PayPal versus C2it


Has anyone tried the Citibank C2it service? It seems like c2it have it all over Pay Pal. www.c2it.com

- accourding to the site, there are no fees unless you request a check - $3.00
- It's a real bank, i.e. FDIC insured
- using credits cards, funds are available fast.

Seems like this should become a standard AGon form of payment.

Is anyone using it?
rap
What's all the defense of Pay Pal ...somebody got stock? ;)

I haven't had the pleasure or displeasure of using Paypal.
When looking at their terms of use/agreement (or whatever - am paraphrasing) I was disgusted - They cover their asses 9 ways to Sunday! …Can’t say the same for their customers. THIS inequity combined with the MANY poor experiences sighted was enough to convince me that Pay Pal wouldn’t ever be my pal.

While I don't support any bank per se the C2it sounds like it’d be good for competition (at the very least). Regardless of what service we choose poor customer service and exorbitant user fees SUCK!

Rap
Please post any experiences you have, should you begin using this service.

Thanks for bringing up this possible alternative.
Mike
I probably should have stated in my original post; Yes, I asked for a supervisor; The "potential buyer did likewise;--We both PAID.
Went to c2it at a sellers request--They don't support webtv;couldn't get to secure page.
I might check out the C2it service. I've stopped using paypal on eveything except computer purchases on Agora forum at arstechnica.com. Too many sellers expect the buyer to cover the 2.9% paypal fee for CC. Technically an ethical buyer shouldn't do that (like stores don't pass on the "surcharge" of using credit card, directly (although, some is indirectly reflected in the price). In that case, we shouldn't use paypal and instead find an alternative. The C2it is indeed interesting.

On anything over $1k (usually with most audio) I can just get a money order from my bank (near my office) and FedEx it over night (~$20USD) for the same as a paypal fee. And I probably still come out ahead in terms of protection.
Aroc,
How are you protected??? I have purchased items using the MO path through the USPS (signed reciept and insured). This is a "cross-your-fingers" type of move, in that, if the seller decides to keep the funds you can file mail fraud charges. So far it hasn't happened with the transactions I have had but they have all been under $1500. So how does using FedX provide protection?? From an earlier post someone suggested a bank-to-bank transfer. Is there equal or more protection with that type of transaction? My next purchase is going to be around $5,000 and the seller is 1200 miles from where I live. Any advice is thereby solicited and welcomed.