posted on November 22, 2000 09:15:58 AM
For those of you jumping onto exchangepath's bandwagon..
my account has been suspended by exchangepath, no warning, i only found out when i logged on and i was immediately logged off saying my account was suspended. I know why it was suspended, and I posted before about this (http://www.auctionwatch.com/mesg/read.html?num=2&id=289261&thread=289261), I'm just here to say exchangepath may not be any better than paypal.
I don't know if exchangepath will continue to receive payments on my behalf, i just found out today...but I can't even check my balance so i don't know what i'll do if that happens...
posted on November 22, 2000 10:50:28 AM
ok found out a few things...called exchangepath CS and they said they will continue to accept money for me but I will not be able to withdraw...worse than paypal is that I can't even log in to see my balance! WTF.
Y I will do that as soon as I get home. And I just got an email from another ebay seller w/same problems as me and he said
"By the way, if they haven't already, ExchangePath WILL withdraw any money that has been already deposited to your bank account, so be prepared.
posted on November 22, 2000 11:08:27 AMyisgood I have a site where I review payment services and I would like to keep it accurate
I've got a question about your 'accurate' information concerning ExchangePath. You've stated:
"Your bank accout info does NOT get recorded (as with most services). It is a one-shot deal where they send out the payment and then erase the info.
So if you enter the wrong routing number or worse the wrong account number and later go to check on what happened you're telling me that ExchangePath is going to say "Sorry, we have no record where that payment was sent to." Do you really expect people to actually believe that?
posted on November 22, 2000 11:16:38 AM
no they didn't tell me but I know what it is..three people with stolen credit cards sent me money. I knew they were stolen and left the money in my account, and I emailed Exchangepath (2 days ago )about this before my suspension and nothing but an auto-generated response. The phone CSR could not tell me anything other than my account was suspended adn told me to call the director of excpath risk management. Called him, just voicemail so far. i don't want to leave a message, I never get called back, I want a real live person.
posted on November 22, 2000 11:17:06 AM
>>"Your bank accout info does NOT get recorded (as with most services). It is a one-shot deal where they send out the payment and then erase the info.
So if you enter the wrong routing number or worse the wrong account number and later go to check on what happened you're telling me that ExchangePath is going to say "Sorry, we have no record where that payment was sent to." Do you really expect people to actually believe<<
I will have to change the wording. What I meant was that unlike a different scheming service where they forced you to verify an account for "your" protection so they could go back four months later and take money out of it, the EP process is a one-shot deal. You do not have to verify an account, or click a box to give them permanent access to it or have it recorded along with your EP account record so that you have to jump through hoops to remove it later. You can deposit to one account today and a different one tomorrow.
I have deleted your first post to this thread because it contained a link to your site, which is considered promotional and not allowed per the Community Guidelines.
posted on November 22, 2000 11:34:21 AMyisgoodYou do not have to verify an account, or click a box to give them permanent access to it or have it recorded along with your EP account record so that you have to jump through hoops to remove it later.
So, by your reasoning, if a person sends a withdrawal to the wrong account ExchangePath won't be able to recover those funds by canceling an ACH deposit? How does verifying an account give a company the right to cancel an ACH deposit as opposed to someone that hasn't verified an account? What mechanisim gives a bank the ability to disallow an ACH deposit cancelation?
posted on November 22, 2000 04:01:40 PM
>>So, by your reasoning, if a person sends a withdrawal to the wrong account ExchangePath won't be able to recover those funds by canceling an ACH deposit? How does verifying an account give a company the right to cancel an ACH deposit as opposed to someone that hasn't verified an account? What mechanisim gives a bank the ability to disallow an ACH deposit cancelation? <<
If you would stop trying to bash EP in an effort to justify your acceptance of Paypal, you might actually understand this. EP does not make you verify a bank account and check off a box that says you give them the right to access your account on your instructions or otherwise. They do not tie a specific bank account to a specific EP account. They don't disallow certain banks. In short, they are not sleazy like PP. With EP, any time you want to withdraw funds, you fill out a form with the account number, bank name and account name. If it all matches, the transfer goes through. A little difficult to "accidentally" send it to the wrong account because you would have to "accidentally" enter the wrong account number, the wrong bank and the wrong account name. Like all ACH transactions, it can be cancelled but only within a small time period (about ten days) not months later like PP tries to claim.
