Originally posted by Charles Bradshaw:
Unless the recipient has a business account, he cannot receive from Credit Cards, only bank account. Until you have a Verified account, you have a limit to how much you can send (cumulative). To become Verified, you must verify both A bank account, and A credit card.
<font size="2" face="Verdana, Arial">And with all those safeguards you'd think that you were protected wouldn't you?
The thing is that by PayPal's rules (last time I checked -- it's been more than 7 minutes now) A person can go from verified to non-verified without notice.
And it doesn't matter if they were verified at the time you sent the money -- PayPal only looks at their status at the time you file the complaint.
You could send your money to a verified recipient who could then switch to non-verified after he's taken your money and if there was a problem PayPal could leave you high and dry claiming that the guy was non-verified.
And even when the recipient is verified, PayPal's protection is still laughable.
I made a purchase for $6.00 which never arrived and the seller simply fell off the face of the Earth.
He was a Verified Premier seller (and still is according to PayPal) but when I filed the complaint PayPal refunded me only $1.63 with no explanation. Maybe they deduct some sort of investigation fee.
I'm not sure how this protection works now that PayPal is actually charging for it so things may have changed.
I'm not trying to bash PayPal so much as to inform.
If you use it as a convenience between people that can be trusted then it's one of the greatest things around.
But if you use it thinking that you're protected against fraud then you're in for a shock.