Been using PayPal and eBay) both as a buyer and seller since 1998 with many thousand sales and purchases with only one problem which was immediately resolved in my favor.
I've made VERY large purchases and sales. If you use it carefully and do what VillageTinkerer suggested - separate bank account and separate DEBIT CARD on the account - you'll rarely have an issue unless it was due to something you did wrong. Just do your due diligence on any sale or purchase. Also, VERY IMPORTANT, setup your account with TWO FACTOR AUTHENTICATION so any time you (or anyone tries) to access your account you will get a text with a code that needs to be entered to access the account. You can do the same also for bank accounts and credit card accounts and never use PayPal's SEND TO A FRIEND if requested (unless it really is a friend) because you have zero protection.
People are so afraid of PayPal yet they have no problem handing a credit card (or worse a debit card from their primary bank account) to some stranger in a restaurant who takes it to the back room to charge you (and maybe even make a copy of the card to sell on the web).
|