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Re: Paypal safety suggestion and question.

To: Jack Feldman <qualitas@millenicom.com>
Subject: Re: Paypal safety suggestion and question.
From: Paul Root <proot@iaces.com>
Date: Thu, 05 Feb 2004 08:03:44 -0600
Paypal is the 'paid' vendor of the charge on the creditcard. So they 
have to pay the 3-4% whatever the Visa/MC/AE charges.

Jack Feldman wrote:

> First the suggestion.
> 
> I always use my credit card to pay for goods though Paypal. That way, if the
> deal is sour I can protest the charge to my credit card company, and they
> accept my word. There is no security in using your checking account, at least
> not with my bank.
> 
> If you look carefully there is a link to paying with other accounts, but it is
> hard to find, and they make you go though another screen before you can
> implement paying with the credit card. I also set up another checking account
> only for Paypal, and keep less than $50.00 in it. That way I satisfy the
> Paypal requirement that I have a linked checking account, and protect my main
> account.
> 
> Now for the question. Why does Paypal want you to use the checking account
> instead of a charge card? I assume that it is somehow more profitable to use
> the electronic transfer. Perhaps there is no charge for the transfer while
> there is a charge from the credit card company.
> 
> Jack

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