How Much Power Does PayPal Have Over Our Bank Accounts?
An interesting development regarding PayPal was covered by contract-worker.com. The money transfer site reversed the payment to a freelancer after some conflict with the client. This was possible because the client paid the freelancer through PayPal using a credit card.
Contract Worker had some questions about the issue, and generated quite an interesting comment:
Paypal can use their direct debit authority to take money from your bank savings account due to a reversed transaction from your customer
Perhaps Filipinos who depend on PayPal should request that payments routed to their accounts aren’t done with a credit card? The prospect of PayPal affecting our bank accounts is scary, to say the least.
This entry was posted on Friday, February 29th, 2008 at 9:00 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. You can leave a response, or trackback from your own site.