by admin » Thu Mar 12, 2009 9:59 am
I will never do buisness with Pay Pal again (as a buyer or a seller). They cost me about $8,000 in money they just took out my account, after locking up the entire account for 6 months for a "review". If you sell something using pay pal, no matter how many contracts you have, no matter if they had already received the good or services, Pay pal can just give your money back at any time. In other words, no sale is ever final with pay pal. Even better, they will charge you for helping someone take your money.
Your money is completely unsecured, and any whim of one of their account reps and they will wipe your account out. They use to also wipe out peoples linked bank accounts, before the New York attorney general sued them. If you read the fine print, you have absolutely 0 recourse. They are not a bank, but act like one. They are currently under investigation by multiple State attorney generals offices, and are constantly on the verge of being shut down for different types of consumer fraud (the company, not just the users).
I have been using Google Checkout for a couple of years now without a single problem, both my clients and I love it.
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