What exactly is paypal? |
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What exactly is paypal? |
scooter311 |
Feb 21 2005, 10:26 AM
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#1
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Member Group: Members Posts: 231 Joined: 22-October 04 From: Upstate NY Member No.: 2,986 |
Stop laughing at me (IMG:http://www.914world.com/bbs2/html/emoticons/rolleyes.gif)
So what is it, is it safe, and where do I sign up for it? And are there different paypals for different transactions, like for Ebay versus private transactions? I know, I know - I don't even have a cell phone yet...... (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) |
seanery |
Feb 21 2005, 10:29 AM
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#2
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waiting to rebuild whitey! Group: Retired Admin Posts: 15,852 Joined: 7-January 03 From: Indy Member No.: 100 Region Association: None |
it's just a payment service.
Ebay owns them now. Sign up at Paypal.com. it's as safe as any other electronic payment service. You can send payment to anyone with an email address. |
Bleyseng |
Feb 21 2005, 10:29 AM
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#3
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Aircooled Baby! Group: Members Posts: 13,034 Joined: 27-December 02 From: Seattle, Washington (for now) Member No.: 24 Region Association: Pacific Northwest |
Its a great deal, see you sign me up as your "pal" then send me lots of "pay". Its a win win thing, you get a pal and pay me.
Just go to Paypal and sign up. It is hooked to a credit card or a bank account and works pretty damn good and is safe. Geoff (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) |
eric914 |
Feb 21 2005, 10:32 AM
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#4
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Member Group: Members Posts: 381 Joined: 28-January 04 From: Waynesville OH Member No.: 1,613 Region Association: Upper MidWest |
It's like an online bank or maby Western Union. It is owned by Ebay now. You sign up on their sight. Their are different levels but they mostly affect you if you intend to sell allot of stuff and want to accept credit cards for payment.
I have used it for about 2 years for both ebay and privet transactions. It can be convenient and your credit card info is not disclosed to people you are buying from. |
davep |
Feb 21 2005, 10:32 AM
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#5
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914 Historian Group: Benefactors Posts: 5,141 Joined: 13-October 03 From: Burford, ON, N0E 1A0 Member No.: 1,244 Region Association: Canada |
There is one membership for just making payments.
There is another if you want to receive payments as well. Don't keep much credit with them if you can. So far I have been lucky, others have not been. Now that Ebay runs it it is much better than before. It acts somewhat like a bank but does not have to follow the same regulations. |
boxstr |
Feb 21 2005, 10:34 AM
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#6
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MEMBER:PACIFIC NORTHWEST REGION Group: Members Posts: 7,522 Joined: 25-December 02 From: OREGON Member No.: 12 Region Association: Pacific Northwest |
Think of PAYPAL as a bank that holds your funds to help pay for different transactions, whether it be ebay or a private sale. They do charge for facilitating these transcations. But if you know what you are doing you can offset those costs.
It is much easier than going to hte bank or post office and getting a MO or cashiers check and having to send that. I have used it since its inseption and I reccomend it to anyone who is going to be selling or buying items on the internet. Be careful. If you sign up and have a PAYPAL account, neve rgive out any information, such as your private id or codes or acct names or numbers to anyone asking for them. There are scams that will email you and they use the PAYPAL logo and it looks legit, but it is not. If you want more info PM me. CCLINPAYPALMONEY |
lapuwali |
Feb 21 2005, 10:41 AM
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#7
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Not another one! Group: Benefactors Posts: 4,526 Joined: 1-March 04 From: San Mateo, CA Member No.: 1,743 |
It's reasonably safe. They just transfer money, and can do so from a credit card, a checking account, or even from money they're holding for you. This means a normal person can be paid by credit card w/o the receiver having to do anything other than have a Paypal account. They're NOT a bank, legally, and they have none of the legal or insurance protections of banks, but they do a fairly decent job of handling customer problems.
You can use them for any transaction, not just Ebay. All you need is the receiver's Paypal account name, which is always an email address, to send them money. Works very well internationally, too. I've sent money to Australians and Europeans in dollars, Euros, pounds, and Australian dollars painlessly. |
SLITS |
Feb 21 2005, 11:01 AM
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#8
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"This Utah shit is HARSH!" Group: Benefactors Posts: 13,602 Joined: 22-February 04 From: SoCal Mountains ... Member No.: 1,696 Region Association: None |
It's a Nigerian scam........ (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif)
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SteveL |
Feb 21 2005, 11:21 AM
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#9
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Senior Member Group: Members Posts: 658 Joined: 7-August 03 From: Andover, MN Member No.: 991 Region Association: None |
Not to hijact the thread, but this is sorta related:
I wen to ebay to set up a sellers accoun t, and they wat bank account # and routing #, in addition to a credit car???? This sounds pretty risky to me. Do they have the ability to remove funds from your bank account? Thanks |
redshift |
Feb 21 2005, 11:24 AM
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#10
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Bless the Hell out of you! Group: Members Posts: 10,926 Joined: 29-June 03 Member No.: 869 |
Paypal sucks as bad as any scam out there now.
