Is paypal trustworthy

Answer 1

According to PayPal: "Is it safe to use? PayPal helps protect your credit card information with industry-leading security and fraud prevention systems. When you use PayPal, your financial information is never shared with the merchant."

I don't like paypal i am a eBay seller and they have cheated me out of $185.00 cause if you do not post your bank account they will freeze your account until you do so there fore it is not really worth using in my eyes great for buyers not sellers they take like 5% out every time you get paid say you sold something for $100.00 $5 of this goes to them for you selling something that is a rip off.

to look at what im talking about go to www.paypalsucks.com

Stay away from paypal..and stay away from sellers who only accept paypal..

Another Seller writes:

It's easy to scam sellers by buying items, claiming they arrived broken, and filing a complaint. The "broken" item can be returned as a empty box with delivery confirmation. Report the confirmation number to the Paypal complaint and you get your refund. If the seller believes your complaint is totally bogus and does not respond it's possible to win the dispute without even returning an empty box. This is known as Paypal Protection and has cost me $120+ in 3 months!

Another, more diplomatic answer:

Paypal is a company owned by eBay which operates an online payment system designed to allow person-to-person monetary transactions over the internet without either person having to reveal financial details (such as banking account numbers and the like) to the other person. This was originally developed as a safer alternative to money orders, cashiers checks, wire transfers, or personal checks, as all forms of payment have their strengths and weaknesses in terms of fraud protection and security. Indeed since it has grown in popularity, paypal itself has become a huge target for exactly the same types of fraud it was developed to avoid, one should be very mindful of this, and treat any emails purporting to come from paypal which ask for user account info with extreme skepticism.

While paypal operates much as a bank does, issuing credit cards, holding account balances for users, it is very important to remember that paypal is NOT a bank and any money deposited with them is not covered by any FDIC protections.

Additionally paypal has made many very controversial decisions, and, as you see above, is developing a very poor reputation among netizens as a result.

Answer 2

PayPal is one of the most trusted online payment service available. It is secure, reliable, dependable and most of all very private. PayPal has been trusted by businesses, banks and online shoppers for a very long time.

Answer 3

The PayPal Buyer Protection Policy states that customers may file a buyer complaint within 45 days if they did not receive an item or if the item they purchased was significantly not as described. If the buyer used a credit card, they might get a refund via chargeback from their credit card company.

In general the Seller Protection Policy is intended to protect the seller from certain kinds of chargebacks or complaints if seller meets certain conditions including proof of delivery to the buyer.

PayPal account holders� private information is marginally protected under one federal law. If an account is subject to fraud or unauthorized use, PayPal puts the "Limited Access" designation on the account. At this point, the account holder must reset their password, fill out a set of security questions and verify your location by either phone or mail.

Answer 4

Very safe, only pain is that if you receive to much money at once they will limit your account and takes alot of work to get the limitation lifted.

Answer 5

Yes,PayPal is a safe means to use for transactions.

Answer 6

Yes, Safest Way to shop online!!!

Answer 7

no

Answer 8

yes