04 August 2004 @ 11:49 am
Important question  
Would it be good to have a paypal account? Can it be dangerous?
Tell me please....cos the rules changed and you can do it with money order in Germany.
So I do have the possibility now.
 
 
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Cat[personal profile] akacat on August 4th, 2004 06:58 am (UTC)
I've used it for years, and never had a problem. The two most common problems are:

1 - If you ever accept payment from someone whose account is backed only by a credit card, paypal will start charging you transaction fees.

2 - If someone disputes a paypal transaction paypal may freeze both accounts, and you'll probably never get the money that was in your account. This doesn't happen very often. But just in case, I withdraw money from my account asap.
[identity profile] elli.livejournal.com on August 4th, 2004 07:36 am (UTC)
Well..I can only load my account with a money transfer/money order....does that generate problems?

And what's this thing with special accounts...?

Thanks!
Cat[personal profile] akacat on August 4th, 2004 03:02 pm (UTC)
So that's why you were worried about my post. lol!

I don't know of any special problems with money order accounts. I guess it means you'll always have money in the account that you could loose if they freeze it, but it's not very likely.

I'm not sure what the special accounts are...

afaik, there are basically two types of accounts, personal and business. Personal has minimal fees, but you can't receive payment from anyone using a credit card.

If you try to receive payment from someone using a credit card, you have to upgrade to the business account, which has fees for every transaction.