neroter12
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posted on July 5, 2003 02:26:18 AM new
Okay, Im sure you've hashed this one out before but since I am new I would like to ask opinions. I have my suspicions. I sure dont like being charged 45 cents on the dollar even for PP transfered funds. And whats up with them - like if you go to a 7-11 and spend 17.56, they charge you 20.00 then credit that out in a few days and recharge the 17.56? Can't they even do a retail debit?? With all the money they handle, you'd think they could act more like a credit card.
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capotasto
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posted on July 5, 2003 05:10:33 AM new
"I sure dont like being charged 45 cents on the dollar even for PP transfered funds."
What are you talking about?
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stopwhining
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posted on July 5, 2003 05:57:33 AM new
are you using a paypal debit card??
like i use it to fill gas,it works like a credit card and the gas station will put a 1.00 dollar thru and then reverse it and put in actual amount later.
this 1.00 charge is their way of making sure your card is valid.
are you saying they are putting a 20 dollars charge through and reverse it later when they process your 17.46 or whatever you spent at a store??
if so,this has nothing to do with paypal,it has to do with the retailer.
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neroter12
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posted on July 5, 2003 06:22:55 AM new
...Paypal charges to receive money into your account when they 'upgrade' you to a premier account. (Maybe you have a personal account and do not get charged) And sorry, I guess it about 10 cents on the dollar.
Stop: That is the merchant doing that? I didn't think so because it happened at several different places. But it never happens at the post office.
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stopwhining
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posted on July 5, 2003 06:36:31 AM new
premier account and business account -there is a transaction fee and discount fee whenever someone sent you payments.you can go to paypal site and read about the schedule of fee.it is like 35 cents plus 2.9 % discount fee.intl payments is more.
--------------
you said you use the card ,i assume we are talking about the paypal debit card,at post office and different retail outlets.
why dont you use your regular mc/visa credit cards at these outlets and see what happens??
are these mom and pop retail outlets or are they walmart and nordstrom like stores??
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neglus
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posted on July 5, 2003 08:08:15 AM new
In order to accept credit card payments you must upgrade and then pay the fee..if you want to accept cash only you can maintain a personal account and you will not be charged a transaction fee.
PayPal charges a minimum transaction fee, so on small ticket items ( like 99 cent items )it can even be 50 cents on the dollar!
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neonmania
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posted on July 5, 2003 08:37:49 AM new
Neoroter - the fact that it happens when the card is used at one retailer but not the other should in and of itself tell you that it is not PayPal. If that was PayPals procedure then it would happen on EVERY transaction. You also should understand that PayPal does not control the the actions sales process on the card. It is controled by Mastercard just like every other Mastercard debit or credit card. PayPals contribution is simply the administration of the funding account.
~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~
I have not failed. I've just found 10,000 ways that won't work.
- Thomas Edison
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neroter12
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posted on July 5, 2003 10:58:05 AM new
Neon,
I do understand that. I use it as a "credit" though. And I never had any other credit card be charged that way at say a 7-11. At one store forwhatever reason, the girl swiped it twice. So I had to call bank one which is the issuing bank for paypal to have the duplicate charge removed. They wanted me to get the store to fax them on their letterhead that the charge was duplicate and told me to tell THEM to put in a reverse for the charges. But the manager at the store told me she couldnt do that because her books only showed one charge and if they credited it out, then their end would be wrong.
I just thought that was alot of hassle to use this card like a "credit card". If it was my MC or visa it would have been done with one phonecall.
But that is only part of the reason I posted this thread. Seems like alot of people allude to paypal isnt too right. I dont trust them with all this personal info and it scares me. I Only abide with it because it is such a hugh part of EBAY and people expect you have it. I admit I like the quickness and neatness of it all too, one click and your done....but I dont know..
something with them has my guard up and I cant put my finger on what that is. But wonder how many people pass up sales that say "No Paypal" because they dont want the hassle of mailing a check or whatever?
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neonmania
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posted on July 5, 2003 11:04:45 AM new
On my end - unless it's something that comes across only once in a blue moon, I pass them up. There's no logic in it, affterall I can buy MOs on my daily trip to the post office but I jut see it as a hassle and don't bother.
~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~
I have not failed. I've just found 10,000 ways that won't work.
- Thomas Edison
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capotasto
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posted on July 5, 2003 11:09:26 AM new
"...Paypal charges to receive money into your account when they 'upgrade' you to a premier account. "
My ebay buyers pay me with paypal. I transfer that to my checking account at NO CHARGE from paypal. I have a premier account.
