posted on May 1, 2002 04:39:50 AM
This is the first time I have an auction that will close above $500.00. I noticed that eBay Payments is no longer available because the amount is now over the transaction limit. Is there any way to get around this if the buyer still wants to use eBay Payments? Can the buyer send me 1 payment of $500.00 and a second payment for the balance? If so, am I still covered by the purchase protection program?
posted on May 1, 2002 09:15:12 AM
I had that happen once. The buyer was a very high FB buyer and also sold. I was relatively new.
I emailed the buyer and explained the limit and she sent me $500 by BillPoint and the balance by PayPal. She was a real trooper because she had to sign up for PP to do that!
I sent the item with DC and entered the tracking number on the BillPoint invoice.
As to whether you are protected. I would imagine you would be protected for up to the $500 limit only.
posted on May 1, 2002 11:59:29 AM
billpoint is not just for ebay payments.i have used billpoint for a 2370 transaction,i have to charge it in 2 passes-2000,and 370.
of course please bear in mind if it is not an ebay transaction,there is no ebay protection or insurance.
but you can protect yourself as with any cc payments-sgned charge receipt,signature with delivery etc.
posted on May 1, 2002 01:29:11 PM
I just received the following from billpooint:
Due to your excellent eBay history, we have upgraded your Billpoint Standard
account to eBay Payments/Billpoint's Merchant Program. We have increased your
monthly limit from $3,125 to $12,500. The system will alert you that you are
approaching your limit when you reach $10,000 in any given previous 30 days (a
rolling total). Your per transaction limit has also been increased from $500 to
$2,000. Additionally, with Billpoint's Merchant Program you now receive a faster
payments schedule as well.
So I guess if you have alot of volume they will up your limit. I used to reach the limit EVERY month early.
posted on May 1, 2002 02:54:28 PM
If need be you can email eBay Payments and ask that your limit be raised. I have had to do this on two different occasions. They responded very quickly and stated the new limits.
I believe they scan your records to see if it's necessary then raise your limit accordingly.
"Being critical and judgmental requires little effort, what
requires
effort
is tolerance and compassion. Far too many take the easy path of
criticism."
--- Author Unknown
posted on May 2, 2002 08:23:42 AM
if you add in .50% deposit fee,it brings a transaction of over 15 dollars to (1.75 + .50)=2.25 and a 35 cents transaction.
i believe this is higher than paypal (if you can show them you have a competitive merchant account ),you get a 1.9% rate but you have to maintain dollar volume of 1000 a month or more.
paypal does not automatically deposit your fund .
but compared to a merchant account which has monthly fee,statement fee,set up fee,gateway fee,minimum discount fee,billpoint and paypal are cheaper.
propay is 3.5% and 35 cents transaction,if processing is over 1000 limit,there is a reserve.there is also a transfer fee when you want to transfer fund into your bank account.
posted on May 2, 2002 08:28:03 AM
i used to use paypal however i switched to billpoint and no longer use paypal.....as most of my transactiona are pretty high profit i can live with the extra charge i like the way billpoint do not hold your money just deposit it your bank...less chance of fraud and accounts being locked up etc etc
