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Thinking of using Paypal, what are the risks?
I've recently been showed items on ebay by a friend that I might be interested in. Ironically, pay pal is the ONLY payment option...(Ebay owns Pay pal)...I would only need to make a payment of no more than 20 dollars. If I make a pay pal account and credit it 20 dollars, purchase an item and wait for the transaction to complete, could I immediately cancel my account thereafter or would some fees be applied? I've also heard stories from my friends that PP sometimes holds or freezes or even pulls out funds. I've also heard of people having their paypal accounts hacked...Not a happy ending for most of them. I'm a bit paranoid about using it now, any advice on what I should do? I'm on a light budget and would like to minimize spendings.
5 Answers
- Anonymous1 decade agoFavourite answer
PAYING with paypal - costs you zero - you only pay fees when you use paypal to receive payments which is no different than a retail merchant who accepts credit cards - they pay a fee on all credit card receipts also - there is no reason to close out the account - more and more places are accepting paypal payments - even outside of ebay - it's an easy way to pay and info is secure. I've been using ebay for almost 10 yrs and Paypal for 7+ - buying and selling 100's of items - no problems
- 1 decade ago
Safest way to go is attach a credit card to your paypal account. Attaching it to you're checking account is not the best thing to do. On that note, I have never had any problems with paypal. They're legit.
- 1 decade ago
PP is the best pay system on the Internet today, they are totally legit.
If you don't feel comfortable just contact them, they're very reachable.
They'll never use your card with out your authorization, and if you sold something on ebay but didn't get pay, they'll make sure you'll be paid. they are the best and safest .
Source(s): my experience - cari berryLv 61 decade ago
dont feel like reading all that, but i have been using paypal for years, and i have never had an issue with it.
