dnldcart2007 so basically your saying and answering known questions. Paypal has to be in full controll of every transaction. Wether you use thier basic services or thier merchant services.
Thie grand merchant services just had a Fee increase. Now thier charging big sellers even more then before. Plus you have to manually enter all your products.Just like any other Merchant account.
Paypal Uses first data to transmit all thier credit card transactions. Then they bump the fees and charge a monthly fee on this service , and a transaction fee 35 cents or so and of course thier percentage fee.
Basically what you stated in your post is exactly what a person with a real merchant account has. Except one major issue. Paypal has no buyer protection. That is a total advertising scam. According to the FDIC a consumer is only responsible for $50 of a fradulant transaction. Many times a bank will pay this $50.00 as a benifit to thier own members that use credit cards.
So of couse paypal can offer up to $5,000 in buyer protection because paypal only has to cover $50.00 if something goes wrong, just like any bank would do for free. This $50.00 is of course paid for by the sellers with paypals high fees. This buyer protection of $5,000 is just an advertising tactic.
I know this is is supposed to be convenient. But you still have to worry about your account being frozen. Because Yet again PAYPAL IS IN CONTROL OF YOUR MONEY. And they have control of your bank account. They can withdraw every penny out of your bank account on a whim because you agree to this in your user agreement.
I used to find paypal convenient untill they froze my account that had 23,000 in it. It almost cost me my business, and I started doing research and found out I was not alone. And that I was just like over a million people that had been screwed by paypal.
And now I find it funny when people defend them saying I have not had the problems with paypal that some have had. Its not a matter of IF its a matter of WHEN. I used to tell members the same punchline. 'I have had no problems with them'
Trust me I know more about paypals tricks then probably thier own staff. I spent countless hours researching paypal and the scams they pull on people.
And you wonder why some of the biggest online companies do not use paypal.
Get a real merchant account
. AND DONT CROSS YOUR FINGERS AND HOPE THAT ONE DAY YOU DONT BECOME A VICTIM.