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weisyboy
That seems to be a common problem with PayPal.
Very bad for a seller. Not much better for a buyer as you do not get your money back if the seller is a scam and has withdrawn the funds and shot through.
According to the 'Round table' discussion board on E-Bay.
mmm it is evil.
so are the banks
Last weekend I was informed by the Austrian company that owns my USA website, that I had two months to convert my VeriSign credit card safe page, to a Paypal one, through their Swiss auxiliary company.
In my industry, in this country, there are about 9 manufacturers using this company website, a quick ring-a-round in this last week shows, all except one, has pulled or is about to pull from the website.
When I questioned the veracity of their reasoning behind this worldwide decision, their rep really was lost for words.
As PayPal doesn’t have a banking licence in this country, he was unable to dissuade me from pulling out. I believe that there were around 900 manufacturers world wide using this site, there are about 8 less that I know of, or will be in about 2 months.
Unfortunately, from a safe, secure, financial transaction viewpoint, within a normal banking practice accountability situation, PayPal doesn’t cut it.
Legal redress, if required, is virtually impossible.
Mick.
Ps-I have used PayPal to purchase items from individuals around the world, and will continue to do so. All PayPal purchased transactions I’ve done, have been through specialist forums like this one. PayPal is a reasonably good system, just not as strong as the banking systems I’ve used around the world.