[Coco] PayPal

[Richard E. Crislip]

Hello David

On 12/30/03, David wrote:
> On Mon, Dec 29, 2003 at 07:57:12PM -0300, Richard E. Crislip wrote:
>> Hello David
>> 
>> On 12/29/03, David wrote:
>>>> On 29 Dec 2003, Neil Morrison wrote:
> 
> RE:  Automatic bank withdrawals
> 
>>> This doesn't make a lot of sense.  It looks like if entity X was
>>> authorized to make a-w's, they could do so, and if they weren't
>>> authorized, then they couldn't.  It seems to me that all I should have
>>> had to do was go in and say, "CIS no longer is authorized to make
>>> a-w's", and maybe sign something. But from the way they talked to me,
>>> if I go in and authorize X to do a-w's and Y finds out about it,
>>> then Y can come in and start taking money out for themselves.
>>> 
>>> Maybe I was just talking to someone who didn't know what they were
>>> doing, or my bank isn't very knowledgable in these things, but if they
>>> are on track, then this system doesn't sound very secure at all.
>> 
>> How long ago was that? Surely things have improved since then. It sounds
>> like your experience was sometime ago.
> 
> It's been some time ago - probably 10 years.
> 
>> Please understand I'm not belittling
>> or anything like that, I'm searching for clarification.
> 
> Not taken as such.  As I said before, I'm not sure it's accurate myself,
> but this how it was told me by people who _should_ know.  And I could
> have interpreted it all wrong, but it left me with serious doubts about
> the security of such an arrangement.
> 
Thanks for taking the question in the spirit intended. I asked because I've
have done considerable "wire transacting" including my pay going straight
to my account. It was either allow that or find another job. I've also had
life insurance paid that way as well as allowing PayPal to access it and a
credit card. To date ( knock on wood) I've had zero problems doing that.

BTW, I renamed the subject to more accuratly reflect what we are discussing.
Hope nobody is offended by this.

Regards
-- 
Cruisen                                                         _|_
              on AutoPilot with an Amiga   ---o-( )-o---   and a CoCo
 
                                             Richard