If someone were to perpetuate credit card in person, and KNOW Master Card regulations, they are not worried about being asked for additional ID.
True. But this statement is relevent to my post in what way? I didn't mention the clerk asking for ID. No ID is required to catch a thief when he can be visually identified by a cashier and security cameras. Fraudulent use of a credit card in person is MUCH more risky than using the same card on-line.
posted on May 26, 2001 06:16:34 PM new
whynot---I'm confused by the part of your post where you reply to me:
>>If someones making $500 a month no a merchant account really isnt suitable for what they are doing unless they are a business<<that part is clear, the next part isn't>> again, then you get the assets attached as tell ya' what, 99% of the best sites on the web wont even speak to you about using their points of sale unless you do have displyable credibility and feedback isnt it. <<<<
OK, I don't really understand what you mean....If you are saying that you can't use Paypal at other places besides Ebay, I am not sure that's a big deal....First, I don't WANT or NEED to use Paypal at other web sites, I have credit cards or debit cards for that. And I am sure that even if they were intrigued by Paypal they can get better rates of interest with a merchant account, plus have more control over withdrawals, deposits and so on with their own merchant account. so I doubt they would use it even if Paypal were 100% as safe or legit as a merchant account (which I am not saying it is..I tend to think it isn't, but then again, I tend to think the RISK versus the gain are worth it for me...I have had probs with them that were resolved to my satisfaction.) Big sellers with businesses outside of Ebay won't seriously consider Paypal (at least not for long) for the same reason a big office won't seriously consider going down the street and pay Kinko's Copies to use their copy machine and 7 cents a copy, they just go out and buy their own copy machine for $500 and use that instead.
Anyways I still don't see where you are commenting on what the alternatives are for a small seller (for me, $500/month max) who wants to take credit cards. It's basically a 3rd party system or nothing, whether it be Paypal, Yahoo, C2it (which I'll never use and which I doubt will be in business long---Citibank isn't one to spend a long time on a losing proposition) or any of the others. Would you agree that for the small seller for whom a merchant account is not an option, SOME 3rd party payment systems may be worth the risk?
after all it is more common for small sellers to have this dilemma than for big sellers as for many big sellers it is like the aforementioned copy machine example---they are going to do it anyway so your comments are somewhat in my mind preaching to the choir. if you don't have the volume for a merchant account then you have to make a choice--to risk or not to risk---it would be interesting to me to hear you address that. which would you pick if you were not a large enough seller to justify a merchant account?
posted on May 26, 2001 06:43:00 PM new
>>Three times lately yisgood has grasped at sellers claiming to have been treated capriciously. Three times yisgood has been burned by sellers who turned out to be hiding a crucial part of the story. Three times kicked where it hurts, but yisgood is back for more. Why, yisgood?<<
Three times I posted stories where a seller was screwed by paypal. Three times roofguy claimed that there was some fraud involved. Three times the seller's account was unrestricted or the frozen funds returned to the seller within days of my posting the story, which seems to indicate that there was no fraud involved, just Paypal screwing around as usual. Three times roofguy seems to have missed this. If anyone was kicked where it hurts, it was paypal and roofguy. Why roofguy?
posted on May 26, 2001 08:15:56 PM new
Citibank is often trotted out as an example of good credit and banking practices. I have been told that Citibank is one of the most complained about credit entities to the ftc. Providian is also one of the most complained about card issuers.
I and thousands of others got a refund recently from them for "miscalculating" some interest charges. I managed to be charged interest on $0 balance.
posted on May 27, 2001 12:10:45 PM new
whynot:
Your highly incorrect. I happen to have been burned on a personal transaction where I used my card for a western union transfer for $400 worth of merchandise.
posted on May 27, 2001 12:21:06 PM new
Yisgood, I never claimed that any of those cases involved fraud.
I claimed they involved incomplete stories, and suggested that when the whole story was understood, PayPal's reaction would make good sense.
So far, some posters have refused to complete the story.
Others have. For example, in one case the customer's bank was reporting (to PayPal) unauthorized withdrawals from a bank account.
In the complete analysis, there was no fraud involved. Either customer, customer's bank, or both had simply errored. But there is NO WAY that PayPal can avoid taking decisive action when a bank reports unauthorized activity.
Not much of a poster boy there, Yisgood. This one is typical of your "screwed by PayPal" stories.
