?

Yeah, I dont care to use it either. Nothing to do with politics. They let my account there get hacked twice and that was enough for me. EBay did the same thing.

If I want to buy something I’ll follow the sellers rules or not spend my money there.

No trouble for me to send a money order, etc.
 
I use an Apple Card, that’s Apple and Goldman Sachs combined…terrible politics, awesome way to pay for everything, they pay me over $1K a year to use their card.
 
Musk no longer holds a stake in PayPal. He exited his position after the sale of the company and used his proceeds from the sale to fund investments such as SpaceX, Tesla, and SolarCity.

Which is "his" country. He's 1/2 South African because he was born there where his father was a citizen. He's 1/2 Canadian by virtue of his mother being a Canadian citizen. He also ZERO American but became a US Citizen.
 
I'm old school.
I do not use paypal,, or any other form of electronic banking. And I know many folks who also refuse to do business with companies that operate certain ways.
(1) A phone number to where you can call, talk to a sales rep, get questions answered,, and place an order.
(2) Companies or sellers who demand an electronic form of payment.
(3) Companies or sellers who fail to offer some form of direct communication. Emails get overlooked or not answered.
(4) Companies limit themselves by ignoring the people who don't have a computer, a credit card or such things.

So, while some people may prefer to use paypal, or other electronic methods of paying stuff,, there are still PLENTY of people who refuse to deal that way. I often wonder what percentage of business get diverted to other companies that DO offer direct contact, and other forms of accepting payments.

So, to answer the OP's question,, I often wonder how can you use it (paypal,) when there are other methods available?
 
I don't like having my bank account information on-line so I never used PayPal. If a seller requires PayPal I don't buy from them. I use a credit card only for on-line purchases. I would never use a debit card since you have no control over withdrawals.
 
I’ve had a PayPal account for years, they did recently save me from a $100 fraudulent purchase. So they are all right in my opinion. They are a secure bank, and have to follow the banking laws and procedures.

And Contender, I get what you are saying, but unless you strictly use ONLY 100% cash, you have participated in online electronic banking. I.e, credit card in a gas pump? Or buy anything online and pay with credit card?
 
hittman said:
Anything and everything you can do to reduce your exposure is a good thing.

Agreed 100%. I try to explain this to my daughter almost daily. And THAT is an ongoing battle. She has a phone now, so privacy settings on the phone, to internet browser extensions.

A little off topic, but thankfully her age group isn’t as concerned with social media.
 
RonT said:
I don't like having my bank account information on-line so I never used PayPal. If a seller requires PayPal I don't buy from them. I use a credit card only for on-line purchases. I would never use a debit card since you have no control over withdrawals.

You do not need to tie your bank account to it. My personal account only has a credit card attached.

Business is different. I will take any form of payment, but you would be surprised how many these days only want to use PP.
 
RE: Bank Accounts
I have TWO checking accounts, One is the Primary Acct where my Social Security check gets deposited, the other is my spending account and I use the debit card for that one when grocery shopping etc. I transfer money to the spending acct to cover anticipated spending. I DO pay bills through the Bank from the main account, but that is controlled by the bank and doesn't reveal my account number.
 
"I’ve had a PayPal account for years, they did recently save me from a $100 fraudulent purchase. So they are all right in my opinion. They are a secure bank, and have to follow the banking laws and procedures."


Maybe I don't understand your situation, but you have an account with PayPal? And "they" saved you from a fraudulent purchase through their company?

It sounds like you're a thoughtful consumer, but we should guard against "Stockholm Syndrome."

That is, we start sympathizing with our captors.

PayPal is in business for profit, and they make revenue on your transactions.

So it is in THEIR best financial interest to protect their clients from fraud (as well as having a possible legal responsibility).

Of course, we feel relief when the Customer Service agent informs us that "they" will help us - that's only natural.

But they are a business, and they need to earn our loyalty and future business commitments.

And they need to safeguard your account, as best as is possible in this digital world.

BTW, I'm not picking on you, just offering another perspective.

This may be what you were saying already.

Monty
 
Monty:
Yes, those are all good points. One way a company can earn my loyalty is the ease at which they solve problems. The problem PayPal solved was very easy on my part. I was being stupid and went to a new website I haven’t been to before to buy something. Not one of the trusted websites my family and I have used in the past.
 
And now, the Feds want to know every time you make over $600, so they can be certain to tax you on it. Digital payment is certainly convenient, but who here thinks that they don't report all of your actions to the Feds?
 
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