1. Timothy October 30, 2010 at 12:01 am #

    Yeah, I have paypal, but luckily only use it for ebay now. Too many scammers out there contact me about booking a wedding and wanting to use paypal. As soon as I hear that, it sparks a bad alarm.

  2. Tim May 18, 2011 at 6:20 am #

    Been ripped off several times on Paypal. Each time an Ebay sale. Waring bells rang, I tired to cancel teh transaction and got email from both Ebay and PAypal saying I was OBLIGATED to complete the transaction and covered by their “protection” plans.

    However the warning bell sales went wrong and where were Pypal/Ebay? Limiting account access and locking me out. They then refunded several thousand dollars and took me to collections. Two fraud buyers, bog losses, no help from Paypal before, during or after the sale. Again – I contacted them about the buyer being suspicious and they INSISTED I go thru with it.

    I had to get legal on collections. Turns out Paypal cannot go on your credit as they are not a creditor. Since Paypal is not a bank as pointed out, they also do not issue credit. Therefore they cannot legally be on your credit report. Doesnt stop the from trying though. If this happens to you – you simply warn the collection agency. They will pull it as they know if you sue – you win and it costs them for your legal fees. PAYPAL IS NOT A BANK. PAYPAL IS NOT A CREDITOR.

  3. Jenika's Lens September 10, 2011 at 12:37 pm #

    Thanks for the warning + advice. I will have to look into other ways to accept credit cards in my photography business. I appreciate the heads up, I might not have otherwise understood all the risks involved.

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