Is Paypal safe?


I can't access to the Paypal site all day today, and some one have just deposited some money into my Paypal account yesterday. Is it safe to use these type of services? and will there be any protection for the members if the services close down some day?
dtsag

Showing 2 responses by kjg

After reading somewhere around 100 posts about Paypal over the past 6 months, my impression of their service is certainly not very favorable. I understand that the majority of people that use their service do so without a hitch and tend to be pleased with them. However, there do appear to be enough folks out there with bad experiences that I'm a little wary of using the service myself. Issues such as double payment if you hit the submit button twice, unsatisfactory resolution of bad transactions, and failure to respond to customer complaints in a timely manner are among the most common complaints I've read. Its enough to make me feel a bit edgy about executing a large transaction through them. That said, does anyone have experience with other escrow services that offer a different level of service? Is Paypal pretty much the best there is for managing Internet transactions? Information about alternatives would be extremely useful. Thanks, Ken
Swampwalker--
I took a peek at iescrow's web site (I believe its called Tradenable now) and they appear to offer quite a bit of protection, but charge significantly more than PayPal. It'll be interesting to see if more business might bring down the price a bit.

Also, it appears that PayPal is getting a big boost in the arm from the investment community. Hopefully, this will help them fix up whatever problems they're having and become a first class outfit.

See http://tscquote.thestreet.com/BBStory.jhtml?tkr=EBAY&id=114198207&src=REUTERS

cheers, Ken