Okay, so this thread inspired me to look a little further ... all this "new" fine print and whatnot. Granted, it's something I should've done a long time ago... but at any rate, things have definately changed. It was a lot easier when I signed up two or three years ago. Never had a problem with them - at all, this entire time, (knock on wood) but - after looking at their user agreement again for the first time in a long time - it's kind of scary... Now I know why customers I recommended to them had such trouble registering and what not - unbelievable!!
Sure, they sent me an email every time they changed... but wow!
Hell, I think they only used to charge 1.9% per transaction , (for credit cards only - not everything like they do now) and they 'snuck' it up to something like 2.5 or 2.9% (depends on a number of things, apparently.)
Get this: As I understand it, if you opened your account after October 11th, 2001 and "something" happens - they have every right to "correct the problem" by going into your bank account connected to the one on file, after they deplete whatever is currently in your online account, frozen or otherwise - Can you imagine?? Unconscionable!!
As much as they've been a benefit to us all this time, I'm seriously thinking about getting out while I can. After actually reading through all the changes they've made since we started, it's quite frightening - (and that was before I checked out the warning sites!) Without a doubt - not being able to accept credit cards/ e checks/ etc. will definately kick me while I'm down, so to speak, but after seeing what could possibly happen - it's a chance I can't afford to take.
As for other options, (besides money orders) after looking briefly; c2it looks like it might be the best bet - they're backed by a real bank and don't charge nearly as much, (still need to do homework, though...)
Also - I read somewhere this evening that if you do decide to close your account - it's best that you remove your credit card and bank account numbers BEFORE you close it.
Like I said - never had a problem with them before... but...
I don't know... will stew some more and get back to you.
At any rate,
Happy New Year!!
Liz
(Elizabeth Craig)