Thread: paypal
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# 6 15-09-2002 , 02:11 AM
David's Avatar
SM Tea Boy
Join Date: Apr 2002
Location: Prague
Posts: 3,228
Its very nasty

Be warned that Paypal is not a bank and is not FDIC insured

Judge says PayPal's arbitration rules unfair
Company attempts to isolate itself from challenges, he rules.

A common scam with Paypal is stealing of money through hacked accounts.

And on and on its generally used by companies that wouldn't qualify for a merchant account with a real bank its un secure and they have a very nasty habit of ripping there customers off.

There have been several class-action lawsuits filed against Paypal.

Fraud seems to run rampant on the Paypal system. Merchants doing business through Paypal are simply not given any of the same tools to identify fraudulent transactions that real credit card merchants enjoy...

Our payment facility is with a real bank it is secure and its insured we don't use paypal because we are a real company and thus qualify for a merchant account, also paypay makes it cheep to set up an e-commerse site we spent the money and did it the right way.

Any one that wants them i can give you links to pages and pages full of un-happy paypal customers as well as the info on there latest court cases.

So no paypal unless Kevin insists i for one would strongly advisee against it

David user added image

https://www.paypalwarning.com/WallOfS...lt.asp?Page=21


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