[Auguste]

>Is there a reason Amazon Payments or Google Wallet haven't overtaken PayPal in this market?

As a buyer (and not a merchant), I love Paypal because I can have it debit directly from by bank account instead of handing over my credit card information. I hate credit cards, and this combined with Paypal's two-factor authentication gives me some good peace of mind. I haven't seen any other services that provide direct-debit to Australians, and even if they did, they would be useless to me unless they were as ubiquitous as Paypal is. I can use Paypal just about everywhere except for Amazon and O'Reilly. At this point I wouldn't even consider using Amazon or Google Wallet for purchases.

On the other hand, these horror stories have made me very wary of the merchant side of Paypal, and I'd definitely think twice about using them to process payments.

[JoshTriplett]

> As a buyer (and not a merchant), I love Paypal because I can have it debit directly from by bank account instead of handing over my credit card information.

I don't understand this at all. I pay through PayPal via a credit card when a merchant accepts no other form of payment, and if they ever gave me trouble, I trust my credit card provider enough that I don't have to trust PayPal. I wouldn't let PayPal near my bank account, because bank accounts don't have the same level of protection for illegitimate transfers, and PayPal will happily ACH away however much they feel entitled to.

[kalleboo]

> I love Paypal because I can have it debit directly from by bank account instead of handing over my credit card information

You'd rather give the internet a direct line to your bank account to suck out all your money, vs giving it a number to a credit line (which you can refuse to pay if there's any fraud)? I'd like to see the logic behind this.

[Auguste]

I've got it tied to a separate bank account that I transfer funds into whenever I want to buy something. I wouldn't ever connect it to my savings.