Mike Miller wrote:
> Volks,

> I used to have pay pal then changed ISP's and didn't have it any more. I
> signed up again last night and they said well you can sign up but you can't
> use it until you agree to all these policy changes.

> There are a ton of them. I don't think I could read them all even if I
> wanted to, which I don't.

> Has anybody ever read those things? Are they regular stuff or am I signing
> away my first born somewhere in the fine print?

> Mike

I haven't read them in their entirety but mostly Paypal is making sure
they can protect themselves and that you use your account for legal
activity.

Recent U.S. gambling legislation required them to be able to limit users
use of Paypal for gambling.

I think there is stuff in there that makes it tough for you to launder
money through other currencies.

Mostly, if you break the rules they lock your account.  If the law isn't
involved you probably get your funds back.

I've heard some folks complain about PP but considering the millions who
use it some of the complaints I've seen on the web look like other
services trying to pull users or businesses to them.

If you're worried, open a dedicated checking account at your bank that
you only use with PP.  Keep only enough $ in it for your purchases or
you're willing to take a chance on.  That way, if there is some error
with PP or someone else gains access to your PP account you're exposure
is limited.

--

Wil