Paypal

[jrandol]

I need some help! I just set up a paypal account recently and just made my 1st transaction on it. An individual sent me their funds and I transferred them to my bank just now. It takes 3-4 days before it hits my bank. Do I need to wait till the money hits my bank to know that its official or is the transaction in the clear already?

 

[midwestdually]

i would say that it is good... . but you never know... u can either wait or trust the guy... i think if you are using ebay paypal will cover a loss if you get scammed or something like that.

 

[Bob Wagner]

I've never used paypal, but I've heard a few horror stories



http://paypalsucks.com





HTH

 

[Steve St.Laurent]

I've used paypal a ton and have never had any trouble. In looking through that paypal complaint site one thing I noticed is that if you keep your account empty (ie, transfer any received funds back to your checking account) you're pretty safe. Mostly they talk about someone paying you with a stolen credit card and then their security center locking your account and taking any funds there out of it. If you don't have any funds in it to begin with other than the latest transaction you're limiting your exposure. Jrandol, the user could dispute the charges but I think they could do that after you transferred funds anyways. For me, once I have the funds in my paypal account I consider it received.