I think you should stop using PP and just say checks and MO only.
Or are you a buyer only? Heck all sellers will take your MO. You are like other chicken littles whio don't trust PP. So don't use it.
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uaru
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posted on July 5, 2003 11:09:36 AM new
If you think PayPal is crooked you shouldn't use them. If you think you're going to convince the majority of eBay sellers that PayPal is crooked you've got a big job on your hands.
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neroter12
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posted on July 5, 2003 11:15:24 AM new
Stop,
I dont think their mom and pop. One was a crown gas station, the other a 7-11. But yeah, I probably will not use the card again in this manner unless I have to. I dont like all this charging and reversing even tho I see it cleans itself out.
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neroter12
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posted on July 5, 2003 11:22:52 AM new
uaru,
I am not trying to convince anybody of anything. I read. And things have been posted so I wanted some opinions. People have said alot of things about Paypal. Not just here but in other threads. I am wondering the validity of those statements and have only contributed my experience for relevancy.
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neroter12
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posted on July 5, 2003 11:31:42 AM new
Capo,
You really can't NOT USE IT, if you are a seller. Do you work their receiving fees into your price or mark up your postage to cover them?
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neroter12
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posted on July 5, 2003 11:55:02 AM new
Uaru, Paypal has and has had alot of lawsuits against them, and that is public knowledge. It's almost like a buyer/seller feedback alert. If if doesnt want to make you open one eye toward it; well then thats your perogative.
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uaru
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posted on July 5, 2003 11:58:45 AM new
I read. And things have been posted so I wanted some opinions.
I can find you web sites that prove to some that the US engineered the 9/11 attacks on the WTC. I can find you newspapers at the grocery store checkout counter that give details on the Bay Boy that is terrorizing the Maryland countryside. I can find web sites that prove to some that PayPal is a ponzi scheme that has fooled all but the wisest. If you aren't able to determine the credibility of what you read on the internet you're going to have a hard time.
Anyone can setup a web site and warn others against a company or they can spend more money on a case of spray paint and can write messages on bathroom walls.
If you suspect PayPal is crooked you shouldn't use them. I can't offer any proof they are or aren't and I can't upload the ability to use logical thought.
If a lawsuit is a sign to you that something is wrong then you better not deal with any company that has a lawsuit against them. Avoid the high risk companies like Boeing, McDonald, AOL, CitiBank, VISA, Ford, Exxon, and others that have lawsuits against them.
[ edited by uaru on Jul 5, 2003 12:01 PM ]
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neonmania
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posted on July 5, 2003 12:10:08 PM new
Netoer - the only difference between the way things are charged on your paypal card and the way they are charged on a regular card is that with PP you are seeing every transaction and the system some companies use. With a regular credit card statement you only see the ccharges completed at the time that the statement is issued. With PP you see the day to day process.
~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~
I have not failed. I've just found 10,000 ways that won't work.
- Thomas Edison
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sanmar
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posted on July 5, 2003 12:48:57 PM new
I use my P/P debit card for all sorts of business related things. Most of the time I use it as a credit card, because P/P will give me a 1.5% rebate on my purchases. They don't do that if you use it as a debit card. The only place I use it as a debit card is at ARCO stations, they don't take credit cards & they charge $.35 per transaction. If you receive a payment of $100.00 P/P will charge you $3.35 commission. To me it is just the cost of doing business. After all, it really is just the same as taking a credit card directly. You would be charged 3 to 4 %.
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ohmslucy
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posted on July 5, 2003 01:00:40 PM new
Is Paypal, Crooked? Opinions wanted!
No. That's my opinion.
Lucy
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stopwhining
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posted on July 5, 2003 01:14:10 PM new
paypal as a credit card does behave differently than your mc/visa credit card.
once home depot/expo credit my paypal card with 100 dollars ,i never receive it.
if you see double billing from your retailer and call paypal to do something,they want your retailer to fax something on their co stationary,it is a big pain for you and the retailer ,say the retailer is a fast food buffet type restaurant and it is lunch hour.
try to use it at places which you have used before and know it works.????
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neroter12
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posted on July 5, 2003 03:04:12 PM new
(How would a buyer wind up on seller's software message board?)
Well, I do appreciate the opinons. I will probably continue to use paypal but sparingly. Would like to see paypal become more like the credit card institutions and offer better protection for buyers and sellers, if that is even possible.
