Thread: Avoid PayPal
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Old 13th October 2006, 06:32 AM   #10
Corey Bryant
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Join Date: May 2006
Location: Castle Rock, CO
Posts: 270

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Sorry to hear this has happened to you. This actually happened to a friend of mine's wife. He was actually COO of another merchant account processor. And reviewing everything, he basically found the same thing but his wife settled for half the amount.

When I tell the merchants to consider Paypal, I also tell them - get a separate bank account only for Paypal. And then empty that account on a daily basis. Most banks will not charge you any fees to transfer to another account but some might take a few days. From past experience, Bank of America is almost instant, while Washington Mutual takes a couple of days (I think they should spend less on advertising and more on technology).

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