Posted 51 weeks 3 days ago by Paul Michael
Shopping, Consumer Affairs
I’d like to start this article by pointing out that Paypal is a fabulous resource and I use it often. I feel safe buying items, especially items on eBay, with my Paypal account. But over the past few months I’ve noticed that more places accept Paypal and I began to wonder…is this going to create a generation of impulse buyers?
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PayPal is a necessary evil. As a seller on eBay, it’s impossible to avoid using it. How they are able to do what they do (take money from sellers’ accounts whenever they want) is beyond me but it’s a brilliant business plan. Unlike credit cards where if you report a fraudulent charge or unsatisfactory transaction it’s the credit card company that pays for it, PayPal just moves money between accounts taking no responsibility for fraud charges. They’re just the judge in the de facto court of eBay justice.
Continue reading "The Sale Aftermath: Beware of PayPal Chargebacks"
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