Paypal warning

DC · January 11, 2014, 23:53:35 PM

Quote from: hellboy7 on January 10, 2014, 10:40:28 AM
LOL! I get the reference... hahahha

hellboy7 · January 10, 2014, 10:40:28 AM

LOL! I get the reference... hahahha

DC · January 09, 2014, 20:21:53 PM

Quote from: CDNRatMan on January 09, 2014, 11:21:33 AM
DC check the back of your neck just under the hair line and to the left of your spine, a small lump there that is your chip from when the come down to get you and how they track you around, learned that on TV and if you wear your tin foil hat they can not track you.

Many are chipped but do not realize it. The Tripods got to them and capped them.

CDNRatMan · January 09, 2014, 11:21:33 AM

DC check the back of your neck just under the hair line and to the left of your spine, a small lump there that is your chip from when the come down to get you and how they track you around, learned that on TV and if you wear your tin foil hat they can not track you.

John Hopkins · January 09, 2014, 08:31:09 AM

I suppose so..after all we already chip animals with passports.

John.

DC · January 08, 2014, 19:14:14 PM

The future is a chip in your wrist. No man can buy or sell lest he is chipped.

John Hopkins · January 08, 2014, 17:45:22 PM

I have to admit that I am greedy, lazy and backward..

I don't have any credit cards but I do have debit cards, I use the debit cards to draw cash from the hole in the wall and I still pay for everything with cash if possible..however I live in a small town in a small country with no industry..I've just bought some led strip lighting to fit under my seat and tank to illuminate the bike at night, I also had to buy some handlebar switches and some cigarette lighter transformers for GPS and Camera, these are things I can't pay cash for and I have to pay by listing my debit card number, for the reason I stated in my earlier post I know the weak link is the internet seller but if I want the products then I have to use the system..Our local shops have started to use two new systems, one is a phone link where you give your card details to the local shopkeeper and the money is transferred from your phone to his account instantly and the other is where they scan your card and you don't need to enter a pin number..The whole world is moving on, the old days of gold and silver coins has gone forever, the days of collecting a packet stuffed with cash at the end of a weeks work has also gone, and the writing is on the wall for the end of cash transactions..The future may be an ID card that includes passport details and an updatable bank account, you break the law and that speed cop will scan your card and deduct your fine before you can blink.

Big brother is watching you..

John.

chief · January 07, 2014, 17:09:08 PM

I like PP, got a PP debit card recently and will use it whenever I can (business and personal accounts). I have to research payment processors a couple of times a year, and there are dozens of them. PP is easy and widely accepted. We also use two other systems for payment processing.

Be cautious where you give your info, pp or not. Never respond to an email by clicking on an embedded link... go to the financial institution the way you always do and figure it out. Deal with stores which have some history... use https...be safe.

DC · January 07, 2014, 00:18:56 AM

Quote from: ahernandez74 on January 06, 2014, 18:14:12 PM
Paypal is pretty much a monopoly. I've gotten screwed by them multiple times for my money. It's just plain ridiculous and unfair. They can freeze your money in the account without any warning... and they love to play hardball with you. It's almost impossible to try and get the money released... I hate it.

You're telling my PayPal experiences right there. So much aggravation in dealing with them. I try to avoid them like the plague anymore.

49Reo · January 06, 2014, 19:59:35 PM

I use PayPal for small transactions only. Then I transfer the money to my bank account. Problem is, they (PayPal) can pull the funds from the bank account, and if there are not enough funds to cover a transaction, then it hits you credit card that you HAVE to have attached to the PayPal account to cover in case the bank account is overdrawn. Long story short, it can always be a risk. Ya pays your moneys, ya takes your chances...

John Hopkins · January 06, 2014, 19:17:58 PM

I'm not saying that Paypal is trying to cheat my son..

but consider this..

Imagine that you dealt with a lot of sellers over a number of years who you paid with paypal, now imagine that one of those sellers who had your details sent a direct debit charge to you via paypal using the details they had legitimately used in a past sale..Paypal would have no reason not to go ahead and charge the credit or debit card with the payments and pass the payments on to you.

I only have enough in the account I use for online or phone charges to pay the amount I agree to (plus a small buffer) but with a direct debit the bank may agree, at their own discretion, to pay a direct debit even if you do not have sufficient funds..The bank will not release any information other that the fact that the payment is to paypal, and paypal will not know that the seller is a thief.

