NWREBEL
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posted on January 15, 2002 10:14:05 AM
http://www.swapselltrade.com/paypal_lies.htm
Back to this issue above, I just spoke with my supplier and he said that he spoke with Cabot at Paypal and they admitted they have my funds, Also US BANK verifies paypal has the funds, but Paypal tells my vendor that I cancelled the check on the day Paypal closed the account. Now paypal is telling my vendor that they will not give the money to him under any circumstance?
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dadofstickboy
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posted on January 15, 2002 11:56:00 AM
This is like the 4th post on this and it's not even an Ebay subject. Move on!! Paypal told you what to do, but you didn't want to follow instruction's you decided to close your account. Paypal told you they would return your money after the proper amount of time. So any problems were created by you! And you will get your money back,so give it up! When they send your money back pay your bill!
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nufsaid
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posted on January 15, 2002 12:02:39 PM
dadofstickboy, I disagree. I for one am interested in the outcome. A lot of us ebay'rs use paypal and an open forum is good to have.
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dadofstickboy
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posted on January 15, 2002 12:14:58 PM
nufsaid:
If you've been reading these posts this problem has been created by the poster. Paypal has rules and he doesn't want to follow them! He got a bug up his butt and closed the acct. All that did was multiply the problem! Paypal is only holding his cash for an alotted amount of time to make sure no charge backs come in. Then it will be returned to him! I've been with Paypal for 2 years now with no problems and like myself any user that follow's their TOS encounter no problems.
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tomyou
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posted on January 15, 2002 12:22:58 PM
I agree total. Sure post your gripe, but give us a break you have been plastering the same issue all over the place for ever. It doesn't show you to be very professional and I for one would shy away from doing business with you. One or two posts is fine, let us now how you feel and explain the situation but JESUS GIVE US A BREAK ALREADY!!!!!!!
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dadofstickboy
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posted on January 15, 2002 12:26:22 PM
nufsaid:
Your right an open forum,for related subjects is good! But 1 post would have been plenty.
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tomyou
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posted on January 15, 2002 12:30:07 PM
Not 20 minutes ago in another post you state this is a dead issue and you will no longer post about it. That shows your true colors if you ask me. I would for certain side with paypal after reading all of the posts but it is clear no explaing can make you see that this whole ordeal is of your own creation so I am a person of my word and this is the last I will post on this. I, unlike some am able to move on 
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vvalhalla
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posted on January 15, 2002 02:25:51 PM
Doesn't it bother you that paypal took the guys money? It was paypal that closed his account because he refused to send them even more money as a deposit.
dendude
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kyms
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posted on January 15, 2002 02:36:48 PM
I use Paypal too, have for two years now. I also have had a few thousand transactions..Not one chargeback.
Paypal has never asked me for a deposit (knock on wood) but if they did I'd just fork it over and call it a business expense. They did say it was a deposit...the seller is not giving that cash away, it is safe and they will get it eventually (unless he keeps getting hit with chargebacks..)
Maybe I missed something, but how on earth does a seller rack up so many chargebacks? Either they are doing something wrong, or they have a huge number of dishonest bidders... Either way, I just don't see it..
I am interested in the outcome too..but it seems like Paypal and the seller have gotten involved in a pissing contest. I don't know how anyone here can help this seller. (and I won't be shutting off my account..).
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stopwhining
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posted on January 15, 2002 03:36:40 PM
kyms,
you said,
Maybe I missed something, but how on earth does a seller rack up so many chargebacks? Either they are doing something wrong, or they have a huge number of dishonest bidders.
-------------------------------------
he has 2 websites selling wholesale to retailers and internet sellers,he claims to do 75 k business a month and 25 out of that 75k are thru paypal.
interesting you ask,his merchant account has just one chargeback and his paypal account has 32.
well it is more than 32 since this episode as he has urged his recent buyers to file chargeback.
he claimed he has many sleepless nites wondering why so many paypal chargebacks/
his latest chargeback just hit paypal,over 600 dollars dated 7/2001/
so you figure there are more in the pipeline.
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Libra63
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posted on January 15, 2002 03:44:44 PM
[dadofstickboy] love that name. I am with you all the way. This does NOT belong in an eBay discussion board, even if we are using ebay. Please go down to the lower part of the Message Center and use the Buyer Beware board then I won't have to read about it. PayPal has never done anything wrong with my account and it will be 2 years in April but if they do, rest assured I won't come here to complain.
