Corelating the inputs above with my own sad experiences and thoughts I would venture to a few conclusions:
- PayPal was created and developed based on the illusion
that one could make an instantenious safe/ secured money transfer, with a click of a button. This is definitely not so, since at the click of a buton is only the withdrawal of your money from your CC or the existing funds in your PayPal account (which lay there, bringing them a hefty profit); when it comes to transfer money from a Bank account (Note: US account only, quite a hustle for the International users, most of which don't have an US account)a sluggish and (I suspect) deliberately delayed process occurs, till funds get into your PayPal account. Then, a "5 working day process" gets in effect, till the money (minus PayPal fees) get into your own Bank account. One could tranfer money from Bank to Bank on a one maximum two day basis, versus waiting sometime 10 days for the PayPal transaction to be "completed".
The Buyer got the illusion that he completed the payment when in reality he has to wait those 10 days, or so, till the Seller comence the shipment. Saves a trip to the Bank
though, which our (too) busy escuses for life cannot absorb.
But one can transfer Bank to Bank, on the Net from his own
PC. Not safe! Who guarantees that PayPal is!?
- for the above masquerade of a so called "service" PayPal
(asside from using the residual funds in their Customer
accounts to make a profit) charges 2.9% + etc. to all those
whom upgrade to the "preffered status". And we know what
constant pressure one has to comply with this status (which
give you "the right" to pay the fee..., or else
- PayPal "service" and "customer care" are a joke (basicaly inexistent and all my mail with them would support that fact. To any question/ problem that I raised I've got inept
answers, of the retarded like type, always parallel to the
question. And never, solving the problem addressed by me.
- their psyhological black mail to accept their new agreement (presented almost as a perk for PayPal customers,
so much is it said to be in their favour...)is a scandal.
Not even have bothered to read that piece of crap (knowing
that a change from such people, should logically be only the
effect of the eforts of numerous experts on "how to screw
the customer in an exemplary/ total fashion")I postponed the
acceptance with their 120 days grace period, hoping that the
reluctance of many older membersh to accept their bulshit will oblige them to give up. When less that 60 days remained
they start sending me daily reminders, on a count down basis. Paradox: spam, from a company that you provide patronage to. Past funny, it should be addressed in court.
- don't worry about their stock: enough suckers, with no
time to make Bank transfers, will continue to feed their stock;
- as for the Mastercard problem, don't worry: those good guys from MC didn't want to protect the us the Consumers, but simply to impose PayPal and the such, to comply to the normal step to issue their own MC (and others will most than probably follow) and pay the price. Ultimately we are
all aware out of whom pockets those fees are covered.
And things will be brought "back in line" or "back to normal".
BTW, if one has alternative solutions or suggestions, "speak up" please!
