well Monday is the day
Leiascards
Posts: 3,233
That Ebays new Payment protection plan starts. It seems they have modified it some from what it first was and it is not near as bad as it could have been. They can hold payments up to 21 days but if the buyer leaves a positive or you confirm delivery Paypal will release the money prior to 2 days. As long as you can keep your DSRs up most sellers except those with less than 100 Fb will have little to worry about.
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Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
John McDonald
Hi everyone, I'm John McDonald with the US Trust and Safety team. As Jim Ambach, VP of Seller Experience, outlined in his announcement in January, we're making some changes that are intended to make the buying experience on eBay better and safer. As part of this initiative, expanded safer payment requirements are scheduled to go into effect on March 17.
Since January 2007, all new sellers have been required to offer PayPal or a merchant credit card as a payment option to their buyers. On March 17, this policy will be expanded to sellers or items when they meet one or more of the following conditions:
the seller has higher than 5% buyer dissatisfaction rates
the seller has less than 100 feedback
the items are listed in categories with higher rates of buyer complaints, including: Gift Certificates, Video Games, Cell Phones, Computers and Consumer Electronics.
In addition, for a small number of transactions that have a higher risk of buyer dissatisfaction, we may delay the release of funds paid through PayPal. This hold will be placed on only a small percentage of transactions for up to 21 days. Then the funds will be released if there is no dispute. The funds may be released earlier if the buyer leaves positive feedback, or if PayPal can confirm delivery of the item. Sellers enrolled in the PayPal Money Market Fund will earn interest on any pending funds in their PayPal accounts.
Your payments will not be held if you meet the following requirements:
You have been an eBay member for 6 months or more, and
Your total Feedback score is 100 or greater, and
Your buyer dissatisfaction percentage is less than 5%.
Or
Your average DSR is 4.5 or greater and
Your have received 20 or more DSRs in the last 12 months.
I know that there have been questions among our Community about payment holds. Monroe Labouisse, my colleague at PayPal, explains holds in further detail on his post to the PayPal blog – I definitely encourage you to read it.
For more information about safer payment requirements in general, see the safer payments section of our FAQ.
Sincerely,
John McDonald
eBay Trust & Safety
Text
Thus, I am not an apologist for EBAY.
BUT, as much as I hated the concept of the PayPal hold when it
was announced, I have changed my mind.
Critics are right that EBAY has evil motives in the scheme; they
will make MILLIONS in interest on the held funds, AND they will
look like they care about making the site safer.
However, buyers will feel safer, and new competition in the
affected categories will decrease. Also, shoestring sellers will
be closed out of some of those categories; more business
for folks who can afford to have their money held.
I said from the get go that most existing collectible sellers had
little to worry about. The fake 1952 Mantle sellers will likely be
shut out. They will not offer PP, and few buyers will send $5K+
via MO or check.
I will be very surprised if anybody on this board is harmed by
the changes.
Make sure that payment has been received and confirmed prior to shipping.
Since a payment can't be confirmed and 'pending' at the same time, eBay sellers who follow its safety guidelines will continue to take eBay's advice and wait for payment confirmation before shipping.
If eBay thinks buyers are up in arms about shipping issues now, wait until their sellers start advising them that paypal is holding onto their payment for three weeks and eBay urges sellers not to ship until after paypal clears the funds.
This pending hold is different than a hold for an E-check. E-checks say uncleared not pending.
Like Storm I doubt this policy will affect most sellers here or established sellers much anyway. The ones that this will hurt most are the new legitimate sellers.
As far as sellers holding items on the pending transactions if a seller does that he does not need to be selling on Ebay at all.
/////////////////////////////////////////////////////////////
An affected payment will not show as "pending."
It will show as cleared/confirmed/held. Sellers
will be required to ship promptly just as they always
have.
Bad buyers will have no more of an advantage in a
SNAD claim than they currently do.
AGAIN, mid-priced collectibles sold by established sellers
are NOT on the radar. The primary targets are electronics
and designer-fashion.
///////////////////////////////////////////////
The scheme will not nail all of them.
BUT, the guy with a FB of <100 and a $200 buyer-protection
limit should be closed out of his high-end card scams.
The scheme will HURT some new sellers. That harm should accrue
to the benefit of some established sellers; less new competition.
A CC Merchant-Account is a good option for high-volume sellers.
COSTCO offers an affordable one.
<< <i>you are right storm. some folks like to complain about ebay not doing anything about bad sellers or scammers. then they do something (maybe not all they could do but it's step in the right direction) and some folks still complain. >>
I agree.. Main thing is humans love to complain. In business if you upset one customer he tells 13 people of his bad experience. If you please one customer, you please one customer as they usually say nothing about good experiences.
Thanks guys.
Steve
<< <i>
I said from the get go that most existing collectible sellers had
little to worry about. The fake 1952 Mantle sellers will likely be
shut out. They will not offer PP, and few buyers will send $5K+
via MO or check. >>
I am just not so sure that all the people buying the fake cards even know they have been had.
http://sportsfansnews.com/author/andy-fischer/