Ebay also sucks.. here, let's tax people 18 times... that should take the profit out! M |
scooter311 |
Feb 21 2005, 11:35 AM
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#11
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Member Group: Members Posts: 231 Joined: 22-October 04 From: Upstate NY Member No.: 2,986 |
"Yeah, what Steve says" - can they pull from your checking account? If that's true then "Yeah, what Miles said"
I'd rather pay the kwickie mart 40 cents then hafta pay some fees or taxes and have some 'fiduciary' risks involved. Is 'fiduciary' a word? |
spare time toys |
Feb 21 2005, 11:40 AM
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#12
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hooked on grilling food. Group: Members Posts: 4,059 Joined: 3-April 04 From: West Plano Tx Member No.: 1,884 Region Association: Southwest Region |
It sucks (IMG:http://www.914world.com/bbs2/html/emoticons/flipa.gif) my sister runs a side business and they have frozen her account. She has proven to them with thier own records they are wrong and they will not un freeze her account. They also blocked all her Ebay sales and dropped all the items she had listed. I plan to stop using it.
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mrihop |
Feb 21 2005, 11:56 AM
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#13
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Member Group: Members Posts: 265 Joined: 6-November 04 From: Pahrump, NV Member No.: 3,068 Region Association: None |
Is your sister's issue IRS related? |
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boxstr |
Feb 21 2005, 12:00 PM
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#14
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MEMBER:PACIFIC NORTHWEST REGION Group: Members Posts: 7,522 Joined: 25-December 02 From: OREGON Member No.: 12 Region Association: Pacific Northwest |
Your always going to get the good and bad sides of PAYPAL and ebay. If you want the conveinece of an easy quick way to collect or send funds then go for it, it you want to go to the bank or PO then don't use it.
CCLINWHATEVER |
Rand |
Feb 21 2005, 12:15 PM
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#15
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Cross Member Group: Members Posts: 7,409 Joined: 8-February 05 From: OR Member No.: 3,573 Region Association: None |
I've used Paypal for five years. It's reliable and secure for taking or making payments. I have a Paypal debit card tied to my account, so if someone pays me I can go to an ATM and pull cash out immediately or just use the card anywhere that takes credit cards. I can take payments online at my web site, people can pay with any debit or credit card... from my experience, it's a great service.
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bondo |
Feb 21 2005, 12:40 PM
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#16
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Practicing my perpendicular parking Group: Members Posts: 4,277 Joined: 19-April 03 From: Los Osos, CA Member No.: 587 Region Association: Central California |
Paypal tip: whenever you buy anything from anyone you don't absolutely trust using paypal, use a credit card. NOT a paypal balance transfer or checking account transfer. If you get screwed, paypal will ignore you until you go to your credit card company and do a chargeback. That is the only way to get their attention.
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scooter311 |
Feb 21 2005, 02:38 PM
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#17
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Member Group: Members Posts: 231 Joined: 22-October 04 From: Upstate NY Member No.: 2,986 |
Hmmmmmm
I'll prolly end up getting an account then. Sending a money order once in a while is fine, but getting a few different things from different people, or overseas seems easier using paypal. Thanks y'all (IMG:http://www.914world.com/bbs2/html/emoticons/boldblue.gif) |
redshift |
Feb 21 2005, 02:44 PM
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#18
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Bless the Hell out of you! Group: Members Posts: 10,926 Joined: 29-June 03 Member No.: 869 |
Open a second bank account, get all the protections on it... keep that account barely serviceable.
Make that your PayPal thing, and never leave enough for Nigeria. M |
GWN7 |
Feb 21 2005, 04:00 PM
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#19
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King of Road Trips Group: Members Posts: 6,280 Joined: 31-December 02 From: Winnipeg, MB, Canada Member No.: 56 Region Association: Northstar Region |
Paypal has 3 levels of service.
First is if you want to send money from your account and receive money from others accounts. Basicly free. Second is if the people paying you want to use a credit card to pay you (if they don't have enough cash in their Paypal account). Costs you more in fees. Third is the Business Account, don't know about it.... The good: fast transfers of cash to and from your account. Buyer protection if you buy something and don't receive it. The Bad: There debit card is only available to US residents. They will only transfer money to and from your account in the currency of your country. I have a US $ account here and wanted to transfer money from my Paypal account to it. They converted it to CDN $'s (a 3% fee) So when I want to buy materials in US $'s (from a non paypal account) it cost me another 3% to convert it back into US $ (Total 6%) And add in the 2.9% + .30 per transaction fee to accept Paypal payments. It can cost me almost 10% of every purchace in fees. They pay no interest on money you have in your "account". If you have a problem with your account, they take 4-5 business days to respond to your emails. Anyone can file suit against you and paypal will freeze your account and you can't access any of your money. (Didn't happen to me, but I know of some people who it has happened to) use them, yes but be carefull |
spare time toys |
Feb 21 2005, 05:50 PM
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#20
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hooked on grilling food. Group: Members Posts: 4,059 Joined: 3-April 04 From: West Plano Tx Member No.: 1,884 Region Association: Southwest Region |
No Its just a dispute with them. They hold all the cards and if you dont like what they do youre frozen untill you come to your sences and realize they own you. (IMG:http://www.914world.com/bbs2/html/emoticons/finger.gif) |
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