Re: paypal exploits

Posted by christopher otto | Tue Jan 28th 2003 1 a.m.

paypal is bad news!

if you read the agreement they are absolved of all credit fraud and you [ as the seller ] are required to pursue the case through international courts.

my friend was ripped off for about $1k from someone in moscow - payment went through - 2weeks later paypal said it was a fraud [no explanation of course] and auto-withdrew from his account.

the only way to use paypal is to setup another bankaccount exclusively for it and immediately withdraw after a transaction.

my friend is taking them to court ill let you know if anything comes of it.

also checkout
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