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 kurt_tank

I agree with those who say that Paypal sucks!

And, I agree with those who say that buying with Paypal is just fine too!

As much as I dislike Paypal, I will state that they take care of people who buy with Paypal, as they get the benefit of the doubt whenever a transaction goes bad. I certainly prefer to buy with Paypal via my credit card.

However, as a seller, I definitely state that I do not take Paypal, for that exact same reason, because as a seller you have all of the responsibility, and none of the rights. I am an honorable seller, and if something goes wrong, I will, (as I have in the past), make it right.

I prefer wire transfers myself, because I have an account with one dollar in it that I let people transfer money into, and as soon as the money is there, I take it out, and then complete the transaction. I don't have to worry about Paypal yanking money out of my account because of some scam artist.

My two cents worth anyway.