Clarity on Paypal protection
Toro
Posts: 1,515
I'm a potential buyer for four expensive unopened boxes that value at $3000. The seller will only accept a Paypal "gift" payment as he is afraid the buyer (me) will file a complaint of "item not as described" after I open the boxes. Accordingly, he believes that Paypal will take the money back while the case is pending, leaving him without the product and without 3K. So my question is, is that the way Paypal would handle this? I'm trying to convince the seller that the process doesn't work like that.
Lastly, I think my best bet is to have my brother meet with him and then gift it to him when it's in his hands. Well, just trying to decide if I want to spend that much money on modern stuff.
Lastly, I think my best bet is to have my brother meet with him and then gift it to him when it's in his hands. Well, just trying to decide if I want to spend that much money on modern stuff.
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Comments
I wouldn't do it nor would I ask my buyers to do it.
If he is willing to screw PP.......
edited to add: Geez I wonder why he is afraid that you might do that?
(not saying you have done it before)
<< <i>I'm a potential buyer for four expensive unopened boxes that value at $3000. The seller will only accept a Paypal "gift" payment as he is afraid the buyer (me) will file a complaint of "item not as described" after I open the boxes. Accordingly, he believes that Paypal will take the money back while the case is pending, leaving him without the product and without 3K. So my question is, is that the way Paypal would handle this? I'm trying to convince the seller that the process doesn't work like that.
Lastly, I think my best bet is to have my brother meet with him and then gift it to him when it's in his hands. Well, just trying to decide if I want to spend that much money on modern stuff. >>
Why wouldn't your brother just have cash in hand?
1. No recourse on PP gifts, unless you can prove "unauthorized use"
of the PP account.
2. That's a lot of money - in this economy - for modern cards.
3. Consider buying 15 - 1/10 OZ AGEs instead of the modern cards. In a
little while, you might be able to buy the cards and still have $3K left over.
.......
<< <i>3. Consider buying 15 - 1/10 OZ AGEs instead of the modern cards. In a little while, you might be able to buy the cards and still have $3K left over. >>
What are those?
<< <i>Geez I wonder why he is afraid that you might do that? >>
He explained to me he had a friend that is going through a legal process involving a Paypal transaction. I think because the boxes are so liquid, he doesnt want to deal with the potential hassle. I guess the more I wait, the less I'm likely to buy them anyway.
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.
1/10 oz. American Gold Eagle bullion coins. Beautiful to own and a solid investment, and you may actually get about 17 if you shop well. Silver is skyrocketing of late, as well..
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.
If you're buying cases of cards... Just pass - you get stupidly disappointed if you dont get one of the 10 cards in the run actually worth something
To be perfectly honest, if you INSIST on buying these... I personally would want to meet at a bank on anything over $1500 - but some people have different values of "high dollar", that's just my opinion.
Less than $170.00 each, at tonight's price.
<< <i>Well, I just want to let everyone know, the "impulse" of making this purchase has subsided. I'm passing on it(they came from diff cases anyway). I'd rather buy the card right out or invest in a game used jersey than just a chance. I'm looking at the history of all the Exquisite and National Treasures brands and most of them have fallen in price since the initial release. That goes for football, baseball and a few years in basketball. With Upper Deck out of the basketball picture, I dont see prices going anywhere but down. Lastly, if you haven't figured it out yet, it's for four random boxes of 2009 National Treasures and a shot at the Blake Griffin AU/99. I'll just wait until the hype has died down and buy one right out. >>
Good... I've purchased expensive boxes/cases before and regretted it every time. Pulling several 1/1's that don't even pay for the purchase....
I find it better to go spend $100 at walmart on boxes and then spend the rest on cards that at worst will have the same~ resale if you do want to get rid of them.
Storm......I noticed you mentioned "at tonight's prices"....do you say that because of what's going on in the world with the revolts?
<< <i>No way would I send 3K as a gift payment to anyone unless I completely trusted them. I say walk away. >>
Agreed
http://www.unisquare.com/store/brick/
Ralph
<< <i>You can always pay the price and then negotiate the fee portion as a gift. You get protection and the seller is not out all the paypal fee. I think this is the best way in these cases. >>
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That sounds like a plan, but using it could allow a crooked seller
to exploit a loophole in the PP UA/TOS.
To be eligible for PP Purchase Protection, a buyer must:
Pay for the full amount of the item with one payment. Items purchased with multiple payments – like a deposit followed by a final payment – are not eligible for Purchase Protection.
The crooked seller could invoke that language to convince PP to
disalow the complaining buyer's claim. ANY split-payment can,
technically, void the Purchase Protection.
Generally, PP does not apportion relative blame when BOTH the
buyer/seller have unclean hands in a transaction gone bad; they
can simply wash their hands of the issue and deny the claim.
Buyers that cooperate with or encourage sellers' efforts to subvert
PP's fee-scheme are always at risk of losing prospective "protection."
..................................................
Moving buyers off of EBAY following an initial sale is a well accepted
method of doing biznez on EBAY. This is easily done with coupons
and flyers/mailings to the buyer.
EBAY is a bonafide player in the FIRST sale, but subsequent sales
belong to the seller, if he can capture the customer as his own and
move that buyer to a new venue.