Juggheadd
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posted on April 7, 2001 02:34:31 PM
I have no credit card and don't want ANY plastic money.
I don't live in the USA.
I am fairly new to ebay so I don't have a 10 feedback yet (going to be hard when I am not allowed to sell (!!!) without a CC)
So, I can't use BIN.
I saw something I wanted and bid the BIN price. I emailed the seller asking where to send the dough. No answer and the bidding is still going on.
What a rip 
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spazmodeus
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posted on April 7, 2001 02:45:00 PM
Don't blame eBay and don't blame the seller. Blame all the thieving deadbeats who have made such precautions necessary.
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Juggheadd
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posted on April 7, 2001 03:06:56 PM
I am sorry but I cannot see the relationship between someone having a credit card and someone being a deadbeat. Payment is not done with a credit card so how would having one make any difference at all?
Having a credit card these days means nothing. Capital One sends me at least 5 applications every month for one, and my two dogs also get one or two, my deceased mother, and my 5 year old son!
And why would you need a credit card to SELL??????
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spazmodeus
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posted on April 7, 2001 03:13:40 PM
Credit cards provide a higher degree of accountability, make it less likely (though doesn't rule out) that the person buying/selling is a liar and thief who will refuse to honor deals made on eBay.
As for why a credit card is needed for selling -- that's how eBay collects its fees from sellers. They charge our credit cards at the end of each month. That way, no chasing sellers trying to get them to send in the owed amount.
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Glenda
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posted on April 7, 2001 03:14:05 PM
[i]And why would you need a credit card to SELL??????[/url]
So eBay can bill ya.
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Juggheadd
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posted on April 7, 2001 04:14:46 PM
Well I guess I won't be buying any more stuff from ebay then. What ever happened to the good old days.
Thanks for the answers
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reston_ray
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posted on April 7, 2001 04:30:57 PM
Think about a debit card. It is much like paying with cash while still having the identification and remote buying ability of a credit card without monthly bills etc.
I, and many other sellers, recognize the problem and often set our BIN at one cent above the starting price.
I will end an auction with a just below BIN bid and treat it as an immediate sale with check or money order payment when asked.
EBay will not let you BIN bid and YAHOO won't let you make any bids without a CC but most sellers do want all buyers no matter how they pay.
At YAHOO we would even cancel auctions when someone emailed that they wanted to make a purchase but had no CC.
Can't do that at eBay due for fear of a FA(fee avoidance)branding on my forehead but we really do want to do business.
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Meya
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posted on April 7, 2001 04:31:45 PM
While I understand that many people don't like to have credit cards, or they can't due to past credit problems. But, how do you deal with booking a hotel room, or renting a car, or other similar deals without a cc?
I don't like to use ours, but they sure seem to be almost a necessity in this day and age.
We just had to book a hotel in Chicago for an upcoming family wedding. I'm not sure how we would have done that without using a cc.
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spazmodeus
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posted on April 7, 2001 04:36:46 PM
That's a wise choice. If you have this much problem just using the service, I reckon you'd probably be a very difficult customer for any seller to deal with.
What I find curious is that you give the impression that you know very little about eBay, haven't used it very much, yet you managed to find your way just fine here to AuctionWatch to gripe about it.
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Juggheadd
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posted on April 8, 2001 08:50:00 AM
"If you have this much problem just using the service, I reckon you'd probably be a very difficult customer for any seller to deal with."
Why are you insulting me? I have paid for EVERYTHING I have won in good old US cash. I have a very high rating on Yahoo and I am just starting with ebay.
"What I find curious is that you give the impression that you know very little about eBay, haven't used it very much, yet you managed to find your way just fine here to AuctionWatch to gripe about it."
I am new to ebay but not to the internet. I was on the internet way before ebay cam along.
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gravid
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posted on April 8, 2001 09:10:28 AM
Basically eBay is using the credit card companies to do their work for them because they don't send you a card without a street address verified to be able to bill you.
eBay does not seem to be interested in doing an identity check unless you are willing to pay for it.
The credit card system is pretty much the standard businesses have settled on for reservations and identification. If you use your head there is no reason not to use a credit card. It is possible to use them without any fees if you get the right sort and the safeguards against someone using your number for fraud are reasonable.
If you won't use them for reasons of personal conviction that's fine but it comes with a price because nobody is going to go outside what they see as a working system to accomadate your personal desires when millions of other people are happy to do business that way.
