Topic: The end of Paypal - lets hope so!!!

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Posted at June 3, 2004, 11:37 am:

Just got my first money transfer from Interac Online Money Transfers - cost to me 0 - zilch - free thank god!! Cost to sender less than $5.00 depending on bank he uses:

What is an INTERAC Email Money Transfer?
If you have an email address and online banking password at a participating bank, you can send and receive money instantly.
Email carries the notice while the banks securely transfer the money using existing payment networks. If your bank does not yet offer INTERAC Email Money Transfers, you can still deposit transfers to any bank account in Canada. Click

https://www.certapay.com/en/personalPayments/FAQs.html for details.

No hold backs no charge backs as safe as using your bank insured to $100,000.00 etc etc

I spoke with a rep today from Certa pay advises me that within 12 month every major bank in the US will offer the service.

What does this mean for paypal - death the beginning of the end - thank god.

My advice to those with a paypal account - keep your funds at 0 dollars they might just pull out and steal your money!!

Regards
Frank



Original of the message was taken from http://www.auctionbytes.com/forum/phpBB/

Replies:

You'd have to explain first why we would need Paypal to end.

toolman.

I would certainly welcome an alternative to paypal.

There are other alternatives to Paypal but they don't usually have a c...

Yeah, I seriously doubt Paypal will be replaced for a long time to com...

The only way to replace PayPal, that I can see, is for banks themselve...

KGP55 That is exactly what this is it is between banks using inte...

ROFL!

Then, shouldn't I get some sort of compensation for giving them this i...

kjp55 it cost my buyer exactly $1.

Frank, I revised my previous post and added a couple questions.

. . . visit our continual online yard sales ... ... click here!

Not sure but will get a hold of the rep in the AM and report back find...

Hello Toolman, I agree , if you stated it correctly, what paypal ...

You know its awfully funny everytime you point out what truly flawed a...

ROFL! Oh my goodness! I suggest then that you read tradguys pre...

sun.

Let's not resort to personal attacks, ok? I happen to agree that ...

I own and operate an excavating - concrete demolition trucking company...

Before you start jumping for joy, you might want to read this: ht...

NO NO That is exactly why I am jumping for JOY!!I knew a corrupt and s...

Hell yes Rich!!!!!!!!!!! It also depends on the market you sell i...

A little more info:: With the new system in place it will cost th...

CPG - if you sell industrial then this new system is a match in heaven...

Well, since I'm not a PayPal employee I must be an idiot.

Lets face it Iterac is huge bigger than paypal ever dreamed of being b...

Toolman, Since you are so well versed in Iterac and how a payment...

Guarenteed by your bank to $100,000.

Either I worded my question poorly or you misunderstood the question.

I came here with a item of direct interest to all online auction users...

> more cost effective and efficent I appreciate you informing us ...

#1 Paypal deserves to be bashed - wait till you get defrauded or your...

LOL - I think you proved my point.

I am like an open book, don't try to hide behind anything and tell it ...

I guess we'll have to disagree on the merits of Paypal and eBay.

That says you want feedback even if it isn't what you want to hear.

As it is obvious from reading all your posts that you are simply a paw...

You're a big turn-off.

And again if you don't like my posts just turn them off!! The fac...

Don't be so sure banks will be lining up to sign-up.

Frank, I suggest that you read my post here: http://www.

It's really a shame that such an interesting topic has gone astray wit...

Regardless of whether Interac is going to be Paypal's replacement, som...

It will be interesting to see if this new company can make a run at pa...

certapay has been accepted on eBay Canada since late 2002: http://pa...

See, I told you Ina could find the 'scoop'.

Well, be careful no matter what payment system you use, whether it's P...

I agree that another alternative would be nice, but definitely can't h...

Personally I'm looking for something other then PP.

I, personally, love PayPal.

I've seen paypal go into people accounts for a variety of reasons.

Quoting nyczoo: "Regardless of whether Interac is going to be Pay...

I will say that I like nyczoo's idea about transactions over $300.

I'd like to see more options.

Hi- I am new to the forums, but wanted to add to this discussion.

Ever since I set up a terminal and accept Visa, MasterCard, AMEX, on m...

One major reason so many online merchants and eBay sellers use PayPal ...

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