Gnucash Foundation
Linas Vepstas
linas@linas.org
Thu, 5 Dec 2002 10:36:11 -0600
On Thu, Dec 05, 2002 at 08:27:31AM -0500, Michael D. Crawford was heard to remark:
> Karl F. Larsen erroneously posted:
> > PayPal is very nice and since they are a bank,
>
> Allow me to step in and point out that PayPal is not a bank. They are
> not regulated as a bank, and those who use PayPal do not have the
> protections that the state and federal banking laws provide to bank
> customers.
>
> Neither is paypal very nice. They are, in fact, abusive, and work very
> hard to prevent people from correcting their actions through legal
I remember the story (on slashdot??) of another (free software
project ??) tip jar being looted of $1500. The perpatrator
purchased several items, including a camera, on ebay. The victim
project was unable to get its money back.
As far as I'm concerned, this means that paypal tip-jars are known
to criminals as being soft targets; thus, I'd rather *not* use
paypal, if I can help it.
--linas
--
pub 1024D/01045933 2001-02-01 Linas Vepstas (Labas!) <linas@linas.org>
PGP Key fingerprint = 8305 2521 6000 0B5E 8984 3F54 64A9 9A82 0104 5933