One thing that was not mentioned is that there are other ways for us sellers to accepts credit card payments which 1. is just as secure for the buyer as paypal 2. should attract as many buyers to the auction as accepting paypal does 3. is cheaper and less of a headache for the seller namely Google Checkout.
>>>The fact is many buyers will not bid on an auction if PayPal (myself included) is not an option
and i will not bid on an auction that is marked pay pal only....as i dont have an account
monsterman
ps....and never forget the most important person in an auction is the underbidder as he is the one who made the winning bidder pay what he paid......thus running me ( or any bidder who would increase the sales price ) off is absolutely stupid
my goal is to find the monsters and i go where they are but i sometimes miss some.... so if you have any and want to sell IM THE BUYER FOR THEM!!!
out of rockets ...out of bullets...switching to harsh language
<< <i>Go to paypalsucks.com to read some real horror stories. My friend swore by paypal & mocked me for being unwilling to take it......everything was fine for him until he got screwed for $1700.00 by a dishonest buyer. I don't think its hurt sales any for me by declining it. >>
<< <i>Go to paypalsucks.com to read some real horror stories. My friend swore by paypal & mocked me for being unwilling to take it......everything was fine for him until he got screwed for $1700.00 by a dishonest buyer. I don't think its hurt sales any for me by declining it. >>
Especially since everything you read on the internet is objective fact that is not just one side of the story. And we all know everyone selling on eBay has the highest levels of integrity. Sending an unsecured payment to a seller you don't even know sounds like a good way to buy yourself a headache with very little recourse.
Never teach a pig to sing. You'll waste your time and annoy the pig
I have been accepting PP since it came out. As a seller I have not had ANY problems with PP. If you cross your Ts and dot your Is PP will side with the seller. I have had people say they haven't received an item, PP Feezes the funds. Send them a copy of the delivery receipt showing delivered, PP releases the funds.
I did have a seller bounce a check on me. It was for $40 and unless he sends a MO or pays with PP I'm stuck! There is no cost effective recourse on a small ticket item if the buyer bounces a check.
It is not exactly cheating, I prefer to consider it creative problem solving!!!
<< <i>As buyers, we all want the protection that paypal provides, but as a seller, you are really taking a risk when you accept paypal for higher end auction items. >>
What risk are you taking? I've been selling on eBay and accepting PayPal for payment (including some pretty high-value items) since 2000. I've never had a problem, because I follow the requirements for PayPal's seller protection policy. Namely:
I only ship to confirmed addresses. I use delivery confirmation for packages under $250. I use signature confirmation for packages over $250.
That's it. If you do those things, PayPal automatically protects you from a chargeback. In fact, the only problems I've ever had with PayPal were with me as a buyer! Several times I've had legitimate claims turned down when PayPal ruled in favor of the seller.
Even if you do lose on a chargeback, the money you just lost pales in comparison to the money that you've made from extra bids on your items due to your acceptance of PayPal.
I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
In addition to the fees Paypal charges (which isn't really an issue IMO, I can file that under the cost of doing business), the most troubling possibility for many sellers is the potential for fraud via a chargeback from the buyer. All it takes is one dishonest buyer to screw you on a thousand dollar item and you will understand why many sellers will no longer accept Paypal for high end auction items. Paypal will side with the buyer every time, regardless of circumstance, and if the buyer claims he/she never authorized that charge your account will be debited by Paypal, even if you can prove delivery. Major auction houses don't accept Paypal or credit cards and require money orders or checks only, though many bidders will factor that into their bidding strategy, too. As a seller and a buyer, I can appreciate both sides of the argument on this issue. It's too bad that there are many scammers out there these days and they knew how to use and abuse the system against the honest seller in many cases.
I've never been disappointed with my auction results without the use of paypal. Nor do I bid on auctions that only offer paypal and no other payment options. It cuts both ways.
If paypal doesn't protect the seller from chargebacks, that's enough for me, let alone the extra cost. Further, I hate being coerced into doing anything, including the use of an expensive service where ebay is already raking in 7% or so.
And oddly enough, as a buyer I've discovered that the feedback system really does give me the benefit of being able to "select" the risk level of my sellers, with good success. Feedback tells all. If the feedback isn't impeccable or explainable, it's no bid - very simple.
As a seller, it's really simple - don't ship unless and until you know that the payment is secured and liquid (in your account.) I always ship fully insured, and it always gets there. If not, the postal inspector can go find it.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>In addition to the fees Paypal charges (which isn't really an issue IMO, I can file that under the cost of doing business) >>
Maybe for you it isn't but I would find paying $300 in fees on a $10K transaction a little distasteful esp since it doesn't cost PP any more to process a $10K deal than it does to process a $100 deal, certainly not 100 times as much.
