TheFed
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posted on October 6, 2000 09:41:42 PM
Hi: I just went to register with PayDirect and they wanted my credit card number? Why? Since I'm only a seller and will only be transfering funds that I receive from buyers into my bank account, as I do with PayPal, why do they need my CC number? If there is a place on the site to enter bank account numbers, I didn't see it. Now it is possible that I have to get through the credit card info page first, but I'm not sure. Has anyone used PayDirect? Can you tell me how it works? I'm confused! Thanks!
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jenniphant
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posted on October 6, 2000 09:53:35 PM
I just finished the signing up process with PayDirect. The credit card: I think this is to somehow prevent fraud. EBay wanted sellers' credit cards for the same reason, even if they were going to pay off their accounts through the mail. In a few days, Yahoo! will send you an envelope where you confirm your address and can enter your bank information with voided check and all. Supposedly a bit more secure for them, us, and the buyers. I guess if you want a free service, it's okay to jump through a few little hoops.
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mzalez
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posted on October 7, 2000 08:07:54 AM
I believe it's to verify you. Maybe, too, somewhere in the future they will be expanding their services like PayPal did...and will need your number for other reasons.
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traceyg
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posted on October 7, 2000 08:24:09 AM
From what I understand you need a credit card number now for anything to do with Yahoo auctions. I signed up with them years ago with my credit card number so they already had it. You also need one to bid, buy and sell on Yahoo now I think. It is a way for Yahoo to cut down on Fraud and kids coming in and playing around. seems to be working. ( I sell on Yahoo auctions along with Ebay.
If you have a checking account you can just get a back card visa and the visa will work like a check from your check book. That is what I did so I wouldn't run up credit card bills I have one just for internet stuff that I only keep a few hundred in. Almost all banks have them now and no cost to you but a few are lagging behind.
I have been using paydirect for over a month now and I love it. Runs smoothly and they have a FAST tranfer rate.
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abingdoncomputers
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posted on October 7, 2000 09:34:38 AM
Even bidders are required to have a credit card on file with Yahoo now.
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cagrrl
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posted on October 7, 2000 04:51:22 PM
Yes, you have to verify a credit card to even bid on Yahoo. Security yadda yadda yadda yadda....
Actually one of the features I like best about PAyDirect is that you can credit customer payments directly to your credit card.
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DoctorBeetle
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posted on October 7, 2000 05:06:13 PM
Of course having your credit card number would make it a lot easier for them in case a buyer pays with a fraudulent card or initiates a charge back - they can simply debit your card for the amount they already paid you.
Dr. Beetle
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lalatte
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posted on October 7, 2000 06:01:25 PM
I am familiar with Paypal but not with Pay direct...does it work the same? Are people famaliar enough with it to want to use it? I really am not sure if i should keep paypal or not. Any suggestions?!!! Thanks!!  )
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TheFed
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posted on October 7, 2000 10:07:03 PM
Thanks for the wonderful comments! I feel less insecure now!
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outoftheblue
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posted on October 7, 2000 10:40:44 PM
TheFed
"I just went to register with PayDirect and they wanted my credit card number"
If your debit card has a visa logo you can use it. Then you won't need to use your credit card.
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toyranch-07
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posted on October 7, 2000 11:03:27 PM
PayDirect is a service of Yahoo! They are the biggest internet company. They are 10x bigger than ebaY. They are a very profitable company that is in it for the long term. Their stock is publicly traded
I consider PayDirect to be in a totally different class than the other 'PaySomethings' of the world.
http://www.millionauctionmarch.com/
[email protected]
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whitemist
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posted on October 8, 2000 04:55:10 AM
I signed up with Paydirect.
now I have the letter they sent me with the address verification code. It says to log in and then click the "View Limits" button.
I CANNOT find this " View Limits" Button.
can some one tell me how to locate it
thanks
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helnjoe
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posted on October 8, 2000 02:43:56 PM
When you log in to your account, on the left hand side "view limits" is listed under ACTIONS highlighted in yellow. Just click on that.
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