I buy and sell on line....a lot.....I have for many years, well over 10.
I got started when I heard of something called Ebay......but then there was no PayPal,
and I had to pay by debit card......well some how my bank acct was hacked and I lost all my money for nearly 2 weeks, I had overdrafts out the ying yang....but the bank came thru and wrote off the overdrafts and finally after almost 2 weeks I got my money back...........Then I was at the post office and ran into a guy I hadn't seen in a few years and he had started his own online business and he was telling me of this great payment company called PayPal.......He had went from being nearly destitute to racking in over 2 grand every couple of days. So I checked into it and read their terms and it all seemed ok except that if they thought you were doing anything illegal they would close your account and take your money....that did not hardly seem right............Right now your wondering why I love them .....well....read on......
I heard a few weeks later that this acquaintance had lost over 10k to PayPal because they thought he was selling drugs over the internet...it seemed logical to PayPal because he started out making less than $100/month 3 months ago and now he was doing 10K every few days.....so they seized his account........
After a long drawn out battle he got his money back and his attorney fees paid and he actually profited since all went his way.......there was absolutely nothing in the news about this but I got to see the documents as we hung out at the same club and he was proud of his victory.....
So I joined PayPal and used it for buying online as it kept my debit card info hidden from the companies I was buying from....then I got sold some real junk and luckily I had made a screen shot of the auction and sent it to paypal and ebay because the seller was refusing a refund on an improperly described item....(counterfeit memory cards)......took all of 3 days to get money back.....
Now I am feeling good about using them as they were instrumental in getting my refund....then my account was hacked and a couple of idiots in Germany bought several hundred $ worth of cell phone components...and again I had overdraft charges.
Well I took in PayPal's number and my bank called them and the overdrafts went away, that day, and all my bills were paid on time...PayPal agreed to get my money back from Germany, so my bank went ahead and authorized an advance into my account for the missing money...PayPal came thru again.....
I have had no problems since....I really like the fact that i can buy online and no one gets my bank info but PayPal....I do not have to enter any info on selling sites I am visiting to purchase.......
I still feel they are the safest way to shop online and I rad all the PayPal sux sites and all the disgruntled reports, but what I have found is that well of 90% of all the disgruntled reports are from idiots that do not comply with the use of PayPal....most of them sell items and only accept payment thru PayPal as a gift to avoid paying the PayPal fees.....PayPal as far as I know does not prosecute for this but they will shut down your account.........
As I said I am a PayPal fan and I do not accept any other payment method for online purchases, monthly payments on wedding bookings and such........also it means that I never saw or had privy to my clients Credit Cards or bank info....one less theing I need to worry about.
Have a fantastic NEW YEAR!!!!
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