[CLUE-Tech] PayPal

[Ed Hill]

On Mon, 2002-01-14 at 22:47, Joe 'Zonker' Brockmeier wrote:
> >
> > I do not think I would trust PayPal with my bank account info, especially for
> > on-line transactions.  With a credit card, my liability is limited for fraudulent
> > charges.  Is there any limit for ACH transactions (either from the bank or from
> > PayPal)?  Sounds spooky to me, although their motivation makes perfect sense.
> 
> It makes sense, but they go out of their way to lie to their customers about
> it. I haven't "verified" with them, so I haven't experienced the same problems
> that Jim has. However, I tried to communicate with them about this policy, and
> all I could get was boiler-plate set of responses that tried to convince me
> how wonderful it would be if I verified my account and all the features it
> would enable. I had four exchanges with them and never got a response to any
> of my questions.
> 
> I won't be using PayPal again.

Smart move, IMHO.

PayPal won't let me withdraw the last few dollars out of my account with
them until I "verify" it by giving them the info for at least one of my
bank accounts.  As if.  I'm glad its not much, since I've no intentions
of submitting to their new terms.

I think anyone who is foolish enough to turn over their bank account
info to PayPal is just begging to get ripped off.  And perhaps deserves
it for being so careless...

Ed


-- 
Edward H. Hill III, PhD
Post-Doctoral Researcher   |  Email:       ed at eh3.com, ehill at mines.edu
Division of ESE            |  URL:         http://www.eh3.com
Colorado School of Mines   |  Phone:       303-273-3483
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