posted on November 27, 2000 06:38:37 PM new
I agree it's problematic to formally grant someone the right to remove money from your account, scooterman557.
But how does ps2cart.com affect this? Has PayPal threatened to extract money from accounts of anyone involved?
posted on November 27, 2000 09:56:04 PM new"NO other company asks for this information and there is only one reason they want it and it is NOT for the good of the customer."
Yeah, I've made a point to remove all information off my checks when I pay by check. I either black out or tear off the bottom of the check with the routing number and the account number. I sleep much better knowing my information is protected this way. I'm having a hard time getting anyone to accept my checks and those that do seem upset. Now I've begun to scratch out my address and phone numbers so they are unable to contact me to complain.
posted on November 28, 2000 06:20:06 AM new
OK, it is NOT like giving them a stack of blank checks, but remember, with ACH transfers, what goes in can come out. And, that is what paypal uses. And, by having an account, you have automatically given them permission to deposit to AND withdraw from your account, despite their claims to the contrary.
posted on November 28, 2000 05:04:25 PM new
Also get the story Right Paypal is not the only company doing this .
Have you tried useing yahoo paydirect they automatically send two small deposit to your checking account when you remove money from paydirect the frist time and ask you to confirm the amounts just like paypal.
The frist time you accept a payment from them they ask for your SS # as well.
ExchangePath dont make small deposits into your checking account but need your checking account number and routeing number to make a deposit as well your not sheltered from charge back with billpoint they Require your checking account Number and routeing number they auto deposit all payments into your checking account and they clearly warn you about charge backs.
Just signing up for these third party credit card services you are clearly agreeing That charge backs are a fact of accept these types of payments.
PayPal was clearly one of the frist online credit card payment services but they were the last to admit they can not stand in the way of credit card users rights to charge back.
posted on November 28, 2000 07:50:42 PM new
OK, so now that I was stupid enough to give PayPal my checking acct. number, what do I do about it. They are already holding onto money that belongs to me, I sure don't want them to get any more. If I tell my bank not to allow them to withdraw, will that be enough. They have locked me out of the site so I can't go in and remove my info that way.
posted on November 28, 2000 07:56:10 PM new
My bank said that once an ACH draft (Automated Check Handling) is in place, that you are out of luck. I don't know if that is true.
However, if it were real bad you can always close your account.
One other thing I have heard people do is report that their checks are stolen and close the account and reopen another. Since in fact it is like they have your checks.