Frankly most businesses view not being able to use the CC system as an alarm of sorts that there there are problems with your credit worthiness even if that is not the case because it is the commonest reason.
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dman3
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posted on April 8, 2001 09:35:00 AM
Actually there is a million and one reasons not to have a credit card.
One of them is the high interest rate.
Answer me this why would anyone use a credit card to do business on ebay at 21 % to 25% Interest rate when they can get a debt card that works the same as a CC and the interest rate is nothing.
there is no bill at the end of the month because you spent your own money you didnt take a short term loan.
every one complains about the percentage AW paypal bill point and other companies charge but they dont blink at the 21% interest compounded daily on there credit card on short term money they are loaned.
you can get verfide to buy and sell on ebay without a credit card they use a verfication company that charges I think $16 to do the verfication for you and send the info to ebay.
trouble is without a credit card on file there if you want to sell your account is locked at $25 at a time when you reach that amount for listing and sales you cant list till you send them your payment.
Ebay also will accept prepayment so you can send them $50 or $100 more then you owe and they will credit your account for your perpayment.
how ever you will need a checking account on file with them to use billpoint you can then use billpoint to accept echecks and deposit auction payments to you into your checking account.
http://dman.Dman-N-Company.com
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sonsie
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posted on April 8, 2001 10:03:16 AM
"every one complains about the percentage AW paypal bill point and other companies charge but they dont blink at the 21% interest compounded daily on there credit card on short term money they are loaned. "
========
Anybody who is paying 21% interest on a credit card balance either has some serious credit problems and can't get anything better, or is too lazy to keep an eye on their incoming junk mail and sign up for a credit card with an interest rate of less than 10% (some are as low as 0% for so many months).
And of course, there are lots of folks who actually PAY OFF their balances every month and pay NO interest.
Discover cards pay YOU 1% (or more) on purchases, even if you pay your balance off every month.
IMO, it's extremely difficult to manage these days without some form of credit card, even if all you use it for is renting cars or holding hotel reservations. And there are plenty of options that don't involve outrageous interest rates and huge balances.
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dman3
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posted on April 8, 2001 10:41:33 AM
Actually me and my wife have not had a credit card for 11 years.
Its not really Imposable to live inside your means at all and as far as renting car and stuff well debit cards do the same trick as a credit card.
This this country when a person has a family of any size over three there is no such thing as good credit any couple with more then 1 or two childern is concidered a high credit risk.
if you are a family of 4 or 5 in the USA makeing under 60 thousand a year you are liveing at poverty level today.
Your rent or mortage payment yearly would be eatting up more then the 35% of your income allowed by most companies to concider you good credit risk.
when me and my wife make out a credit app the lender never get past the point where it asked how many members our family has once they see we have a family of 7 and we are paying a mortage on our home we are turned down they dont even get to the point of credit check or our yearly income.
only type of credit we are allowed is for auto loans since the bank holds a lean on the car they can repo if we dont pay and even then the down payment must be large as they will not make a loan that will go over 5 year or a total of $400 per month.
there is more to good credit then just paying your bills on time and haveing a job in this country.
for many haveing high inerest credit card has nothing to do with there being lazy or haveing bad credit per say it has to do with how High a risk you are.
a couple with 1 or no childern is a far lower risk then a large family as there cost of liveing is much less then a family of 4, 5 or even 7 even when there is two or more incomes.
as well age plays a roll in credit the older you get the higher risk you become as well a person 21 to 35 could get a loan for anything no insurance payments of $300 to $400 a month which fits inside the lenders rules no problem.
A guy 40 to 55 on the other hand would have a tough time because the lender will insist on life and disability insurance on the loan raiseing the monthly payment on the same money to $600 to $650 per month which the olders guys income will not fit inside the lends rules for lending money.
As well rolling over your credit card debt every few months to a new company for there teaser rates never save you money on interest because each time you roll your balance over they add the new company gives you the lower rate for x amount of months but they tack on fees to the rolled over balance makeing your balance with the new CC company high then it was.
you then owe the new company from $100 to $200 more then you owed the last no interest on the new card for new purchase but they still add interest to the money it took to pay off your old card balance in the end saveing you nothing but actually costing you more money in the end.
but then no bank will say get our credit card pay off your old high inerest card get 0% interest for 60 day and save $0 it just wouldnt sell .
http://dman.Dman-N-Company.com
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sonsie
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posted on April 8, 2001 11:28:35 AM
DMAN...I guess our experiences with credit have been very different. I frequently roll over high-interest credit balances to lower-interest cards...no fees, no nothing. I haven't got a single card on which I pay more than about 13%, and most are considerably lower than that.
