Is Your Money Really Safe with PayPal?

Recently, I had a chance to read the book Doing Business With PayPal. What initially caught my attention was the headline about having your PayPal account frozen. It hit me especially because I use PayPal everyday with a number of my online businesses. The thought of having my account frozen today or tomorrow and being at the mercy of someone maybe in another country wasn't a good thought at all.

As online marketers we take pride in having our website just right, our squeeze pages just right, our products and or services just right, but we give little thought to just how safe our money and transactions are online. What would we do if our accounts were frozen? How would we take orders? How many websites would I have to scramble to change? Who would I use to process my orders? What would happen to the money in my account? All great questions.

What really put my wheels in motion and made me read the book more than once was when I Googled phrases like "PayPal Froze My Account" and "PayPal Horror". Now, I go back with PayPal to the days when they were x.com well before the eBay purchase. Remember back 6 or 7 years ago when most people were really afraid to use their credit cards online? PayPal was instrumental in filling a huge void in online money transactions.

Over the years PayPal has become that well respected "Online Bank". But the fact is, they really are not a bank! They are not a credit union not even a financial institution for that matter. There's no FDIC insuring your deposits. No watchdog group insuring fair practices. No arbitrage for disputes. There's no drive up local bank like my Wachovia. Just a phone support group located in who knows where. BTW have you really read PayPal's Terms & Conditions?

With Internet fraud now approaching the billions, I am sure that PayPal has their hands full with keeping up with phishing scams and the daunting task of monitoring millions of daily transactions, converting currencies etc. With millions of accounts worldwide, this is a challenge in itself. Bottom line you have to use PayPal. Your customers trust them. You might as well learn how to do business with them. How to avoid the pitfalls. Did you know that there are people who have had their account frozen and they were the victims? Read the author of the books story.

What I found helpful about the book Doing Business with PayPal were the tips on what to do and what not to do. Places where you shouldn't ever check your money accounts. How to properly set up your website sale buttons. Alternative online processors that you should have just in case. What to do if your account is frozen. What documentation will you need? This was well worth the price of the book.

I was so impressed with the book that we asked the powers to be if we could offer the book to our blog members at a reduced price. To help get this powerful information out to the public they agreed. If you use PayPal to receive or send money. If you use PayPal to process orders for your website. If you are selling your music using PayPal. You Must Read This Book. www.DoingBusinessWithPayPal.com

Bonus Offer - I am going 2 steps further for my blog members. I always like to make sure that I provide people with additional value for their money. So everyone that orders this book, Doing Business with PayPal and sends me a personal email saying "I ordered, Send Me The Bonuses" I am going to, after I verify you did order, send you two additional bonuses. The first bonus that I am going to send you is "Squeeze Page Generator" which is a fantastic software package which will help you create niche opt in pages in minutes. It's all about the opt in page. This software retails for $67 to $127. Increasing your list is the first step in being successful in online marketing. The second bonus that I am going to send you is the book Positive Thinking To Build Up Your Internet Business And Yourself. I am a super big believer in feeding the brain positive thoughts.

I am interested in hearing about your experiences with PayPal both good and bad. To your success marketing online and off.

www.DoingBusinessWithPayPal.com

Happy Viral Business Marketing,

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Chuck Woo
www.chuckwoo.com
www.woomediaworks.com

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