Do you believe that Paypal is a scam?
February 18, 2010 5:45am CST
I have an account in upbux. And the site is not working anymore because. they say, of paypal. Some of the postings on their page says that Paypal is a scam. I am concern about this because I always do my payout through paypal. Do you believe that paypal is a scam?
2 people like this
• United States
20 Feb 10
I would think that their purpose for blaming paypal and accusing that site of being a scam is because they don't WANT to pay their members. Paypal has been around for a long time...I've been using it for a couple of years for many of my online business transactions without ever having a problem.
18 Feb 10
Hi tarapot! I have a business account with PayPal and I am an Indian. I don't think PayPal is a SCAM. I think, paypal will earn more from being active than going scam and disappearing. Doing so will only help other payment processors. So PayPal will think twice before going scam as it would become a hot topic and no wonder if some regulations and serious law suits are raised against such things. And PayPal is owned by Ebay and Ebay seems to be a solid performing Company. But then one cannot say anything surely. Let us wait and watch how it turns out. The Time will tell everything. For now you can also try using other processors and not being dependent only on PayPal. Happy Mylotting!
• United States
27 Feb 10
No! Paypal is definitely not a scam. The only bad thing about them is the transfer fees (they're unusually high). Paypal is a great way to pay for things online instead of using a credit card. Also, even if a site doesn't use Paypal, you can still use it by using Paypal disposable credit card number. Also, if you have a website, you can use Paypal (for free) to accept payments or donations! Most site's these days are using Paypal, so you know it's not a scam.