Classic!! The majority of Ebay bidders nowadays!
bobbyw8469
Posts: 7,144 ✭✭✭
<< <i>will u take any less for this card. what if i go thru paypal to avoid paypal fees? >>
Last I checked, you can't avoid PayPal fees if you are going thru PayPal......
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Comments
EDIT: I think the difference is, the sale isn't backed by Paypal in the case of a bad transaction.
<< <i>Using the "Gift Payment" option, I think you avoid PP fees. not sure though.
EDIT: I think the difference is, the sale isn't backed by Paypal in the case of a bad transaction. >>
you are right no fees on gift paypal transactions... I would probably do this for most board members but for sure not some joe schmoe.
"...the sale isn't backed by Paypal in the case of a bad transaction...."
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Yup.
Good for sellers, not so good for buyers.
<< <i>"...the sale isn't backed by Paypal in the case of a bad transaction...."
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Yup.
Good for sellers, not so good for buyers. >>
Or more so potentionally not good for buyers.
I have sent and recieved payments by gift dozens of time and have yet to have a problem. If an ebay seller had high feedback, or if I had done transactions before, I would not have a problem.
Clear Skies,
Mark
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
We recently changed our pricing so that all PayPal customers can receive
money from friends and family within the US for free. PayPal merchants
receiving money as payment for a purchase, continue to incur fees.
We’re not sure if you are aware of this, but we noticed that some of
your customers are sending you personal payments for purchases.
Unfortunately, this violates our rules, and we need your help correcting
this. Please don’t ask or allow your customers to use personal payments
to pay for their purchases.
If we continue to see such activity after Apr.29,2010, we may have to
disable your ability to receive personal payments, and then you will pay
fees for all money received through PayPal.
You can find more information about payment types and fees in sections
4.2 and 8 of our User Agreement – just click “Legal Agreements” at the
bottom of any PayPal page.
If you have any questions, concerns, or think we may have made a
mistake, please contact us at p2p@paypal.com. Thank you for helping us
resolve this matter.
Sincerely,
Personal to Personal Team
PayPal
Maybe there's a good reason or the service is designed for legitimate commerce between a buyer and seller with no fees exchanged. Not sure why paypal would do that but I am no expert.
To my knowledge, you cannot fund a "Personal" payment with a credit card. It must come from existing funds and/or balance transfer to avoid fees in a transaction.
Why should Paypal be entitled to charge a fee for a transaction that simply moves funds from one persons account to another? Paypal incurs no third-party transaction fees when moving existing funds from one persons account to another persons account. Furthermore, for example, I sold $200 worth of stuff on eBay and incurred fees on those transactions leaving me with an account balance of roughly $185. This is $185 worth of money in the system that has already taken a "fees" hit... why should the person I now choose to buy something from (off eBay, regardless of the contact source) for $150 have to eat fees again on the receipt of money that was already reduced by Paypal fees?
In theory, Paypal could fee everyone to death so that they are the only ones that make any money in the long run... sorry, but their service isn't worth what they're making off of it when you look at the big picture. We look at it as 3.9% + $0.30... but the way money flows throughout their system... they're looking at more along the lines of $0.60-0.70 on the dollar!
"...Just curious, why is it ok to stiff Paypal of their fees by making something a gift transaction that isn't?..."
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Obviously, it's not "ok."
The "gift" scheme was designed to attract customers that
want/need to send money to friends/family.
PP views the expanding misuse of the scheme as a problem.
PP will eventually act to crack down on its commercial use.
Buyers sending "gifts" to strangers are taking a potentially
large risk. Everything will be fine, until it isn't.
"Why should Paypal be entitled to charge a fee for a transaction that simply moves funds from one persons account to another? Paypal incurs no third-party transaction fees when moving existing funds from one persons account to another persons account. Furthermore, for example, I sold $200 worth of stuff on eBay and incurred fees on those transactions leaving me with an account balance of roughly $185. This is $185 worth of money in the system that has already taken a "fees" hit... why should the person I now choose to buy something from (off eBay, regardless of the contact source) for $150 have to eat fees again on the receipt of money that was already reduced by Paypal fees?"
