Who uses paypal?

OK, these last two posts really had me going. I'm learning something new with the phrases "Paypal is the mutts" and "cat's ass" (e.g. cat's meow). Maybe we need a thread on phrases/translations to reference for those of us not familiar with these. I must admit, it has been a learning experience!

 

I've used paypal for a couple of years now and have never had a problem with it. Twice, I've had people email me telling me they refused to purchase my application because I only took paypal. I basically shrugged my shoulders and said "too bad - cya" (in a nice way, of course). Other than that, it's been great. I too have heard that there are horror stories, but I've never experienced any problems with PayPal. I love it.

 

It's the "cat's ass" right?

In case you think I'm making it up see this site http://home.t-online.de/home/toni.goeller/idiom_wm/id112.htm.

 

I had two paypal questions:

1) it says you can use either a savings account or a checking account to link to your paypal account... but even with the savings, you still need the "routing number." they describe how to find this for a checking account but not for a savings. where can I find it?

2) if someone sends me money before my account is linked to my bank account, what happens?

 

Not sure about the answer to #1, although if it is the same bank, it may be the same number as your checking account. #2 - The money will probably just sit in your paypal account - waiting. You can also apply for a paypal debit card. Go to any bank, stick the debit card in the atm, remove the money from paypal. You have to pay $1 to paypal and whatever the bank charges for non-bank atm fees - usually $2 or so. But it's great for those days when you are desperate for money.

 

I have never used paypal on my site or to purchase anything personally over the Net. I use authorize.net with all credit card purchases. Never have had a problem, nor have I been asked by a customer if they can use paypal.

Am I missing something in using authorize.net and not using paypal? If you believe I am... what is it and why?

 

1. Call your bank and ask them.

2. You can use the money in your account to buy stuff on the web. But the real answer is to get a PayPal credit card if it is available to you. It is really a debit card and you can only use it if you have money in your PayPal account. But it works for cash advances in an ATM or for any purchases. In fact you can get cash from an ATM and deposit that in your bank account if you want. I never ever transfer my PayPal money to my bank account.

 

seo_am - if you are already using authorize.net, that is a better solution than paypal. but not everyone is able to afford and/or qualifies for a merchant account so paypal is the best solution in that situation. compar - i transfer money from my paypal acct to my bank account all the time - never had a problem. 2 days later, its in my bank. but when i do need some cash right then and there, i use the debit card to take it out instead.

 

Donna, I didn't said I had a problem transfering to my bank account. I just said I rarely do it because there isn't never any need.

Also if you accumulate large balances in your PayPal account and are concerned about losing interest they have an interest bearing option. It is called a Money Market account and I believe it pays better interest than a normal savings account.

 

thanks for your answers compar.

I still don't think I'd ever let a huge sum of money accumulate in my paypal account since they're allowed to basically freeze your account and remove the money without much trouble- I know it probably wouldn't happen, but just in case.

 

Here in the UK you can transfer money to your personal bank account without a problem, if it's over £50 then its free, which in most cases you would be stupid to transfer anything less, and even if you did it's still only £1.25 payment!

I can't believe I was going to pay nearly £400 for Worldpay when I can use Pay Pal for nothing!!

As we would say here.. it's the dogs boll*cks! Which is the more rude version of OWG's mutt comment

 

Always hard to know who to trust when you see so many bad stories about EVERYONE. Just done a Google for iKobo and seen some bad press, but based on some of the comments on this thread I might just give them a go. I have just had a "live chat" with them and they passed my first test, that they have some level of customer service to at least talk with me.

I had a look at NewComputer's sig links, and he seems to use them for some reasonably high value goods.

Thanks for this thread.

 

There is also Nochex

 

This is UK only, not so good for international payments, or New Zealand with the world.

 

Where did you hear that? I think that is just bullshit paranoia. If they went around freezing people's account and grabbing their money do you think they would have any customers?

PayPal is the one of the first, and I believe the largest, Internet banking service in the World. You don't get to this position by freezing accounts and removing peoples money. Where do these stories come from?

I'd love to have a $100,000 balance with them.

 

I think the rumor comes from the fact that they do freeze accounts without warning. I'm sure they don't really need a warning since the accounts they freeze are likely violating the terms of use.

I know of two clients that have had large (multiple tens of thousands) of dollars frozen in their account because they were operating adult information or adult merchandise sites. Of course, they probably shouldn't have been using Paypal. I've not heard of any case where they remove the money in any way.

I've also had my business account frozen because of stolen credit cards being used to purchase software from my site. It took a few days, some faxes, emails, and phone calls to have it re-activated.

 

The whole part about others using stolen credit cards is absurd. They just assume that you are part of it? Why don't they screen out those cards and protect their merchants. Paypal is living high on the hog. It would be nice if something better would come along.

 

PayPal is very secure not to mention paypal and e-bay are now one and the same company. So what this means is that all those e-Bay accounts holders now are pre-qualified buyers on all the other merchant paypal sites.

Paypal also has neat feature "Auto Sweep" transfer funds to your account just like regular merchant account every night. This helps when you have advertising to cover. Also they have numerous third party scripts approved for paypal in the dev network. Affiliate,downloads,etc.

Been using them for about 2-3 years very happy with them.

 

http://directory.google.com/Top/Home/Consumer_Information/Complaints/PayPal

I realize that those that have their accounts frozen are a very, very small fraction of the users out there, and most people have had absolutely wondeful experiences with paypal, but it's still a bit interesting that so many people have had problems with them.