posted on January 29, 2001 09:03:50 PM new
This questions has bugged me for the last week and would like some input as I feel I might not be seeing this correct....Buyer sees item of interest,has a BIN price double of the opening bid,this is ok but emails the seller as to more info and shipping price and explains that they would use the BIN, no response for several days. The day of the auction ending, buyer emails again and explains they would like to know the info before the auction ends,finally a response,buyer sees no bids and decides to snipe the auction for the opening bid.Emails seller for shipping total,more than quoted, ok again,send total via PP withing minutes.Both seller and buyer have excellent feedback and are not new users. Seller sends back response." Will send you item after I transfer the PP amount to my personal checking account and I remove it, this will take several days and I am busy" LOL what am I missing here.Once a PP balance is transfered to a personal account what business is that of the buyer who paid in good faith,and what the seller does with their money? I transfer my balances all the time but this takes a few days to show up in my bank account. What am I missing here?
posted on January 29, 2001 09:11:46 PM new
Checkout the threads about some of the past problems people have had with Paypal. Your seller is attempting to eliminate the chance that PayPal will take funds from his checking account without notice. To achieve this, he/she has set up an account just for PayPal. Buyer sends funds, seller requests fund transfer to checking, waits for money to arrive. Once money arrives, seller withdraws funds from 'PayPal' account and deposits into personal account. Now the funds are safe from freeze and/or reversal by Paypal and seller will ship item.
It appears that PayPal is working to correct some of the issues from the past but a lot of people are real paranoid about it right now.
posted on January 30, 2001 06:27:37 AM newIt appears that PayPal is working to correct some of the issues from the past but a lot of people are real paranoid about it right now.
posted on January 30, 2001 08:23:38 AM new
None of this has anything to do with waiting for it to be withdrawn. The problem is this:
Buyer pays with PP. Seller gets payment. Months later, buyer does a charge back and PP does a reversal. There is no reason for the seller to wait for the funds to actually make it into the seller's bank account. I haven't heard of one instance where PP took back the funds during the three or four days it was in process.
