PayPal suk-ka-ka-ka's . . . . . .

ZoidMeister

Just tried paying an esteemed member of this forum for a little transaction we had going. I imminently trust this member. I don't need no stinking "purchase protection."

PayPal won't let me send this payment fee-less. That is no longer an option. I had to cough up an additional 3% just so I could get the agreed upon funds to this member. I don't need no stinking 3% additional costs.

Hasta la vista PayPal . . . . . .

Z

ctf_error_coins

I love PayPal as they offer the best service.

A client just paid me 4 figures today and I was very happy to pay the PayPal fee.

ZoidMeister

This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

ctf_error_coins

@ZoidMeister said:
This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

Sound like you want a free service?

I pay for the best service.

pcgscacgold

Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

Randoms

PayPal will cut off your F&F service if you have a certain dollar amount of transactions or they notice a pattern. One side will always pay the fees on a credit card transaction.

JBK

I think they eliminated F&F for business accounts.

F&F was originally intended for....friends & family.

PP may be a lot of things but they are not so stupid as to not realize F&F was being used for goods & services.

There's always a personal check, or US postal money order.

amwldcoin

I don't use any of them but Vemno or the like?

ChrisH821

Mailing a good old fashioned check still works.

JBN

@ChrisH821 said:
Mailing a good old fashioned check still works.

This method can be updated by sending photos of the check to the seller electronically. Save a stamp and speed the transaction.

Flatwoods

You have to have have your PayPal linked to a checking account now to use FF.
No credit card.

ZoidMeister

@ErrorsOnCoins said:

@ZoidMeister said:
This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

Sound like you want a free service?

I pay for the best service.

.

.
They started out as a free service by their own design. Trusted parties could swap funds for whatever reason, no fees associated. You only had to pay a fee if you wanted "purchase protection."

They changed the rules. They are entitled to the grief they get from that.

Z

jmlanzaf

@ZoidMeister said:
Just tried paying an esteemed member of this forum for a little transaction we had going. I imminently trust this member. I don't need no stinking "purchase protection."

PayPal won't let me send this payment fee-less. That is no longer an option. I had to cough up an additional 3% just so I could get the agreed upon funds to this member. I don't need no stinking 3% additional costs.

Hasta la vista PayPal . . . . . .

Z

It has NEVER been within PayPal policy to allow the purchase of goods and services with F&F, even if you were buying it from your dear sainted mother.

MFeld

@ZoidMeister said:

@ErrorsOnCoins said:

@ZoidMeister said:
This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

Sound like you want a free service?

I pay for the best service.

.

.
They started out as a free service by their own design. Trusted parties could swap funds for whatever reason, no fees associated. You only had to pay a fee if you wanted "purchase protection."

They changed the rules. They are entitled to the grief they get from that.

Z

I’m unaware of a “trusted parties” category or distinction.
From PayPal:

“What's the difference between friends and family or goods and services payments?
You can send money to friends and family or pay for goods and services in the Send & Request tab at the top of the PayPal page.

If you’re sending a payment, payment types include:

Sending to a friend and family - used when sending money or a gift card to a friend or family member with a Personal PayPal account. Before you complete a payment, you can opt to pay the fee, or pass it onto the recipient by changing it to a Goods or Services payment, to be covered by PayPal Purchase Protection.
This payment type will only be available for payments sent to Personal PayPal accounts. Business accounts won't be able to receive these payment types. This change goes into effect on July 28th, 2022.
Paying for goods or service - used when buying an item or service from someone. When you make a purchase, the seller pays a small fee to receive your money. Your payment is covered by our protection policy automatically.
You can make a personal payment to anyone with a Personal PayPal account in the U.S. for free. Just make sure that you pay the entire amount using your bank account or your balance if you have a PayPal Balance account. There is a small charge for payments made with a debit or credit card.”

USMC_6115

@ZoidMeister said:
This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

Wow, strange .. I just used it a couple days ago for a BST transaction without issue.. something new?

oih82w8

My wife used to send me a monthly stipend via PP, then she switched to another service which does not charge the processing fee(s).

BAJJERFAN

@ZoidMeister said:
This was for a person to person transaction. Neither party has a Tax ID / EIN number. The funds just sit in the PP account anyway. It's moving digital bits and bytes around. They use these funds to their benefit anyway.

Looking for an alternate. Anyone got a suggestion?

Z

Venmo, but just don't mention merchandise.

al410

They are in buss to make money, I really don't understand the problem and many people have there bank account linked so Paypal is not sitting on the customers money. I for one like the protection and fast service they offer. Having said that I have never used them for 4 figure transactions.
Al

spyglassdesign

@pcgscacgold said:
Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

I've used ff recently and if you use a cc it will charge 3%. If you use a bank account it offered me no fee. They pay the cc companies for those transactions so I wasn't surprised and it was worth it for those transactions.

pcgscacgold

@spyglassdesign said:

@pcgscacgold said:
Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

I've used ff recently and if you use a cc it will charge 3%. If you use a bank account it offered me no fee. They pay the cc companies for those transactions so I wasn't surprised and it was worth it for those transactions.

