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Dosh

It appears I'm out of paid time. And with the new bank account and new bank card, I can't pay for LJ even though I can afford it. Why my place of work doesn't do visa debit I will never know (because I'm nothing to do with that department).

This may mean it's time to suck it up and get a PayPal account. I have this aversion to doing so, yet I can't for the life of me work out any good reasons why. Anyone got any reasons that might explain my feeling of foreboding? Scientific reasons, not just general scare-story bullshit please. Likewise, anyone any ringing endorsements? Same criteria.

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( 6 informants — We want information! )
coaldustcanary
Jan. 10th, 2006 02:44 am (UTC)
It appears I'm out of paid time.

Not anymore.

This may mean it's time to suck it up and get a PayPal account.

The only reason I still have one is Ebay. But I've not had any problems with it, either. I'd never use it for an iffy transaction, personally, but it's a necessary evil for many parts of the Internets.
mythdude
Jan. 10th, 2006 03:50 pm (UTC)
Dang, I thought it was my time in the Forumite community to pay it forward. :P Curse you Kristin!
coaldustcanary
Jan. 10th, 2006 04:23 pm (UTC)
*insert evil laugh here*
shano_d
Jan. 10th, 2006 09:50 am (UTC)
It is still pretty much the case that Paypal is safe if you're only using it to make payments. If you're using it to receive, there are a whole host of potential problems.

In the worst case, they may freeze your account, take your money and never talk to you again. You'll need to have a pretty high balance before they'll try that, though.

If you do sign up for an account, I'd recommend using a credit card and avoiding all their attempts to get you to set up Direct Debit. The UK's credit laws will protect you against anything they might try with cards, but I'm not sure about DD.

The vast majority of the time, you'll have no problems unless you're buying from shifty guys on Ebay a lot (and I mean the really shifty ones) - or even worse, become a shifty guy selling things on Ebay.
autopope
Jan. 10th, 2006 11:52 am (UTC)
"Shifty guy selling on ebay" -- I had one bad experience with paypal.

A shiny 15" powerbook-sized bad experience, in 2003, to be precise.

I tried to buy a refurbed powerbook as a grey import from the US via ebay and paypal. Paid, then got an email saying "my paypal account has been suspended".

I suspected fraud and was getting ready to take action when I then got a letter from an attorney indicating that the vendor was in Chapter 11 bankruptcy protection.

At this point, I despaired -- basically, I was out of pocket £1400.

Then, about a month later, much to my astonishment, I got a cheque in the post, from the seller, for the full amount. It turns out that he was indeed honest -- but Paypal and eBay had, without warning, suspended his merchant account and completely fucked over his business and the fifty-odd people he was supplying pieces of kit to.

Meanwhile, I discovered just what Paypal buyer protection is worth, i.e. sweet FA.

My advice: sign up for Paypal, get your account verified, use your credit card as a source of funds (not direct debit), and use it for small stuff like LJ and transfers to/from friends. But think twice about getting a merchant account and using them for business.
aarondb
Jan. 10th, 2006 05:33 pm (UTC)
I do all my eBay stuff over it.

I was paid fortnightly over PayPal for most of a year as my full-time wages, and everything was fine. I've used it more than anyone else I know.

I think it rocks.
( 6 informants — We want information! )

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