posted on October 10, 2000 06:00:14 AM new
I haven't heard anything; why you want a check mailed is kinda dumb...PayPal is supposed to be electronic payment. I love not having to run to the bank with money.
posted on October 10, 2000 06:05:52 AM new
Another way for PayPal to strongarm users into registering (and then "verifying" ) a bank account, thereby giving them access to the account. Makes it easier to confiscate your funds whenever they take a notion.
[ edited by abingdoncomputers on Oct 10, 2000 06:06 AM ]
posted on October 10, 2000 06:09:31 AM new
Also, withdrawing your money was supposed to be Freeeee! Next you will be paying to withdraw electronically, does anybody doubt it?
posted on October 10, 2000 08:45:13 AM new
From the PayPal website:
Postage and Handling Fee for Check Withdrawals
Entry Date: October 9, 2000
Effective Date: October 16, 2000
In order to encourage our customers to withdraw funds by electronic transfer rather than by check, as of Monday, October 16, there will be a $1.50 postage and handling fee on check withdrawals. There is no fee for electronic transfer, which usually requires only 3-4 days to complete (compared to 1-2 weeks for check withdrawals).
posted on October 10, 2000 08:46:27 AM new
It's on the "Policy Changes" page at Paypal.
Quote:
Postage and Handling Fee for Check Withdrawals
Entry Date: October 9, 2000
Effective Date: October 16, 2000
In order to encourage our customers to withdraw funds by electronic transfer rather than by check, as of Monday, October 16, there will be a $1.50 postage and handling fee on check withdrawals. There is no fee for electronic transfer, which usually requires only 3-4 days to complete (compared to 1-2 weeks for check withdrawals).
You'd think PayPal would have noticed all the complaints about "handling" fees on this board.
posted on October 10, 2000 08:46:55 AM new
The $1.50 charge to cut a check IS true. I read it myself last night in the paypal terms of use. I ran across that tidbit as I was trying to close an account.
Go into paypal and look through their web page, you'll find it in black and white.
Suburbia: Where they tear out all the trees and then name the streets after them!
posted on October 10, 2000 09:01:26 AM new
Well, the whole Fee thing is getting out of hand with all banks. I just came home from our bank, after taking my son there to open a checking account. As the teller was going over the details, and she got to the part about ATM fees. Right now we can use our Debit card to pay for purchases in most local stores. Generally, you swipe your card, then enter your PIN to complete the transaction.
Starting November 1, there will be a .50 cent charge if you use the Debit card with your PIN. If you have them ring it like a Charge Card, there is no fee. The Debit card pulls the amount immediately, the Credit use means there is a delay in how quickly the money is taken out of your account.
We can use our Debit card for free as long as we use it at our bank, but using other banks ATM machines we pay a $2 per transaction fee. There is a $1 per month charge just to have the Debit card, but that is waived if you use the card for 3 or more purchases per month. I wonder if the Credit purchases will count toward that waiver?
I guess I'll go back to writing checks again, since I don't pay a "per check" fee.
posted on October 10, 2000 10:00:54 AM new
OK, so that's why I'm reading these boards. I knew I logged on for a reason amid my pre-inlaw visit preparatory cleaning. Thanks for the laugh, HCQ.
posted on October 19, 2000 12:49:36 PM new
My account has been restriced(cannot send, withdraw or request money)since 9/22 for some unknown reason, My son deraha was restricted the same day.
I guess he has been complainning too much, Today Pal Pal locked (cannot access his account)his account (over $1000)
He can't even see how much they screwed him out of!
Something else--If someone pays me with Pal Pal, Am I obligated to ship? Or can I wait until the funds clear to my bank? I now wait 7-10 business days for a personal check to clear, How long should I wait for Pay Pal to clear my money to my bank?
