Paypal

[doofus125]

Does anyone here have/use Paypal? How does it work? Are there any fee's?

 

[Pseud]

I had paypal. There are fees but it isn't terribly expensive.

You pay money into your paypal account, and then you can pay from that into other people's paypal account. You can withdraw funds from your paypal account into your bank account.

Somehow, someone got into my paypal account and used it to pay someone/themselves $500. I got the money back after some proceedings.
Either someone hacked into my paypal account (and no, i didn't fall for a fake e-mail scam), or it was an employee of paypal. Needless to say, I refuse to use paypal anymore and have terminated my account with them.

You might wanna run a search on google for some articles on paypal, off the top of my head, here's a thread at www.paypalsucks.com allegedly started by an ex-paypal mid-level manager.

http://www.paypalsucks.com/forums/showthread.php?fid=6&tid=1529&old_block=0

Obviously this post is biased, because I'm against paypal, there may be some good articles about paypal out there

 

[Inspired]

Does anyone here have/use Paypal? How does it work? Are there any fee's?

There aren't any fees if all you want to do is pay for stuff with a personal account. Now if you want to recieve payments, there are small fees.

I wouldn't use my checnking account, I use my Visa debit, so that way if something goes worng, Visa backs me up, 0% fraud liabilty.

 

[Inspired]

Also if use a debit card you don't even have to have money in your paypal account, they pull it straight from your account to pay for the purchase.

 

[enslow]

I used PayPal once, but never used it since. About a month ago I started getting spam from PayPal, about 4-5/day. I had to change my e-mail addy to get rid of it.

 

[doofus125]

Ok, here is the situation.....I need to use paypal, I dont' care about the bad reps at this point......I don't have any credit cards or a debit card either, all I have is a regular ATM card.......I just need to know what is required to deposit money into paypal to make a couple of payments and if there are any fees involved in that aspect..........I can get access to someones credit card to put money onto paypal, I just don't know how the whole thing works......

Thanks

 

[Word of Peace]

Does anyone here have/use Paypal? How does it work? Are there any fee's?

It depends on what you're using it for. It's free for personal money transfer (no credit cards). For personal accounts w/ cc transfer, or auctioneers and merchants, I believe they take a small percentage off of what you earn, plus a tiny fee ($0.30 IIRC). (W/ the business package, the "commission" rate is higher AFAIK.)

(I'm sure you'll get better answers than this one, but just in case...)

 

[Word of Peace]

Ok, here is the situation.....I need to use paypal, I dont' care about the bad reps at this point......I don't have any credit cards or a debit card either, all I have is a regular ATM card.......I just need to know what is required to deposit money into paypal to make a couple of payments and if there are any fees involved in that aspect..........I can get access to someones credit card to put money onto paypal, I just don't know how the whole thing works......

Thanks

No fees - a personal account is free. Just go to http://www.paypal.com/ and sign up for a free account. From the PayPal site:

Just enter the recipient's email address and the amount you wish to send. You can pay with a credit card or checking account.

The recipient gets an email that says "You've Got Cash!" Recipients can then collect their money by clicking a link in the email that takes them to https://www.paypal.com.

 

[seebs]

Most of the time, it's credit cards, not debit cards, that have low fraud liability.

My one caveat about paypal is that they are essentially spammers, and they have a poor track record of fraud handling and privacy issues. I don't trust them.