Quote:
Originally Posted by jcsike
and if they are not, is there a reason they can skirt this and paypal cant? arent they doing the same things?
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Legitimate banking institutions have rules in place designed to protect consumers (consumers = you and me). Folks that use excuses to skirt the rules ("oh, we're just a computer services firm, and we're based in Zimbabwe where there are no laws governing our business...") are not the folks you want to trust with your money.
Me, I want to deal with banks and regulated agencies. Many folks in this biz, however, seem more than willing to trust strangers on the other side of the planet with their livelihoods -- and you get what you deserve for doing so... Not commenting on any company in particular, merely stating that if you use non-banks for banking purposes (which includes money transfers), then you should simply send your cash to me.