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I am bothered when people ask me to pay via Paypal Gift
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
There have been several instances where, when completing a transaction online, people have asked me to pay via Paypal Gift instead of normal paypal.
This bothers me. First, it puts me in potential hot water with Paypal. How many four figure "gifts" can a person give out, especially in non-round numbers (ex. $1675)? Secondly, you're using their service. Maybe you don't like their rates, but you're still using their service. If you're going to use Paypal, you ought to pay them the fee they request. Otherwise just send a check. Thirdly, it is my understanding that sending payment via "Gift" inhibits any recourse you may have if the transaction goes awry. Even when doing business with people I trust, I don't like that.
This bothers me. First, it puts me in potential hot water with Paypal. How many four figure "gifts" can a person give out, especially in non-round numbers (ex. $1675)? Secondly, you're using their service. Maybe you don't like their rates, but you're still using their service. If you're going to use Paypal, you ought to pay them the fee they request. Otherwise just send a check. Thirdly, it is my understanding that sending payment via "Gift" inhibits any recourse you may have if the transaction goes awry. Even when doing business with people I trust, I don't like that.
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I won't pay via PayPal "Gift".
Simple as that.
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
The name is LEE!
<< <i>There have been several instances where, when completing a transaction online, people have asked me to pay via Paypal Gift instead of normal paypal.
This bothers me. First, it puts me in potential hot water with Paypal. How many four figure "gifts" can a person give out, especially in non-round numbers (ex. $1675)? Secondly, you're using their service. Maybe you don't like their rates, but you're still using their service. If you're going to use Paypal, you ought to pay them the fee they request. Otherwise just send a check. Thirdly, it is my understanding that sending payment via "Gift" inhibits any recourse you may have if the transaction goes awry. Even when doing business with people I trust, I don't like that. >>
Unless you know the person you are dealing with, you are putting yourself at great risk by sending a PayPal gift payment. What will you do if you never receive the item or it's not as described? You would basically be at the mercy of the person you sent the money to make it right.
there is an old saying that comes to mind-----Fool me once, shame on you. Fool me twice, shame on me.
PayPal sucks canal water...........................and i feel better now!!
TD
<< <i>I think your talking about the one with the newb on the BST, run, forest, run! >>
Yeah I SM1 for locking that one up as the sellers ONLY payment option was via gift!
<< <i>I have never had that, and personally would not mind, I do like it when people pay via Echeck. It really can make a difference. >>
Is echeck still an option when paying for something on eBay?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
thanks
(l8-)>>
<< <i>I am no fan of paypal, but use it when required. Recently, i unitentionally used paypal Echeck, the sellers didn't seem to mind. what exactly is the difference/ benefit/ cost between regular paypal, echeck, or paypal gift
thanks >>
I believe that eCheck has a $5.00 cap on fee's but can take 3 to 4 business days to clear.
On payments over a couple of hundred bucks, echeck is the way to receive payments. (I think)
The name is LEE!
<< <i>I am no fan of paypal, but use it when required. Recently, i unitentionally used paypal Echeck, the sellers didn't seem to mind. what exactly is the difference/ benefit/ cost between regular paypal, echeck, or paypal gift
thanks >>
- Credit/Debit/Instant/Balance Transfer for payment of goods - Around 3% of the amount sent
- E-check - Maximum $5 fee (takes up to 5 days for payment to clear and seller to receive)
- Gift payment - No fees for seller (or buyer if using a bank account instant transfer or PayPal balance for funds) - only allowed for personal payments (not in payment of goods or services)
<< <i>I am no fan of paypal, but use it when required. Recently, i unitentionally used paypal Echeck, the sellers didn't seem to mind. what exactly is the difference/ benefit/ cost between regular paypal, echeck, or paypal gift
thanks >>
If I bought something from you on eBay for $1000 and paid by echeck you would get $995, but you might have to wait 3 or 4 days to get it. If I paid any other way, you would get $970 or so.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
I guess he must trust me-I never solicited the gift option, though.
But I did send the item, anyway
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Seeing as how the fees were paid (and, yes, it added to my cost but that was my choice), I felt I got the protection and I stayed on the moral high ground
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>if you feel that gifting money is cheating paypal, ask the seller to allow you to cover thier 3 or 4% fee. the seller should not always be expected to shoulder the fees, i have to believe paypal makes a little interest on paypal balances, although i believe they offer thier service for "free" to those that only withdraw a set dollar amount every month. which to me looks like a double dip if you pay the fees and do not collect interest on your balance. >>
It seems to me that if both parties benefit from the convenience of using PP, then both parties should each pay half of the fee.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Sellers wanting gift payment have been deal breakers already.
No morality problems in my mind fees were paid getting the money into PayPal on my part.
Determine what your values are and then never waiver, regardless of what others may do or not do.
