Thread: Paypal
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Old 02-24-2004   #10
jimwross
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Here's a few precautions you should take.

Paypal will allow you to file a complaint which if you have not recieved your package you will refunded the $$$ if the seller does not send it or provide proof of sending within 10 days. However, there are a few flaws with this.

1) the seller only needs to provide a tracking number, then he's clear. He could ship you a magazine via ups or even usps and get away with it.

2)paypal takes a marginal fee for recovering your funds. I ordered rim's off a dsmtrader guy, never got them, cost 500, got 480 back via complaint process from paypal.

3) if the seller does not have a bank account linked to the paypal account, or if he does not have a balance in there, this isn't going to do anything for you.

The above posts were totally correct, make sure to use a credit card when making payments via paypal. Discover card (some MC and some VISA), will give you 0% loss on internet fraud. Some MC and VISA charge a $50 recovery fee.

Don't spend your paypal account balance (like money thats just in your paypal account), or from checking as you have no insurance that you will get money back if your ripped off.

On top of that DO NOT buy Paypal's Satisfaction Guarentee, its a scam... you will never get your $$$ even if you buy that... if you want me to explain lemme know.

Thats all for now,

Jim
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