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Old 25th January 2009, 06:26 AM   #1
rdonovan1
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Hey Everyone,

I just thought that I would share with you something that I found on PayPal's website and from the sounds of it, it is really making me wondering as to whether they really care about the customer at all.

Take a look at it and let me know what you think of the article.


What is PayPal's policy for merchants who use PayPal as money transmitters or to issue stored value cards?
Question :
Answer :
PayPal defines a money transmitter as any business that accepts and transmits currency or funds, or the value of the currency or funds, by any means.

PayPal defines stored value cards as funds or monetary value represented in a digital electronic format. They can be stored on electronic media, and retrieved and transferred electronically. PayPal prohibits reselling pre-paid debit or other stored value cards unless they are associated with a single vendor.

Merchants must seek prior approval if they intend to use PayPal as a money transmitter or for first-party issuance and sale of pre-paid debit and stored value cards associated with a single vendor.

To be approved, merchants must provide proof of license or registration with the applicable country-specific regulatory bodies and their anti-money laundering policies and procedures. Merchants can inquire about approval in accordance with this policy by sending contact information, business URL, and a brief business summary to [email protected].


I was also wondering if anyone has had any negative experiences with PayPal at all. So far I have had nothing but rotten luck with them.


I don't know about you, but from what I am getting is that they basically don't want you to use their service at all for any reason.

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Old 25th January 2009, 12:25 PM   #2
torka
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I've had and used a PayPal account for about five years now with no problems.

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Old 24th June 2009, 08:28 PM   #3
ClaudioCadwgawn
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I have heard some of the same things however I can only say that my experience using them was fine. I did not have any problem with them and did find it an easy way to do business when paying for my purchases. If I were to purchase items on eBay I would probably use them however it is always a good idea to keep track of the charges on your credit card. I used a card strictly for online purchases that way I was able to easily confirm the correctness of any payments.

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