Domain: bidpay.com
Stories and comments across the archive that link to bidpay.com.
Comments · 6
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Re:Questions?They're dumb questions only in the sense that they've all been answered above (though in far more inflammatory fashion than I'm about to).
:)1. No, you shouldn't be worried about it, BUT you shouldn't be giving Paypal your bank account information. You should only be dealing with Paypal on the basis of a bank-issued credit (not debit) card.
2. If you have more than $50 in Paypal, you should take it out immediately. You shouldn't keep a balance with Paypal. If someone buys something from you and the money goes to Paypal, just take it out ASAP (though if they are small transactions, for convenience you might want to wait until you are up to $50 or so).
3. There are indeed viable alternatives to Paypal. One example is Bidpay from Western Union. There's no account balance, you simply buy a Western Union money order (online, of course) and they send confirmation to the seller who can then be assured that their money is on the way. Each transaction is its own beast and nobody leaves any money hanging with them. Some of the above messages contain other alternatives.
4. I don't know if Paypal has to change. I think the consumer perception of them is the problem. Too many people think of them as a bank when they clearly are not. They can't even be confused with a bank if people would simply maintain ZERO balances with them and use them purely as the money middleperson as they were originally intended.
Of course, Paypal has a tendency to foster the impression that they're a bank, so their marketing can take some blame as well.
It's all about education. If somebody isn't giving you interest on money they're holding for you or isn't federally insured - i.e. credit unions, banks, savings and loans - you really need to either move your money elsewhere or, as in my case, SPEND IT.
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Re:That's revolting...Western Union currently has a similar service, BidPay, which is a rather reasonable way to pay online auction sellers and the like. The site automates the process of making and sending a money order, complete with e-mail notification of not only when the order was processed but also shipped out via snail mail. I know it's not purely digital, but it better than nothing!
Mr. Fusion
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Try BidPay
I live in Louisiana. My bank is in Texas. When I sell things on eBay, often times when a person mails me their check and I mail the check to my bank, it takes less time to get my money than it would have taken through PayPal.
Then use Western Union's Bidpay service, as another poster in this sid pointed out. Bidpay will mail you a money order.
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Re:PayPal...
If only western-union didn't charge as much money for money-transfers, they could take over the paypal market.
www.bidpay.com - by Western Union - only charges $3 to send small amounts of money anywhere. I don't usually use them, but they were the only way I could get money to one Estonian seller. -
Re:PayPal...
Actually, they're trying now, with an interesting service called BidPay. It actually mails the seller a money order.
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Credit card authenticity checks.The problem Ive found recently (Im in the UK too) is that with UK credit/debit cards (I have a Visa/Connect from Barclays Bank), the banks dont seem to let people outside the UK get access to the registered card address - this means that the company you are buying from cant check that your address matches the one on the card which is their primary security. - I had to send a photo of my card and my passport to bidpay to get authenticated there, and some companies just refuse to do business with you!
Oh well - its worth the hassle - ebay is my life....:-)
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Lauren Child, lauren@laurenchild.net