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dadofstickboy
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posted on January 15, 2002 03:55:14 PM
vvalhalla:
If you were actually reading these posts,I know it's hard cause he/she has them scattered all over.You would have read that Paypal did not take his money (for say) they are holding it in lieu of he/she making a deposit like they were asked to do. And if you were reading you would have read where he/she closed their acct. Not Paypal! And if you were reading you would have read were Paypal is only going to continue to hold till any chance of charge backs are over then the money will be returned to him! Paypal has implimented a feature called( rolling reserve) and that's what this is all about. But our poster here does not want to go along with it!
kyms:
Paypay will not ask you to make a deposit. If you become a high volume user or a lot of chargebacks occur they will implement the Rolling Reserve which put a small % of incoming money into an escrow acct. to cover any problems that may occur. And this money is returned after a said number of days.
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twinsoft
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posted on January 15, 2002 06:18:32 PM
Of course it's relevant to eBay and of interest to this forum. On the other hand, the issues have been presented clearly and at this point I doubt anyone will change their minds re: Paypal. Many sellers feel their businesses depend on Paypal. That, and not any ethical consideration, is the bottom line.
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tomwiii
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posted on January 15, 2002 06:31:57 PM
G.A.L. 
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vvalhalla
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posted on January 15, 2002 06:38:30 PM
Dad, the money was withdrawn from a checking account for use in an echeck payment not to fund paypals rolling reserve. When the request for additional funds was denied paypal closed the account and canceled the echeck payment. They knew they had his money and that they could apply it to their rolling reserve without his cooperation. I don't know about you but I'd be pretty POed if somebody was holding my money and demanded more money or else they wouldn't return my money.
A rolling reserve requirement was not part of the account until recently. Any deposit requirements should be from this day forward with an opt out option.
dendude
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dadofstickboy
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posted on January 15, 2002 07:10:19 PM
walhalla:
GO BACK and read the posts! HE closed the acct. The E-check was cancelled the same day.
If you closed your bank acct,How many checks would your bank knowingly allow you to write??
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stopwhining
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posted on January 15, 2002 07:13:02 PM
like kyms asked -how can one seller rack up so many chargebacks??
i recommend all of you to read his past posts on how he take care of his merchant account and how he follow paypal seller protection program .
do you guys not have eyes,ears,nose like all of us?do yoy guys not read and hear and SMELL something??
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stopwhining
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posted on January 15, 2002 07:14:59 PM
i think NWREBEL has left us,he was violating aw rules by listing individual names and email addresses after being warned.
good luck to him and c2it.
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vvalhalla
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posted on January 15, 2002 07:28:33 PM
Dad, the paypal attached checking account was closed. In the "paypal caught redhanded" thread it's explained that paypal locked the account and then canceled the echeck.
Pretty easy to read & comprehend when I GO BACK!
dendude
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dadofstickboy
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posted on January 15, 2002 08:52:48 PM
walhalla:
Thanks for the challenge I'm enjoying this!!
If you would go back and read, not just grab the closest thing near you,you would have found this QUOTE from his/her earlier post's:
You state it was easy to read and understand,well so is this.
<b>Our company refused as we have a normal merchant account to process cards and have never been asked for a deposit. So when we refused to make this deposit and told paypal if they didnt like it that they could close our acount, Paypal froze all the money and replied with this email.</b>
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GU1HToM
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posted on January 15, 2002 09:05:50 PM
The ECHECK was written Dec 28th
The money was taken by PAYPAL out of his bank account Jan 8th.
The initial rolling reserve that he agreed to (5% of daily deposits) was in place for 3 days when the call was placed requesting him to add additional funds. (Jan 11th I believe)
He refused & they locked the account.
They (PAYPAL) still have the funds for the echeck.
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stopwhining
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posted on January 15, 2002 09:08:55 PM
so why does paypal single NWREBEL out and ask for a rolling reserve??
try to look at the whole forest ,not trees.
