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dreamaker
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« on: February 12, 2015, 09:24:43 AM » |
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I just did a transaction with a fair chunk of cash, at least for me, and found out it put me -$2600 in the hole. The PayPal took the cash out of the wrong account, which put me in the neg. balance. Talk about chest pains!! Any way, I am not suggesting that PayPal is bad, not at all!! If you have PayPal, and may have multi sources in it to transfer funds, make sure your setting are set correctly before you pay for anything. Check that your primary is correct and not make the mistake I did. PayPal is revamping their pages, that is where I got lost and thinking I checked, when I didn't. Fortunately I check my accounts often, and caught it before the lack of funds process started and cost me some cash. FYI!!!
PayPal is a good, and most important, safe way to pay for things online, and at the store, no one see your personal information when you buy things.
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hubcapsc
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Posts: 16802
upstate
South Carolina
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« Reply #1 on: February 12, 2015, 09:32:23 AM » |
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PayPal is a good, and most important, safe way to pay for things online, and at the store, no one see your personal information when you buy things.
Five or six years ago, my wife got ripped off $1000 for a horse saddle paid for with paypal.
A paypal dispute was initiated by us, paypal agreed with us, and they sent us $200 and
revoked the looser.
They've since revoked me, since I finally exceeded my "paypal sending limit".
I don't care much for paypal, or its supposed "protections"...
-Mike
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dreamaker
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« Reply #2 on: February 12, 2015, 09:48:18 AM » |
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I don't understand the spending limit thing, but I have been with PayPal from almost the beginning, and have done many, many transactions and have never had an issue, just this recent one, but it was my fault. We worked it out quickly with a solution. No disrespect, they are not their to baby sit us, they just give us a safe avenue to buy things, we still must be vigilant and do the research before buying things. But there is always that exception to the fact to deal with, like maybe your case.
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hubcapsc
Member
Posts: 16802
upstate
South Carolina
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« Reply #3 on: February 12, 2015, 10:05:30 AM » |
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I don't understand the spending limit thing, but I have been with PayPal from almost the beginning, and have done many, many transactions and have never had an issue, just this recent one, but it was my fault. We worked it out quickly with a solution. No disrespect, they are not their to baby sit us, they just give us a safe avenue to buy things, we still must be vigilant and do the research before buying things. But there is always that exception to the fact to deal with, like maybe your case.
Not s pending limit, sending limit... google "paypal sending limit"... You've probably linked them to your bank account or submitted to getting one of their credit cards... otherwise, you'll soon hit your limit... -Mike |
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Hooter
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« Reply #4 on: February 12, 2015, 10:33:55 AM » |
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Got screwed out of $450.00 using Pay Pal...Never again.
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You are never lost if you don't care where you are!
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BF
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« Reply #5 on: February 12, 2015, 10:41:34 AM » |
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Got screwed out of $450.00 using Pay Pal...Never again.
How so? I've also used PayPay for year with no problems. |
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I can't help about the shape I'm in I can't sing, I ain't pretty and my legs are thin But don't ask me what I think of you I might not give the answer that you want me to  |
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Hooter
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« Reply #6 on: February 12, 2015, 11:03:11 AM » |
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Almost the same way Hubcapsc did only mine was car parts. Hard to find car parts.
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You are never lost if you don't care where you are!
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Woton
Member
Posts: 410
1997 Tourer Pearl Green/Pearl Ivory "BRNHLDE"
Central North Carolina
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« Reply #7 on: February 12, 2015, 12:23:03 PM » |
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I don't understand the spending limit thing, but I have been with PayPal from almost the beginning, and have done many, many transactions and have never had an issue, just this recent one, but it was my fault. We worked it out quickly with a solution. No disrespect, they are not their to baby sit us, they just give us a safe avenue to buy things, we still must be vigilant and do the research before buying things. But there is always that exception to the fact to deal with, like maybe your case.
While I'm always up for a good butt pucker  I've never had a problem with PayPal. I've sent and received money, and of course use them for Ebay purchases. I can direct payment from my checking or my MasterCard account. Like all financial transactions I DO keep an eye on things via my online sources. I've not been burned to date, and I agree with Dreamaker that vigilance on any online transaction is MY job... |
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"Ride Smart - Ride Safe"
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hubcapsc
Member
Posts: 16802
upstate
South Carolina
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« Reply #8 on: February 12, 2015, 12:31:52 PM » |
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I don't understand the spending limit thing, but I have been with PayPal from almost the beginning, and have done many, many transactions and have never had an issue, just this recent one, but it was my fault. We worked it out quickly with a solution. No disrespect, they are not their to baby sit us, they just give us a safe avenue to buy things, we still must be vigilant and do the research before buying things. But there is always that exception to the fact to deal with, like maybe your case.