All this talk about "extra bids" you will receive if you accept paypal payments. It sounds as if there are some here that will pay $150 for a coin worth $100-all because the person accepts paypal. NOT!
Thanks for the welcome. Long-time lurker, obviously, given the join date. And honestly won't post much.
To those who have yet to have an issue with PayPal, that's very fortunate for you, because they are a PITA to deal with. You can still follow all of their requirements and the funds you received will still be in limbo for a LONG time. And again, regardless of meeting all of PayPal's requirements, if the buyer makes a complaint to his credit card company, you will not get reimbursed! PayPal blatantly has stated that they ultimately don't have control over CC company decisions. So statements like "it's simple...just follow all of PayPal's guidelines and you will never lose" are simply not true.
To those who will only use PayPal now as a buyer, what did you do pre-PayPal? Simply never buy anything on eBay?
There is a reason for eBay's feedback system (yes, I realize it has it's own issues). If you can't trust a seller who's been selling on-line for yrs w/ no substantiated negative feedback comments with a money order or personal check, well, I just don't understand that. So if there's a one-of-a-kind item you really want from a 100% seller, but s/he won't take PayPal. So you're not going to have any interest in that item whatsoever simply because PayPal is not accepted?!?! C'mon. I gotta think this opinion is the exception.
As for increasing bidding activity, again, I think PayPal acceptance does, but much, much, much moreso for lower dollar items. I do not think it affects much from the high-dollar item standpoint.
Regarding PayPalsucks.com...more of a subjective website, of course, but go through a PayPal hassle once and you will relate.
Just my 2.9% + $0.30 (don't produce enough in sales anymore to get the 2.2%!)
What risk are you taking? I've been selling on eBay and accepting PayPal for payment (including some pretty high-value items) since 2000. I've never had a problem, because I follow the requirements for PayPal's seller protection policy. Namely:
I only ship to confirmed addresses. I use delivery confirmation for packages under $250. I use signature confirmation for packages over $250.
That's it. If you do those things, PayPal automatically protects you from a chargeback.
That is incorrect. If the buyer files a chargeback with his CC or reports the transaction as unauthorized, Paypal will debit your account regardless of whether you have signature confirmation or not. The main reason that Paypal discourages buyers to go directly to their CC company when disputing a charge is that they are required to debit the seller's account, regardless of the circumstances, if the CC company files a chargeback on the buyer's behalf.
Edit: There was a thread on this board here not too long ago by iras coins detailing a horror siruation with a high end coin (I believe it was around 6K) that the buyer scxrewed him on by filing a chargeback.
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.
And again, regardless of meeting all of PayPal's requirements, if the buyer makes a complaint to his credit card company, you will not get reimbursed! PayPal blatantly has stated that they ultimately don't have control over CC company decisions. So statements like "it's simple...just follow all of PayPal's guidelines and you will never lose" are simply not true.
That is absolutely, 100% correct...
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.
Maybe for you it isn't but I would find paying $300 in fees on a $10K transaction a little distasteful esp since it doesn't cost PP any more to process a $10K deal than it does to process a $100 deal, certainly not 100 times as much.
Yes, but how many buyers would be willing to bid 10K without the protection that Paypal affords? I'd venture to say very few, so you'd probably lose far more than $300 in unrealized bids. That was the point I was trying to make earlier--that as buyers will love paypal because of the protection it provides, but as a seller, you are most certainly not as protected, and exposed to fraudulent activity on the buyer's end.
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.
Comments
1. is just as secure for the buyer as paypal
2. should attract as many buyers to the auction as accepting paypal does
3. is cheaper and less of a headache for the seller
namely Google Checkout.
I can't believe eBay is getting away
with banning GC - adding it to the non accepted payment method list
>>>The fact is many buyers will not bid on an auction if PayPal (myself included) is not an option
and i will not bid on an auction that is marked pay pal only....as i dont have an account
monsterman
ps....and never forget the most important person in an auction is the underbidder as he is the one who made the winning bidder pay what he paid......thus running me ( or any bidder who would increase the sales price ) off is absolutely stupid
out of rockets ...out of bullets...switching to harsh language
<< <i>Go to paypalsucks.com to read some real horror stories. My friend swore by paypal & mocked me for being unwilling to take it......everything was fine for him until he got screwed for $1700.00 by a dishonest buyer. I don't think its hurt sales any for me by declining it. >>
<< <i>Go to paypalsucks.com to read some real horror stories. My friend swore by paypal & mocked me for being unwilling to take it......everything was fine for him until he got screwed for $1700.00 by a dishonest buyer. I don't think its hurt sales any for me by declining it. >>
Especially since everything you read on the internet is objective fact that is not just one side of the story. And we all know everyone selling on eBay has the highest levels of integrity. Sending an unsecured payment to a seller you don't even know sounds like a good way to buy yourself a headache with very little recourse.