Why, because they are providing the mechanism for you to be paid and to pay with and you have agreed to their terms of use I assume in order to have any account. Again if they are too expensive, pay another way.
Because they're providing a service that gives the recipient instant access to the money you send at no cost or inconvenience to you. You can do the same thing at your bank with a wire transfer, or through a Western Union type service. Do they charge a fee for moving money? How about mailing a check or money order and then waiting days for delivery and the check to clear. In a hurry then send cash by Express Mail. They charge you for that too.
<< <i>Are you remembering that ebay doesn't allow other forms of payment and requires paypal? >>
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So far, the only legit claim of that "fact" is a de facto element
of the policy which RESULTS in the "requirement."
There is no REAL requirement.
Sellers are "allowed" to use TONS of payment methods. That
MOST sellers don't qualify - or cannot justify - using those is
something a court/regulator will eventually look at.
If pending "financial reform" legislation is enacted, PP may get
an early opportunity to "explain" their position in the matter;
and, in a venue they never contemplated.
<< <i>Sure, I know that. Isn't it that a seller has to accept paypal not accept paypal only? And if so does it give us the right to violate Terms of Use we have agreed to? It's a moot point I think, if the abuse continues to increase it will go away anyway. Believe me I understand I would much rather get something for free than to be charged for it. >>
Yes, the seller must accept Paypal... and they are not allowed to advertise that they will accept other forms of payment. In fact, I believe you cannot even offer alternate payment methods after the online sale... but supposedly are allowed to accept them if the buyer contacts the seller asking if they'll take a check... or a money order... etc.
Actually, the Terms of Use allow you to use Paypal between family and friends free of charge! Who is Paypal to tell me how I choose to conduct business between family and friends? If I negotiate a transaction with another party, and we both consider it a friendly and successful transaction... that person is now a "friend" of mine! Why not? If that "friend" can only pay with a credit card... then yes, I have to bite the bullet and accept paying the fee(s)!
This isn't a matter of relating proportions to cable television, as you mentioned earlier. This is more along the lines of the Cable company getting in the pockets of your local politicians and making it impossible to get any other service than Cable in your town. No internet TV, no DirecTV, no DishNetwork, etc... only cable television from one provider! Once you've subscribed and paying for service, they add three new "FREE" sports channels to your package. After a few months, the see that a high (or higher than expected) percentage of their subscribers are watching mostly these new "FREE" channels... so they decide to tell everyone, enjoy your "FREE" channels, but if you watch those channels more than 1 hour per day... were gonna start charging you an additional $0.25 each day you exceed that limit.
The truth is... Paypal has always had the free option.... but it was limited to 5 transactions a month. Over the past number of years, people complained so much so they changed it to open it up to having no limit on the number of transaction, but keeping the rule in place that fees would be charged for non-existing funds/balance transfer payments. Now, roughly a year later... Paypal sees that X percentage of their transactions are not incurring fees (seriously eating into their already ridiculous profit margin) so now they start coming at people with threats.
When you look at the entire BIG picture of what Paypal is doing... and has been doing (or better put, trying to figure out) since they were acquired by eBay... the whole thing is out of control and horribly managed. As a business they are a service provider! As a service provider, they are in the Customer Satisfaction business! As a Customer Satisfaction business, nothing they have done in the past 3-5 years is in the best interest of their consumers and they are failing miserably in that respect. It's a total double edge sword though... if they weren't bought up by eBay they most likely would have folded... but now that they are held by eBay, they're too profit-driven to really service their customers correctly.
Google recognized this 4-5 years ago and starting working on Google Payments. Why that hasn't caught on more I have no idea. At a previous employ, I was in on the ground floor with Google and Google Payments... and believe me, it had (well, really, has is still an appropriate word) the potential to be everything that Paypal isn't. It's growth has been stunted by the fact it hasn't gain market share and really infringed on Paypal turf.
