PayPal Alternative? - What's your opinion?


I'm thinking about opening an electronic checking account with ING that would allow me to avoid PayPal fees. Basically the account would allow me to send money to anyone as long as I had their email address. Once I direct the funds to go to that person, ING pulls the money from my account, and sends the recipient an email that money is available. The recipient clicks the link in the email, inputs their own bank routing number and account number, and - zip - the money is theirs.

Does anyone already use this? Or would you be willing to input your bank info to receive money in this way?
grannyring

Showing 1 response by danlib1

Audiomax;

I had an experience with Paypal that contradicts your opinion, sorry to say. Two years ago I noticed $2,000 was missing from my checking account. I had authorized no transactions and was mystified. My bank found that Paypal had withdrawn the money via ACH withdrawal and posted it to my Paypal account for no reason. I bounced about 4 checks in the 24 hours before I discovered the issue. Paypal was incredibly difficult to work with, and though they had clearly withdrawn the money without authorization, they took 5 business days to return it to my account. No apologies, no explanation, nothing.

When I worked my way up the management chain looking for an answer, I was simply told that if I was dissatisfied with Paypal I should close my account. Arrogant f@#$^ng people to say the least.

Paypal may be safe in YOUR experience; but I assure you, they often screw up bigtime. A little web search will show you I am one of many to be screwed over by their poor practices.