Archived posting to the Leica Users Group, 2004/02/02

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Subject: RE: [Leica] PayPal rant
From: "Joseph Low" <joelct@singnet.com.sg>
Date: Tue, 3 Feb 2004 08:08:39 +0800

Eric

I believe many ebayers out there opted out for one negative reason or other.
I chose to do business the old fashion way - I pay and receive by either
international bank cheques or telegraphic transfer.

It may take more time ( for the transaction to complete ) but it is safer
and definite. Also there isn't a third party in the works.

Joseph Low




- -----Original Message-----
From: owner-leica-users@mejac.palo-alto.ca.us
[mailto:owner-leica-users@mejac.palo-alto.ca.us]On Behalf Of Eric
Sent: Tuesday, February 03, 2004 7:35 AM
To: leica-users@mejac.palo-alto.ca.us
Subject: [Leica] PayPal rant

Argggghhh!

I need to rant.  Figured it might help save somebody here trouble in
the future, too.

I sold my Nikon SLR on ebay.  Decided I wasn't using it anymore and
wanted to put the money into something else.  Used PayPal because that
seems to be the defacto standard for money transactions.

We (my wife and I) have over a thousand dollars in our PayPal account
now.  Money that we can't touch because PayPal no longer wants to do
business with us.

Several years ago, we were the victims of credit card fraud, and
suspicious amounts in rubles appeared on our statement.  We found that
American Express offered one-time use numbers.  Generate a credit card
number that's good for one time and one time only.  It's been great.
No more problems with unauthorized credit card charges.

Fast foward to PayPal.  They apparently don't want our using a
one-time credit card to put money into our account.  They didn't tell
us this.  So, they decided to freeze our account for suspicious
activity.  The only way to reopen it was to fax them a copy of a
credit card statement, and a copy of our latest electric bill.  We did
that.  They acknowledged they received them.  They decided they don't
want to do business with us.  They alerted us by...  Well, by doing
nothing.  They promised an email over a week ago telling us of their
decision.  Nothing.  Everytime we called, we got the run around.
Finally, today, they said they no longer wanted to do business with
us, and they'd hold our $$ for 6 months before refunding it.

Grrrr.  This was the first time I've used PayPal to receive funds on
anything significant.


Eric

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