Ohhhh, we're reminiscing about the early days???
The Paypal debit card had 1.5% cashback, basically made using its USD in Canada a wash with forex fees.
Had my 2002 era Paypal debit card stolen and remember being miffed that they didn't have a toll-free number. And they put me on hold.
I remember doing all I could to minimize Paypal. I offered discounted shipping for non-Paypal payments.
I also sold a lot of low-value items and accepted cash and sometimes cheques if your feedback was good enough. Once had someone mail me EUR which I exchanged in Kuba.
Either these forums, or Paypal themselves, prided themselves in the early days with their 1.9% fraud rate. But that was *fraud*losses*against*Paypal*, not your risk of being defrauded by Papyal. Seller losing to buyer or vice versa wasn't a Paypal problem. Their fraud losses was massive. 1.9% fraud rate meant that 2/3rds of your 2.9% fee was paying their fraud losses and they only had <1% of that left.
Anyone remember Bidpay? Was a good system: buyers could buy a money order online and bidpay would email you to let you know the money order is on its way and you could send the item. But lots of fake Bidpay emails where no money order was coming. A lot easier when Ebay let you use your email address as your screen-name, and communicate directly by email.
I had a US-based bank account that would let me mail down money orders and they'd deposit them for me. Never lost one.
I sold a lot of items for 1 cent with $9 S&H....
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