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Re: [OM] [OT] The fall of PayPal?

Subject: Re: [OM] [OT] The fall of PayPal?
From: "Tom Scales" <tscales@xxxxxxxxxxxxx>
Date: Wed, 14 Mar 2001 07:06:07 -0600
It's an interesting read, but a $20,000 transaction through PayPal?  What
was he thinking.  PayPal is clearly intended for small transaction, not big
ones.  Their credit card limit, unless you want to pay fees, is $100 a
month.

Honestly, $20,000 transfers in PayPal sounds suspicious. Sounds like a way
to circumvent the reporting requirements for any transaction over $10,000.
Why would you incur the fees for a $20K credit card transaction (which would
be significant)?  Somehow I don't think getting the frequent flier miles
would make up for it.

I float a few hundred, sometimes more, through it almost all the time and
it's been very reliable for me.

Tom

> Best to read this before you trust PayPal with very much of your money:
>
> http://www.salon.com/tech/feature/2001/02/23/pay_pal/index.html
>
> Gary Reese
> Las Vegas, NV
>



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