I wanted to warn all you guys about paypal. Some of you may already know this since they have screwed you over in the past. The story is below


I purchased a part from a member on corvetteforum. The member gave me the wrong email address. I sent paypal payment for $300. The member tells me he didnt receive it and resends his email address, correctly this time. I realize that another person with the incorrect email has received payment via paypal. I call paypal to get the payment reversed before the wrong recipient can take the money out. Paypal says there is nothing they can do and that once I have initiated the payment unless the recipient refunds the payment I am out of luck. I contact the guy I sent the money to via email and immediately start a resolution case on paypal. The guy that got the payment has not contacted me back and paypal emailed me today saying that they have decided there is not enough evidence to decide in my favor in the case. I cant believe that it is so easy for someone to get money erroneously and cant believe that me, as the initiator of a cash payment, can not retract that payment when I realize a mistake. The payment was sent last Sunday and it took them less than a week to decide I had not case. That is the quickest resolution I have ever seen. I will continue to pursue this and really wish there was some other widely acceptable internet payment solution so I could quit using them but unfortunatly I am stuck with thier high fees, crazy policies and unfair decisions. I just wanted to let everyone know before it happens to you. Thank God it was not $3000.

 

When it comes to taking your money, Paypal is very quick and convenient. But when it comes to resolving something or getting your money back, they're almost always useless. They've always been that way. Too bad they're like the only one of its kind (the most popular one).

 

Always use a credit card when using paypal, that was the CC company has your back rather then paypal using your bank account.

 

What if the guy deliberately sent the wrong address?

 

go through your bank... they might be able to help you./

 

thankfully i haven't had any bad experiences with paypal transactions. i did send the wrong email address once, a typo, but the payer verified back to me and all was good...

 

I got scared once. There was a deal on a South Beach Hamilton grill for $30 when most sites had it for $50, so I thought what the hey I might as well get it, something nice that would get the fat off meat and I love grilled food.

Anyways, shortly after I placed my order using the PP temporary credit card option the site e-mailed me saying they had sold out, and as a result they didn't charge my credit card. Anyways, the charge was still "pending" on paypal, but after a week had passed it finally went away and wasn't in my bank log of transactions.

On one side, PayPal can help you keep from getting your CC# stolen, but it also doesn't have the perks of a credit card company's resolution services for helping prevent identity theft and stuff (really helping you when someone steals money from your account and stuff)

 

use a virtual card number to protect your CC#.

 

What's that?

 

some companies, will give you a one time use creditcard number for online transactions.

http://www.creditcards.com/credit-card-new...umbers-1273.php