PayPal

Eagle12
Posted 28/10/2011 - 11:31 Link
I have always paid with my Visa debit card. No requests for bank details, no extra charges seen in any of my bank statements, just price paid plus p&p. I have found it very quick and easy, no hassle at all. And I must have spent nearly £2000 last year.
Edited by Eagle12: 28/10/2011 - 11:32
geclinke
Posted 29/10/2011 - 11:42 Link
I fell into the category of needing to add my bank details, so I stopped using eBay. I've got not intention of giving a commercial etailer direct access to my bank account. Apart from the obvious risk of any security breach, you lose the various purchase benefits associated with the card like insurance and extended guarantees etc..
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bforbes
Posted 29/10/2011 - 12:09 Link
geclinke wrote:
I fell into the category of needing to add my bank details, so I stopped using eBay. I've got not intention of giving a commercial etailer direct access to my bank account. Apart from the obvious risk of any security breach, you lose the various purchase benefits associated with the card like insurance and extended guarantees etc..
Having been the target of a credit card fraud I look at it the other way. I'd rather give out details once and not to every single retailer I buy from. I think that just multiplies the risk.
Pentaxophile
Posted 29/10/2011 - 12:41 Link
Isn't the whole point of Paypal to stop etailers having to access your bank account details? Paypal also has a lot of nice in built protections for buying off ebay.
MarkTaylor
Posted 29/10/2011 - 12:59 Link
johnriley wrote:
I think EU regulations are a core reason. The process of testing a user's location does prove where we actually are. The possession of a tallying bank account probably clinches our identity.
I believe you are correct here John. I work for a company that provides financial products and due to the EU compliant money laundering legislation you refer to we cannot accept transactions over a certain amount without having to verify the identity of the payer. Ownership of a credit card is not considered proof of identity.
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Hyram
Posted 29/10/2011 - 21:33 Link
PayPal could verify ownership of a credit card, without resorting to insisting on bank details.

They could use the system they refer to on their forum.

I think that they are using EU legislation as an excuse.
Hyram

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bforbes
Posted 29/10/2011 - 21:53 Link
Don't forget you can use Paypal to be paid as well as for paying. In which case they need your bank details to credit money to you. Unless you prefer to leave it with Paypal
Pentaxophile
Posted 29/10/2011 - 22:03 Link
Maybe it's cheaper to process bank payments... I can't see there's anything 'shady' going on.
Gwyn
Posted 29/10/2011 - 22:14 Link
bforbes wrote:
Don't forget you can use Paypal to be paid as well as for paying. In which case they need your bank details to credit money to you. Unless you prefer to leave it with Paypal
That's why Paypal has my bank account details.
cabstar
Posted 29/10/2011 - 23:00 Link
Most payments now from bank to PayPal are through direct debit now... obviously cheaper for PayPal to process than debit it credit card payments....
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Hyram
Posted 30/10/2011 - 18:27 Link
bforbes wrote:
Don't forget you can use Paypal to be paid as well as for paying. In which case they need your bank details to credit money to you. Unless you prefer to leave it with Paypal
I appreciate that is part of the PayPal system but all I want it for is the ability to pay for items on websites that I have never previously used, without separately entering my credit card details.

Google Checkout and Amazon Payments are now coming on stream in the UK, so perhaps I shall use those, whilst waiting for my PayPal limit to be reset
Hyram

Bodies: K20D (2), K10D, Super A, ME Super, Auto 110 SLR, X70, Optio P70
Pentax Glass: DA* 300, DA* 60-250, DA* 50-135, DA* 16-50, DA 70 Ltd, FA 31 Ltd, DA 35 Ltd, DA 18-55 (2), DA 12-24, DA 10-17, M 200, A 35-70, M 40, M 28, Converter-A 2X-S, 1.4X-S, AF 1.7, Pentax-110 50, Pentax-110 24
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Frogherder
Posted 01/11/2011 - 17:51 Link
A bit off topic, but does anyone know how to get back a credit from ebay.

I paid the appropriate fee for the advertising and consequent sale commision. The buyer didn't cough up so the sale was eventually nullified. Now every month I get an email advising me I'm in credit.


Bernard
bforbes
Posted 01/11/2011 - 18:35 Link
Login to your account. On the "My Account" tab go to "Withdraw" there should be "Transfer to Bank Account". Normally take a few days to show up.
Frogherder
Posted 01/11/2011 - 23:00 Link
Thanks Barrie, I'll do that next time I log on

Bernard

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