I have had many friends here in Canada have trouble with these electronic
payment systems. I refuse to use them. I always send a money order. It is
far cheaper and less hassle, given the issues with such payment. While it
may take a bit longer to get the shipment, I find it far more comfortable.
The payment systems are just too young for me to trust just yet.
-----Original Message-----
From: Tom Scales [mailto:tscales@xxxxxxxxxxxxx]
Sent: Wednesday, March 14, 2001 8:06 AM
To: olympus@xxxxxxxxxxxxxxx
Subject: Re: [OM] [OT] The fall of PayPal?
It's an interesting read, but a $20,000 transaction through PayPal? What
was he thinking. PayPal is clearly intended for small transaction, not big
ones. Their credit card limit, unless you want to pay fees, is $100 a
month.
Honestly, $20,000 transfers in PayPal sounds suspicious. Sounds like a way
to circumvent the reporting requirements for any transaction over $10,000.
Why would you incur the fees for a $20K credit card transaction (which would
be significant)? Somehow I don't think getting the frequent flier miles
would make up for it.
I float a few hundred, sometimes more, through it almost all the time and
it's been very reliable for me.
Tom
> Best to read this before you trust PayPal with very much of your money:
>
> http://www.salon.com/tech/feature/2001/02/23/pay_pal/index.html
>
> Gary Reese
> Las Vegas, NV
>
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