#16
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In my experience, paypal is an outdated tool. The OP, plus plenty of others, suggest paypal's "protections" are weaker than they would be with a credit card, despite the same transaction cost. Ripoff, in my view. Plus, the few times I've had to deal with their customer service, it was horrendous - even the worst credit card I ever had was much better.
When buying from merchants, I just give a credit card ... and have one specifically to do potentially riskier online transactions. Never a problem yet, but if there were, it won't take down my core credit card. For guitar transactions, I have migrated to free payment methods. The best is Zelle, a cash transfer service that many banks have added to their suite of services. The bank pays their fee, and you benefit by having the transaction under the bank's umbrella of protections. Easy, nearly instant fund transfer, and no 2.9% (or any) charge. Hard to see a reason not to use it! For Zelle transactions, in lieu of the "protections" paypal provides, I go deep and vet the buyer/seller (including a live phone conversation). Effectively, I'm using diligence to lower the risk of encountering a problem vs asking a paypal to solve it after. Never an issue so far, though it does require a bit of my time. I'm ok with that. |
#17
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Tom |
#18
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Some CC companies give you the ability to generate one-time virtual card numbers. Same protections, but no worries about your card number being stolen. I use it pretty much every time I do a non-subscription online CC payment. Check if your CC provider offers this.
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#19
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While we are on the topic, I just got off the phone with my credit card company. They now consider Paypal transactions as a "cash advance" and start charging interest on the day of the purchase. It doesn't amount to much but it was annoying to see even minor interest charges on the statement for the first time in many years. I may have to change credit cards.... especially since frequent flier miles mean nothing to me any more. This week is the five year anniversary of my last airline flight EVER. (I wasn't actively tracking that, but having to deal with "customer service" at the credit card company and looking at statement dates dredged up the old bad memories).
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#20
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