On Mon, 10 Sep 2007 21:15:09 -0700, Too_Many_Tools
wrote:
On Sep 10, 10:05 pm, GoForward wrote:
On Sep 10, 9:19 pm, (DoN. Nichols) wrote:

Interesting. If someone accepts *only* PayPal, then I don't
bid. That simple again.

Same here.

Why NOT Paypal?

You are open to more risk if you pay by MO or CC or personal check.

Because when you set up PayPal they have a direct line to access
your linked bank account - their test is to make an under $1 transfer
out (like $0.12) and you tell them the exact amount as a password.

But PayPal isn't a "bank" so they don't have to follow the same
rules about handling your money. Unless they've changed things, you
can not get someone from PayPal on the phone to solve a problem even
if they just tapped you for $10K, all contact is by E-mail and they
take their time responding. If they decide they don't owe you the
money in dispute, you aren't getting it.

If a fraudster puts in a huge payment request they can clean out
your regular linked bank/checking account - and then can take their
sweet time returning the money. Or if the other guy lies better than
you can tell the truth, they can let him keep it.

Unless there have been major changes, the only safe way to use
PayPal is to have your bank set up a totally separate firewalled
checking account for PayPal to access - no automatic overdraft
protection, no externally initiated drafts or transfers from your
other accounts. You only leave $10 in "the PayPal checking account"
until you make a purchase, then you fund that account with the
purchase amount manually before closing the purchase.

I don't feel like messing around like that. Too much to go wrong.

-- Bruce --