Paypal just has that brand name now (and their relationship and sole-source nature with eBay) and they're almost impossible to compete with. The jist of their business model is simple and could easily be duplicated by darn near anyone with the guts to try it. Unfortunately, with the brand that is Paypal, the likelihood of success is extremely small... regardless of the fact that darn near anyone else could easily do it... and do it better... if obnoxious and outrageous greed did not enter the picture.
Legally, if that tie/requirement between eBay and Paypal could be broken... all it would take is one "private" company to replicate what Paypal does and be happy making $100+ million a year... versus Paypal, in connection with the "publically held" eBay, that needs to improve revenues year over year (quarter over quarter).
I'm stuck using both, as are most of us... but no sense it feeding the BEAST more than necessary
"...Yes, the seller must accept Paypal... "
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There is no such rule.
Many options exist.
Accepted Payments Policy
<< <i>"...Yes, the seller must accept Paypal... "
////////////////////
There is no such rule.
Many options exist.
Accepted Payments Policy >>
Really? I'll have to check that later.... I could have sworn they came out with all that hoopla 6-12 months ago that you had to take Paypal now... and couldn't offer other payment methods. Right around the same time they took away the insurance option.
This is interesting. Is there anywhere in the Paypal Terms of Use where they define what the proper unlimited use of the "Gift" option is? I would say that unless it says that it is ok to use for commerical purposes, selling someone something and calling it a gift and their payment to you a gift in return in pretty bc they are a new friend is fairly thin ice. In spite of all of your good points about their near monopolistic practices and linkage with ebay. My guess is that if that relationship is too cozy that it will eventually be challenged in court by consumers or someone like a Google who would seek to enter a perceived restrained market. However it is not up to me to decide if their profit margin is obscene and try to figure out how to use their service without paying for it on one end or the other. All this is of course IMO and I must say that I have only ever used PP as a buyer and when I am asked to pay by gift I have done it using a CC on my end and paid the fees myself.
"...when I am asked to pay by gift I have done it using a CC on my end and paid the fees myself...."
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No credit-card company will issue the cardholder a final-credit
chargeback on a transaction processed through PayPal as a "gift."
PayPal will militantly dispute any CB claim on such a transaction
and will cancel the PP account of the claimant.
If such a transaction was for tiny money, the CC-company might
issue a courtesy credit; very doubtful.
paypal is 2.9% plus the transaction fee....not the 3.9% stated earlier.
if you don't like paypal then getting your own merchant is always an option. and the fees are the same, if not more than paypal. 2.9% to have immediate payment from a buyer and the money in my bank account in 48 hours is well worth the charge. much easier than a merchant account.
why do so many people think paypal should be free? last I checked there weren't too many businesses around who gave away their services for free. I work for a non profit and they made millions last year.
It looks to me that it is basically saying-----You can only accept PAYPAL. Forget the whole fancy wording BULL"""".
Mickey71
Permitted Payment Methods In Collectible Cats:
PayPal
ProPay
Moneybookers
Paymate
Bill Me Later
Credit card or debit card processed through the seller's Internet merchant account. (100s of options.)
Additionally, payment upon pickup is a valid payment method.
.................
Permitted Payment Methods In Motors and Industrial Cats:
Bank-to-bank transfers (also known as bank wire transfers and bank cash transfers)
Checks
Money orders
Online payment services: Allpay.net, cash2india, CertaPay, Checkfree.com, hyperwallet.com, Nochex.com, Ozpay.biz, XOOM.
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<< <i>From what I read. Checks and money orders are not accepted for anything to do with sports or cards. >>
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That is correct.
Unless the buyer ASKS to pay by check/MO.
Or, unless there is a local pickup. (The seller can then demand check/cash/MO.)
......
I still get several emails per day from buyers asking if they can pay by check/MO.
Many oldtime buyers hate PayPal and/or don't use cards.
I don't take paper payments because it would make extra work for me. I lose a lot
of sales on the issue.
When I use Craig's List, I ask for cash and will sometimes take a local check.
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<< <i>They provide a service, you pay a fee. >>
I absolutely agree.
>
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<< <i>why is it ok to stiff Paypal of their fees by making something a gift transaction that isn't? >>
It's not ok, but some will justify what they do so don't question them!
Steve
They get their pound of flesh either way.