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PayPal Safe? Not really...
PayPal Safe? Not really... –
Just been looking about the web, we've all seen ads and recommendations that PayPal is safe and easy.
They are not a bank and are not regulated as such...
This is bad for you why?
Their terms of service are not completely disclosed upon signup and some key "conditions" are not disclosed. No place do they openly tell potential members that their money is 100% at risk. That PayPal can, will, and has in the past, completely cleaned out customers' accounts, (including your checking or savings account) with no appeals process available.
If PayPal feels your actions are questionable, PayPal is the investigator, judge, jury and executioner. "Telling your side" of what happened, in most cases seems to be irrelevant. They also refuse to provide you with the details of their investigation and withhold documents they relied upon to make their decisions.
You can find more details at www.paypalsucks.com be wary of sites recommending PayPAL as being the safest way to buy things, especially where modchips are concerened after the Lik-Sang incident
If you are a bona fide, up-standing individual with hundreds of successful transactions, but someone pays you with a stolen credit card, your account (by PayPal's own admission) is immediately flagged as being "criminal behavior" and any money in that account is confiscated. If a customer "disputes" the charge, same thing happens