Of course it gives them the right to withdraw. That's the idea. You get funds in your paypal account and transfer them to your bank account. If you pay with paypal, they take the money fromn your paypal account first, and when that's used up, they withdraw from your bank account OR credit card whichever you choose. YOU tell them to withdraw, any other withdrawal would be froud on thier part. The exception is if there is a dispute, and they may recover what they paid you for that auction. The solution is to have a seperate account just for your paypal or other like accounts to work with. And keep them empty, when the funds come in, transfer them to another account. They can't access any other account they don't have auth. for. I've been using them for years with no trouble. I think you can also instruct the bank to allow no withdrawals other than your bank withdrawal slip. Ray Jones > From: jwilson@xxxxxxxxxxx > Reply-To: jwilson@xxxxxxxxxxx > Date: Mon, 26 Sep 2033 21:43:24 -0700 > To: L-FORWARDLOOK@xxxxxxxxxxxxx > Subject: Re: [FWDLK] Possible scam > > You might be wary of Paypal for other reasons, I was told by > my bank that the "security" proceedure paypal uses after you > have used them for awhile gives them access to your bank > accts. I could not believe it but if you let them "deposit" and > remove the few cents you have given them the right of access > in some states. > It either credit union cashier check, postal money order or > no business from me. > Jim > > -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- > Over 25,000 pages of archived Forward Look information can be easily searched > at > http://www.forwardlook.net/search.htm Powered by Google! > -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Over 25,000 pages of archived Forward Look information can be easily searched at http://www.forwardlook.net/search.htm Powered by Google!
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