paypal workings

I think I have finally figured out how PayPal works, maybe I am the last one to do this. If you have a balance in your PP account and pay someone, everything is free. But if your pp account is linked to a credit card, like mine, the recipient has to pay about 4% for that transaction, plus you can only have 5 of these transactions a year. Which probably makes sense, since PayPal is not going to pay the Credit card charge. What I have not figured out is if you link your PP account to a debit card if there is a charge. Anybody know this?

Paypal has many different types of accounts and many different rules that apply to them. Some accounts can only accept payments from the country you live in, some can't accept payments by credit card, some have huge fees attached to them, some have small per transaction fees. No account that i know of lets the person selling the item charge extra for people paying by Paypal to cover the fees, in any accounts i have experience with it is strictly forbidden and can result in penalties and closure of your account. It is a very convenient way to pay for things but the fees can get bothersome.

If you really take the time to read all of the fine print for all of the different accounts your brain will self destruct from all of the do's, dont's, sometimes can'ts and other good stuff.

Herefishy.
Linking a Paypal account to your debit card is a Bad Idea. If your account gets scammed ( it happens) and it working off of a credit card, you have the security of the credit card company and it's guarantees working for you. They don't actually have YOUR money, yet. If the PP account is drawing on your checking account or a debit card, they have your money, and it's much more difficult to fight.

If I remember correctly, you can put money in your account, "Load" it, as it where, to draw from.

Kirk

I have had Pay Pal double-hit my account several times for the same purchase. It takes an act of Congress to get them to fix it.

I wish someone would start another service in competition with them. I don't like their business practices, but right now, they are the only game in town.

They are not the only game in town. Buy and pay with a money order. If the seller only accepts paypal, buy from someone else. Why pay all those extra fees? Jim

I pay by personal check. If you don't accept that, we don't do business.



Mark

A per Ebay's new rules, Pay Pal is the ONLY type of payment you are allowed to list as a seller. If you accept money orders, or whatever, you have to do it outside of EBay. I think it stinks, but like I said, Ebay is the only game in town right now. The other small auction sights are dismal, as is Craiglist, by comparisen. The only other good auction site is Gunbrokers.com, and they only have shooting sporting goods.

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Originally Posted by jimsnarocks

They are not the only game in town. Buy and pay with a money order. If the seller only accepts paypal, buy from someone else. Why pay all those extra fees? Jim

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Originally Posted by Gigmaster

I have had Pay Pal double-hit my account several times for the same purchase. It takes an act of Congress to get them to fix it.

I wish someone would start another service in competition with them. I don't like their business practices, but right now, they are the only game in town.

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That is what I am talking about, is a direct-pay alternative. I read about something called "gearpay" and it sounded very interesting, but evidently nobody has used it. I didn't even know that paypal charged a fee for private transactions till lately, and I am going to be sure that my account is loaded so the people I pay won't have to pay fees.

Hey if someone won't take a money order see ya!!!!!!!!!! The Ebay rule of nothing but PayPal is BS, they just want the extra take from PP fees plus the fees they get from items being sold. Totally rigged!!!!!!!

Fatman

Hey Guys,

Marco and Fatman, you echo my feelings exactly. If you don't take other forms of payment than PP, the h*ll with ya! There's plenty of other fish in the sea. 8T :)

HATE PayPal. Sucks big time.

Well folks, I'll be the "other side" here. I have used PayPal a lot over the last few years & have NEVER had anything but positive experiences. I have paid & accepted payments.
I have found it secure & not to be disagreeable with Marco, but do you have any idea ...
1) How many hands touch an envelope (with check inside) between the original mailing point & it's final destination?
2) Info on check= name, address, routing number, account #, & check# (which gives thieves a "starting point")
In the case of money orders, if they are lost, you'll want a bank money order on which you may stop payment. Others,if lost, take a good deal of time to trace.

Just another opinion. I prefer PayPal.
Mike

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Originally Posted by jimsnarocks

They are not the only game in town. Buy and pay with a money order. If the seller only accepts paypal, buy from someone else. Why pay all those extra fees? Jim

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The seller pays ALL the fee's not the buyer, it cost's you (the buyer) nothing but the selling & shipping costs.

I hate Paypal.

It seems that they have rules that only make sense for themselves, and don't even bother trying to get a straight answer to a question or problem.

Several days ago I received a $5,143 payment for a camera surveilance system that I had sold on Ebay. My Ebay fees were $113 for the sale, and my Paypal fees were $150.

The first thing I got was a message from Paypal saying that I should not ship the item until they conducted a review of the transaction, or I would not be covered under the Paypal Seller Protection Policy, and that their review could take as long as 24 hours to complete. So, I waited. 24 hours came and went. Sometime into the 2nd day, I got a message saying it was okay to ship the item.

Then, when I tried to withdraw the money from my Paypal account, I got a messsage saying that I should review and update the dollar limits established for withdrawals. The message said go to my Account Overview page, and then click on the Withdrawal Limit link (or something to that effect). When I did that, there was no such link on my Account Overview page. UGH!

You'd think that somewhere in this equation there'd be some relevance to the fact that both the buyer and seller involved in this transaction have 100% Ebay feedback ratings on hundreds of transactions, plus I'm a Premier rated and Verified Paypal user on 100's of transactions (whatever the Hell that means!)

Oh, well. Sorry for the rant!

On the plus side of this transaction, the item that I sold for over $5,000 (which actually belonged to my son) was recently purchased for $250! Where else but on Ebay could you turn a net profit like that?

John