Don't use "BidPay"!!!!

[Scott Stevens]

On Thu, 22 Sep 2005 09:42:43
"Joe R." <rigdonj at cfl.rr.com> wrote:

> At 07:01 PM 9/21/05 -0400, Glen wrote:
> >Joe, I knew you were going to put in your 2 cents worth
> >on this subject sooner or later . . . ;-)
> 
>   Yeah, you know what I think of PP!
> 
> 
> > > Months later E-bay pulled $800 from
> > > the seller's account for the transaction with no explaination.
> 
> >Solution: don't keep funds in your PayPal account.
> 
> >As a seller, I do a few dozen PayPal transaction each
> >month, mostly to buyers outside the USA.  In fact, when
> >I get a large (over $200) order from my web site from
> >a first-time non-USA buyer who wants to use a credit card,
> >I will usually insist that they use PayPal instead (since I
> >have near-zero recourse if the buyer uses a hot credit
> >card).
> 
> >At the end of the day, I transfer all of my PayPal
> >receipts to my bank account, so PayPal can never
> >"seize" my funds.
> 
>   First, having to transfer funds out of your account every night is a
> PITA! Especially for someone that only uses PP occasionally. Second,
> how do you stop them from taking the funds out of a future payment? 
> What are you going do if they do take the funds from a future payment,
> refuse to ship the merchandise to that buyer? For me it's a lot easier
> to refuse to take PP and insist on a money order, check or cash.
> 
>      Joe
> 
You can get a 'PayPal Visa Debit' card and yank the money right out at
an ATM.  ATM fees and what-not apply of course.  'Tether' the PayPal
account to yourself only with a 'throwaway' checking account that you
keep a low balance in, to be certain.

My direct experience with PayPal has been (I no longer do any selling,
but was selling a LOT on eBay up to about a year ago) with my PayPal
Debit card, auction buyers would pay the price and shipping amount, and
I could use the PayPal debit card to pay the shipping, then pull the
cash out by the ATM method (or buy gas for the car with it).

But a lot of other people have 'bad stories' that they hear, have
experienced, etc. with PayPal.  I just haven't suffered personally.