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PayPal, What Do You Think About It?  
User currently offlineTbar220 From United States of America, joined Feb 2000, 7013 posts, RR: 25
Posted (9 years 7 months 1 week 2 days 8 hours ago) and read 2114 times:

Well, how is it? I am thinking of signing up for it to make some purchases on EBay. My biggest concern is whether its secure or not. Has anybody ever had any problems with it, and is there a fee for buyers to use it? Thanks.


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16 replies: All unread, jump to last
 
User currently offlineBRAVO7E7 From United States of America, joined Jul 2004, 1840 posts, RR: 17
Reply 1, posted (9 years 7 months 1 week 2 days 8 hours ago) and read 2112 times:

PayPal is great. Usually the seller pays the fees unless otherwise stated in the auction. I use it on a dai;y basis and it is very secure. Remember, if you have a problem with a seller not shipping you the item contact PayPal within 30 days and they will refund you up to $500. I once did not know this and fled 31 days later. I am still short $350. You should have no problems.

User currently offlineCaptoveur From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 7 months 1 week 2 days 8 hours ago) and read 2099 times:

It is secure... As secure as any bank is. You also have a lot of recourse as a buyer.

Personally, I am not too fond of PayPal's moral agenda. They seem to think because they have a particular belief system all their users must feel the same way or else be punished substantially. I know of one website I read where the webmaster was informed if he continued to use paypal they would fine him $500 because his site mentioned the word nipple in a few postings and had ad links to numerous porn sites (gotta pay the bills).


User currently offlineRadarbeam From Canada, joined Mar 2002, 1310 posts, RR: 4
Reply 3, posted (9 years 7 months 1 week 2 days 8 hours ago) and read 2084 times:

It has it's pros and cons.

Read this to learn more http://www.paypalsucks.com/.


User currently offlineTbar220 From United States of America, joined Feb 2000, 7013 posts, RR: 25
Reply 4, posted (9 years 7 months 1 week 2 days 7 hours ago) and read 2080 times:

Interesting Radar, what abou the pros?


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User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4785 posts, RR: 23
Reply 5, posted (9 years 7 months 1 week 2 days 7 hours ago) and read 2078 times:

PayPal is fine as long as you purchase with your credit card. That way, when PayPal says, "sorry, we can't refund $4800 but here is the $126.38 that was sitting in the seller's account", you still have some recourse. It happened to me last year. Thankfully, the credit card company came through for me.

Whatever you do, DO NOT EVER make any PayPal purchases with funds from your bank account! You have no recourse if the seller rips you off, and all PayPal will do for you is recover whatever is sitting in the seller's account.

To ensure you are always drawing from your credit card, you have to keep your PayPal account bone-dry. Otherwise, the money will first come from the PP account and the remainder from your CC.


User currently offlineTbar220 From United States of America, joined Feb 2000, 7013 posts, RR: 25
Reply 6, posted (9 years 7 months 1 week 2 days 7 hours ago) and read 2072 times:

How exactly does it work? Let's say I want to buy an item on EBay through PayPal, how does the transaction work? Lets say I give them my credit card information because I want that to be my primary source for the transaction, how do they work as the middle man?


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User currently offlineStarship From South Africa, joined Nov 1999, 1098 posts, RR: 14
Reply 7, posted (9 years 7 months 1 week 1 day 23 hours ago) and read 2016 times:

Go to the Paypal website and fill in the online application form. You will be required to register an account from which to draw funds; in this case let's say your credit card. The whole process shouldn't take more than a few minutes.

Then bid on, or buy your item on ebay. You will receive a bid confirmation via e-mail within a few seconds. Then if you win the item, you will receive a winning bid confirmation via e-mail, usually immmediately after the auction has ended. If the shipping amount has been pre-calculated you can go straight to Paypal and pay for the item or click on the "Pay Now" link in the winning bid e-mail confirmation. If you use the Paypal link, the bulk of the necessary informatiion is already filled in and payment is quick and painless. Just follow the prompts on the screen and you can't go wrong.

