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Ever been scammed (paypal related)? (pg. 3)
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| Omega_M |
| I don't know about banking and finance, so I'm just asking. Suppose I want to transfer $$ to another currency in another country. Can I do that using paypal without going through the hassle of involving banks and needing to pay commission and high transfer fees ? |
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| Dr. Cfire |
| quote: | Originally posted by Omega_M
I don't know about banking and finance, so I'm just asking. Suppose I want to transfer $$ to another currency in another country. Can I do that using paypal without going through the hassle of involving banks and needing to pay commission and high transfer fees ? |
http://www.westernunion.com/
But I wouldn't try if your sending money to someone with a foreign type name. The "war" on terror has forced them to attempt to stop transfers to "terrorists" and since foreign name = terrorist it might not work! |
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| Omega_M |
| I'm guessing there are millions of money transfer transactions taking place daily. The level of scrutiny may depend on the country where the money is being transferred. |
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| gehzumteufel |
| paypal is NOT a bank. and although it should be required to follow the same laws and what not considering what they do, they do not. its wack but yeah. thats what makes paypal so ed up. |
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| Dr. Cfire |
| Yah I would suggest just doing a wire transfer at your bank or money orders. The banking industry has stricter rules so they can't just decide to not send your money. In Canada at least a financial institution cannot refuse valid Canadian currency. |
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| Dr. Cfire |
| quote: | Originally posted by gehzumteufel
paypal is NOT a bank. and although it should be required to follow the same laws and what not considering what they do, they do not. its wack but yeah. thats what makes paypal so ed up. |
They are working really hard to not be a bank. They are lobbying in Canada to not become a bank so they wont have to follow banking laws. like freezing your accounts without a court order doesn't fly in real banks.
The real scam they run is they invest the float in high risk funds. So when they are losing on investments the start to freeze accounts. They lost the float so they can't repay their clients when they want to withdraw. Paypals solution them they are "criminals" so no money for them.
Real Banks are required by law to have a certain amount of free capital so that clients can close their accounts, make withdrawals etc. |
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| gehzumteufel |
| quote: | Originally posted by Dr. Cfire
They are working really hard to not be a bank. They are lobbying in Canada to not become a bank so they wont have to follow banking laws. like freezing your accounts without a court order doesn't fly in real banks.
The real scam they run is they invest the float in high risk funds. So when they are losing on investments the start to freeze accounts. They lost the float so they can't repay their clients when they want to withdraw. Paypals solution them they are "criminals" so no money for them.
Real Banks are required by law to have a certain amount of free capital so that clients can close their accounts, make withdrawals etc. |
yeah same with here in the states. they need to be forced to become a bank. the way they are doing business is VERY VERY bad. theres a reason why i dont keep money in there. |
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| _Ocean_Drive_ |
I got an e-mail recently, telling me that Paypal is no longer going to be covered by the FSA, and is moving to Luxembourg.
Seriously considering terminating my account now... |
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| _Nut_ |
Repost. Read the thread and you would see someone already mentioned that.
You = fail |
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| SuspicionVandit |
| quote: | Originally posted by _Nut_
Repost. |
, why me god, why me |
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| tranceDJ |
| Alls I know is Psy-T likes paypal...he wouldn't have acquired his dildo without it:nervous: |
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