Yup, so paypal just stole $675 from me.

[CRog075]

Dear Betty Rogers,

We have completed our investigation regarding the
the following transaction and have cancelled the reversal.

Transaction Date: Apr 5, 2003 11:57:56
Transaction Amount: $675.00
Buyer's Email: [email protected]

Thank you for your patience during this process and for helping
to make PayPal the safest and most trusted online
payment solution.

Thank you,

PayPal Account Review Department



heheh yeee haw! :)

[NewMag]

Congrats man!

[CRog075]

Thanks :)

[Star_Base_CGI]

And what did we learn from all this?

[1stdeadeye]

What did we learn?

SAVE YOUR RECEIPTS!!!

[shartley]

[SpongeBobSquarePants]

Glad to here it man, now get all of your money out and close the damn thing. Only use MOs from now own or at least dont ever use anything more then 100 bucks you are one of the luckey ones

[CRog075]

lol @ u guys

I learned to not use paypal any more, and use MO's from now on

Oh yeah, to keep receipts too :)

[crankydan]

No, what you need to do is Read the rules for Paypal. Paypal works for both parties. I dont know about you, but there is "NO" way Im sending a money order to someone without confirmation that the product was sent with tracking number assigned. I have had one guy try to rip me off with Paypal and guess what, I got my money back with one piece of paper. Its called a reversal/charge back, the seller only had to provide proof of shipping and that someone actually received it and he would of been off the hook. No, there isnt a better way IMO to order from people that you dont know. If you are a buyer, youre Credit Card company provides the same service(this really pisses paypal off), and they "will" get youre money back.

[Star_Base_CGI]

Originally posted by CRog075
lol @ u guys

I learned to not use paypal any more, and use MO's from now on

Oh yeah, to keep receipts too :)

PayPal is not a bank. They can do whatever they want with your money. As proven. If they went belly up tommorow, what would be your recourse?

[dansim]

i would get my money out of them because there are some laws in this country that protect teh consumer, if paypal went belly up it would be without paying there customers, and i dont forsee them going belly up charging 3% on the dollar, you sir are misinformed

[1stdeadeye]

Dansim,
I think what he means is that Paypal is not a bank, but a business. As such, there is no insurance on the money you hold with them. Were there to be an Enronesque scandal and Paypal were to be closed, however unlikely that is, you would not be covered for your losses. You would become just another creditor in their bankruptcy. With a federally insured bank account, you are guaranteed your money by Uncle Sam. That coverage costs banks money. Paypal doesn't offer that type of protection for your money.

P.S. Paypal is in serious crap for flouting the USA PATRIOTS Act identification requirements!