Thanks for the clarity. I never use a CC for PPFF so I guess I would not have seen the change.

U1chicago

Look into zelle as another option,

jmlanzaf

@pcgscacgold said:

@spyglassdesign said:

@pcgscacgold said:
Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

I've used ff recently and if you use a cc it will charge 3%. If you use a bank account it offered me no fee. They pay the cc companies for those transactions so I wasn't surprised and it was worth it for those transactions.

Thanks for the clarity. I never use a CC for PPFF so I guess I would not have seen the change.

It's not a change. It was always that way.

Aspie_Rocco

Zelle is easy, through your bank, and works with email or phone number. Be very certain you send it to the right person, there is no take backs, no protection, and NO fees.

Some folks like to do a “test” transaction sending just a little to confirm first. Once used to zelle, I find it the easiest to send cash, with near instant availability.

You can set it up through your bank’s app or website. Probably need an iPhone/smartphone to utilize the app within your banks app.
App=application (program)

Example from my Navy federal banking app

ZoidMeister

@MFeld said:

@ZoidMeister said:

@ErrorsOnCoins said:

@ZoidMeister said:

“What's the difference between friends and family or goods and services payments?
You can send money to friends and family or pay for goods and services in the Send & Request tab at the top of the PayPal page.

If you’re sending a payment, payment types include:

Sending to a friend and family - used when sending money or a gift card to a friend or family member with a Personal PayPal account. Before you complete a payment, you can opt to pay the fee, or pass it onto the recipient by changing it to a Goods or Services payment, to be covered by PayPal Purchase Protection.
This payment type will only be available for payments sent to Personal PayPal accounts. Business accounts won't be able to receive these payment types. This change goes into effect on July 28th, 2022.
Paying for goods or service - used when buying an item or service from someone. When you make a purchase, the seller pays a small fee to receive your money. Your payment is covered by our protection policy automatically.
You can make a personal payment to anyone with a Personal PayPal account in the U.S. for free. Just make sure that you pay the entire amount using your bank account or your balance if you have a PayPal Balance account. There is a small charge for payments made with a debit or credit card.”

.

.
Well I think the bolded text above clears up the conundrum. My recipient must have their account listed as a business account. I had one other transaction this week that did not garner said fees.

I always use my bank account or PayPal balance. Rules above say I can make a personal payment to ANYONE with no charge, unless of course, their account is a business account.

I now understand.

Z

PerryHall

If one uses Venmo or Zelle to buy something, what kind of protection does Venmo or Zelle provide against fraud. Is it similar to the protection provided by PayPal or a credit card?

jmlanzaf

@PerryHall said:
If one uses Venmo or Zelle to buy something, what kind of protection does Venmo or Zelle provide against fraud. Is it similar to the protection provided by PayPal or a credit card?

It's similar to PayPal in that you have no protection for fee free transfers.

ShaunBC5

I used to get paid rent through Zelle and have done a few other things with it. I think it’s very good (and intended) for when you know/trust the other party.

BuffaloIronTail

I just transferred $1300.00 from my PayPal to a family members checking account. They charged me $9.99.

I'm kinda upset, but I understand, especially the protection part.

Pete

jt88

I really hate paypal not refund the fee when there is a refund issued to the buyer.

MasonG

@jt88 said:
I really hate paypal not refund the fee when there is a refund issued to the buyer.

Could be worse. The fee is for transferring money. When you refund, there are two transfers but still only one fee.

derryb

@BuffaloIronTail said:
I just transferred $1300.00 from my PayPal to a family members checking account. They charged me $9.99.

I'm kinda upset, but I understand, especially the protection part.

Pete

that's far less than their normal fee!

jt88

I avoid using paypal anyway I can. I hate them.

WilliamF

I believe you can still transfer with no fee if you have your bank acct. as one of the payment options?
This worked a few days ago for me with no fee, maybe it has changed since then....

Aspie_Rocco

@PerryHall said:
If one uses Venmo or Zelle to buy something, what kind of protection does Venmo or Zelle provide against fraud. Is it similar to the protection provided by PayPal or a credit card?

With zelle there is no protection at all, it is like a cash transaction. Know exactly who you are sending to, I recommend sending a test amount to verify.
It is money directly from and to your bank account (no one sees your bank info)
It really is great but has no refund ability and no fee. And beware of unknown money requests, I never got one but have heard of others that have.

