chrisvnh
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posted on April 22, 2001 08:11:51 AM new
Hello all,
I havent posted in a while cuz I've been TOO busy selling stuff to come in here. I am on this bloody machine at least 15 hrs. a day and when i am not on it, it's because I am at the P.O. shipping buyers pkgs. out.
I hit the grocery store after the P.O. and then it's back here.
I was mad as hell as anyone when paypal started chrging us and even thought of dropping it after reading the comments here, but the fact is that paypal is STILL at least 30 % of my payments.
I offer bidpay and even propay for C.C.'s and I offer achex which is starting to pick up.
The break down for me over the last few months is; paypal 30% checks and M.O. 50% achex 10% bidpay 5% and propay(which a buyer doesnt even have to join to use it for free)5%
One thing I will say, is that since paypal started charging, I have not had 1 problem. I am not saying that they got better but no problems which is ok with me.
I will NOT be using thier debit card though, or even bother to activate it cuz I am still old school and send all my money to my reg. bank account once it comes in.
I know it aint instant money but I am too damned busy to care. As long as money rolls in and paid for pkgs. roll out, thats all I care about....turnin the stuff over.
Do I wish it were the "good ol days" when I didnt hafta pay paypal? You bet. But I wish it were the same "good ol days" at ebay when there was only 2 dealers of what I sell in my cat. instead of like 30. I wish I had 30 or 40 buyers biddin my stuff up instead of the 1 or 2 that do so now if I am lucky(thank god for repeat buyers)!
But if wishes were horses, then Regis would finally win his emmy award.
Paypal stays as the way I get paid for 30% of what goes out my door and that's the bottom line...period
thanks - chris
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paypaldamon
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posted on April 22, 2001 05:36:42 PM new
Hi outletz,
PayPal and X.com merged, but this did not mean the payment service took on the banking product. In other words, the banking and payment products were never combined from the two entities. They had always enjoyed separate features and support teams.
The banking operation has since ceased operations (I believe this was in December).
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cr8v1
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posted on April 23, 2001 06:59:53 AM new
I was at eBay University over the weekend and found out something interesting. PayPal does not charge the buyer's credit card the interest for a purchase but rather as a cash advance.
I take PayPal as a seller, and I have used it in the past to purchase. Notice: in the past. As a result of eBay University, I signed up for Billpoint and will add whatever way the customer wants to pay.
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toke
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posted on April 23, 2001 07:22:52 AM new
I don't get it. If PayPal charges the buyer for a cash advance, how in the world do buyers do charge backs?
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yisgood
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posted on April 23, 2001 07:50:25 AM new
I think that message was confused. Paypal originally wanted to operate as a 2-step process (something Paydirect pretends to do) in which the buyer first funds their account and in a separate step makes a purchase. They thought that this would prevent charge backs. But the CC companies claimed that this is the same as a cash advance and interest would then have to be paid on every transaction. So PP had to make it a purchase, which are subject to charge backs. It is also the reason for the "quasi cash" choice when you make a payment.
http://www.ygoodman.com
[email protected]
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cr8v1
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posted on April 23, 2001 09:46:55 AM new
Is it more clear by saying the buyer's card is charged the percentage as if it were a cash advance?
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yisgood
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posted on April 23, 2001 09:59:46 AM new
cr8v1: Paypal does not charge the buyer anything (unless the buyer foolishly chooses "quasi-cash" . Therefore a PP charge is not a cash advance but a purchase and therefore it can be charged back. This makes PP great for buyers but not so great for sellers.
http://www.ygoodman.com
[email protected]
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paypaldamon
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posted on April 23, 2001 01:27:35 PM new
Hi cr8v1,
I was at eBay University over the weekend and found out something interesting. PayPal does not charge the buyer's credit card the interest for a purchase but rather as a cash advance.
I take PayPal as a seller, and I have used it in the past to purchase. Notice: in the past. As a result of eBay University, I signed up for Billpoint and will add whatever way the customer wants to pay.
_____________________________________________
This information is incorrect. The user chooses the kind of payment they are making. Purchases are shown as purchases and the only one that runs into a cash advance issue is the "quasi-cash".
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cr8v1
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posted on April 23, 2001 02:00:43 PM new
Just repeating what our instructor told us. What do I know?
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paypaldamon
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posted on April 23, 2001 02:05:42 PM new
Hi cr8v1,
I just wanted to correct the information for your benefit (and that of the other posters).
Quasi-cash will possibly be billed as a cash advance.
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cr8v1
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posted on April 23, 2001 02:13:40 PM new
Hi,
I stand corrected, I think.
Thanks.
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nofishing
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posted on April 23, 2001 08:05:22 PM new
Pay Pal is NOT supposed to charge a fee when funds come from a balance or electronic check. They have been charging me the fees and won't refund.
I won't take PayPal, but I do accept Yahoo Pay Direct. So far no problems.
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thepriest
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posted on April 24, 2001 05:40:56 AM new
good info - thanks
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paypaldamon
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posted on April 24, 2001 12:37:05 PM new
Hi nofishing,
Premier/Business accounts are charged a fee for receiving payments. Do you have a Premier or Business account?
Personal accounts are not charged, but they do have a limit that they can receive (through credit card funding) before a user would need to upgrade their account.
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