booksbooksbooks
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posted on October 9, 2000 09:13:41 PM new
From Paypal's "Policy Changes" page:
----BEGIN QUOTE----
Postage and Handling Fee for Check Withdrawals
Entry Date: October 9, 2000
Effective Date: October 16, 2000
In order to encourage our customers to withdraw funds by electronic transfer rather than by check, as of Monday, October 16, there will be a $1.50 postage and handling fee on check withdrawals. There is no fee for electronic transfer, which usually requires only 3-4 days to complete (compared to 1-2 weeks for check withdrawals).
----END QUOTE----
Unless my calendar is seriously defective, October 9 to October 16 is not the two weeks notice we were promised just a few days ago. The time that passes between promise and broken promise keeps getting shorter.
Care to explain this one, Damon? On second thought, don't bother. I really don't care anymore.
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radh
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posted on October 9, 2000 09:19:02 PM new
I'd suppose that that is the attempt by playpal to compete with Billpoint/VISA who offer FREE electronic checks.
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breezeb
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posted on October 9, 2000 09:31:12 PM new
Wow, booksbooksbooks... thank you for posting this info. I was going to leave my balance in my account and wait for a winning auction to spend it on. But was also planning to withdraw it in about a month if I hadn't spent it by then. I'm not going to wait any longer, as I would be withdrawing by check.
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GUMDROP69
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posted on October 9, 2000 09:36:14 PM new
what a bunch of whiners.
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donjoff
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posted on October 10, 2000 06:05:24 PM new
Funny... I just logged in to paypal and went to their policy changes page, and there was no mention of a check processing fee.
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breezeb
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posted on October 10, 2000 06:19:02 PM new
Funny... I checked it as soon as booksbooksbooks posted this info, and verified the notice was there before I requested to withdraw my money by check, and avoid these fees. Now the notice has suddenly vanished. How very nice.
[ edited by breezeb on Oct 10, 2000 06:19 PM ]
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rubys100
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posted on October 10, 2000 08:12:54 PM new
booksbooksbooks is correct.There was a mesage there this morning.
I sent them an e-mail to close my account out because of the new fees.
Their message is no longer there.
I also now state on my auctions that I will not accept Paypal under any cirumstances. This is getting too wierd and I'm worried about not being able to withdraw funds in the future.
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cocacolacathy
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posted on October 10, 2000 08:30:49 PM new
I've been using Paypal since the beginning, and I think their fees and practices are quite reasonable. Why wouldn't someone want to have an electronic deposit to their account rather than a paper check? Seems much more convenient to me.
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bunnicula
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posted on October 10, 2000 10:12:08 PM new
Some prefer the checks. Some don't want to give PP access to checking accounts. Some like freedom of choice & really dislike being forced to do something we don't want to do.
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breezeb
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posted on October 10, 2000 10:18:47 PM new
Well said bunnicula! I always like the way you phrase things. 
(edited because I want the cute spinning one)
[ edited by breezeb on Oct 10, 2000 10:21 PM ]
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uaru
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posted on October 10, 2000 10:38:27 PM new
"Some like freedom of choice & really dislike being forced to do something we don't want to do."
Paper checks sent via snail mail ARE more expensive than ACH deposits. They will have to charge for that 'freedom'. I can only wonder how many members are having a check cut at the end of every day for $5-$10 bucks or even lower amounts. It is sad how the paranoia of direct deposits restricts some.
It isn't right to expect a business to give up it's freedom to make profits either.
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toyranch-07
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posted on October 10, 2000 10:51:11 PM new
I believe the issue brought up by the thread is not so much that they are instituting a new and reasonable (IMO) fee for cutting and mailing a check...
But rather that the promise Damon made just a few days ago on behalf of PayPal was that any NEW fees would not be instituted without 2 weeks notice.
The notice given for this new fee is 1 week. It's probably enough time for people to react and make their business decisions based on how it may effect them, but WHY does PayPal say "2 weeks notice" and then a few days later give a 1 week notice?
