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new seller Paypal requirements????

sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭
in U.S. Coin Forum
I was reading my ebay newsletter today and noticed that new Ebay sellers will be forced to accept PayPal. Those of us that already sell on ebay will be grandfathered in, and not have to accept paypal. I know ebay owns paypal and can do what they want. But, I would find it very upsetting if I had to accept PayPal for items that sell for over $2500. I would be very concerned being forced to accept a form of payment that does not provide seller protection above $2500. In addition, many sellers may not want to mark their items up the additional 3-5% to cover this forced expense. I can not imagine someone being forced to accept paypal for a $10,000 sale, getting a chargeback, then having to rely on Paypal to decide if they get their money back. I do believe ebay has shot themselves in the foot here, and will see a decline in higher end items being sold by new members. What are your thoughts?[/

Comments

  • 291fifth291fifth Posts: 25,151 ✭✭✭✭✭
    Where did you read this? I didn't get any message like that.
    All glory is fleeting.
  • BarryBarry Posts: 10,100 ✭✭✭
    If you have a buyer for a big ticket item and wants to use Paypal, tell them to use a Paypal Echeck for payment. Max. fee is $5.00.
  • RussRuss Posts: 48,514 ✭✭✭
    Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭


    << <i>Where did you read this? I didn't get any message like that. >>

    My power seller newsletter. Or as some of you call it "power screwer"newsletter,
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭


    << <i>Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE >>


    And what about the non slimeballs that take only checks and money orders? Your starting to sound like Laura. If you are not as cool as me, then you are a wannabee????? You do not want to go there.
  • BobaFett72BobaFett72 Posts: 7,304
    why are they a slimeball if they dont want to take paypal?
    Ebay gets its cut three ways when you sell with Paypal. listing fees, closing fees and paypal fees. If folks want to pay with a check or money order, its more money in my pocket.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i><< Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE >>

    And what about the non slimeballs that take only checks and money orders? Your starting to sound like Laura. If you are not as cool as me, then you are a wannabee????? You do not want to go there. >>



    Can somebody help me out here? I don't have the latest patch for Gibberish Translator 2.0.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • goose3goose3 Posts: 11,471 ✭✭✭


    << <i>Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE >>




    Exactly. It will help weed out some of the fraud and hijacked accounts and make things a bit more difficult for the scammers.

  • KipKip Posts: 852
    I will not buy unless they accept paypal..my choice
    UCSB Electrical Engineering....... USCG and NASA
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>If folks want to pay with a check or money order, its more money in my pocket. >>



    Bidders are still free to pay by check or money order.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • combatmailmancombatmailman Posts: 670
    Paypal is just convenient for me, but I will and have payed by check for items.image
    Retired U.S. Army Paratrooper 1977- 1992 Served Proudly. 100% DAV
    All The Way - And Then Some
    I collect Modern Commemoratives
    and anything Franklin.
    image
  • BAJJERFANBAJJERFAN Posts: 31,615 ✭✭✭✭✭
    << If folks want to pay with a check or money order, its more money in my pocket. >>



    Bidders are still free to pay by check or money order.

    ......................

    I'm guessing that for new eBay sellers that they have to take PayPal if the buyer wants to use it.

    Are there any restrictions on a seller trying to discourage a buyer from using it?
    theknowitalltroll;
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭


    << <i>

    << <i>Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE >>





    You are not addressing my main point. On higher end items, we have protection by holding off shipping until a check , money order, or cashier check clears. Where is our protection from PayPal on sales over $2500. If they force a new seller to accept it, then they should provide protection equal to other payment options. They do not. This is the main point of this thread. Note: Russ, I will send you gibberish 2.5 as soon as I finish writing it.
  • RussRuss Posts: 48,514 ✭✭✭
    There is no such thing as a risk-free business. If you think of one, let me know.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I think it is a good idea. Most of e-bay is low volume sellers getting rid of old stuff so what is 3% for quick money. For people running a business you would have to pay 3% in CC fees anyway. If you do more than 3K per month that goes down to 2.5%.

