Barry Bean wrote:
>
> On Wed, 14 Mar 2001 07:06:07 -0600, Tom Scales wrote:
>
> >It's an interesting read, but a $20,000 transaction through PayPal? What
> >was he thinking. PayPal is clearly intended for small transaction, not big
> >ones.
>
> I agree. I'm a commodity trader and move 8 figures in cash every
> year. I wouldn't DREAM of using Paypal for my business - Why would I
> when <$20 wires funds anywhere in the country, and <$40 wires cash
> anywhere in the world, not to mention the ever popular cashiers check
> and overnight mail? There are just too many established, legitimate
> ways to make and receive large payments in a prompt and secure
> fashion to take a chance on using a consumer-oriented service.
Well, yes, but they keep records, and will turn them over to the FBI or
IRS on proper legal demand.
Paul
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