As far as lawsuits, sure lots of companies have them for various reasons, but freezing someone's bank account is not usually one of them. And if I am not mistaken, that has been the biggest challange (in law) against them.
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capotasto
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posted on July 5, 2003 03:36:51 PM new
"Capo, You really can't NOT USE IT, if you are a seller. Do you work their receiving fees into your price or mark up your postage to cover them?"
I do neither. I pay for the service rendered by paypal, and accept a lower net profit. As sanmar said, it is the cost of doing business.
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stopwhining
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posted on July 5, 2003 04:10:50 PM new
paypal does not freeze anyone's bank account,it can freeze his paypal account and it can go into his bank account which is linked to paypal account to retrieve fund such as chargeback .
you should read all about these features before you sign up for paypal.
if you have a merchant account to accept credit card,your merchant account provider will deposit sales proceeds into your bank account but it can also debit your bank account as well for fees and chargebacks.
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neroter12
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posted on July 5, 2003 10:08:23 PM new
Capo,
"I pay for a service rendered"
That is very well said statement which is what it comes down to.
Stop,
I dont want to belabor the issue, but a merchant account will only charge for the credit card charges not your entire sales that werent CC charged. But as capo said, that is all part of the service they render so if one uses them; cant complain.
naru,
Wasnt really talking about a web site by Joe Schmoo in Minneapolis or something. I've read articles at Newsweek or other media, that have some obligation to standards in profesional reporting.
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lovepotions
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posted on July 6, 2003 03:24:02 AM new
If you collect more than $1,000 through paypal monthly you can be eligible for the 2.2% merchant rate as opposed to standard 2.9%. The 30 cent transaction fee applies regardless.....
You are not automatically given their merchant rate....... even if you have their verified premier business account or whatever they call it.
At the very bottom of the login page click FEES then you will find a link to apply for the merchant rate. Its not an application to fill out just a click and you get it instantly.
The merchant rates are from .7 to 2.9% depending on volume. (not sure how much I have to collect to get the .7% rate)
Also if you have a REAL merchant account with a lower rate paypal will match it or do better or something but I BELIEVE that would involve faxing documents.
ITS HIDDEN!!!
Ever since they divided this merchant rate into levels I ASSUMED it was given to me automatically since I upgraded to their business premier account.
NOT TRUE!!!
I only got it the other day while clicking around. I qualified for it the day they started charging fees yet one has to find it for themselves and click around to actually get it.
All it takes is 3 clicks once you log in so it can't hurt anyone to at least try to see if you get it.
http://www.lovepotions.com
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fluffythewondercat
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posted on July 6, 2003 05:45:05 AM new
Is PayPal crooked? Probably not.
Will PayPal allow unpleasantly surprising things to happen to your PayPal account? Yes.
Even those who have read the PayPal terms of service sometimes get bitten. Act accordingly.
I am not a bathtub full of brightly-colored machine tools on Vendio.
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neroter12
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posted on July 6, 2003 09:52:44 AM new
LovePotions:
That is a great post!! See, I didnt know about that! Gonna check that out. Thankyou!
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neroter12
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posted on July 6, 2003 09:59:36 AM new
Fluffy,
How come so many (well maybe not soo many) but how come its always alluded to? I really dont think they are crooked myself, but I keep an eye on them and my account.
I noticed ACE inconspiciously did not post to this and I am surprised with all the Corporate Enron like raves he's posted.
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fluffythewondercat
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posted on July 6, 2003 12:54:15 PM new
neroter12:
Some people read PayPal's rules but don't understand all the ramifications.
Some people don't read them at all.
I believe the majority of people who have PayPal problems fall in those two categories.
We had a PayPal situation that could have been trouble. Partner won auction. Seller wanted PayPal. Partner doesn't have PayPal. I didn't have that much cash in my PayPal account. I *could* have made a credit card payment but the name on the card would not have matched the name of the auction winner.
We thought this might be a fraud flag for PayPal. Since we couldn't be sure, we didn't do it. Overnighted a check instead.
See, I have read all the PayPal rules and I'm still not sure I understand all the ramifications.
I am not a bathtub full of brightly-colored machine tools on Vendio.
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neroter12
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posted on July 6, 2003 02:33:21 PM new
Fluffy, yeah... I didn't really read them till I fell in some trouble with a seller. Still haven't really, really read them closely. Who has time? I wonder if they and others bank on that, people NOT reading the terms, etc?
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