Re: [FWDLK] Ebay

[Jim Hoekendijk <Jim.Hoekendijk@xxxxxx>]

Lou,

I rest my case....
I've just read it all, and if some of it is true, I can understand why some
sellers don't want to use PayPal in any way, anymore. Even not when I offer
to take their PayPal fees.
Though it came to my attention there's a link towards a competitor, which
always makes me alert and think it might be to pull a leg..., but that's
just me being as we Dutchies are...

Jim Hoekendijk
The Netherlands.


-----Oorspronkelijk bericht-----
Van: Forward Look Mopar Discussion List [mailto:L-FORWARDLOOK@xxxxxxxxxxxxx]
Namens Lou
Verzonden: donderdag 9 maart 2006 18:51
Aan: L-FORWARDLOOK@xxxxxxxxxxxxx
Onderwerp: Re: [FWDLK] Ebay

Yes, paypal is very convenient, and I prefer to use it (I have only 
BOUGHT on ebay, though). 

But there is more than just the cost to sellers.  Paypal has in effect 
become an unregulated bank (unless they are finally being regulated??)  
wth direct access to your bank account to add and remove funds, (you 
must become a verified member and give your banking info after you reach 
your initial spend limit). 

The last time I checked, there were still limits to how much money per 
month you can transfer FROM your paypal account into your bank account, 
so high volume/high dollar sellers are less inclined to use it once they 
get burned.  They have to pay to use the service, PLUS they are forced 
to keep a balance at paypal.  I wonder what paypal is doing with that 
money?   I have read lots of horror stories revolving around the fact 
that a seller's entire account account is frozen if there is any 
accusation of a bad transaction.  People have had thousands of dollars 
sitting there for months until the Paypal decides whether or not the 
claim against them is valid.

check out http://www.paypalsucks.com/

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