It's only a secure (depending on your definition..) method to transfer funds. It is NOT an escrow service, which allows the buyer to examine the goods before payment goes to the seller.
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Please do a search of the forums on this topic for further elaboration. try this link |
Paypal is a great transaction service. Beware of those that "add 3%" to purchase price for PayPal. This is against the rules. Our customers have conducted thousands of transactions thru them without a hitch. They sometimes get a bad rap which they don't deserve. Folks sometimes don't understand/read the transaction terms. The payment/funding is generally instant via credit card and/or instant withdrawl and the seller will be charged a handling commission on the total sale when funds transfer to their account. It is not an escrow service. Once you purchase, it is yours (unless you have made other arrangments with the seller). Happy Listening! Dan dedicatedaudio.com |
They allow you to set up an account for free and funds may be sent using your credit card. Once my account had been set up the amount they would allow me to send slowly decreased from a reasonably high amount to $17.00. They said to send more than that to someone I had to get verified by giving them a bank account number. This included money that they were holding for me in my account. In other words, I tried to purchase parts from percy audio whose value did not exceed the $32 they were holding in my account but since that was over the $17 limit I couldn' do it without giving them the personal bank account number. It may be legit but in today's age of identity theft and fraud it just seemed kind of suspicous to me so I didn't do it. |
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