Our family profile contains all kinds of red flags for lenders (two self-employed persons, high medical expenses, "over-mortgaged" for the income, not eligible for life insurance due to illness, etc.), and yet we have a sterling credit record and have been able to refinance our home mortgage several times. We've yet to take out a car loan in over 30 years, since we buy used cars for cash. Apparently, the credit card companies love us, since we keep getting those free offers in the mail (most of which we throw away).
This is getting far afield from eBay, though, so I'll just say in closing that your decisions about how to handle credit are personal and based on your finances and money philosophy (as are mine).
It's quite possible to get credit and use it appropriately even if you have a large family, are self-employed, have serious health problems, etc.--so long as your credit rating is good (or better). If you've been told otherwise, it's possible that you ran into a lender who just wasn't willing to work with you. If you've decided on your own that having a credit card isn't a Good Thing, well, then, that's your decision and I certainly respect it. Just please don't scare everybody else into believing that having more than two kids means you can't get credit, or that a 21% interest rate is the norm. It isn't.
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eventer
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posted on April 8, 2001 12:31:20 PM
First, you don't have to have a credit card to register to buy on ebay. You only need a credit card if you use something like the hotmail accounts.
Secondly, if using BIN is so important, why not buy 10 small items, get your rating up to 10, then you don't need a credit card.
Thirdly. You don't HAVE to have a credit card to sell on ebay. You can go through the ID Verify program & use other payment methods.
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Juggheadd
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posted on April 8, 2001 04:31:47 PM
"you can get verfide to buy and sell on ebay without a credit card"
ONLY if you live in the USA!!! I have stated this several times - wish I could UNDERLINE IT so you would see my point
As far as buying 10 items to get my feedback up I have already bought 17 items on ebay. So far my feedback is up to 3. Most of the stuff I bid on I lose at the end so I was trying with BIN to help out you sellers. When I registered I used a university email account. It uses the old PINE system and I don't always get the outbid notices before the auction closes.
Do you know that you also have to have a credit card to change your email address???!!!
Anyway ebay sent me a nice response when I asked them about this. They told me that they have had a lot of complaints and they are looking for a better way than using credit cards.
[ edited by Juggheadd on Apr 8, 2001 04:34 PM ]
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discountdigital
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posted on April 8, 2001 06:35:37 PM
I've noticed that Ebay's automated e-mail is pretty slow in general... I've received some of my WBN's up to 1 DAY after the auction close.
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mikeselis
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posted on April 8, 2001 09:10:36 PM
If you have such a big problem just get a DEBIT card and use it for Ebay. Go to an online bank such as Netbank and they will give you a Visa branded card. I know for a fact that they rarely charge your card because I ended up being a month behind in listing fees because I thought they would just bill my card. I didn't pay any late fees because I had only owed under a dollar and they won't waste time collecting such a small amount.
If you put a card on file, even people with ZERO feedback can BIN. We did it once with something we (someone over my house) were looking for something and we decided to BIN on their new account.
My advice is if you want to get quick feedback
bid in the category
Top > Stamps > United States > Collections, Mixture
You can quickly find items for about a buck and about a buck shipping. Normally you should pay about $.01 per stamp. For $20 you have a bunch of high quality transactions. Take your auction winning items and give them to grandchildren, the kids, as a present to the neighborhood kids for cleaning your basement... etc. Donate to local school for history lessons...
BIN is one of the better ideas Ebay had because it eliminated many of the auctions that had a reserve because the seller could just set the BIN price to the amount they wanted and start bidding at the BIN price. Either way the seller recieved the amount they wanted. Many sellers start bidding at $.01 and then get upset when they don't make a profit at all. If they just raised their start price to what they wanted and they used BIN they can make a profit. I have had sellers who refused to sell to me because they didn't make a profit and would have to sell below cost. I would have paid a few more bucks (if they had made it BIN).
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Juggheadd
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posted on April 8, 2001 09:39:15 PM
Thanks for all of the comments. I am going to wait and see with ebay to see if they change their rules before placing any more bids.
Auctionwatch you may as well close this thread now.
Thanks.
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SaraAW
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posted on April 8, 2001 09:44:46 PM
Hi all,
This thread is being locked at the originator's request
Best,
Sara
[email protected]
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