While I'm always up for a good butt pucker I've never had a problem with PayPal. I've sent and received money, and of course use them for Ebay purchases. I can direct payment from my checking or my MasterCard account. Like all financial transactions I DO keep an eye on things via my online sources. I've not been burned to date, and I agree with Dreamaker that vigilance on any online transaction is MY job... This works because you've linked them to your checking account? -Mike |
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Woton
Member
Posts: 410
1997 Tourer Pearl Green/Pearl Ivory "BRNHLDE"
Central North Carolina
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« Reply #9 on: February 12, 2015, 01:05:38 PM » |
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Yes. There came a time some years ago when PayPal would no longer accept a credit card as the "primary" account. With some trepidation I agreed to provide my checking account info.
I am always given the choice at checkout when I use PayPal to choose from which account you wish the money drawn. 95% of the time I choose my credit card account. PayPal defaults to checking, but with one extra step I can select the credit card account.
I made the conscious decision to provide my checking account info to PayPal back in the day, and I have had no problems to date.
(The sound you may hear is me knocking on wood...)
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"Ride Smart - Ride Safe"
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signart
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« Reply #10 on: February 12, 2015, 02:35:29 PM » |
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You don't need to use your checking account, just use A checking account. Just open an account and use it for paypal only, it won't be screwed up with your household account. Fastest and easiest way to pay or be paid, I love it. I use the money from the stuff I sell, to buy stuff I need, tools, and parts online.
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« Last Edit: February 12, 2015, 03:13:03 PM by signart »
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Woton
Member
Posts: 410
1997 Tourer Pearl Green/Pearl Ivory "BRNHLDE"
Central North Carolina
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« Reply #11 on: February 12, 2015, 02:52:37 PM » |
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That's an excellent suggestion.  I appreciate the concerns of those that want to limit their online financial identity. And, clearly there's more than one way to skin the cat. |
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"Ride Smart - Ride Safe"
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dreamaker
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« Reply #12 on: February 12, 2015, 03:16:07 PM » |
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What I did, when I first joined PayPal I setup a checking account with no overdraft protection, just for PayPal transactions. When I was going to buy something, then it was only on EBay use, for example: If I bought something for a $100, I would transfer $112 in the account, but I always did my homework and check sellers feedback first. My rule is if feedback was less than 99.5% , I would not deal with seller, unless there negative feedback was based on stupid reasons. I still do things the same way, except now a days, PayPal has widen their coverage outside Ebay. I check Reviews, feedback, BBB, ResellersRatings. any thing I can before purchasing form someone. So far it has served me well at this point. Lot of greed out there, got to watch you butt.
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Bighead
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« Reply #13 on: February 12, 2015, 06:00:10 PM » |
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Yes. There came a time some years ago when PayPal would no longer accept a credit card as the "primary" account. With some trepidation I agreed to provide my checking account info.
I have been using PP for about ten years and only have a CC on my account no banking info and it still works today so I don't know where this comes from. I only had one problem with them and it was them trying to get me to give them my bank info because I had spent my PP limit of an "unsecured account" of $10K and I refused and told them if my CC only wasn't good enough I wouldn't use them anymore and to cancel my account and guess what I got an email saying my account would still be good and nothing other than my CC was needed  |
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1997 Bumble Bee
1999 Interstate (sold)
2016 Wing
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hubcapsc
Member
Posts: 16802
upstate
South Carolina
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« Reply #14 on: February 12, 2015, 06:04:46 PM » |
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Yes. There came a time some years ago when PayPal would no longer accept a credit card as the "primary" account. With some trepidation I agreed to provide my checking account info.