I've used Paypal since May 2001 and haven't ever had a problem. On about five occasions I did not receive items. Paypal intervened and on three occasions there were problems like PC crashes, no stock or lazyness on the part of the seller. These were all eventually resolved. On two occasions I did not receive the goods at all. Paypal refunded almost the full amount in the one case and in the other I lost about Euro 32 from a seller in Germany who went missing and is no longer registered on ebay under that username.

Starship
Winner of 350 ebay auctions




Behind every "no" is a "yes"
User currently offline57AZ From United States of America, joined Nov 2004, 2550 posts, RR: 2
Reply 8, posted (9 years 7 months 1 week 1 day 22 hours ago) and read 2012 times:

It's all right. I've never had any problems worth worrying over, but am a bit old fashioned. Having used it for numerous eBay transactions, I still prefer the old fashioned cashier's check or United States Post Office Money Order. No credit card liability or rights to worry about and more consumer protection under federal law. Defrauding a customer who has paid by either of those methods is a federal offense which falls under the jurisdictions of the FBI and United States Postal Inspection Service. I hesitate to deal with anyone who won't accept those as payment methods.


"When a man runs on railroads over half of his lifetime he is fit for nothing else-and at times he don't know that."
User currently offlineDeltaGuy From , joined Dec 1969, posts, RR:
Reply 9, posted (9 years 7 months 1 week 1 day 17 hours ago) and read 1998 times:

I like Paypal for the most part, they just have a few outrageous fees....if you're a seller like me, the second you accept someone else's credit card payment, it'll charge you a fee for EVERY future transaction...it'll add up after awhile!

Other thing- look out for fraudulent emails, coming out trying to look like paypal/ebay, asking for your CC number, PIN, paypal password, etc...never trust it.

DeltaGuy


User currently offlineCaptoveur From , joined Dec 1969, posts, RR:
Reply 10, posted (9 years 7 months 1 week 1 day 15 hours ago) and read 1987 times:


Quoting 57AZ (reply 8):
I hesitate to deal with anyone who won't accept those as payment methods.



Most sellers won't deal with you if you can't pay by paypal or some other electronic means for smaller amounts. They want their money right then, not in a week when they finally get their money order. If someone can't use paypal it makes you wonder what kind of a sleeze bag they are that got them thrown off.


User currently offline57AZ From United States of America, joined Nov 2004, 2550 posts, RR: 2
Reply 11, posted (9 years 7 months 6 days 22 hours ago) and read 1949 times:

Not necessarily. I just bought $300 worth of merchandise from a seller who listed Paypal as the accepted method using a cashier's check. They don't immediately get the money as it takes two or three days for it to post. In most cases, it's not really any quicker than if you use a cashier's check or money order. Also, as DeltaGuy pointed out they get your payment minus a transaction fee. With a cashier's check or money order, the buyer pays any associated fees. From both standpoints, waiting a little longer and using paper instruments is better. While Paypal claims to be secure, it's a game: them vs. the hackers. It's not that I can't use Paypal but that I actively choose not to in certain situations, but only after contacting the seller and determining if they will accept alternative payment. If so, I always post it Priority Mail or in rare cases, Express. In those cases, they get the money in hand in two to three days-just as fast as if they used Paypal but again, they get all the money.


"When a man runs on railroads over half of his lifetime he is fit for nothing else-and at times he don't know that."
User currently offlineNumberTwelve From Germany, joined Dec 2004, 1431 posts, RR: 9
Reply 12, posted (9 years 7 months 6 days 22 hours ago) and read 1948 times:

Only had 1 experience with Paypal and it was very very bad:
I bought a plane from a guy in HK, paid via Paypal and of course it can take some time till shipping ended.

After 31 days, you can forget paypal, you don't get any money back, no insurance. On the other hand you can't call ebay customer protection within the first weeks (I think its 6 or 8 weeks).

