paypal -how trust worthy is it?

Discussion in 'Community' started by acidrock, Apr 2, 2004.

  1. acidrock macrumors 6502

    Jan 30, 2004
    The Evergreen State College
    I heard like last year there was some big scandle at paypal but i didn't really hear details about it. It seems to still be opperational, do any of you guys use/ trust it?
  2. Sun Baked macrumors G5

    Sun Baked

    May 19, 2002
    It's owned by eBay... and we all know how trustworthy they are. :eek:

    They've also been trampling on the rights of accountholders, and have been in the news about it.
  3. Opteron macrumors 6502

    Feb 10, 2004
    South Australia
    E-bay is all well and good, though there are better means of money tranfere the paypal.
  4. Krizoitz macrumors 65816


    Apr 26, 2003
    Tokyo, Japan
    I have never had any problem with it, but thats just me.
  5. Westside guy macrumors 603

    Westside guy

    Oct 15, 2003
    The soggy side of the Pacific NW
    I only use it when there's no other payment method available. Paypal has been hacked at least twice; plus there have been cases where a payee's account has gotten cleaned out by a third party - which tells me their identity confirmation leaves something to be desired.

    It is possible they've cleaned up their act in the last 6-12 months though. But I get the shivers when I talk to people who are using their checking accounts through Paypal.
  6. Dippo macrumors 65816


    Sep 27, 2003
    Charlotte, NC
    DON'T Leave any money in your account!!

    If someone pays you, be sure to have it deposited in your bank account ASAP!

    I had a buyer that decided that he wanted a refund from one of my auctions. Of course he never sent me back the laptop so I wasn't going to refund his money, but paypal took the money from my account anyways. It took me forever to finally get my money back!!!
  7. Jeewhizz macrumors regular

    Nov 30, 2003
    London, UK
    My company does a lot of business via paypal, and we've never had a problem at all. Probably done over 1000 transactions in the last couple of years.
  8. hugemullens macrumors 6502a


    Dec 15, 2002
    Paypal itself is pretty trust worthy. If something goes wrong i have heard horror stories of never getting your money back, but that goes back to the trustworthy seller. The HUGE problem with paypal is spoof emails. My grandmother is a 1000+ feedback on ebay and she gets atleast 2 spoofs a day trying to get her to update her password, give a credit card number, all kinds of things. Paypal works great in my opinion, you just have to remember payapl never asks for anything in an email.
  9. Doctor Q Administrator

    Doctor Q

    Staff Member

    Sep 19, 2002
    Los Angeles
    Paypal charted new business territory and I'm not surprised there have been glitches along the way. Customer service may not be stellar, but problems are reportedly fairly rare, given the huge volume of transactions. It's a financial service that's very convenient but not without a slight risk of problems. I use it because the alternatives (not using an online payment system or using another service I know even less about) are no better, and I don't deal with huge sums so the small risk of a problem is acceptable to me. I've been lucky to have no problems at all.
  10. Kwyjibo macrumors 68040


    Nov 5, 2002
    I've had up to like $3000 in my paypal account and never have had any problems. The refund system leaves something to be desired but thats one of those rocky roads to cross. I use it just for ebay mostly ...
  11. 3rdpath macrumors 68000


    Jan 7, 2002
    2nd star on the right and straight till morning
    never had a problem with it. fast and certainly easier than getting a money order at the bank.

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