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[nicole0214]

guys, has anyone used paypal yet? i really don't know how it works.. how do you withdraw money from it? if so, you have to provide your bank account info? sheesh.. ^_^

[swallow_046]

guys, has anyone used paypal yet? i really don't know how it works.. how do you withdraw money from it? if so, you have to provide your bank account info? sheesh.. ^_^

yes you have to provide you bank account so you can transfer money or you have to provide your credit card

[greentires4me]

well how else would you get the money from paypal then?

[kloe2008]

wow just got 4 swag bucks

[romeoz]

3sbs for me!

[laurac86]

I've been trying to get 1sb all day to have enough for another GC, but still no luck.

[srishayini]

wow just got 4 swag bucks

me too. never seen this before

[SweetDeals]

guys, has anyone used paypal yet? i really don't know how it works.. how do you withdraw money from it? if so, you have to provide your bank account info? sheesh.. ^_^

Hi nicole0214 -- as swallow046 said you do need to provide your banking info. But Paypal has been around for several years and is used by some major e-commerce sites (and it's owned by eBay) so it's considered pretty trust-worthy.

[lotus]

yay kloe, romeoz & srishayini! so many good wins, I'll be yaying all day at this rate... if only thecountess was here to woot along.

I'm waiting on one more too, laurac, good luck!

[Aslan]

Hi nicole0214 -- as swallow046 said you do need to provide your banking info. But Paypal has been around for several years and is used by some major e-commerce sites (and it's owned by eBay) so it's considered pretty trust-worthy.

Well, trust-worthy is a bit strong. I tend to avoid using Paypal unless I absolutely have to as there are way too many horror stories.

[parisprincess]

I've never had any problems with Paypal even when I open disputes because of not receiving something from a purchase off ebay, they always act quickly to get my money refunded

[t4tintin]

sigh.... haven't got any after quite some searches.

[Tannie]

I would say PayPal is very trust-worthy. When I started with it over 4 years ago, I had to provide a credit card and my banking information. I also had to transfer and wait for money when I was buying things from E-Bay. Now it seems it's much easier to use - if I don't have money in PayPal, I use it and it takes the money out of my bank account (or charges my credit card, whichever one I chose). I have sent and received payments with no problems.


On a side note - 2 more referrals from some friends and a couple other friends told me they would check it out. Hopefully they will search though, that's the key!!!!!

Oh, and only 1 SB today!!!!

[SweetDeals]

Well, trust-worthy is a bit strong. I tend to avoid using Paypal unless I absolutely have to as there are way too many horror stories.

Really? Please share! I've heard plenty of phishing horror stories where someone faked an email from Paypal, but none about Paypal itself... at least not in the past few years. Now you've got me nervous!

One option is to open a new bank account and use it for Paypal transactions, transfering any balances out as soon as they're deposited. This doesn't change the fact that you'll have to share personal info, but it does mean you won't have to worry about someone taking out money that isn't there!

[Aslan]

Really? Please share! I've heard plenty of phishing horror stories where someone faked an email from Paypal, but none about Paypal itself... at least not in the past few years. Now you've got me nervous!

One option is to open a new bank account and use it for Paypal transactions, transfering any balances out as soon as they're deposited. This doesn't change the fact that you'll have to share personal info, but it does mean you won't have to worry about someone taking out money that isn't there!

http://www.paypalsucks.com/

This website explains it well enough and it isn't hard to find more complaints through Google.
I do use Paypal on occasion but only with small transactions, and if I get a large amount of money I transfer it out immediately.

Edit: You can further limit your risk by opening up a separate bank account for Paypal as well.