22 Sep
2005
22 Sep
'05
2:42 a.m.
At 07:01 PM 9/21/05 -0400, Glen wrote:
First, having to transfer funds out of your account every night is a
PITA! Especially for someone that only uses PP occasionally. Second, how do
you stop them from taking the funds out of a future payment? What are you
going do if they do take the funds from a future payment, refuse to ship
the merchandise to that buyer? For me it's a lot easier to refuse to take
PP and insist on a money order, check or cash.
Joe
Joe, I knew you were going to put in your 2 cents
worth
on this subject sooner or later . . . ;-)
Yeah, you know what I think of PP!
Months later E-bay pulled $800 from
the seller's account for the transaction with no explaination.
Solution: don't keep funds in your PayPal account.
As a seller, I do a few dozen PayPal transaction each
month, mostly to buyers outside the USA. In fact, when
I get a large (over $200) order from my web site from
a first-time non-USA buyer who wants to use a credit card,
I will usually insist that they use PayPal instead (since I
have near-zero recourse if the buyer uses a hot credit
card).
At the end of the day, I transfer all of my PayPal
receipts to my bank account, so PayPal can never
"seize" my funds.
I've never had any problems with PayPal, (except that
their site is God-awful slow and their "send invoice"
procedure is clunky and time-consuming) and the
fees they charge are about the same as what I pay
my merchant processing company for charge card
transactions (about 3 percent).
Just *my* two cents worth ;-)
Glen
0/0
Joe R. wrote:
At 09:23 AM 9/21/05 -0500, Gil wrote:
I used BidPay once for an international order. It
was a big pain, IIRC.
I have never sold, so have no personal observation there, but if you Google
about it you find all kinds of horror stories about PayPal
Here are a couple. I strongly suggest that anyone that buys or sells
over the net read them.
<http://www.paypalwarning.com/>
<http://www.theregister.co.uk/2003/07/02/anyone_ever_managed_to_claim/>
locking an
account retroactively and freezing all the funds
for 6 months because of a
single buyer complaint.
I've got news for you, they will freeze payments even with NO complaints!
A friend of mine's brother sold a laptop on E-bay for $800. He recieved
payment via PP and shipped the laptop. The buyer confirmed that he recieved
it and that he was satisfied with it. Months later E-bay pulled $800 from
the seller's account for the transaction with no explaination. The seller
checked with the buyer and the buyer was still satisfied with the
transaction and said that he hadn't made any complaint to PP. He even wrote
a letter to that affect to both PP and the seller but PP still refuses to
return the sellers money or give any explaination of my they pulled it. The
last time that I talked to my friend it had been going on for 8 months with
no end in sight.
A word to the wise; PP is not a bank and is therefore not regulated.
They can do anything they want and you have NO recourse.
I frequently sell stuff on E-bay and I have a LOT of people that want me
to take PP but I absolutely refuse to!!!! I've used BidPay as a seller and
had no problems with it.
Seemed pretty heavy handed. They deal from a
position of strength. You have to agree to their contract or not use their
service.
These might all stem from before they were bought
by eBay.
Do you REALLY expect them to be any better after the Ebay take over?
E-bay has a long history of high handness and raising rates simply because
they can. Ebay is a PRIVATE company and is answerable to no one so don't
expect fairness from them.
Joe