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I recently sold some hardware over an auction site, and received payment (from the private individual who purchased it) via Interac. I didn't have to send him any of my banking details, nor did I have to know any of his. There's a short description of how it works here
With this, I see little reason for PayPal's existence.
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I'd say it justifies its existence. This Interac service you mention quite simply does what PP does. I'd wager the only diff is you and this guy didn't have to put in banking details because Interac already had them. It's still the same exact concept. For simple stuff, PP isn't the only player in the game. But they were one of the first and they offer a buttload of ways to customize things to your liking. So, if you think Interac serves a purpose, then so does PP. They're just two competing services.
Jeremy Falcon
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Jeremy Falcon wrote: I'd wager the only diff is you and this guy didn't have to put in banking details because Interac already had them
It goes one step better than that. The link that is emailed is one that goes to Interac's service, and from there, I pick my bank from a list; the link to my bank goes to my bank's login page. So, all Interac knows is what bank I use, and a temporary token returned by my bank's login process.
Jeremy Falcon wrote: So, if you think Interac serves a purpose, then so does PP. They're just two competing services
...except I've never heard anyone say anything bad about my bank. I can't say the same about PayPal.
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dandy72 wrote: ...except I've never heard anyone say anything bad about my bank. I can't say the same about PayPal. Touché.
Can't say I'll stop using PP, but yay for options.
Jeremy Falcon
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Jeremy Falcon wrote: yay for options
Well, true dat. I've personally never had to deal with them, but with all the horror stories floating around, I'm perfectly happy to continue without having an account with them.
Not to mention that I've received enough PayPal phishing emails over the years that I wouldn't want to have to figure out whether any of it is legitimate or not.
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You've never received phishing emails pretending to be your bank?
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Plenty of banks, but never mine.
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...except I've never heard anyone say anything bad about my bank.
That must be a first! Please tell, which bank do you use, and I'll change my account asap...
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Did you just ask me for my bank details in a public internet discussion forum?
See the first rule of Fight Club.
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..not your account details (unless you really wanna share? ), just the name of your bank.
But then, I've recently come to the conclusion they all suck to some degree.
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Holy time warp, batman.
At first, I thought this was a month old...but no, this is actually 13 months old.
Why do people revive ancient threads?
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Isn't Interac Canada-only?
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I believe they've been making headway elsewhere.
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Most (web)shops from foreign countries don't accept money from (foreign) bank transfers.
In the Netherlands we use iDeal (instant bank payment), but I haven't seen it in other countries.
It's mostly American Express (whatever that is) and credit card (so not Dutch, I don't have one).
PayPal is international though.
In the Netherlands I never pay with PayPal, whenever I order from abroad I almost exclusively use PayPal.
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Pay for something from overseas.
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All I've ever bought from overseas was through Amazon, and I trust them more with my credit card details than I'd trust PayPal with my Subway card.
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I use Pay Pal only to pay for items. The only time I had a complaint against a seller, Pay Pal handled it promptly.
Mongo: Mongo only pawn... in game of life.
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Yay for PPPPPPPPP (Praising PayPal's Prompt Professionalism Pertaining Periodic Payment Problems).
Jeremy Falcon
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I had the same experience. I purchased print cartridges online which didn't arrive. The phone number on their website just kept ringing. There was no email address to contact them. I complained to PP and they refunded my money in about three weeks. I also raised a ticket with the police but heard nothing from them. I assume the site is still on the Net.
I also use PP to transfer money to my grandkids in Australia and have never had any problems with that either. The only annoyance is that I used to be able to transfer Australian dollars, even though I didn't own any. It was cheaper than transferring British pounds, which had a higher exchange rate. They have stopped that in the new version of PP. The last time I transferred any money, the only choice I had was British pounds. It used to show all the currencies.
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C-P-User-3 wrote: What advice do you have for someone before he sets up his own PayPal account ? Welcome to ~15 years ago!
Jeremy Falcon
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Remember your password.
I forgot it once and resetting it is (luckily) not as easy as clicking the "forgot password" button
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It is a hell of a rigmarole to get it changed. I have needed too do it a couple of times lately. Sometimes it completes without bother; other times I have had to retry using another of their methods.
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Don't buy anything via Paypal if it's over £100, use a credit card instead and get Section 75 protection.
Use a credit card via Paypal and you lose this.
[This is UK of course]
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You didn't mention what it is you want to use your PayPal account for. If it's just to buy and sell stuff, then the topic is pretty much covered by earlier comments.
If, on the other hand, you're considering PayPal as a payment gateway for an app you're writing, then I would urge you not to do so. I was about to go live with them once, but the Sandbox suddenly stopped working. It took 18 days to get a useless reply from their merchant account support team.
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ecnelson wrote: You didn't mention what it is you want to use your PayPal account for. If it's just to buy and sell stuff...
Another guy and I are collaborating on a project, and he asked me to set up such an account.
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