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Klarinet Archive - Posting 000539.txt from 2001/07

From: Bill Hausmann <bhausmann1@-----.com>
Subj: Re: [kl] Off topic but could use advice on Paypal
Date: Wed, 18 Jul 2001 19:52:16 -0400

At 05:37 PM 7/18/2001 -0500, you wrote:
>Bill, there is a very good reason why they want to confirm your address.
>
>As previously stated, Paypal works (in part) off the "float". They also
>realize other substantial revenues from (% & fixed) fees they charge to
>Sellers, & from other activities related to their Electronic Payment
>Business.
>
>If _your_ home address (or the address where you receive your credit card
>statements) is confirmed by Paypal, they *KNOW* you are a much _better_ risk
>when it comes to fraud, etc. Who do you think bears the brunt of fraud?
>(Paypal & their Sellers in certain cases).
>
>Many Paypal Sellers will _NOT_ ship to an Unconfirmed Address of a Paypal
>buyer. Why? Its simple. If the originating Paypal payment is via credit
>card, the Seller is (always) subject to credit card chargeback(s) for
>shipments to an UNconfirmed addresses. This could be due to buyer
>unhappiness, or fraud.
>
>Buyers should review the chargeback policies of _OTHER_ online electronic
>payment "vendors", such as BillPoint (eBay).

They can have my ADDRESS all day, and in fact they DO have my confirmed
address, but my bank account number is MY business, especially since the
credit card I am using is completely unrelated to that bank.

Bill Hausmann bhausmann1@-----.com
451 Old Orchard Drive http://homepages.go.com/~zoot14/zoot14.html
Essexville, MI 48732 ICQ UIN 4862265

If you have to mic a saxophone, the rest of the band is TOO LOUD!

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