Why PayPal?

VIPER258 · 21 Feb 2013 at 01:29

People see them as being safe and secure.
Freggin crooks if you ask me.

IronWarrior · 21 Feb 2013 at 02:14

arknor said:
really? how can you even survive without a bank account?

A bank account is a persons choice, it's not essential to life.

Pawnless Endgame · 21 Feb 2013 at 02:36

IronWarrior said:
A bank account is a persons choice, it's not essential to life.

Only if paid cash-in-hand. Monthly / PAYE / whatever will require a current account.

arknor · 21 Feb 2013 at 02:47

IronWarrior said:
A bank account is a persons choice, it's not essential to life.

so how are people without a bank account supposed to get paid? I believe even on benefits giro's don't exist any more

Jambo · 21 Feb 2013 at 03:11

philtor said:
Paypal are a bunch of crooks for selling. The fact eBay own them and profit from both seller fees and then charge for receiving money needs to be looked into. As I say... crooks.

Absolute nonsense. Paypal might be owned by eBay but it is a completely separate business. Processing transactions costs money.

The eBay fees are for the service of selling your items and advertising them to potentially millions of users.

Do you think eBay should have acquired Paypal for $1.5bn and then not charged anyone to use it?

FoxEye, one reason a seller may prefer Paypal is if THEY don't want to link Paypal to their bank account but they want the funds in their Paypal account to make purchases.

There is obviously the additional concern over fraudulent use of your account details as they could technically be used to set up a direct debit. Although you'd get your money back it's still a ballache and may impact your finances temporarily.

troops · 21 Feb 2013 at 03:14

It is easier to use, whether its safer or not that's debatable.

Uncle Petey · 21 Feb 2013 at 03:16

arknor said:
I believe even on benefits giro's don't exist any more

They can be paid into a Post office account.

arknor · 21 Feb 2013 at 03:23

Do you think eBay should have acquired Paypal for $1.5bn and then not charged anyone to use it?

might have got a lot more people using ebay.

I generally check amazon first these days if I'm going to "buy it now" on tools , diy stuff ,small appliances etc

arknor · 21 Feb 2013 at 03:24

Do you think eBay should have acquired Paypal for $1.5bn and then not charged anyone to use it?

might have got a lot more people using ebay.

I generally check amazon first these days if I'm going to "buy it now" on tools , diy stuff ,small appliances etc

just because ebay is a money gouging piece of crap and not he bargain place it once was

valkynaz · 21 Feb 2013 at 05:38

Bennie-Mac said:
Paypal is just arse. I dont understand why anyone would use it on the MM either (as a seller at least), additional fees, more faffing around to actually get the money into your bank and increased risk.

Bank transfer BOSH look there is my money, I can spend it instantly with no fuss.

All it takes is a log in to paypal, click withdraw funds, and the money is in your bank account within seconds. Not that much fuss really.

mo9204 · 21 Feb 2013 at 08:29

valkynaz said:
All it takes is a log in to paypal, click withdraw funds, and the money is in your bank account within seconds. Not that much fuss really.

are you sure about that, it takes 3 working days in the UK

ince · 21 Feb 2013 at 09:15

people donk like to give out their bank details and then pay for things with a cheque without issue

tom_e · 21 Feb 2013 at 09:27

mo9204 said:
are you sure about that, it takes 3 working days in the UK

I'm pretty sure I seen somewhere they updated to "Faster Payments" in the last few months so now it's almost instant.

VIPER258 · 21 Feb 2013 at 10:23

As far as I know its pretty instant. Had a couple of transactions recently and after the buyer paid I transfered the amount to my bank account.

FoxEye · 21 Feb 2013 at 13:16

But as far as anyone can see, there is no reason to refuse BT?

It's not less secure than PP, I think we can mostly agree on that?

Glaucus · 21 Feb 2013 at 13:19

FoxEye said:
But as far as anyone can see, there is no reason to refuse BT?

It's not less secure than PP, I think we can mostly agree on that?

Maybe they want money in PP account as they use it. There's also difference in PayPal fees depending where money comes from. Or at least used to be.
If you send a gift with funds that are already in PayPal you pay no fees.

CREATIVE!11 · 21 Feb 2013 at 13:24

valkynaz said:
All it takes is a log in to paypal, click withdraw funds, and the money is in your bank account within seconds. Not that much fuss really.

5% fees.

FoxEye · 21 Feb 2013 at 14:54

Glaucus said:
If you send a gift with funds that are already in PayPal you pay no fees.

But you can only add funds to your PayPal account using a linked bank account.

You can't add funds from a card (debit or credit).

So again, unless you're willing to link your bank account, you can't avoid fees.

MrKnifey · 21 Feb 2013 at 14:57

I despise PayPal.. Just eBay makes you use it, so your screwed really

Glaucus · 21 Feb 2013 at 15:00

FoxEye said:
But you can only add funds to your PayPal account using a linked bank account.

You can't add funds from a card (debit or credit).

So again, unless you're willing to link your bank account, you can't avoid fees.

He's not adding funds from either of those options. He's getting someone else to add funds, he can then use on future purchases. Hence wanting payment through PayPal. He gets funds in and can then spend them. So many sites use paypal, there is little reason to transfer funds back to a bank account these days.