Originally Posted by Saraguie
A few years ago I sold a lot on Ebay mostly paid thru PayPal....I never had a problem. If your talking about fees, then perhaps you don't have experience with accepting major Credit Cards?
If PayPal was so bad, I don't think the majority of Audio vendors known to us here on HF would accept it as a form of payment.
But hey, that's why they make vanilla and chocolate flavors.......we are able to have choices ain't life grand!
Paypal is indeed bad, and it's well known. However, most of the alternatives are not very convenient by comparison. My personal bad experiences with them involve when I was selling things and people raised bogus disputes despite receiving what they bought. One dispute took them 30 days to resolve, so I was out $500 for the month due to that bogus dispute. A second time for $700 with the same circumstances. I was lucky enough to not lose much money. Keep in mind that during those bogus disputes my Paypal account is completely useless as I cannot send any money nor can I receive it. Recently when trying to open an account to pay for some headphones here, I had more problems with them. I'm done with Paypal.
http://news.cnet.com/2100-1017-842240.html (one source from original link)
Paypal is notorious for holding money without telling anyone anything. There have been several class action lawsuits due to related issues. Just because YOU have not had problems with Paypal personally does not mean Paypal is good.
Why would they ban class action lawsuits? http://www.theverge.com/2012/10/17/3511792/paypal-class-action-suit-ban Oh right, because people keep filing class action lawsuits due to their scummy business practices.
Paypal - 6430 BBB complaints closed in the last 3 years.
Sennheiser - 15 BBB complaints closed in the last 3 years.
If you don't think that's fair, then here is Google - a company which is used by or has products used by as many people, if not more than Paypal: Google - 1457 complaints closed with BBB in last 3 years.
So Paypal has roughly 5x more complaints than Google within the past 3 years. Hmm, wonder why? Simply google "Paypal sucks" and you'll find your answer.
Getting off topic here though. If you'd like to persuade me how great paypal is, feel free to PM me.
Edited by Zalithian - 2/14/13 at 2:53pm