*Including businesses such as Paypal.
Yes, but you are being held hostage by E-bay, as they always want you to use Paypal and will even cancel your auction if you state that you will take a personal check or Money order. They should give you a discount on the final value fee if you use paypal or provide another venue of payment, otherwise they have a monopoly on the payment side.
When I am being held up...I choose to cut my losses any way I can.
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
I use Paypal but am not a fan. E-check on the scale Paypal uses it should cost them a half-cent per transaction (and you though half-cents no longer had value!), no wonder they cap the fee at $5.
Credit card transactions cost them somewhere around 1.4-1.5% so they only double that.
You wonder why they default to e-check?
I do wish they were more reasonable but it is their toybox.
<< <i>If enough people misuse the service, Paypal will get rid of it, but people either don't get that or don't care.
I use Paypal but am not a fan. E-check on the scale Paypal uses it should cost them a half-cent per transaction (and you though half-cents no longer had value!), no wonder they cap the fee at $5.
Credit card transactions cost them somewhere around 1.4-1.5% so they only double that.
You wonder why they default to e-check?
I do wish they were more reasonable but it is their toybox. >>
Don't forget PayPal charges sellers the same rate to process a PayPal balance payment as credit card payment. Yet the cost to PayPal for them to electronically debit a buyers PayPal balance and add it to the sellers is probably close to zero.
I don't say anything about it when that happens, but I have my reservations.
(i'm kidding about that last part --- i do use the 'gift' option, perhaps too much)
www.brunkauctions.com
<< <i> Thirdly, it is my understanding that sending payment via "Gift" inhibits any recourse you may have if the transaction goes awry. >>
That's the part that makes me not like it.
Unless you trust the seller or it's "a gift" I won't use it.
If a seller wants to offer that if you use the gift option they'll discount that's ok because you can decide if you want protection or a discount.
One issue is how they word it. Do they say they'll charge 3% more if you don't use gift or 3% less if you do. In the end it's the same thing.
I tell people I'd be glad to send a check. I've had at least one BST board seller say they were in too big a hurry for that.
Oh well. I'll stick to my guns. Now if people want to use the gift function to send funds to me, I don't make a stink about it. That is their decision. I try to keep my own actions on the straight and narrow but don't want to sit at the corner reporting every rolling stop I see.
--Jerry
<< <i>The one time I used "Paypal Gift", paypal required "me" to pay the fee's. >>
To send a PayPal gift without fees on either side, the sender must have at least that amount currently in their PayPal account.
i use it for deals between "friends" (or as close as friends can be between computer screens)...
if they're adamant about not getting hit w/ fees, i usually pony up the extra couple bucks (within reason) to cover the fee if they're going to throw away a deal over it...
i no longer use USPS money orders after having one mailed for a purchase and the item never arriving... PO said i was basically SOL...
checks are always OK too... in the age of instant gratification, little lessons of patience are good for the soul.
-matt
Please visit my website Millcitynumismatics.com
<< <i>Anyone have thoughts about "payment owed"? Is it better to use this option than gift? >>
Using the gift payment option for anything other than sending a personal non goods or services payment is in violation of PayPal's terms of service so in the event of a dispute, you are basically on your own.
I use PayPal often (as a buyer), but I prefer not (never) to receive PayPal (as a seller). I prefer a check over PayPal 100% of the time!
<< <i>
<< <i>I have never had that, and personally would not mind, I do like it when people pay via Echeck. It really can make a difference. >>
Is echeck still an option when paying for something on eBay? >>
echeck payment method is only available to account holders that do not have a credit card registered to the account.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>
<< <i>The one time I used "Paypal Gift", paypal required "me" to pay the fee's. >>
To send a PayPal gift without fees on either side, the sender must have at least that amount currently in their PayPal account. >>
Or an adequate balance in a bank account that is linked to the PP account.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
I recently purchased a coin from a BSTseller that requested PayPal (nos). Though we never did business before, he seemed like a good chap, and I thought I should send him PayPal Gift. I thought about it a little further and instead added a few bucks and paid him via regular PayPal.
As a previous poster stated, if you want to buy at wholesale, then you will need to trust the seller. If you feel you can't trust the seller (myself included), then you should pass that deal up and go on to the next.
From a sellers perspective there are risks too. Checks bounce sometimes, and there have been known to be fake postal money orders. In addition, in the fast paced precious metals arena speed counts because the ability to turn over cash flow is an important factor in not getting set up on the wrong side of the market.
JMHO,
MMR
<< <i>Secondly, you're using their service. Maybe you don't like their rates, but you're still using their service. If you're going to use Paypal, you ought to pay them the fee they request.
