silvermesa1 wrote in post #17820002
I have used pay pal as a buyer on FM and it has worked great. I'm a bit apprehensive to use it as a seller since I have to give them my checking account number. Just looking for a reasonable alternative.
You only need to give PayPal a checking account number to initially verify your account. You can open a checking account expressly for that purpose and close it after the account is verified. The downside is that you can't cash-out your PayPal balance; but you can get a PayPal debit MasterCard to spend the balance. I had my PayPal setup that way for seven years without any trouble, only linked a valid checking account when I started selling things on-line.
If you do link your checking account to PayPal I suggest linking a separate account from a different bank than your regular bank account(s). Most banks have the right to offset overdrafts against any account you hold with the same bank. I had a PayPal merchant charge me twice for a $400+ transaction, which overdrew my PayPal-linked checking account. While I was going through the bank's dispute process they decided to offset the overdraft against my separate household checking account, which then caused my mortgage and other payments to bounce. Eventually it all got sorted out and the bank refunded the fees, but it took 2 or 3 months of almost daily effort to get any action.