I'm trying to purchase pre-order items from an online merchant. As I was paying for my purchase using Paypal, the site asked me to pre-approve payments from September 3, 2012 to September 2, 2013, a span of one year. However, this isn't a subscription and is strictly a one time sale. Does this mean the merchant can simply withdraw from my account anytime during that one year span? How can I ensure that he only draws what is necessary for my sale? Also, the default payment option I see is my Paypal balance with an option for me to add my credit card onto the agreement as a second option. Can I enter into this agreement and only put the exact amount I'm paying for on my Paypal balance to prevent him from taking more than he should? Can anyone explain to me how pre-approved payments work and what I can do to protect myself in case the merchant isn't as legitimate as he seems? Even if it's a reputable company, I'm afraid of approving this outright since I've been burned by a bad merchant once. Thanks for the help; much appreciated. 🙂
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