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Honored Contributor
Posts: 28,989
Registered: ‎08-23-2010

Re: Do you trust PayPal with your bank acct. information

@WenGirl42

 

Thanks for the clarification!

Respected Contributor
Posts: 3,596
Registered: ‎03-10-2010

Re: Do you trust PayPal with your bank acct. information

This was on the news this week... Coming soon Paypal banking.

paypal.JPG

Super Contributor
Posts: 338
Registered: ‎01-25-2018

Re: Do you trust PayPal with your bank acct. information

[ Edited ]

@Tinkrbl44 wrote:

@CARMIE wrote:

@sol_luna wrote:

@luvs2garden wrote:

Do NOT give them your banking information!  


Or your CC info. When I was buying on ebay, someone tried to get a CC, using my name. Had to pay for credit monitoring. I don't trust them and would NEVER again use paypal.


I am confused.  How would buying something on e-bay cause someone to try to get a CC in your name?

 

When you purchase something from someone and pay through PayPal, PayPal transfers the money from your account to the sellers account.

 

The seller never sees your account or CC information. They just have your name and address to send you your goods.  That information is supplied by e-bay.   All they see is a payment in their account and the buyers name.

 

What am I missing here?  I have been a buyer and a seller on e-bay and have never had a problem.  They even handled a dispute I had with a seller who sent me counterfeit goods.  E-bay contacted the seller for me after she ignored me, and got PayPal to refund my money.  


 

@CARMIE     @sol_luna

 

You aren't missing anything here. 

 

Given the facts, I don't see how Paypal could have caused the breach.   

 

@Just because @sol_luna was "buying on Ebay" doesn't really mean anything.   Someone could have gotten her personal information from probably a dozen  other sources.   

 

It would be nice if she explained WHY she thought it was Paypal that caused her problem.    


THAT was NOT the case since the ONLY online buying I did was on Ebay. I ALWAYS have used either CASH for CHECKS for local shopping.

Honored Contributor
Posts: 12,247
Registered: ‎03-12-2010

Re: Do you trust PayPal with your bank acct. information

have had paypal for many years, never a problem.

just got notice they went to new bank begins with Synchro-something bank (same bank as lazy-boy furniture galleries use)

 

I  use paypal for all charge purposes online, find it safer for me. If I return anything, it is just charged back to may paypal account.

Esteemed Contributor
Posts: 5,136
Registered: ‎03-10-2010

Re: Do you trust PayPal with your bank acct. information

I've had a PayPal account for my business for years. I transfer money quite often from PP to my business acct and have had no problems at all.