    I take paypal and just assume the cost as part of the business.
  • JcarneyJcarney Posts: 3,154 ✭


    << <i>

    << <i>Excellent idea. It'll slow down the slimeballs who only take take checks and money orders.

    Russ, NCNE >>




    Exactly. It will help weed out some of the fraud and hijacked accounts and make things a bit more difficult for the scammers. >>



    Unless the scammers are buyers who do a chargeback after they receive merchandise. I won't accept paypal on big-ticket items.
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭


    << <i>There is no such thing as a risk-free business. If you think of one, let me know.

    Russ, NCNE >>


    I agree completely on that. What I am having trouble understanding is why is ebay doing this. The obvious answer is to increase profits by generating more income from their paypal acquisition. I guess that is what bothers me is; EBAY is a company that was born and grew by solving the problem of trying to sell an item yourself, without having to pay the high commissions of other options. They seem to have lost the vision of what made them great. Now, they seem to be creating problems for sellers, rather than solving them.
  • OPAOPA Posts: 17,160 ✭✭✭✭✭


    << <i>I was reading my ebay newsletter today and noticed that new Ebay sellers will be forced to accept PayPal. Those of us that already sell on ebay will be grandfathered in, and not have to accept paypal. I know ebay owns paypal and can do what they want. But, I would find it very upsetting if I had to accept PayPal for items that sell for over $2500. I would be very concerned being forced to accept a form of payment that does not provide seller protection above $2500. In addition, many sellers may not want to mark their items up the additional 3-5% to cover this forced expense. I can not imagine someone being forced to accept paypal for a $10,000 sale, getting a chargeback, then having to rely on Paypal to decide if they get their money back. I do believe ebay has shot themselves in the foot here, and will see a decline in higher end items being sold by new members. What are your thoughts?[/ >>



    FYI: Seller Protection Policy covers most sellers for up to $5,000.00 USD on any transaction. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • percybpercyb Posts: 3,339 ✭✭✭✭
    you can participate on the profits of ebay by buying the stock.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • cohocorpcohocorp Posts: 1,371 ✭✭
    how can they force new sellers to accept paypal if they are only covered up to $5000? so if the transaction is $20,000, the seller is left with holding the bag on the extra $15000. thats screwed up.
    my ebay listings
  • BobaFett72BobaFett72 Posts: 7,304
    "you can participate on the profits of ebay by buying the stock. "
    now thats funny image
  • RareBronzeCollectorRareBronzeCollector Posts: 1,270
    As a general rule I do NOT take paypal... I have a PERSONAL account.......

    I opened a PREMIER account (separate email address) in order to acommodate some overseas bidders........ I don't advertise it though....

    I'm a collector and not a dealer/business.... and the few extra dollars are better in my pocket than ebays......

    This is my choice.... If that makes me a slimeball, then so be it.........
  • OPAOPA Posts: 17,160 ✭✭✭✭✭


    << <i>As a general rule I do NOT take paypal... I have a PERSONAL account.......

    I opened a PREMIER account (separate email address) in order to acommodate some overseas bidders........ I don't advertise it though....

    I'm a collector and not a dealer/business.... and the few extra dollars are better in my pocket than ebays......

    This is my choice.... If that makes me a slimeball, then so be it......... >>



    I'm also not a Dealer, but I take anything..from Cash to BidPay & PayPal, but I won't take any checks....image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    Everybody is a big binness person. They come here and talk about their policy's, they're running a binness on ebay etc. We all know they certainly pay taxes on all these sales image..... now when a few more expenses come up all of a sudden they're not a binness and just the small guy. I've said it plenty of times, can't make money on ebay with exposure to the world...... then maybe you phone or doorbell will ring and bring you more binness. Heh hehimage

    Wait till Goose pays you with a "BILL PAY" then you'll have sumthin' to whine about. (wink)
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • goose3goose3 Posts: 11,471 ✭✭✭
    image