I have been using PP for about ten years and only have a CC on my account no banking info and it still works today so I don't know where this comes from. I only had one problem with them and it was them trying to get me to give them my bank info because I had spent my PP limit of an "unsecured account" of $10K and I refused and told them if my CC only wasn't good enough I wouldn't use them anymore and to cancel my account and guess what I got an email saying my account would still be good and nothing other than my CC was needed I called them and talked to them too. The little man on the phone said there was no way around it. I never tried to use it after that, I have a 100% good eBay rating, didn't want to bid on something and then be unable to pay for it. I hit the limit four or five years ago, my credit card has hit the expiration date since then, I'm not planning on feeding them the new one... -Mike |
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dreamaker
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« Reply #15 on: February 12, 2015, 06:17:58 PM » |
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Yes. There came a time some years ago when PayPal would no longer accept a credit card as the "primary" account. With some trepidation I agreed to provide my checking account info.
I have been using PP for about ten years and only have a CC on my account no banking info and it still works today so I don't know where this comes from. I only had one problem with them and it was them trying to get me to give them my bank info because I had spent my PP limit of an "unsecured account" of $10K and I refused and told them if my CC only wasn't good enough I wouldn't use them anymore and to cancel my account and guess what I got an email saying my account would still be good and nothing other than my CC was needed I called them and talked to them too. The little man on the phone said there was no way around it. I never tried to use it after that, I have a 100% good eBay rating, didn't want to bid on something and then be unable to pay for it. I hit the limit four or five years ago, my credit card has hit the expiration date since then, I'm not planning on feeding them the new one... -Mike If by chance you were thinking to use your PayPal, just a suggestion, get one of those Bozo spend what you got in it refillable Debit cards. That way you don't have to use your regular Credit Cards. Just put in it how much you need to pay for items. That way they can't steal what you don't have. |
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hubcapsc
Member
Posts: 16802
upstate
South Carolina
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« Reply #16 on: February 12, 2015, 06:33:35 PM » |
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Yes. There came a time some years ago when PayPal would no longer accept a credit card as the "primary" account. With some trepidation I agreed to provide my checking account info.
I have been using PP for about ten years and only have a CC on my account no banking info and it still works today so I don't know where this comes from. I only had one problem with them and it was them trying to get me to give them my bank info because I had spent my PP limit of an "unsecured account" of $10K and I refused and told them if my CC only wasn't good enough I wouldn't use them anymore and to cancel my account and guess what I got an email saying my account would still be good and nothing other than my CC was needed I called them and talked to them too. The little man on the phone said there was no way around it. I never tried to use it after that, I have a 100% good eBay rating, didn't want to bid on something and then be unable to pay for it. I hit the limit four or five years ago, my credit card has hit the expiration date since then, I'm not planning on feeding them the new one... -Mike If by chance you were thinking to use your PayPal, just a suggestion, get one of those Bozo spend what you got in it refillable Debit cards. That way you don't have to use your regular Credit Cards. Just put in it how much you need to pay for items. That way they can't steal what you don't have. Its just too many hoops to jump through. Amazon sends stuff right away, if its not right they make it right, and my only-credit-card-I've-ever-had-only-one-I-want is good enough for them. ebay is good for unobtainable motorcycle stuff, 75% of the motorcycle people look at my feedback and deal with me without paypal. I miss out on the rest, but that's OK. -Mike |
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dreamaker
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« Reply #17 on: February 12, 2015, 06:49:31 PM » |
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Understood, makes sense.
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johnhunter44
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« Reply #18 on: February 12, 2015, 06:52:04 PM » |
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Another problem with PayPal is you waive your rights under your credit card company to contest a transaction and allow paypal to mediate. If you dispute a charge with your credit card company, you sign an affidavit and the charge is removed. You have better protection with the credit card company, and as far as linking my bank account? NO WAY JOSE!
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Chrisj CMA
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« Reply #19 on: February 12, 2015, 07:27:08 PM » |
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I used to have a Paypal account. Well, technically I still do theres just no card or account associated with it. I still get notifications every once in a while that if I don't square it away they will cancel it. OH MY! Go right ahead, see, one day I was looking over a credit card bill I had just received and there was a 400 western union bill on it. I have never done a Western Union transfer n my life. So I called the card customer service and they said they were fixin to contact me about it. Seems they see Paypal doing this often. A one dollar charge followed by a larger one. So I looked, sure enough the day before was a one dollar chage.
NO PAYPAL NO WAY
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Jess from VA
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« Reply #20 on: February 12, 2015, 08:46:19 PM » |
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Never had it, don't need it.
Just from this thread, if 5-10% have problems, that's too many for me.
Same for evilbay.
