Helpinghand - 1:39 am on May 30, 2007 (gmt 0)

has no ability to close Paypal down

I have a friend who worked for an Insurance firm, his boss was investigated by the DTI for fraud, he was found guilty in a UK county court and got 10 years. His company was shut down by the DTI -Trading Standards officers went in and physically shut it down.

Paypal's verification is just to confirm that you own the account - nothing sinister, ofcourse if Paypal decides to hold payment for it's own ends, then it's a legal matter.

Personally, I don't feel that comfortable with Paypal, but it's better than shelling out £800 with Worldpay isn't it. If folks are that worried by PP activities, then just go to your banks and ask for the direct debit mandate to be cancelled. Paypal cannot stop it.

Loads other merchant providers out there - I don't see the problem.

[edited by: Helpinghand at 1:46 am (utc) on May 30, 2007]