Some small businesses find PayPal more cost-effective than credit card companies for processing transactions.
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I'm not looking forward to MS doing it. The Bill Gates model is "charge subscription fees." I'm not for that.
I use PayPal, but competition is always welcomed.
They are VERY heavy handed, they do not appeal and nor can you get a hold of a person who can explain exactly what happened. Who in the right mind would use a company that can cut off your revenue stream with no questions asked, had I received a warning I would have GLADLY complied. I spend hours of phone calls with no avail.
Just a warning to anyone considering PayPal for revenue... Have a backup plan. I finally switched to a merchant account with my local bank. FYI, I am a shareware developer who sells software I wrote on my site. The software is system utility for network auditing. My customers include fortune 100 companies. So all legit. I was doing > 10,000 USD/Month with them.
My story is featured on Paypalsucks.com and Paypal warning.com.
- whoa!!!
- by zmanzero December 19, 2005 12:00 PM PST
- i've read some legendary horror stories about paypal at paypalsucks.com. just real horror stories...
- Like this Reply to this comment
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(4 Comments)