    Don't you ever put anything up for sale again Stman.....unless you're prepared for a Billpay payment.
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    I counted 6 parts to tear off those big shot "Bill Pay" payments. I think maybe it was 7 though. I am putting a new clause in my business proposals about friggin "Bill Pay." Of course I tell them all my expenses like the ebay sellers do, tape wear and tear, ink, energy to get off the couch etc....... but now more time to open the friggin Bill Pay. I'll be glad to take yours Goose, gives me something to mess with ya about.image Imagine if the ebay sellers had to open a bunch of these. The threads would be going nuts with the whining. For now I'll just whine about Goose's BILL PAY!!! Heh heh
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>if the transaction is $20,000, the seller is left with holding the bag on the extra $15000. >>



    A $20,000 transaction cannot be processed through PayPal. There is a $10K limit.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • BAJJERFANBAJJERFAN Posts: 31,615 ✭✭✭✭✭


    << <i>A $20,000 transaction cannot be processed through PayPal. There is a $10K limit. >>



    And I bet a $10K one gets held up and scrutinized.
    theknowitalltroll;
  • RussRuss Posts: 48,514 ✭✭✭


    << <i><< A $20,000 transaction cannot be processed through PayPal. There is a $10K limit. >>

    And I bet a $10K one gets held up and scrutinized. >>



    I'd guess you're correct. Right after the first time I transferred $10K, (actually a little over $10K), out of my account they placed a hold until I provided my SS# so they could run a credit report.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • BAJJERFANBAJJERFAN Posts: 31,615 ✭✭✭✭✭
    Didn't Anaconda aka Adrian have a big PP payment tied up for quite some time awhile back. For $10K I'd transfer it out $1K at a time.
    theknowitalltroll;
  • barbershopperbarbershopper Posts: 1,201
    What's wrong with you? Don't you want Meg to be a multi-billionaire?
    JT

    image
    It is health that is real wealth, not pieces of gold and silver. Gandhi.

    I collect all 20th century series except gold including those series that ended there.
  • BAJJERFANBAJJERFAN Posts: 31,615 ✭✭✭✭✭


    << <i>What's wrong with you? Don't you want Meg to be a multi-billionaire? >>



    Uh!! Yes I do, just not at my expense. If you started with $1,000 and PayPalled it back and forth to a friend how many transactions would it take till you were both broke and PayPal had all the money? Smoeone should try that and report back here. And don't forget to go back and refund all of those when you are done. image
    theknowitalltroll;
  • ddinkddink Posts: 2,748
    Some people are forgetting that there are two types of fraud: that done by buyers and that done by sellers.

    I would guess that the group most likely to commit fraud would be new sellers. By forcing them to accept PayPal, eBay is decreasing the odds that a new seller will take your money and run. Naturally, they (eBay) are also increasing their profits.

    Of course, there is still every possibility that a buyer could scam a seller (false chargebacks, etc.). Fraud will never be eliminated, but at least with this policy, the chances of seller fraud are decreased.
    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
  • WritersblockWritersblock Posts: 1,196 ✭


    << <i>If you started with $1,000 and PayPalled it back and forth to a friend how many transactions would it take till you were both broke and PayPal had all the money? >>


    About 230 transactions. (Because with every transaction the amount paypal takes gets smaller and smaller. They a LOT in the early transactions.)
  • BAJJERFANBAJJERFAN Posts: 31,615 ✭✭✭✭✭


    << <i>About 230 transactions. (Because with every transaction the amount paypal takes gets smaller and smaller. They a LOT in the early transactions.) >>



    I just wondered if anyone has ever sat down and figured this out?
    theknowitalltroll;
  • WACoinGuyWACoinGuy Posts: 1,224 ✭✭✭✭
    According to Excel, you're out of money after 156 transacations. You're down below $500 after only 24 transacations.
  • mrmommrmom Posts: 348 ✭
    I rarely bid or buy from a seller who does not take paypal.

    I got screwed once from a seller who only accepted check or m.o.

    Once is too many for me.

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