That's the really puzzling, confounding, frustrating, and maddening thing about it. It is the constant erosion of credibility and trust and faith that they have even a teeny tiny clue what they are doing...
IMO
http://www.millionauctionmarch.com/
[email protected]
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breezeb
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posted on October 11, 2000 02:42:21 AM new
They will have to charge for that 'freedom'.
Apparently they may have decided against charging for a check withdrawal because as stated earlier in this thread the notice has been removed.
It is sad how the paranoia of direct deposits restricts some.
Oh boy [insert rolling eyes here]. I too would like to judge and frown upon people who do not get electronic transfers into their checking account. It MUST be a serious character flaw and mental defect. Maybe Prozac can help these paranoid types.
[ edited by breezeb on Oct 11, 2000 07:38 AM ]
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slr102
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posted on October 11, 2000 04:28:00 AM new
better than that - after only giving one week's notice, they've CHANGED the date on the website!
it now says that this change went into place on october 2 - not october 9, when they posted it...
my feet will do the walking soon enough...
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spuddy98
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posted on October 11, 2000 05:12:33 AM new
Well said uaru!! PayPal is the best thing to come along since Ebay! Now if you all weren't selling things on such a slim margin you'd all be happy. I can see a problem if an auction closes for under $9.99 and you have to pay Ebay and PayPal to get one check every day but you need to sell items that will make you money. I have a job that pays me well and Ebay auctions are fun money. I sell things I pick up at sales for usually under $10 for $20 and up. I figure if I can't make about $7 to $10 per llisting it is not worth the time to write it up. I don't use any listing tools and don't really see where they could dave me much time as I still have to type in lthe description anyhow. PayPal should charge sellers all the fees and none to the buyers. Remember if you have a Visa account they charge small businesses about 3% plus other fees.
as far as giving out your personal account info? Get of the net and go live in Ted Kosynski's house, I hear it's available and no one will intrude on you there. ( The fed's might have it bugged though!)
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donjoff
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posted on October 11, 2000 06:28:37 PM new
The change is gone, again. I'm beginning to doubt that it ever existed.
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capotasto
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posted on October 11, 2000 07:22:02 PM new
WTF... it IS gone!
Reminds me of ebay a couple years ago... run it up the flagpole and if they yell too loud, run it back down the pole!
But PP plays with our money. This is scary!
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macandjan
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posted on October 11, 2000 07:29:02 PM new
You can do what I do - Put a checking account on the PayPal account that has all the sales coming in and have no money in that bank account to speak of.There is nothing there to take. Transfer any money you wish to withdraw to your other PayPal account that is linked to the various bank accounts you wish to wire. Don't direct any payments to that personal account. It is an extra step but it isolates your account that might have chargebacks from your bank accounts.
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dman3
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posted on October 11, 2000 07:30:20 PM new
ITs there its gone its there its gone wow there web masters name must be flash.
WWW.dman-n-company.com
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breezeb
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posted on October 11, 2000 07:44:33 PM new
I've been trying to figure out if this policy is going to take effect or not. Their posting and unposting of notices had me a little confused  .
Well here is what PaypalDamon has said in another thread:
"The check withdrawal policy is not going into effect and we are evaluating other options as it relates to check withdrawals."
See for your self...
http://www.auctionwatch.com/mesg/read.html?num=41&thread=3455
[ edited by breezeb on Oct 11, 2000 07:46 PM ]
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KateArtist
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posted on October 11, 2000 09:01:06 PM new
Yeah, well Damon said that mail confirmations were good too
I can see that it can be expensive to believe that Damon's words mean anything more than the hourly list of TOS rules.
[ edited by KateArtist on Oct 11, 2000 09:02 PM ]
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mrpotatoheadd
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posted on October 11, 2000 09:07:51 PM new
Have they cut back to only making hourly changes then?
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