posted on March 13, 2008 07:58:23 PM
Starting on Monday, March 17, eBay will be expanding support for PayPal Payment Reviews on eBay transactions. This change means that more of the transactions going through eBay and paid for via PayPal will be assessed to determine whether the payment is potentially high-risk. PayPal will hold these payments and flag them as “Under Review.” We expect the total number of such Payment Reviews to be modest overall (well under 10%), but some categories will likely see a relatively higher percentage of reviews (particularly higher priced items and items that are easily resold, like consumer electronics.)
At present, PayPal’s Instant Payment Notifications will still be sent to Vendio and will indicate a Paid status. We are currently working on an alternate way to provide a Payment Review status indicator to warn sellers that a payment is Under Review. This support will be available shortly. In the meantime, sellers are advised to review PayPal’s system to identify any payments that are Under Review and delay shipment for any related items until the evaluation is complete and the payment clears. For more details about Payment Review, please refer to this link:
HMMM......so do we ACCEPT PayPal payments, BUT inform our buyers that we will send them a REQUEST for money...WITHOUT identifying the ebay transaction number? Wonder how quick a lawyer will be involved once an OFF EBAY transaction is HELD?
posted on March 14, 2008 01:25:57 PM
I thought that initially it was less than 5% of the transactions were expected to be included. I guess the stock price needs bolstering
Edited to say: sorry, my mistake. The 5% refers to the 21-day hold on payments. I guess this is an additional 10% that will be "reviewed." I guess Vendio needs more status indicators: not-paid, paid, under review, and held.
[ edited by cashinyourcloset on Mar 14, 2008 01:28 PM ]
