scotspark wrote on Mar 17th, 2007, 4:09pm:I have used paypal previously with my credit card but my details have expired when the card was renewed. but I have just been told of a friends card being stung for over 8 grand via paypal ( i am not sure yet of details) but would rather send a cheque than take the risk. if you pm me maybe I could send cheque to you and you send it to ATT via paypal???????????????
The problem with PayPal is that they set-up what is in effect a direct debit arrangement with your bank - in reality they retain your credit card details, including the card issue number and the security code on the back (which I am told they are not supposed to do). That allows them to take money any time they like. And as far as I ama aware is a flagrant breach of the Banking Code which requires European registered banks to specifically request the security code for every transaction. But then as PayPal aren't registered as a bank and don't officially exist as a registered, authorised, regulated body in the UK they seem to think they are above the law. My own bank is one of those pressing for PayPal to be forcibly registered and brought into line - which would make them accountable to the authorities as there is major concern about the amount of fraud and money laundering going on via PayPal.
I was unaware of this thread. Like to tell me wher to send a contribution via Snail Mail?
Scrit