posted on February 1, 2001 07:54:51 PM new
There is no reason that this company needs a person's bank account number nor do they need to set up some kind of account. When I questioned them about this they sent me their FAQs, but did not respond about why they could not could not accept perfectly good credit card information without by bank account number. There is something wrong with a company that cannot verify the validity of a credit card. Just to satisfy my curiosity, I'm trying them one more time for a small Ebay purchase and then canceling that credit card. Who knows what they are really doing with that kind of improper information.
posted on February 1, 2001 08:02:39 PM new
They require a bank account number to prevent fraud in the PayPal system. There is no way to know that a user's credit card is 'perfectly good'. However, they can show more trust in a user who has a US bank account, as this provides an avenue to pursue fraud, and it discourages the common theft of large numbers of credit card numbers from stolen credit card databases. Thieves will typically acquire dozens of credit card numbers; open accounts in PayPal with EACH card and start buying -- all with the intent to acquire valuable merchandise which can be resold relatively easily.
[ edited by RatCat on Feb 2, 2001 05:16 AM ]
posted on February 17, 2001 06:57:19 PM new
WELL.. THEY REQUIRE IT FOR PROTECTION HA !! I BOUGHT FROM A VERIFIED PREMIER BUSSINESS MEMBER OF PAY PAL OFF EBAY LOST 189.00 AND I DID ALL THE PAPERWORK PAY PAL REQUIRED AND AFTER 3 MONTHS THEY TOLD ME YOU WILL NOT BE COVERED.. THEY OFFER NO PROTECTION AT ALL.. I QUIT PAY PAL AND I SUGGEST YOU LOOK INTO WHAT I AM TELLING YOU CAUSE I DONT WANT ANYONE TO BE RIPPED OFF AGAIN..THEY HAVE ABSOLUTLY NO PROTECTION FOR BUYERS OR SELLERS.. I AM BOTH AND I LOST BOTH WAYS... BILLPOINT IS SAFE CHACK IT OUT.. AND MAN THEY DEPOSIT REAL FAST...I GET IT IN USUALLY 1-2 DAYS
posted on February 23, 2001 04:13:27 AM new
If reading the negative Paypal posts upsets you got to this story about PayPal! http://www.salon.com/tech/feature/2001/02/23/pay_pal/index.html