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dadofstickboy
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posted on January 15, 2002 09:20:29 PM
Everybody is quick to jump on Paypal's case when something does not go their way. The thing to remember is most problems are caused when Paypaler's don't want to adhere the TOS. Remember Paypal is neither a bank or a CC company. They are simply a go between for creditors & debitors. If things aren't done correctly a lot of serious problems could arise. So when someone does not want to play by the rules they need to step in and correct the trouble. They are covering their own butt's,and at the same time watching out for yours.
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Libra63
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posted on January 15, 2002 09:25:41 PM
I have been looking at the whole forest and I think he wasn't singled out he is only one that came in here to vent. Evidently PayPal was getting many chargebacks and that is the reason they changed their rules late in the year. NWREBEL didn't like that idea because he was asked to cover his chargebacks and because it was his own fault. It would be interesting to know just how many chargebacks he is going to have. If you distributor can't deliver at the appointed time he should have changed delivery time but he probably thought, I have so much business paypal won't do anything.
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GU1HToM
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posted on January 15, 2002 09:25:56 PM
I think the most interesting thing here is that no where has anyone stated anything on how items were shipped & signed for or if the necessary policies were followed to PREVENT fraud.
What I am guessing is that NWREBEL followed all the shipping rules & regulations set forth by PAYPAL. The chargebacks were not from PAYPAL investigations but because the buyers credit cards were issueing them against PAYPAL.
So PAYPAL asks for the rolling reserve.
32 (now 32+) chargebacks is alot. No total monetary amount was mentioned.
but on the other hand....
Why was PAYPAL still dealing with someone who had 10 chargebacks none the less 32?
Could it be that he brought in that much revenue for them?
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mcjane
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posted on January 15, 2002 09:46:34 PM
NWREBEL is not the only one who came here to vent. The person who was to receive the echeck has also been here.
This is an interesting thread, kind of reminds me of pre 11/1
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stopwhining
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posted on January 15, 2002 09:56:23 PM
i heard paypal is making efforts to go public again??
<br />
paypal would never tell,why with 32 chargebacks,they still want NWREBEL as a customer??
<br />
but the latest chargeback is from 7/2001 so it takes months to come to paypal.
<br />
i am afraid 32 is a past statistics,this one on 7/2001 for over 600 dollars could be number 33 and you figure if it takes 6 months for chargeback to come thru.more are in the pipeline/
<br />
as newrebel admitted ,he is in to wholesale so his order would be in the hundreds of dollars and he drop ships from a network of suppliers.if you go to his website and order many items coming from many suppliers,how does he co-ordinate the shipments,some arrive on time,some late,some backordered.
<br />
some could be discontinued,if backordered,i think his stuff came from asia,these items come in containload from china and would take at least one month to arrive.
<br />
also how does he exercise quality control,his suppliers could ship subsitutes and that could piss off his customers.
<br />
drop shipment sounds good on paper,but hard to execute,especially many suppliers are involved.
<br />
he claimed to have only one chargback with his merchant account but 32 with paypal.
<br />
why??
<br />
i dont think bad apples use paypal,i think nwrebel is very careful in following paypal seller protection to make sure he is protected from chargeback.
<br />
may be he does not serve his paypal cstomers well knowing if they file chargeback,he is not going to be affected.
<br />
i know some paypal members use their account to launder money or scam their own credit cards,paypal model is just wideopen to abuse.
<br />
<br />
<br />
[ edited by stopwhining on Jan 15, 2002 09:57 PM ]
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paypaldamon
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posted on January 15, 2002 11:24:38 PM
Hi stopwhining,
Not all chargebacks are the result of cc fraud. There have been several articles referencing PayPal's low fraud rates, which are the result of our anti-fraud methods. PayPal does take action against against accounts that have excessive chargeback issues (as a buyer or seller).
The issues that come to the boards are not reflective of an overall experience. The boards are a place where users can vent when they are upset, as well as a place that they can seek advice on how to resolve an issue.
Chargebacks are relatively rare. Users can take steps to help minimize the risk of a chargeback (Seller Protection,etc.). Good communication, as a buyer or seller, can help further reduce the probability of something happening.
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vvalhalla
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posted on January 16, 2002 06:18:57 AM
Hey Dad, when you close your checking account at the bank do they freeze your funds?
dendude
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dadofstickboy
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posted on January 16, 2002 06:29:07 AM
I don't know, I never tried it!
I suspect they would in case there are any outstanding checks!!
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