posted on October 1, 2000 09:37:19 PM new
I just had my third customer mail me payment for my Ebay auction through Payplace. The past 2 transactions I had transferred to my credit card (X.com debit Visa card). Now I just tried transferring this transaction to my card and it tells me I need to "add a bank account". I already did this once- and had 2 successful transactions. Why do I have to enter a new CHECKING bank account? Anyone else notice this?
posted on October 2, 2000 12:46:17 AM new
Payplace and paypal are two different services. Paypal allows you to use both credit cards and bank accounts. Paypal used to allow you to transfer your balance to your credit card but they no longer do that. Although you can add money from both your credit card or bank account, you can only withdraw funds to the latter. Payplace deals with credit cards. They do allow you to transfer your balance to a credit card. Its been a while since I have used payplace. I think it is still the same way.
posted on October 2, 2000 07:16:59 AM new
I know the difference between Paypal and Payplace - at least 80% of my customers use Paypal. But I'm having problems with PAYPLACE. I just tried entering my checking account information to transfer my money there and it says my info is not valid. So now I have money in there that I can't get out.
posted on October 2, 2000 07:34:54 AM new
Valerie,
I had the same problem. Payplace doesn't seem too interested in resolving it, and I got tired of dealing with it, so I finally requested a check be sent by mail (1-3 weeks). I'm not too pleased about the entire situation.
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posted on October 2, 2000 07:38:58 AM new
Looks like I will have to request the check also - and then be sure to take all Payplace logos off my auctions!
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The only place you'll find success before work is in the dictionary.
posted on October 2, 2000 08:06:52 AM new
I don't understand PayPlace's logic. They seem to prefer people be paid by check via snail mail.
You may withdraw your full amount from your PayPlace account, if you are requesting that we send you a check. However, $200 is the maximum you can electronically transfer from PayPlace to your bank account within a 90-day period.]
I know that works out great for some, but I don't want checks sent via snail mail, electronic deposits give me a much more secure feeling. Any theories on why PayPlace discourages electronic deposits?
posted on October 2, 2000 09:06:46 AM new
because an electronic transfer is instant, the money leaves their system immediately....but in mailing a check, the funds are in limbo, not transferred out of Payplace's system yet so they can earn their "float".
