[turbo6bar]

Signup is easy. One of the sticking points is that Paypal has direct access to your bank account. If you are selling an item, and the buyer commits fraud, Paypal will not think twice about taking funds from your bank account.

To obtain the funds from a Paypal sale, you have a few options:
1) mailed check
2) funds wired to your bank account
3) use the Paypal debit/credit card to use Paypal balance

As a buyer, I feel you have fair protection (moreso than the seller). Don't let the ease of Paypal trick you, though. Do NOT deal with shady characters.

I have been a Paypal member since inception (back when it merged with another online payment service - don't remember the name). I have handled approximately 300+ transactions via Paypal with zero problems, and at least 80% of the transactions involved me as the seller. However, it is not a matter of if, but when I will be stung by Paypal. I just have to be prepared to take a potential loss and adjust my profits accordingly.

I would love to sign up with a better, competing service, but Paypal is nearly universal. Not accepting Paypal would be a bad business move.

Search the archives here. There are other threads about Paypal. Some guys/gals really hate Paypal, but I would say I'm more or less satisfied with the service.

Regards,
Jurgen