[Hidden-tech] PayPal Questions

[ussailis at shaysnet.com]

I regularly read 2600 mag. A similar problem with Paypal has been
documented on more than one occasion:

If someone complains to paypal about a purchase, Paypal retains the right
to, and has recovered the payment by dipping into the associated bank
account, to the point of causing an overdraft.

I don't know how accurate this is, but I don't think I would allow
overdraft "protection" on an associated bank / paypal acct.

Jim Ussailis
jim at nationalwireless.com


Original Message:
-----------------
From: Fred Levine fred at thompsonandlevine.com
Date: Tue, 06 Nov 2007 17:23:25 -0500
To: heller at deepsoft.com, az at a-zinternational.com,
Hidden-discuss at lists.hidden-tech.net
Subject: Re: [Hidden-tech] PayPal Questions


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One more point about PayPal. I have an account linked to my bank account,
which is mandatory if you want to take credit cards on Ebay.

Last month, someone starting posting false debits to my PayPal account.
Despite the fact that my PayPal balance was zero, they nevertheless starting
transferring money out of my bank account to make the payments. I never use
my bank account to make payments from PayPal, but there is not way to
specify this in your account. The problem was eventually corrected and the
money transferred back, but it seems like one hell of a potential nightmare
to me. 




>    ** The author of this post was a Good Dobee.
>    ** You too can help the group
>    ** Fill out the survey/skills inventory in the member's area.
>    ** If you did, we all thank you.
> 
> 
> At Wed, 07 Nov 2007 09:09:28 -0500 A - Z International
> <az at a-zinternational.com> wrote:
> 
>> 
>>    ** The author of this post was a Good Dobee.
>>    ** You too can help the group
>>    ** Fill out the survey/skills inventory in the member's area.
>>    ** If you did, we all thank you.
>> 
>> 
>> Hi all,
>> 
>> If anyone operates a PayPal business account rather than a personal
>> account can you tell us whether the upgrade is worth it. I know it's
>> free, but just want to know your experience.
> 
> I've done this.  Works great.  I've not had any problems.
> 
>> 
>> And has anyone tied in their PayPal account with a bank account
>> rather than just receiving credit cards? Again, trying to find out if
>> this is worth it.
> 
> Yes, it works great.  I don't actually have any credit cards (just debit
> cards, *including* a PayPal debit card).  My PayPal is only tied to my
> bank accounts.
> 
>> 
>> thanks!
>> 
>> Amy Zuckerman
>> Hidden-Tech Founder
>> 
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