Oklahoma City, OK
Quoted from Manimal:Everyone needs to stop thinking of the "friends and family" part of PayPal as offering some sort of protection....THERE IS NONE.....Period. The only thing F&F does is to allow the sender to pay the percentage PayPal holds for facilitating the transaction. Outside of that, there is no difference in protections offered. The sender can still do a chargeback, they can still make a complaint, etc. End result, you can get just as screwed with F&F as with any other CC based payment.
I don’t know if it is still the case, but PayPal used to tell you that if you sent F&F that you had no protection, and they asked to please confirm that you are not purchasing an item because you will have no recourse. Considering they used to provide the statement (not sure if they still do now), it is providing false information, which is a dangerous interpretation from the sellers point of view. Don’t get me started on PayPal. They used to show fees and would refund fees on refunded transactions. Now they don’t refund fees, hide the amount you pay in fees when issuing a refund and tell you to “see there terms and conditions” in the line where they could just as easily show the money you are paying PayPal.