Jzyskowski1

I’ve read this entire thread😉🙀🦫
“penny wise and dollar foolish “ keeps running through my mind. Also “something for nothing “
PayPal is PayPal. What people do with it is the question.
Me, I’ll use it when proper for us and always remember to collect what we like 😁

MasonG

Went to the drive-thru car wash today. There's nobody in line, seems like it should be okay to just go through since all the equipment is there and running but they still expected me to pay. Odd, that...

jmlanzaf

@MasonG said:
Went to the drive-thru car wash today. There's nobody in line, seems like it should be okay to just go through since all the equipment is there and running but they still expected me to pay. Odd, that...

Personally, I want the protection for anyone other than my mother. Even a "trusted forum member" can choose their personal interest over yours.

I was in a LCS yesterday. Guy comes in asking about bullion which is taxable in NY below $1000. He said, "all the other places I go will not charge tax if I pay cash. "

I said, "give me their names so I can call the State."

He turns on me, angry, "WHY WOULD YOU DO THAT? You think you make more money if you turn them in."

I said, "Actually, yes. Those of us who obey the rules have to charge more than those who steal it from the State."

He turned away and refused to talk to me again. Lol.

MasonG

@jmlanzaf said:
Personally, I want the protection for anyone other than my mother.

I've bought some stuff on the BST here. For the people who want payment by F&F, I always ask if it's okay if I pay 3% over to account for fees on a regular transaction. I've never had anybody decline my offer.

Flatwoods

@jmlanzaf said:

@pcgscacgold said:

@spyglassdesign said:

@pcgscacgold said:
Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

I've used ff recently and if you use a cc it will charge 3%. If you use a bank account it offered me no fee. They pay the cc companies for those transactions so I wasn't surprised and it was worth it for those transactions.

Thanks for the clarity. I never use a CC for PPFF so I guess I would not have seen the change.

It's not a change. It was always that way.

No, it wasn't.

jmlanzaf

@Flatwoods said:

@jmlanzaf said:

@pcgscacgold said:

@spyglassdesign said:

@pcgscacgold said:
Does that mean no more PPFF (Friends and family)? That is going to change things for a lot of BST people.

I've used ff recently and if you use a cc it will charge 3%. If you use a bank account it offered me no fee. They pay the cc companies for those transactions so I wasn't surprised and it was worth it for those transactions.

Thanks for the clarity. I never use a CC for PPFF so I guess I would not have seen the change.

It's not a change. It was always that way.

No, it wasn't.

Yes it was. With FF, anyway. It never let you use a credit card without charging a fee. You had to use your paypal balance or a bank account. I suppose you could use the CC for a cash advance but that's just paying the fee to someone else.

messydesk

I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

MasonG

@messydesk said:
I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

Wouldn't the sellers accept a bank wire transfer?

messydesk

@MasonG said:

@messydesk said:
I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

Wouldn't the sellers accept a bank wire transfer?

That would cost me just as much, if not more.

jmlanzaf

@messydesk said:

@MasonG said:

@messydesk said:
I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

Wouldn't the sellers accept a bank wire transfer?

That would cost me just as much, if not more.

So the service is properly priced....

AUandAG

Just now did a deal on the precious metal forum and was paid via FF and no fee that I see. Yesterday I was charged 3% on a FF payment for ammo. Who knows.

bob

jmlanzaf

@AUandAG said:
Just now did a deal on the precious metal forum and was paid via FF and no fee that I see. Yesterday I was charged 3% on a FF payment for ammo. Who knows.

bob

Business account vs personal account. There is now always a few on transfers to business accounts.

jmlanzaf

@AUandAG said:
Just now did a deal on the precious metal forum and was paid via FF and no fee that I see. Yesterday I was charged 3% on a FF payment for ammo. Who knows.

bob

https://www.theverge.com/2022/7/1/23191214/paypal-friends-and-family-payments-business-accounts

MasonG

@messydesk said:

@MasonG said:

@messydesk said:
I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

Wouldn't the sellers accept a bank wire transfer?

That would cost me just as much, if not more.

And Paypal's fee is a problem... because?

messydesk

@MasonG said:

@messydesk said:

@MasonG said:

@messydesk said:
I don't like their 5ish% foreign exchange fee. I bought 2 items from European sellers this week on MA-Shops, taking advantage of the strong dollar at the moment. That fee is much higher than any of my credit cards.

Wouldn't the sellers accept a bank wire transfer?

That would cost me just as much, if not more.

And Paypal's fee is a problem... because?

It's out of line with what competitive credit cards charge.

AUandAG

@jmlanzaf Didn't see that notice but I don't have a business account anywhere..
bob

jmlanzaf

@AUandAG said:
@jmlanzaf Didn't see that notice but I don't have a business account anywhere..
bob

The people you are paying might... that's why one had a fee and the other didn't.