On the other hand, this is how Paypal prevents scammers from screwing people over. For example, as a verified account, I can't just take your money, withdraw it, and then shut down the account without sending you your order. It's a common problem on ebay and the reason they started implementing that policy. It's also why Paypal can now offer you insurance up to, I think $500. So really the point is so they can offer you better protection as a buyer and monitor you as a seller.
lol, sure ask me anything. It's pretty straightforward though. You link a source of funding (a card or account) then paypal charges you for your purchases plus their fees (which they outline on their site). The charges show up on your invoice just like any other purchases. I think you can use Paypal without verifying (the trouble that Wired is dealing with now) for up to $700.
I think it's easier to just verify right away. It's not any different than doing automatic payments for your cell or energy bill and then you can withdraw you Paypal funds anytime you want.
Also, doesn't linking to your bank account/having a paypal credit card make sure that you actually have the money to spend? So that the seller doesn't get screwed over with a bouncing check?
Anyway...don't worry, if you get screwed over by Paypal...I know where they're based in SJ...we can smokebomb the place. Or put a flaming bag of poop on their doorstep.
They used to bug me about not being verified, but i signed up before they required it.
I think they have been burned too many times.
BTW, if you have online banking, you can do the $1.50 thing and get the code almost instantly. They just need to make sure you are a real person with real money. I understand this, my mom's store got hella ripped off by selling to people online who had forged fake bank info. The payments went through, but didn't clear and she was stuck with the losses and then dealing with international police issues.
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(I know way too much about Paypal now, sorry.)
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I think it's easier to just verify right away. It's not any different than doing automatic payments for your cell or energy bill and then you can withdraw you Paypal funds anytime you want.
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Anyway...don't worry, if you get screwed over by Paypal...I know where they're based in SJ...we can smokebomb the place. Or put a flaming bag of poop on their doorstep.
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Funny how "protection" often equals "giving up privacy" these days.
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I think they have been burned too many times.
BTW, if you have online banking, you can do the $1.50 thing and get the code almost instantly. They just need to make sure you are a real person with real money. I understand this, my mom's store got hella ripped off by selling to people online who had forged fake bank info. The payments went through, but didn't clear and she was stuck with the losses and then dealing with international police issues.
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