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Game changer for PayPal seller protection on coins?

jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
Do you all think this new policy change will include all coins?



REVISED SECTION 11.5



We’re making a clarifying change to Section 11.5 and adding a new item that will be excluded from PayPal Seller Protection. The new item that will not be eligible for Seller Protection is:



Items equivalent to cash, including gift cards

Comments

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    My $500 major dime error is not equivalent to 10 cents cash. It is a collectable.
  • coinhackcoinhack Posts: 1,197 ✭✭✭✭
    It would be great if it worked for coins, but I am fairly certain that it does not. In fact, just the opposite. eBay now requires that sellers give 30 days for seller returns.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Am I reading right, that they are not giving seller protection for any bullion item?
  • GazesGazes Posts: 2,315 ✭✭✭✭✭
    Looks like it is aimed at gift cards. I have never been able to sell a gift card on eBay without being ripped off. Every time.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Originally posted by: coinhack

    It would be great if it worked for coins, but I am fairly certain that it does not. In fact, just the opposite. eBay now requires that sellers give 30 days for seller returns.




    Not if you don't want to worry about maybe getting part of your final value fee back. But want to take a chance a getting ripped off a month after when you thought you sold something.



    image
  • CertifiedGoldCoinsCertifiedGoldCoins Posts: 1,644 ✭✭✭
    Originally posted by: coinhack
    It would be great if it worked for coins, but I am fairly certain that it does not. In fact, just the opposite. eBay now requires that sellers give 30 days for seller returns.

    That policy makes no sense, and if I was still in the biz, would be THE dealbreaker. Yet another goof that makes Fleabay more like a Craig's List for thieves. image

    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
  • OPAOPA Posts: 17,151 ✭✭✭✭✭
    Originally posted by: LindeDad
    Am I reading right, that they are not giving seller protection for any bullion item?


    I don't see that. Not sure what your reading into it.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Originally posted by: OPA

    Originally posted by: LindeDad

    Am I reading right, that they are not giving seller protection for any bullion item?




    I don't see that. Not sure what your reading into it.









    Maybe it's just that holding bullion is a lot like holding cash to me. image maybe.



    image

  • OPAOPA Posts: 17,151 ✭✭✭✭✭
    Originally posted by: LindeDad
    Originally posted by: OPA
    Originally posted by: LindeDad
    Am I reading right, that they are not giving seller protection for any bullion item?


    I don't see that. Not sure what your reading into it.




    Maybe it's just that holding bullion is a lot like holding cash to me. image maybe.

    image


    So is gasoline, real estate, cigarette coupons or winning lottery ticketsimage

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    Seems like a loophole to me. Most coins we collect are legal tender; cash value. If it was just gift cards, what not just say gift cards, that term is pretty well understood...
  • airplanenutairplanenut Posts: 22,520 ✭✭✭✭✭
    Originally posted by: jessewvu

    Seems like a loophole to me. Most coins we collect are legal tender; cash value. If it was just gift cards, what not just say gift cards, that term is pretty well understood...




    I'm assuming other items that could be included might be, for example, coupons that are worth $X off a purchase. This seems pretty clear to me that it's aimed at an item whose value is based on its stored value, not a collectible that happens to have a tangential, non-collectible value as well.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • I don't believe that was the intentions on the Privacy update. I believe it is more leaning towards Coupons, Gift Cards etc. I would think anything of Numismatic value would not be considered in this section. Just my 2-Cents.
  • messydeskmessydesk Posts: 20,485 ✭✭✭✭✭
    Originally posted by: bamaeric81

    ... I would think anything of Numismatic value would not be considered in this section. Just my 2-Cents.


    While the distinction between collectible coins and cash (or cash equivalents) is obvious to all here, and specificially cited in shipping and shipping insurance instructions, at the end of the day, you will have to rely on everyone at PayPal to understand that distinction without it being written out in their policy. That seems like a pretty tall order to me.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,708 ✭✭✭✭✭
    Blow by blow, some sites suck , as I discover. And the participants in them are the reason.
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    It sounds like most folks think collectible coin sales will not be impacted. I pretty much stopped selling so I'm not sure how it will play out. If anyone has a problem, hopefully we hear about it here.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    If anyone has a problem, hopefully we hear about it here.


    LMAO, as I spit out my coffee ..............


    ......... of course you will hear about it as this is an eBay bashers paradise.


    Every story confirms to Ricko that he made the right move.

    You hardly ever hear of the 99.99% of eBay coin transactions that go off smoothly.

    If you avoid eBay, you are only hurting yourself . ......
  • OPAOPA Posts: 17,151 ✭✭✭✭✭
    Originally posted by: ErrorsOnCoins
    If anyone has a problem, hopefully we hear about it here.


    LMAO, as I spit out my coffee ..............


    ......... of course you will hear about it as this is an eBay bashers paradise.


    Every story confirms to Ricko that he made the right move.

    You hardly ever hear of the 99.99% of eBay coin transactions that go off smoothly.

    If you avoid eBay, you are only hurting yourself . ......


    How true, but less competition for us not brainwashed by paranoiaimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    sounds like a good question for a lawyer
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,708 ✭✭✭✭✭
    Originally posted by: mrearlygold
    sounds like a good question for a lawyer


    Their time is billable. Careful what you ask for here.

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