All I'm saying is be careful out there.

John.

ahernandez74 · January 06, 2014, 18:14:12 PM

Paypal is pretty much a monopoly. I've gotten screwed by them multiple times for my money. It's just plain ridiculous and unfair. They can freeze your money in the account without any warning... and they love to play hardball with you. It's almost impossible to try and get the money released... I hate it.

chief · December 13, 2013, 20:52:13 PM

(Sorry this is a long post. For those who don't want to read it... iMHO Paypal is one of the safest methods of payment on the internet for online purchases, and the safest for payments between individuals. Beware of phishing scams - they get more sophisticated. )

My experience with Paypal is entirely different. People falling for phishing scams is the primary reason for trouble.

I've used paypal extensively for well over 10 years (business and personal). I have researched many different payment processors over the years. We use PP extensively in our businesses and our personal transactions. We recommend PP back-end processing to our customer with online stores. (We used to get a lot of fraudulent orders... paypal has eliminated those for our stores.)

Paypal use by vendors has increased dramatically over the years so I can use it far more often nowadays. They have literally 10's of millions users. Many, many times you are using PP back-end services when you pay online , you just don't know it.

PP has never had a major security breach like many banks etc have. When there is an individual security breach its most likely because the victim fell for one of the many phishing schemes out there, used unsecured wifi hotspots, or computers//phones were hacked.

These phishing scams look like real emails from PP but they link to a fake PP site. When you go in and provide your credentials including a new password, you are giving them the info they need to attack your account - they become you. If you ever get an email telling you to change your password for ANY site where you have left payment info... DON'T CLICK ON THEIR LINK! Get out of the email and go to the link the way you always do. If you need to change the password the site will tell you. Since we have about 1000 email addresses, we have seen many of these.

Lastly, personal checking accounts in the USA are free. With mobile banking you can transfer funds between accounts very easily. You can add an additional layer of protection by opening an account for use solely for online transactions limiting the funds in that account. Of course, credit cards have built in protections as well. Also, we use a dedicated email address for each of our pp accounts. This tells us when we are being phished... they send their fake message to the wrong email address. Also, most PP accounts have a limit on how much can be run through them in a day.

There have been problems with PP in the past, unrelated to security. But, a couple of years ago they got a new CEO who has worked to resolve those issues.

As John indicates its good to keep up with what is going on with your account... just as you would with a bank account.

49Reo · December 12, 2013, 10:13:01 AM

Yikes! I use PayPal a lot. Better change things....thanks for the warning, John!

greenbarn · December 12, 2013, 07:22:31 AM

That's a good warning, John. I never trusted Paypal much, and have heard other bad things as well.

Several years ago, an acquaintance of mine got an email about changing his password, and it was a phishing scheme. He fell for it and gave them his password. The account was attached to his main checking account. His regular paycheck was deposited into this account every payday. Not only did they steal money from his account, but the bank also locked the account for a "criminal investigation". He didn't even have access to HIS OWN MONEY for a few weeks.

John Hopkins · December 12, 2013, 03:58:19 AM

Some years ago I had a paypal account, at the time I sold a few things and instead of drawing the money out I left it there to use to buy a few things, this way I was always in credit and didn't have to add payments or use a bank card..

After a while I got an email from ebay saying that I had to change my password because someone else was using my account..so I did..

At this point paypal locked me out of my account with them and would not let me back in, I tried to contact them but had no luck in getting past the automated reply system and none of my messages were ever answered..so I lost that account..

Today my son, who has a paypal account received a letter from his bank debit account saying that there was not enough in his account to pay a direct debit payment to paypal of £55.37..This is hardly supprising when you consider that it is a dufunct debit card with only 4p in the account..

Bearing in mind that this is the second time paypal has been used to defraud my family I thought it might be a good idea to warn any of you that still use paypal to take care to check each transaction..

I might even go further and suggest that you close any paypal accounts you may have, Just because you have had no problems yet doesn't mean you won't have any in the future.

The above attempt to obtain £55.37 is just the tip of the iceburg as it is a direct debit, which means that the person collecting the money could empty any account in a very short time.

John.