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Old 04-05-2004, 09:48 PM  
Ron Bennett
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Join Date: Oct 2003
Posts: 1,653
Emptying account is good...BUT if you gave PayPal your bank account number, you could be in for a surprise one of these days.

PayPal can and DOES withdraw money via ACH from people's bank accounts.

Many may think, "who cares, I'm protected"...yes this is true, but the same is true for PayPal when *they* deposit money into one's account via ACH in that they can reverse the ACH transaction later - in that instance, PayPal holds the cards; getting a paper check sent is a way to avoid this particular problem.

Anyways, not sure what I said makes much sense...it's late...bottom line is if PayPal has your bank account info, they can wreck havoc! And on a related topic, keeping a low bank balance offers little protection - bank will send the person a bill for the difference...what one doesn't know about PayPal and banking procedures can cost them big!


Check out http://www.paypalsucks.com/ for more details about how PayPal sucks...and do they ever!

Ron
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