why is paypal so bad

[juaner]

as somebody who is in a wheelchair i use paypal .. its so much easier for me then going to the bank why is it that so few people take and yes im aware of some of problems it can have but e-transfer is pain for me

P.S. I should clarify that a lot of ads on this website and others don't take PayPal I have been robbed before so ATMs and just cash in general are are not the best thing for me

 

[P3t3rp4n]

PayPal takes 30 cents out any transaction you do. That's why a lot of business and websites perfect digital credit or an ewallet at least. For escorts you should have someone you trust hit up the bank or local ATM for you.

 

[badbadboy]

I'm not sure what your application is for paying for goods/services but for ease of use PayPal is great from a buyers perspective.

From a sellers perspective, I will accept PayPal as my last final option. They charge big fees, their USD to CDN rate is poor and worst of all they have the power to lock up your bank account and credit card until they are satisfied with all the details.

I had a client send a payment via PayPal Gift option thinking he was doing me a favour. They locked up my account with over $3K USD in it for a month pending investigation. Innocent mistake that caused unnecessary BS .

Now I keep $50 in there and request payments by wire transfer or Bank Draft. Easier for me, a pain for my clients but at least my $ is not locked up by PP.

 

[rekun]

I've done thousands of transactions on PayPal through eBay and others. The biggest problem aside from the high fees is that PayPal can do whatever they want to your account, like freezing it. If you sell something and the buyer claims he didn't receive it, the onus is on you to prove it with a tracking number and signature, which isn't always used due to CanadaPost's ridiculous shipping prices.

Some scams involve paying you with a stolen card, or asking for local pickup, and then reporting to PayPal that item was not received.

Just too many issues and the high transaction costs make it not worth it

 

[hornygandalf]

I'm working on developing an online business (webinar/educational services) and have been wondering the best way to accept payment.
I'm aware of the problems with PayPal (and had problems myself with multiple PayPal accounts in different countries and at one point living in a country that technically wasn't included within the PayPal universe), and am wondering about cost-effective alternatives. Advice or suggestions? Click Bank is one option. I'm wondering what others have experience with that may be a better option.

 

[twoblues]

I'm working on developing an online business (webinar/educational services) and have been wondering the best way to accept payment.
I'm aware of the problems with PayPal (and had problems myself with multiple PayPal accounts in different countries and at one point living in a country that technically wasn't included within the PayPal universe), and am wondering about cost-effective alternatives. Advice or suggestions? Click Bank is one option. I'm wondering what others have experience with that may be a better option.

Paypal is the simplest in terms of getting up and running and overhead costs. I've used Paypal for years without issue.

You can go with something like Moneris, but then you are also paying for an SSL certificate (and static IP) which is an added yearly cost. The benefits of going with a payment processor are: the customer remains on your site throughout the transaction, it's easier for the customer to understand (Paypal takes you off-site to complete the transaction though there is an option with Paypal to complete on site for an added cost). The processing cost percentages are about the same.

Paypal is a known brand, so if you want a cheap solution, it is a popular choice. When you go into lesser known brands, you risk driving your customer away with uncertainty.

 

[hornygandalf]

Thanks. There are pro's and con's each way. Still looking to see what other ideas there are that I may have overlooked.

Ultimately I'll probably have the related bank account offshore as I anticipate I will be dealing with multiple jurisdictions (I already have bank accounts in several countries), but have experienced problems with PayPal previously as a result of that.

 

[Stormrider]

In this hobby, i dont blame the girls for not taking Paypal as it seems to discriminate against sex workers, don't take my word for it:

Paypal

 

[juaner]

i appreciate all the replies does anyone have any Paypal alternatives i could try something besides e-transfer

 

[badbadboy]

I'm no expert but have you investigated Bitcoin? I recall seeing a few ads where SP's accepted it?

Sorry about you being robbed when getting cash from ATM's.

 

[newatit]

I don't use PayPal much but it's been ok for chattels. For SP services other things have worked well in cases of steady relationship deals. Payment to a credit card account is one or her phone bill has been workable. Alternatively I've done direct deposit to bank accounts at the bank or on the net. Email transfers are almost immediate now so that can be done before you leave. With the Royal if u are both Royal clients a direct transfer immediately is possible between accounts. But in any of this a record is created and I know an SP in big trouble with income tax cheating caught by electronic records. Her bank accounts were audited by CCRA.