PayPal

[scottg]

I started with Paypal soon after they opened the company. Long before Ebay was involved.
Over the years I can find not one single thing they have ever done wrong.
Never hacked or compromised in any way.
You can open a personal account and practically everything is free
You can't sell on Ebay anymore with a personal account though. You could for the first 10 or more years, and I did sell with a personal account,  but they have now closed the loophole.
 
The fees aren't criminal. There are fees, but so far no more than anyone else charges.
If they do spike too hard we will all dump them and they know it.
     yours Scott 

[okeefe58]

100% agree Scott. Been with them nearly as long. Though internet theft does happen, I totally trust paypal/ebay now after so many years of, like you say, not one problem. I do remember the early days though, when I was so worried to give ANY info online. I suppose that's true for anybody just getting into giving personal info online. The main, and most important reason I like paypal so much is, it's the ONLY place online that has my $$$ info. EVERYTHING I buy online is thru paypal. No 20 e-tailers with my account info.

By the way Scott - the carbide bits? eh - not so much. Guess I need something more along the lines of masonry cutting

[mrchuck]

I also agree 100% with ScottG !!!!
Anyone from Happy Camp I believe. Been there many times!
When I sell something, the payment goes into my PayPal account.
Then when I want to buy something, the $ is there and ready for a transaction.
Absolutely the BEST!!!!!!

[JohnD]

Mike, I use paypal mostly for receiving funds from ebay sales and try to do the same. I transfer funds out of PayPal as soon as possible to a bank account, that I use just for that purpose, and then transfer to a savings account. All online with a couple clicks. The idea being to prevent PayPal pulling money from the account if hacked or a buyer files disputes. They can't take the money if it's not there right? They have my credit card info and can charge that if needed and I have more options to fight it through VISA. However, my bank tells me that it DOES NOT work like that. If PayPal has the ability to deposit to your account they also have the power to withdraw from it. If there is not enough to cover it the bank considers it an overdraft just as though I wrote a bad check. I suppose I clicked a box agreeing to this when getting set up with PayPal but I sure don't like it. On the plus side-- I've never had a problem with fraud. The 3% in fees is about what any credit card costs for the same service and it sure works nice for printing shipping labels and keeping track of what's paid or not.

[Nolatoolguy]

I greatly appreciate everyone's thoughts, thank you very much.

[1930]

Mike, I use paypal mostly for receiving funds from ebay sales and try to do the same. I transfer funds out of PayPal as soon as possible to a bank account, that I use just for that purpose, and then transfer to a savings account. All online with a couple clicks. The idea being to prevent PayPal pulling money from the account if hacked or a buyer files disputes. They can't take the money if it's not there right? They have my credit card info and can charge that if needed and I have more options to fight it through VISA. However, my bank tells me that it DOES NOT work like that. If PayPal has the ability to deposit to your account they also have the power to withdraw from it. If there is not enough to cover it the bank considers it an overdraft just as though I wrote a bad check. I suppose I clicked a box agreeing to this when getting set up with PayPal but I sure don't like it. On the plus side-- I've never had a problem with fraud. The 3% in fees is about what any credit card costs for the same service and it sure works nice for printing shipping labels and keeping track of what's paid or not.

This is good info, I have never had a problem as a seller but have often wondered what would happen if people were working the system and didnt have enough funds in their account.

In my opinion if sellers ( I am a seller sometimes ) gave accurate descriptions of their items and stopped trying to play games like not fully disclosing all info or I love the one where its an easy repair or will clean up easily,  ( cmon guys if it were so easy than why not do it yourself and then make even more money ) or my most recent where the seller stated BEAUTIFUL ILLUSTRATIONS!!! and there was not a single illustration to be found within the book than we would all have alot less problem.

Buyers have better things to do than package and item back up at our own cost and drive to the post office to stand in line to mail that package back to the seller.

Oh and then on top of it pay the return shipping cost according to e-bay BS policy