Doing Business With PayPal? Is Your Money Safe?
Doing Business With PayPal
How To Protect Yourself From Your Online Bank
You might have heard some of the stories that are currently circulating around the Internet. Stories about how PayPal has started abusing its power and suspending, freezing or even closing down people's accounts on nothing more than a scent of wrongdoing. When this happens, people have had to wait almost six months to retrieve the money that was in their accounts and in some cases, that money was never fully recovered.
PayPal isn't a bank. It isn't a financial institution or even a credit merchant dealer. It is a private company that doesn't adhere to any of the laws that govern normal financial transaction companies. If you have a problem with PayPal, there are no arbitrators or courts to settle your case. If they suspect you have committed fraud, then they act quickly and harshly.
What's worse is even if you haven't done anything wrong, but PayPal is concerned that you might possibly do something wrong in the future, they can (and frequently do) take action to prevent you from using their services.
As a private company, they are entitled to decide who uses their services and who doesn't, but their lack of due process makes the system unfair to those caught between the ropes.
If you work online and run your entire business through PayPal's payment system, even a short account suspension could be devastating to your business. A suspension would mean you can't receive any money, you can't pay anyone and whatever money you have in your account would be completely untouchable for weeks, even months.
Can your business survive the risks it takes to work with PayPal?
Fear not. Doing Business With PayPal is a new eBook that will help you navigate the complicated PayPal landscape and teach you how to work with them so you are protected.
Don't make the same mistake thousands of people have already made. Find out more by clicking on the link below.
Doing Business With PayPal
Good luck,
-AKdude
Got A Problem With PayPal? Give Them A Call!
Your next problem:
Where is PayPal's phone number?
They bury the number because they really don't want you to call. Try 1-402-935-7733 or 1-877-672-9725. Be prepared for some long wait times.
The PayPal Blog
The Official Place For All Things PayPal
This is PayPal's official blog. You can learn a lot here about using PayPal effectively. But you won't learn much about dealing with them if you end up on the wrong side of a dispute with them. For this you need Doing Business With PayPal
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- AKdude
- aka Shane Bryan
- 5,235 followers
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Twittering About PayPal
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- pledman
- Paypal is clueless. Apple is profitable for a reason. My logic board was replaced; just realized my dead battery replaced too. So pleased.
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- thehallster
- The circumstance originates after a manner. -Money Online -Direct To Paypal- Really :) http://THESPIDERSYSTEM.WS
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- creanium
- Does your business rely on PayPal? You should reconsider: http://bit.ly/4vVV8Z #paypalfail #paypal #fail
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- ImTheMan_Leo
- paypal needs to finish that transfer...need to do some work tomorrow.
I Want To Hear From You
What are you experiences with PayPal?
I would love to hear about your experiences with PayPal - both good and bad. Have you had any problems with PayPal? Have all your PayPal transactions gone smoothly. Ever had your PayPal account frozen? Why?
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Reply
- Ariel100 Ariel100 Nov 19, 2009 @ 9:26 pm
- Paypal can be a great service because of the features you mentioned. I have heard both horror stories and smooth transactions. I believe if you just stay within 'normal' operating procedures you will be ok, though it is good to remember the customer is king, and you will lose to a customer dispute every time. There are alternative credit card processing services, but few as easy as Paypal.
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Reply
- tschlotter tschlotter Mar 12, 2009 @ 1:33 pm
- I love Paypal and have never had a problem with them (in over six years).
I enjoy selling internet marketing products that pay directly to my Paypal account because I can access the money the same day via my debit card.
Coincidentally, here's the link to a new report that lists over 200 places you can link up to affiliate products to resell that will pay directly to Paypal.
http://www.autopilotprofitsystems.com
Good Luck Online,
Tina
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- OhMe OhMe Nov 10, 2008 @ 8:29 pm
- I've gotten some spammy email that says it is from Pay Pal but I am extremely suspicious of it and don't open.
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Reply
- kooldave kooldave Oct 31, 2008 @ 12:26 pm
- Many people are still not willing to give their credit card over the internet for the fear of identity theft.
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- chefkeem chefkeem Jun 30, 2008 @ 12:31 am
- I always transfer my money from PayPal into my bank account as soon as I have $100 or so together. Well, I'm a newbie and I don't have large transactions. That makes it easier for me. Good info on your lens. I'll see you in AK, end of August. :-) 5*s
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