Home  >  Community  >  The eBay Outlook  >  Limiting paypal payment amount?


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 greatlakes
 
posted on August 17, 2003 02:16:29 PM new
I really don't want to take the risk of accepting a high dollar paypal payment.

It seems to me that now that paypal has begun requiring more ID to set up a seller account, the fraudsters have just become buyers instead.

Do you think it would work to put a limit on the amount I would accept through paypal?

I'm thinking of a top limit of maybe $100.
 
 sapington
 
posted on August 17, 2003 02:28:57 PM new
The only way I know of would be to setup the default shipping at paypal and put a real high amount for over $100.
If someone tried to pay and it added $100 or so for shipping, I bet they would cancel it real quick.

 
 Fenix03
 
posted on August 17, 2003 02:30:54 PM new
I'm confused. What forms of ID does PayPal ask of sellers that are not asked of buyers?
~~~ • ~~~ • ~~~ • ~~~ • ~~~

If it's really Common Sense, why do so few people actually have it?
 
 greatlakes
 
posted on August 17, 2003 03:17:39 PM new
A buyer can put in a credit card number and start buying.

from paypal user's agreement

to send money--i.e. if your a buyer

"You need to have a credit card OR confirmed bank account with PayPal before you can send any payments"

Sellers have to enter a credit card if they want a confirmed address and a bank account or social security number in order to withdraw money. (Unless they're just hobby sellers)

from paypal's user agreement

to withdraw money--i.e. if your a seller

"PayPal Users...are required to complete two out of three authentication steps (confirm bank account, enter Expanded Use Number, confirm Social Security Number) in order to withdraw more than $500 per month."






 
 stopwhining
 
posted on August 17, 2003 03:22:13 PM new
you can use a separate ebay id to sell expensive items and do not let paypal insert the paypal logo.
-sig file -------They may have ginsu knife,but we have DING KING!!!!
 
 Fenix03
 
posted on August 17, 2003 03:52:50 PM new
to send money--i.e. if your a buyer

::"You need to have a credit card OR confirmed bank account with PayPal before you can send any payments" ::

Logical - where else is the money going to come from?

::Sellers have to enter a credit card if they want a confirmed address::

Interesting statement since it is the buyer and not the seller that needs a confirmed address

::and a bank account or social security number in order to withdraw money. (Unless they're just hobby sellers)::

But you can send it, spend it, and after 2 months, get a ATM/Debit card and play to your hearts delight (or account balance as the case may be)

:: "PayPal Users...are required to complete two out of three authentication steps (confirm bank account, enter Expanded Use Number, confirm Social Security Number) in order to withdraw more than $500 per month."::

But even a buyer cannot send more than $2000 total without confirming 2 ID criteria.

As long as you abide by PayPals regulations, it should not matter the size of the transaction. Ship to the confirmed address and use an online trackable shipping method.







~~~ • ~~~ • ~~~ • ~~~ • ~~~

If it's really Common Sense, why do so few people actually have it?
 
 greatlakes
 
posted on August 18, 2003 07:34:17 AM new
While I appreciate the input, I never have understood why people always say I should rely on someone else (paypal) to protect me.

Paypal is a business and their number 1 priority (and rightly so) is to protect paypal while making as much money as possible.

Why do so many people think Paypal should have to assume the roll of babysitter for every ebay seller or buyer?

I feel much better when I take responsibility for protecting myself.


I like the idea of using a separate ID for high dollar items. Thanks


____________________________________

"Responsibility is a unique concept. It can only reside and inhere in a single individual. You may share it with others, but your portion is not diminished. You may delegate it, but it is still with you. You may disclaim it, but you cannot divest yourself of it."
Admiral Hyman Rickover

 
 stonecold613
 
posted on August 18, 2003 06:49:26 PM new
Interesting statement since it is the buyer and not the seller that needs a confirmed address

Not true. If you are a seller and do a high volume of PayPal transactions, you are limited to withdrawing $500.00 per month unless you get a confirmed address. And they do that with either a credit card charge to your account or your social security number. Only then are you allowed to withdraw more than $500.00 per month.

 
 
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