01-01-2004, 05:25 AM
I decided to check out the PayPal site earlier, since I'm seriously considering starting to buy stuff online, since it's often said to be cheaper and more convenient.
So I've browsed through some of the pages there, and even hit the 'Sign Up' button to see what kind of information they want. Nowhere anywhere on there does it say anything about charging money for an account (the free basic ones, anyway), and it seems the only verifiable info they want is an email address. They don't even ask for a bank account or credit card number or anything of the sort?
How does PayPal stay in business? For that matter, how do they keep people from signing up, 'buying' stuff, and then just not paying? I get the feeling I'm missing something really obvious here. :(
So I've browsed through some of the pages there, and even hit the 'Sign Up' button to see what kind of information they want. Nowhere anywhere on there does it say anything about charging money for an account (the free basic ones, anyway), and it seems the only verifiable info they want is an email address. They don't even ask for a bank account or credit card number or anything of the sort?
How does PayPal stay in business? For that matter, how do they keep people from signing up, 'buying' stuff, and then just not paying? I get the feeling I'm missing something really obvious here. :(
![[Image: 9426697EGZMV.png]](http://sigs.guildlaunch.net/wsig.php/9426697EGZMV.png)