posted on December 30, 2001 02:28:48 PM new
Daman...or anyone...2 PayPal questions
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First, in taking money out of an ATM, I was just declined when entering withdrawal from credit card. What's the proper way with PayPal debit card, is it withdrawal from checking?
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Second, I am considering accepting PayPal for a high ticket item(2K+). I see some sellers specify what the source of funds are(credit card or bank). What's the difference in terms of protecting myself from fraud or chargeback?
posted on December 30, 2001 02:42:37 PM new
As far as withdrawing funds from a Paypal debit card, I would think it would have to be a checking or savings account to withdraw funds from an ATM machine. As far as chargebacks go, doesn't matter what source a buyer uses,wire transfer, credit, debit card.
posted on December 31, 2001 07:50:41 AM new
For a high dollar item such as yours I would specify Paypal funds or money order only. If you accept credit card through Paypal buyer can at any time institute chargeback and it isn't worth the trouble. If you accept Paypal funds or money order they can't chargeback.
posted on December 31, 2001 08:39:23 AM new
if the buyer pays 2k plus with his paypal fund,he could exercise paypal buyer protection program if he is not satisifed with the purchase.
of course you are protected by the paypal seller protection program,read the requirements before you act-for 500 dollars plus transaction,you must not ship to foreign country and you must have signature receipt,not delivery confirmation.
also note paypal said they dont get involved in content or quality issue.
i would say for your sake,the best is money order,problem is many buyers dont have 2000 plus dollars lying around ,hence credit card.
the whole western civilisation will collapse overnite if all sellers require CASH ONLY.
posted on December 31, 2001 02:27:23 PM new
you are playing russian roulette accepting 2000 via paypal believe me read the posts at what "COULD" happen
posted on December 31, 2001 02:39:21 PM new
sometimes seller has no choice,if buyer does not have 2000 cash,it would be billpoint or paypal or layaway plan??
the key is does the buyer have the cash??and does the buyer trust the seller,if he pays cash like money order,he has no way to fight back if he is not happy with the deal
posted on December 31, 2001 02:50:37 PM new
I can answer your ATM question as I have stood in front of my bank trying to figure it out and it works when you click checking. Credit card seems obvious, but then why make any sense if you don't have to right? :0)
And as far as the large sale-- I think you got some good advice-- funds or money order would be the way to go.
Good luck.
posted on January 2, 2002 09:26:19 AM new
if someone wants to send me 2k plus via paypal,i would have to consider-if this is a repeat customer??do i know this person,what is her bidding history like if this is an ebay transaction??
i have a merchant account,so i would prefer running this thru my merchant account than paypal.
it should not make any difference to the buyer ???
of course the best is money order if he has the cash,the problem is many dont have 2000 plus cash lying around,or if he is a reseller ,using cc will buy him time to resell the item.
or some folks just want the mileage benefits or if you have MBNA like me ,it is a george forman grill ??
it is hard,you like to close the deal,but you dont want to lose your shirt!!!
after 911,the business outlook has deteriorated,if someone is buying 2000 plus merchandise from you for resale,that merchandise could take longer to sell.
posted on January 2, 2002 12:08:50 PM new
put it like this PRIOR to reading these posts i was accepting upto $1500 via paypal until i almost lost $1000....in hindsight i would not accept over $200 via paypal....incidently i have closed my account
posted on January 2, 2002 04:12:21 PM new
we dont hear that much on billpoint,but there was a thread last year on a group of ebay sellers who sold designer clothes using billpoint and the chargebacks were as much as us$ 12,000 ,as low as 500 dollars.
they were thinking of suing billpoint as some of them have proof that buyer has received the items.
i think ideally a large transaction should be completed with money order ,cashier check or wiretransfer,provided the buyer has the resources.
posted on January 3, 2002 07:58:33 AM new
there were some complaints on billpoint months ago on the chargeback fee (10 or 15 dollars??) and that billpoint takes no prisoner,it will just debit your bank account.
billpoint is part ebay/part wells fargo and this is the way cc processor treats thier merchant accounts,they protect their consumer cardholders and let the merchant fend for themselves,if you cant come up with proofs of signed order forms,itemised invoice with signed delivery ,then the merchant just HAVE TO EAT IT.
with ebay checkout and buy it now,billpoint is doing more business than before and you will probably hear more about billpoint on ebay and aw boards soon.
the problems with paypal will just migrate to billpoint,c2it ,yahoo direct,aol direct etc.
posted on January 3, 2002 08:09:18 AM new
RE: Credit Card at ATM - Select checking, this is how your paypal account should be set up. (drawing from your bank account if you do not have PayPal funds).
RE: 2k Payment: Another way to except payment would be to ask the Buyer if he has a buddy that he could make the payment to via CC and have that buddy withdraw the funds from his PayPal account via his ATM card. At that point the Buyer would have cash and could purchase a money order etc..... I know this would cost the Buyer and his buddy a little more in fees, but o-well, this would cover your end.....What do you think??....Has anyone done this???
posted on January 3, 2002 08:46:07 AM new
has anyone tried this idea of buddy buddy could you spare me 2000 dollars??
never mind if you have 2000 dollars or not,just use your credit card and send me 2000 to my paypal account??
read all past threads on paypal scam-why some accounts are locked up,restricted ??
THE IDEA SUCKS CANAL WATER,IN DARUMA'S OPINION!!!!!!!
i repeat THE IDEA SUCKS CANAL WATER?
IF YOU DONT HAVE 2000 DOLLARS CASH OR CREDIT ,THEN GO TAKE A COLD SHOWER!!!!!!!!!!
posted on January 3, 2002 09:49:15 AM new
Select "Withdraw from Checking" exactly as stated on the PayPal website and in the info. received in the mail with the debit card.
posted on January 3, 2002 12:25:43 PM new
I don't think you understand Mr. Drama.........The seller is worried about getting a CC payment from the buyer.(because of charge back etc....The buyer may not have $2000 in cash, money order etc.....Hince the idea that the buyer could make payment to a friends paypal account, then that friend could withdraw it for his buddy. The buyer could then send payment, money order etc........How is this fraud? It is still being paid by the buyer... Explain. FRAUD - A deception deliberately practiced in order to secure unfair or unlawful gain. In this case - Don't think so.........If I am so wrong, tell me why?
