was: Amex or not?
PayPal has a rather doubtful reputation in ecommerce circles. Not
only because it is expensive, but mainly for their, what they call
it, buyer protection. Chargebacks are too simple and the seller is
almost always on the losing end.
The reason why we know PayPal is that it is an eBay company with a
giant marketing funding in the back. We don’t know PayPal because of
it’s service quality.
Fortunately, there are alternatives. Personally, I prefer
MoneyBookers. Created by a german group, regulated by british banking
laws, it offers more services at slightly lower rates. And it has one
big advantage in my eyes: There are no chargebacks possible. You
receive the money as if someone gave you cash - and if there is a
dispute over the goods or services, buyer and seller have to find a
solution together or take recourse to legal option. But there is not
a unilateral: “I am not satified, I take my money back”.
Usual displaimer, just a happy camper…