I found the highlighted text in the attached image interesting. Freudian slip?

what is it suppose to say?

They aren't a bank.

So That is wrong.

I bet if an investigative reporter dug into paypal, they would find a lot of dirt about that company in their business dealing and freezing accounts and harboring fraudulent activities even though they screen for it.

i have had 0 problems with paypal.

I am over 18.
I only deal with people with good ratings
I do get insurance on anything i buy of value
I get insurance on shipping

I have had 0 problems and done HUNDREDS of transactions and have pushed THOUSANDS through paypal.

Service has been spectacular.

I haven't had any problems with them either, and all my business is legitimate. I never feel safe with them though; there are so many horror stories... they have a lot of work to do to gain my confidence.

I lost 1800 through paypal. I flat out asked their fraud dept what would keep me from selling something using their system and never sending the products. They said there is nothing stopping me and that they have lots of people that do that. They basically said they try to stop it but when it really comes down to it, as long as they collect their 2.35% of the transaction they dont care. They are in bed with the major credit card companies so people cannot do chargebacks against them now so basically they made themselves a perfect world. End users cant do chargebacks, frauds get away with it, paypal makes money...

hi same i have had nothing but good from paypal, as long as i dont scam i am ok :)

Unfortunately, scammers get away with more than the legitimate people do.

I hear lots of bad stories about them. I have used them for transfers since August 2002 and have had nothing but good from them so far. I've just upgraded to a business account and am wondering "Will customers want to sign up with me?"
It's kinda scary... I don't think it will be any real problem... My business is legitimate and I have gone to lots of work to make my business as friendly as possible, so when my word gets out I don't think there will be a problem for me.

The above however says nothing on this issue -- PayPal do not care what you do so long as they get their money. I had a friend order his PC through them and the company (Protek) disappeared off the face of this planet. No computer was delivered to him. PayPal got 2.xx% of his $1,500 dollars and PayPal wouldn't do a think about it other than say 'We're sorry'

'We're sorry'

I think if an investigative reporter dug into these instances i think it would be shocking to see how much actual fraud dollars go through paypal and how much they profit from it.

Unfortunately, scammers get away with more than the legitimate people do.


True,i had just opened a account a few months ago and became a verified member then a few days later my account was froze and they were requesting i faxed Bank Statements (WTF) and other personal info.I never got a reason why it was froze.






:angry:

www.PayPalSucks.com has an interesting forum :)

Apparently ex-paypal employees have posted there but I can't really verify if they really are ex-employees or not...the stories are believable considering though.

I thought a Judge/FTC (?) warned Paypal that they would either have to become a bank or stop acting like one (i.e. imposing their own charges and T&C's, with no comeback when it goes wrong). Banks have ombudsmen/regulations to obey and to complain to when things go wrong, but PayPal is bound by no such rules.

That said, I've never had any problems but I use them a relatively small volume (hundreds, not thousands of dollars)

Let's see how much THEY really take.

------------------------------------------------


Dear Valued Customer:

We recently learned that your PayPal account was credited twice for the March Money Market dividend payment. The original and duplicate credit posted to your PayPal account balance on 4/1/2003.


We are writing to notify you that we will reverse the duplicate
credit, which will post to your account on 4/2/2003. While this
reversal will appear under Recent Activity and History Tab, the
change will not affect any other transactions.

We regret any inconvenience this correction might cause, and, as
always, PayPal Customer Service Agents are available to answer any questions you may have, 7 days a week, from 6 A.M. to midnight CST. Please feel free to contact us if you have any questions at: 402.935.2057

Thank you for using PayPal.

Sincerely,
PayPal Processing Team


This PayPal notification was sent to you because your account is
likely to be impacted by a recent change to our service. PayPal
reserves the right to contact members regarding important product or
policy announcements. Replies to this email will not be processed.

Copyright(c) 2003 PayPal Inc. All rights reserved. Designated
trademarks and brands are the property of their respective owners.