Paypal Eating Big Money
     
    digitaltech, Jun 1, 2008 IP
  20. felzafndy

    felzafndy Banned

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    #20
    paypal is money eater and scammers heaven
     
    felzafndy, Jun 1, 2008 IP
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