i writeth, you readeth

Ramblings of an improvident lackwit

Paypal Beware!

8. February 2006 | Category Interests, Money

Not that I’m a big Paypal user, but I found an alarming problem in their structure that could make for some unpleasantries. About this time last year, I signed up for a hosting plan for a small website. It cost a few bucks, which was okay, but little did I know that it would be considered a reoccurring annual transaction or subscription.

So while reconciling my checking account, I notice an odd amount deducted that I can’t verify other than coming from Paypal. Seems that hosting company charged me this year too, again not a large amount, but they did charge me without my implicit approval.

Problem is that Paypal insists on using a checking account to link to. This causes problems if said checking account balance is less than charge which you are unaware that is going to be made to that account. Seems to me that a subscription should warn you a few days/weeks in advance the pending charge and then you can accept or deny it.

Otherwise, one could overdraft on an account for this silly reason and I’m sure given the trouble numerous people have reaching Paypal support, it would fall on deaf ears.