I wonder if its better to tie your Paypal account to a credit card, for additional protection?  I think I have to pay a maximum of $50 for fradulent use of my credit card account.

Jeff

>
> From: Wil Haslup <whaslup@GMAIL.COM>
> Date: 2006/11/17 Fri AM 10:07:21 CST
> To: vanagon@GERRY.VANAGON.COM
> Subject: Re: NVC pay pal
>
> 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
>