PayPal Alternative? - What's your opinion?

Bank routing and account numbers are printed on the bottom of every check. I just had someone call my bank and "pretext" to gain access to my checking account. They added a name to the account, changed the address and walked away with big bucks. Now, I'm stuck proving that I did not authorize the changes.

As far as PayPal goes, their fees are getting ridiculous. Add in Ebay fees and they can "charge" you up to 13% of the final selling price. The few times someone screwed me PayPal never stepped up to the plate and help me one bit. All though, one time Ebay stepped up and re-reimbursed me $350 after I got ripped off for over $700. Then notarized affidavits had to be filed with the FBI and it was a big PITA. They finally caught the guy and I was receiving $12 every three months in restitution, but thats stopped since the economy went south.

I have done 35 flawless transactions with PayPal since August 2008 and have never had a problem. As a buyer, you have piece of mind and as a seller, you get your money instantly. As far as the fees, I build it into the price of the unit in advance.

Bob

I disagree with Jamiek about never trading outside of Paypal.

I will NOT be using Paypal for the forseeable future and have not for several years since they made such a mess of my account and were non-to-quick at fixing things. I understand this is the exception to the vast experience out there and was for me up until several years ago prior to Paypal's screwup.

I deal with bank money orders, cashier's checks,or personal check waiting 'till it clears the bank. My largest transaction was just over $5k.

This was not meant to be pro & con of Paypal thread. I was really asking if other Agoners have used this person to person electronic banking. Seems very simple and no fees. No fees really. Nothing hidden by ING.

As far as account numbers etc. That info is on every personal check you send.

Was hoping to hear if others use this form of payment. Thus far it seems like only two others have used it.

I hate Paypal and have been screwed but it is the best solution I know of.

There is a way to use Paypal with no fee, not an echeck. Using the Personal transfer tab on the send money page there is zero fee for either party. You must have the funds in your Paypal account...not bank transfer or cc. I have not paid a fee in a very long time.

There was talk a ways back about Google starting a similar service but I guess it has gone away. Too bad because I am pretty pleased with everything they have done so far.