posted on December 5, 2000 11:59:16 AM new
I have to admit, dman, normally I just skip your posts because they're so darned hard to read, but this comment caught my eye:
Peoples biggest fear with paypal is not losing there balance its giving paypal information about them selves to make paypal and its users not only a safer faster way to do online trading but more valid in the business world.
Where did you come up with that?? Paypal requires "verification" for only one reason, and it has nothing to do with making its users safer. If that was their true intention, they would have instituted far better safeguards than their laughable "verification" process.
They require it for only one reason: so they can take money out of your checking account whenever they please. Period.
Your statement, BTW, that banks have some sort of pre-printed forms available for customers to prevent unauthorized withdrawals is also questionable. My bank tells me there is no such thing. I can, however, have an attorney draw up something appropriate and they would honor it.
Why in the world would I jump through hoops for the privilege of doing business with a shabby dot-com like Paypal when there are legitimate, professional alternatives (like Billpoint)? Beats me.