So I paid and now I am in contact with HK police concerning the guy. Paypal didn't help anyway.



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User currently offline57AZ From United States of America, joined Nov 2004, 2550 posts, RR: 2
Reply 13, posted (9 years 7 months 6 days 21 hours ago) and read 1945 times:

All the more reason to have alternate options available. At least with bank or government issued money orders, you can request an investigation immediately.


"When a man runs on railroads over half of his lifetime he is fit for nothing else-and at times he don't know that."
User currently offline777DadandJr From United States of America, joined Feb 2005, 1516 posts, RR: 12
Reply 14, posted (9 years 7 months 6 days 17 hours ago) and read 1931 times:

I have had only good experiences with PayPal. If you shop online, it can be very convenient.
However........


Quoting CPDC10-30 (reply 5):
Whatever you do, DO NOT EVER make any PayPal purchases with funds from your bank account! You have no recourse if the seller rips you off, and all PayPal will do for you is recover whatever is sitting in the seller's account.


This is the best advice on this topic. But to be fair, don't get the wrong idea that is PayPal's issue. The issue here is with the banks. Banks don't have any safeguards against fraudulent electronic debits from your checking account. If they are presented with an electronic debit, with your account info, your money is gone. Mistake? Fraud? Try telling that to the bank. The bank, like the IRS, will require that YOU prove it was an error. They put the burden of proof on their own customer. So if you can't prove that it was an unauthorized transaction, you're screwed.
This goes for ANY electronic debit, not just PayPal.
Beware out there!



My glass is neither 1/2 empty nor 1/2 full, rather, the glass itself is twice as big as it should be.
User currently offlineJetstar From United States of America, joined May 2003, 1648 posts, RR: 10
Reply 15, posted (9 years 7 months 6 days 9 hours ago) and read 1906 times:
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Paypal is great for paying for Ebay purchases but they forced us to be verified.

Apparently they have a total limit of $2000 dollars of charges on PayPal, which we did not know about. Even though we were paying our Ebay purchases with the credit card listed on PayPal, they required us to become verified before they would allow us to make any additional payments via PayPal. Even though we pay via credit card they refused until we went through their process.

To be verified, PayPal wanted us to link our personnel bank or checking account to our PayPal account. I refused because I did not want to give them our account numbers because of the possibility someone will hack these numbers and can drain our account without us knowing about it until we got our statements. PayPal turned a deaf ear on us and stood by their requirements.

To get around this we opened another bank account which we listed with PayPal. Paypal then electronically deposited 2 small amounts, .23 and .45 cents into this account. We then had to go on their website and list these amounts and dates and then we were verified. By opening this special account if a hacker gets it there is very little money in it to worry about.

Every time now when we pay for a purchase with PayPal, it will automatically go to our bank account number for payment and we have to select another payment option which is our credit card number for payment.

I was told by PayPal they have this policy because some people pay using stolen credit card numbers and when it is discovered by the credit card holder, the item has long been shipped. The credit company kicks this back to PayPal who is left with having to pay for this. By becoming verified PayPal trusts us because they have more information on us.


User currently offlineOB1504 From United States of America, joined Jul 2004, 3356 posts, RR: 6
Reply 16, posted (9 years 7 months 6 days 5 hours ago) and read 1893 times:

Quoting NumberTwelve (reply 12):

Only had 1 experience with Paypal and it was very very bad:
I bought a plane from a guy in HK, paid via Paypal and of course it can take some time till shipping ended.

After 31 days, you can forget paypal, you don't get any money back, no insurance. On the other hand you can't call ebay customer protection within the first weeks (I think its 6 or 8 weeks).

So I paid and now I am in contact with HK police concerning the guy. Paypal didn't help anyway.


I've heard of this guy. He's scammed hundreds, if not thousands, of people before. It's not PayPal's fault that this bastard is still out there. I think one of his aliases was Jamie Byrd or something like that.


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