I did have a seller bounce a check on me. It was for $40 and unless he sends a MO or pays with PP I'm stuck! There is no cost effective recourse on a small ticket item if the buyer bounces a check.
Thanks for sharing.
Joe
``https://ebay.us/m/KxolR5
<< <i>As buyers, we all want the protection that paypal provides, but as a seller, you are really taking a risk when you accept paypal for higher end auction items. >>
What risk are you taking? I've been selling on eBay and accepting PayPal for payment (including some pretty high-value items) since 2000. I've never had a problem, because I follow the requirements for PayPal's seller protection policy. Namely:
I only ship to confirmed addresses.
I use delivery confirmation for packages under $250.
I use signature confirmation for packages over $250.
That's it. If you do those things, PayPal automatically protects you from a chargeback. In fact, the only problems I've ever had with PayPal were with me as a buyer! Several times I've had legitimate claims turned down when PayPal ruled in favor of the seller.
Even if you do lose on a chargeback, the money you just lost pales in comparison to the money that you've made from extra bids on your items due to your acceptance of PayPal.
I've never been disappointed with my auction results without the use of paypal. Nor do I bid on auctions that only offer paypal and no other payment options. It cuts both ways.
If paypal doesn't protect the seller from chargebacks, that's enough for me, let alone the extra cost. Further, I hate being coerced into doing anything, including the use of an expensive service where ebay is already raking in 7% or so.
And oddly enough, as a buyer I've discovered that the feedback system really does give me the benefit of being able to "select" the risk level of my sellers, with good success. Feedback tells all. If the feedback isn't impeccable or explainable, it's no bid - very simple.
As a seller, it's really simple - don't ship unless and until you know that the payment is secured and liquid (in your account.) I always ship fully insured, and it always gets there. If not, the postal inspector can go find it.
I knew it would happen.
<< <i>In addition to the fees Paypal charges (which isn't really an issue IMO, I can file that under the cost of doing business) >>
Maybe for you it isn't but I would find paying $300 in fees on a $10K transaction a little distasteful esp since it doesn't cost PP any more to process a $10K deal than it does to process a $100 deal, certainly not 100 times as much.
To those who have yet to have an issue with PayPal, that's very fortunate for you, because they are a PITA to deal with. You can still follow all of their requirements and the funds you received will still be in limbo for a LONG time. And again, regardless of meeting all of PayPal's requirements, if the buyer makes a complaint to his credit card company, you will not get reimbursed! PayPal blatantly has stated that they ultimately don't have control over CC company decisions. So statements like "it's simple...just follow all of PayPal's guidelines and you will never lose" are simply not true.
To those who will only use PayPal now as a buyer, what did you do pre-PayPal? Simply never buy anything on eBay?
There is a reason for eBay's feedback system (yes, I realize it has it's own issues). If you can't trust a seller who's been selling on-line for yrs w/ no substantiated negative feedback comments with a money order or personal check, well, I just don't understand that. So if there's a one-of-a-kind item you really want from a 100% seller, but s/he won't take PayPal. So you're not going to have any interest in that item whatsoever simply because PayPal is not accepted?!?! C'mon. I gotta think this opinion is the exception.
As for increasing bidding activity, again, I think PayPal acceptance does, but much, much, much moreso for lower dollar items. I do not think it affects much from the high-dollar item standpoint.
Regarding PayPalsucks.com...more of a subjective website, of course, but go through a PayPal hassle once and you will relate.
Just my 2.9% + $0.30 (don't produce enough in sales anymore to get the 2.2%!)
I only ship to confirmed addresses.
I use delivery confirmation for packages under $250.
I use signature confirmation for packages over $250.
That's it. If you do those things, PayPal automatically protects you from a chargeback.
That is incorrect. If the buyer files a chargeback with his CC or reports the transaction as unauthorized, Paypal will debit your account regardless of whether you have signature confirmation or not. The main reason that Paypal discourages buyers to go directly to their CC company when disputing a charge is that they are required to debit the seller's account, regardless of the circumstances, if the CC company files a chargeback on the buyer's behalf.
Edit: There was a thread on this board here not too long ago by iras coins detailing a horror siruation with a high end coin (I believe it was around 6K) that the buyer scxrewed him on by filing a chargeback.
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.
That is absolutely, 100% correct...
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.
Yes, but how many buyers would be willing to bid 10K without the protection that Paypal affords? I'd venture to say very few, so you'd probably lose far more than $300 in unrealized bids. That was the point I was trying to make earlier--that as buyers will love paypal because of the protection it provides, but as a seller, you are most certainly not as protected, and exposed to fraudulent activity on the buyer's end.
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.