Quote:
Originally Posted by retiredguy123
If your credit card is with an FDIC insured bank, and the merchant accepts the credit card as payment, the bank is required to comply with the Federal credit card dispute process. I would never pay a merchant with a third party payment, such as PayPal. Merchants like to use PayPal as a way to bypass the Federal credit card dispute process. The Federal dispute law allows you to dispute a charge within 60 days from the date that the charge first appears on your credit card statement. If the merchant failed to deliver the service or product you paid for, the bank must issue a credit to your account.
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I didn’t know that about PayPal. I recently booked a vacation in Florida and the company said they use PayPal, and don’t take credit card payments directly. I thought that was quite unusual. Your post is interesting as to why they use PayPal. Now I’m a bit concerned. Anyway, thanks for the info.