PayPal safe?

Hey Folks,

I am about to decide wheter I offer PayPal payments for my services
I do not have and never had PayPal
So my questions:

Is it safe? I see people charging their payments back quite often
How long does it take to transfer the cash from my PayPal to my Bank account?


Thank's in advance,

Essah

 

Paypal is very safe for buyers. Not so safe for sellers. It happens all too often where someone buys RSGP or services via paypal, and they scam the salesman by doing a "chargeback". A chargeback is a claim to paypal that what you purchased didn't get shipped. Unless you as a salesman can prove you've shipped the goods paid for (which you obviously can't if you sell virtual shit), paypal will force you to give a refund.

As far as the time it takes yo put funds into your bank account from paypal, 3-5 business days. Beware of doing so, though. If you get charged back, they will put your account in the negative.

 

Answered