Paypal acts as the middle man and they are the only ones that know your account numbers etc. Similarly, when someone wants to pay you they give their info to paypal, you never see it.
As a consumer, I try to use paypal vs direct online credit cards whenever possible. I figure that confining my data to the fewest sources makes sense, so I try to keep as many transactions flowing through paypal vs a bunch of independent store credit card clearing areas. If you are truly paranoid read the TOS closely. To get a paypal account you _have to_ give them access to your bank account. Both so they can pay you is via direct deposit, they also can debit your account to make payments on your behalf. They way it works is they make a small deposit to your account (a few cents) and then withdraw it to verify that they have access. I haven't looked at the TOS closely in several years but they used to give PayPal the right to just go into your account and take what they think they are owed should you wind up in a disagreement with them. I've talked with folks who have great anxiety over that, but I've never talked to anyone who ever had a problem with it. The only risk I ever saw was if someone I sold something to used a fraudulent credit card or other scam to pay for it. Possibly Paypal could grab that money back out of my account and leave me holding the bag. I don't do anything of such magnitude to warrant worries, and paypal has access only to my checking account, not an account with substantial balances. The other thing with paypal is the fees - the seller pays the paypal fees. The few times I've sold substantial commercial photo licenses, I've just asked for a check and send an invoice, because the paypal fees can be notable on larger dollar (>1000) transactions. Unfortunately, I haven;t had to deal with that problem much. - MCC David J Brooks wrote: > Hi All. > > I have had a nunmber of clients ask if i take paypal. At this time > only cash or cheque. > > I am just setting up for online banking,i;m paranoid still:-),but > unsure whats involved with paypal. > > How do people access my account. I don;t want my visa or bank account > numbers out there for the taking. > > Can those that accept paypal give me an idea of what to do/expect. > > Dave, sir paranoid, Brooks > > Equine Photography in York Region > -- - - - - - - - - - - - - - - - - - - - - Mark Cassino Photography Kalamazoo www.markcassino.com - - - - - - - - - - - - - - - - - - - - -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
