junkaholic31
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posted on January 14, 2005 04:24:15 PM new
In all of the furor over Ebays new evils did anyone notice that PAYPAL will not be accepting credit card payments from anyone who has a bank account number on file with them-That will eventually lead to a no credit card policy- they want only debit cards-how many of your customers will that eliminate?????
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findingtreasures4u
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posted on January 14, 2005 04:38:13 PM new
hmm, are they still going to charge?? I don't take credit cards through them anyway. I am just waiting for the day, I have to pay them to take any kind of payment.
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Gtootie
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posted on January 14, 2005 04:48:35 PM new
I think you may have misread that.
***PayPal Policy Update: PayPal Payment Receiving Preferences Change***
Date: 01/11/05 Time: 05:33:56 PM PST
In February PayPal will be making a change to the PayPal Payment Receiving Preferences available to Premier/Business account holders. Based on analysis and community input, the option to block customer payments funded by a credit card when the sender has a bank account registered with PayPal will no longer be available. Doing so should improve the overall efficiency of the marketplace, while offering greater clarification regarding the PayPal User Agreement.
Sellers should not experience any noticeable changes to the way payments are received. Improving the transparency of the process for buyers will likely reduce the potential for buyers to drop out of the payment process or for nonpayment, as some buyers become confused by the preference blocking credit card payments and fail to complete the transaction.
To learn more about this policy update or the accounts and services available from PayPal, please visit www.paypal.com.
Regards,
eBay & PayPal
Be kind. Everyone is fighting their own secret battles.
...Author Unknown
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ltray
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posted on January 14, 2005 04:52:07 PM new
Thank GTootie, you beat me to the punchline...
In plain English-
It is my understanding that you can no longer set the option on your account to require your buyer to use their cash balance INSTEAD of credit card payment.
why would they want to deny credit card payments? It is how they make their money...
[ edited by ltray on Jan 14, 2005 04:53 PM ]
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MIKEB9910
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posted on January 14, 2005 04:59:25 PM new
Does anyone knows of any credit card companies that i can use GOOD COMPANIES
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annekila
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posted on January 14, 2005 05:24:37 PM new
I did notice that when I used Paypal to pay for an auction, the payment is automatically highlighted to a cash payment. The first option is from any money I have in a paypal account. The secondary payment option is from my bank account. The third isn't really a clickable option..my credit card. I have to go to another page, where paypal gives me all the wonderful reasons why I should pay with cash, and am I SURE I want to use my credit card. I click on YES..it takes me back to the "option" page, and the credit card option is still not highlighted. I was finally able to use my credit card, but it wasn't easy. I had to first withdraw all my money from my account to my bank account. Maybe Paypal is sick of chargebacks...
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neglus
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posted on January 14, 2005 06:08:18 PM new
No, Paypal is sick of business users using PP without paying the fees. Sounds to me like there will be no more personal accounts for sellers.
**********************************
"Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "...holy sh@#...what a ride!"
http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards
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toybuyer
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posted on January 14, 2005 07:08:58 PM new
BSounds to me like there will be no more personal accounts for sellers.
BUT that haven't said that yet, correct? I understand the CC policy only affects premier/business accounts.
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sparkz
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posted on January 14, 2005 07:17:18 PM new
If you can no longer block credit card payments, that would mean that the first customer that uses a credit card to send money to a personal account would automatically be converting that account to a business account, and the seller could do nothing to prevent it other than refuse to accept Paypal payments altogether.
A $75.00 solid state device will always blow first to protect a 25 cent fuse ~ Murphy's Law
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Gtootie
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posted on January 14, 2005 07:36:17 PM new
That's not what I am reading. If you accept credit cards there is an option you can choose to block the use of a credit card if the buyer has a bank account on file. In other words, if there's another way to get the money, they can't use their credit card. PayPal is saying that you can't do that any longer.
If I am not mistaken, that would be against the agreement with the credit card companies. If you accept credit cards I don't think you can refuse some just because you don't want to take a the risk.
PayPal must have gotten called on that one.
If you don't accept credit cards at all, you can't be forced to.
Be kind. Everyone is fighting their own secret battles.
...Author Unknown
[ edited by Gtootie on Jan 14, 2005 07:37 PM ]
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stonecold613
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posted on January 15, 2005 08:40:30 AM new
If you don't accept credit cards at all, you can't be forced to.
Except at PayPal. Only personal accounts can be set to not accept credit card payments, but the PayPal will not honor any payments in a personal account. They are open to undiscriminate charge backs no matter where, when, what, how and any reason the buyer wishes to use.
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Alive in 2005
[ edited by stonecold613 on Jan 15, 2005 08:59 AM ]
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tomwiii
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posted on January 15, 2005 08:53:19 AM new
"If you don't accept credit cards at all, you can't be forced to."
Sorry, Toots, but I have to strongly disagree with ya on this one...
Personally, I think PayPal should severely limit the Personal Accounts to just THAT: Personal Accounts! with a monthly LIMIT on FUNDS RECEIVING = $100 and TRANSACTIONS LIMIT of 3 or 4/MO
There's NO fair justification for the fees paid by PREMIER and BUSINESS ACCOUNT HOLDERS subsidizing the PERSONAL ACCOUNT HOLDERS use of PayPal for BUSINESS USE!
Hopefully, this is the first step in eliminating the silliness that is: PERSONAL ACCOUNT
Gee...Won't Scruffy-Da-Blunder-Kitty be po'ed...
VISIT: Ralphie's Eclectic Garden of Earthly Delights & Swedish Marital Aids here:
http://tinyurl.com/3rd5a
[ edited by tomwiii on Jan 15, 2005 08:54 AM ]
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Gtootie
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posted on January 15, 2005 09:00:31 AM new
"If you don't accept credit cards at all, you can't be forced to."
I think I said that the wrong way. What I meant was...if you have a personal account, a buyer can't pay with a credit card and convert your account to a Premier or Business Account.
Am I correct on that?
Be kind. Everyone is fighting their own secret battles.
...Author Unknown
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wgm
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posted on January 15, 2005 09:01:59 AM new
To be absolutely, totally honest - I am tired of footing the bill for the "Personal" accounts at PayPal. Just like I am tired of paying the fees for all the penny sellers with s/h of $25.00. Sellers with "Personal" accounts should pay fees just like the rest of us for the service. There is NO such thing as a free lunch.
__________________________________
"The more I want to get something done, the less I call it work." - Richard Bach
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Gtootie
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posted on January 15, 2005 09:08:54 AM new
wgm
That's the way I feel. Why are the rest of us paying the higher fees while they are paying very little.
Be kind. Everyone is fighting their own secret battles.
...Author Unknown
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agitprop
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posted on January 15, 2005 04:44:22 PM new
PayPal personal accounts are basically used for the same as bank to bank transfers - so not necessary in most countries as it free and usually same day transfers especially in the EU. No need for credit card acceptance or associated fees. Most banks are happy to accept inward remittences and deposits for FREE (at least in civilized countries).
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