Yes, but you are being held hostage by E-bay, as they always want you to use Paypal and will even cancel your auction if you state that you will take a personal check or Money order. They should give you a discount on the final value fee if you use paypal or provide another venue of payment, otherwise they have a monopoly on the payment side.
When I am being held up...I choose to cut my losses any way I can.
QN >>
You're not being held up. You clearly are aware that you'll need to use Paypal if you sell on eBay, yet you sell anyway. You're consciously making the decision... not being robbed.
So the folks that are complaining about Ebay (and their fees) as being the reason they use PPGift are just stretching things.
Keep the argument to just Paypal and your argument may hold water.....whine about Ebay at the same time and it is easier to ignore.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>I look at it this way: eBay and PayPal have already fleeced me for a fortune over the years. If I set my payment terms as PayPal gift in my offering, and you don't agree to those terms, then I would expect you to pass up that deal and go on to the next.
As a previous poster stated, if you want to buy at wholesale, then you will need to trust the seller. If you feel you can't trust the seller (myself included), then you should pass that deal up and go on to the next.
From a sellers perspective there are risks too. Checks bounce sometimes, and there have been known to be fake postal money orders. In addition, in the fast paced precious metals arena speed counts because the ability to turn over cash flow is an important factor in not getting set up on the wrong side of the market.
JMHO,
MMR >>
If you set your terms as Paypal gift in your offering, you're in violation of Paypal's policies. Of course that doesn't mean much to most people, but could lead to potential issues if you made a vengeful person angry.
"From a sellers perspective there are risks too. Checks bounce sometimes, and there have been known to be fake postal money orders. In addition, in the fast paced precious metals arena speed counts because the ability to turn over cash flow is an important factor in not getting set up on the wrong side of the market."
So the solution is to rip Paypal off? You could just pay the normal way, and work around the 2.2-2.9%. And if you're running a PM business using paypal gift, you're going to get caught very quickly.
<< <i>I agree with the OP. PayPal provides an excellent, high quality product and deserves compensation for its use.
I recently purchased a coin from a BSTseller that requested PayPal (nos). Though we never did business before, he seemed like a good chap, and I thought I should send him PayPal Gift. I thought about it a little further and instead added a few bucks and paid him via regular PayPal. >>
When last I checked, PP was charging almost 27% APR on unpaid balances for ebay purchases, I think that is "compensation" enough. They are corporate bloodsuckers and if someone can save themselves a few bucks dealing with the bast----- then more power to them.
<< <i>
<< <i>I look at it this way: eBay and PayPal have already fleeced me for a fortune over the years. If I set my payment terms as PayPal gift in my offering, and you don't agree to those terms, then I would expect you to pass up that deal and go on to the next.
As a previous poster stated, if you want to buy at wholesale, then you will need to trust the seller. If you feel you can't trust the seller (myself included), then you should pass that deal up and go on to the next.
From a sellers perspective there are risks too. Checks bounce sometimes, and there have been known to be fake postal money orders. In addition, in the fast paced precious metals arena speed counts because the ability to turn over cash flow is an important factor in not getting set up on the wrong side of the market.
JMHO,
MMR >>
If you set your terms as Paypal gift in your offering, you're in violation of Paypal's policies. Of course that doesn't mean much to most people, but could lead to potential issues if you made a vengeful person angry.
"From a sellers perspective there are risks too. Checks bounce sometimes, and there have been known to be fake postal money orders. In addition, in the fast paced precious metals arena speed counts because the ability to turn over cash flow is an important factor in not getting set up on the wrong side of the market."
So the solution is to rip Paypal off? You could just pay the normal way, and work around the 2.2-2.9%. And if you're running a PM business using paypal gift, you're going to get caught very quickly. >>
Who is running a business? Not me, some people just trade in or out and adjust their holdings. In any case, the buyer can always assume the 3% fee if he so chooses. It really is a matter of choice for the buyer; either accept the terms and enjoy the discount or choose another deal. Why do you have a problem with it if it is stated up front?
<< <i>By using a check or money order you may have some recourse through your bank or the postal inspectors in the event of non-receipt. Using the gift payment option in order to defraud PayPal of their service fees would probably invalidate any claim you have. >>
I think with the USPS you'd have to pursue the mail fraud angle. I think they charge $5 and expect you to wait 30 days while they track to see if a MO has cleared.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>
<< <i>By using a check or money order you may have some recourse through your bank or the postal inspectors in the event of non-receipt. Using the gift payment option in order to defraud PayPal of their service fees would probably invalidate any claim you have. >>
I think with the USPS you'd have to pursue the mail fraud angle. I think they charge $5 and expect you to wait 30 days while they track to see if a MO has cleared. >>
Yes, you can also try to stop payment if you pay by check. At least you have a record of the payment and may have recourse if the seller just takes the money without sending anything. A not as decribed situation would be more complicated.