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Woton
Member
Posts: 410
1997 Tourer Pearl Green/Pearl Ivory "BRNHLDE"
Central North Carolina
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« Reply #21 on: February 13, 2015, 04:55:00 AM » |
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This has been an enjoyable thread. I'd be interested in knowing if a study has been done on the typical Ebay customer - not only the income and education type of thing but also the risk tolerance.
Just checked, and I have just over 200 positive feedbacks from my Ebay transactions - all buying, I've never sold anything. I'm not a gambler by nature (the occasional poker run notwithstanding) but Ebay IS a gamble - from purchasing unseen items typically from a perfect stranger to paying for the transactions through PayPal.
I guess I ease any concerns I have by knowing that I am VERY anal about my finances. I've used Quicken for 20+ years and keep check of my bank accounts and credit cards routinely online. I know I can't keep someone from selling me a piece of crap if they are able to fool me on Ebay, but I feel I'd catch something unusual going on regarding the payment pretty darned quickly.
So, with Ebay and PayPal I choose to bring this risk onto myself. With due vigilance it has enhanced my life to some degree, and again I have not been burned to date. Finally, while I admit I don't fully understand their reasoning I do respect those who exercise the right to choose not to participate.
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"Ride Smart - Ride Safe"
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ricoman
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« Reply #22 on: February 13, 2015, 05:12:31 AM » |
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I just did a transaction with a fair chunk of cash, at least for me, and found out it put me -$2600 in the hole. The PayPal took the cash out of the wrong account, which put me in the neg. balance. Talk about chest pains!! Any way, I am not suggesting that PayPal is bad, not at all!! If you have PayPal, and may have multi sources in it to transfer funds, make sure your setting are set correctly before you pay for anything. Check that your primary is correct and not make the mistake I did. PayPal is revamping their pages, that is where I got lost and thinking I checked, when I didn't. Fortunately I check my accounts often, and caught it before the lack of funds process started and cost me some cash. FYI!!!
PayPal is a good, and most important, safe way to pay for things online, and at the store, no one see your personal information when you buy things.
Good explanation of what happened. I have two accts for paypal and when I pay for something I always have to check which acct to use. There are problems with paypal, I sure, What I see here and other places is that the Paypal account holder does not know what he/she is doing much of the time. Paypal won't/can't take your money if you don't OK it. People say they get screwed by paypal when they buy something. That is not correct-Paypal is a payment facilitator, not a seller. So if you bought junk, be pissed at the seller, not paypal. If you don't want to use Paypal, just send the seller a check (or money order), wait for it to clear his acct and then pray he remembers to ship your stuff. The reverse is true, sell something, wait for the check in the mail, wait for the check to clear and you're done a week or so later. If you don't know or want to bother to learn how to use paypal-just stay away. Amazon is a good place to shop-do you know Amazon keeps your credit card info on file? This does cause me concern, what with the hacking success lately. |
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« Last Edit: February 13, 2015, 05:14:22 AM by ricoman »
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take personal responsibility and keep your word
98 Tourer, black and chrome, added 8/11/10
98 Std, yellow/cream, totaled 8/3/10
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dreamaker
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« Reply #23 on: February 13, 2015, 05:42:22 AM » |
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Real good points!!!! If you don't like or feel comfortable don't use it, My point was just to remind people, that do have and use PayPal to remember to make sure your setting are right before hitting PAY.
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dreamaker
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« Reply #24 on: February 13, 2015, 12:22:42 PM » |
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I am still going around with PayPal, trying to straining things out. Which in the back of my head thinking, being honest it is a pain and I have the facts. So if someone trying to scam my account, it is not going to be easy for them. Any way, I was watching TV they got a new gadget called the carrot, I guess it originated here in Royal Oak, MI. Coming to your neighborhood soon, it detects your phone and sends a massage to it, it tracks how many steps you did, and when you reach a certain amount, you get a free cup of coffee. I learned this along time ago, if you want to beat a criminal, you must think like a criminal. The trick is not to become one. So my point is how to screw the pooch!!! That carrot unit I see other possibilities for it, so if I can see that, than they can see that. So the big picture is, I would worry more about my Smart phone getting hacked rather than my PayPal. I only got part of that story, so I know there is more to it, just another way to get in to our wallet.
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hubcapsc
Member
Posts: 16802
upstate
South Carolina
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« Reply #25 on: February 13, 2015, 01:16:13 PM » |
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I would worry more about my Smart phone getting hacked rather than my PayPal.
I only have a can with a string on it.
You should worry about your smart phone getting hacked.
-Mike
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