posted on June 13, 2006 08:31:18 AM
Just anutter PayPal wannabee...
b. Seller Protection:
For each Payment, if a Card payment submitted by a Buyer is approved by BidPay and applicable funds are remitted by BidPay to Seller’s Bank Account, BidPay shall assume the Chargeback risk for such Payment subject to satisfaction of ALL of the following conditions:
1. the goods shipped are not subject to the “Restricted Transactions” terms set forth in Section 2.1.d. below;
2. Seller ships goods using DHL, Federal Express, UPS, or the United States Postal Service;
3. the goods are shipped within five (5) business days or the timeframe stated in the auction listing, whichever occurs earlier, of Seller’s receipt of the applicable funds from BidPay;
4. the addressee information for the shipment is filled in correctly;
5. Seller obtains proof of delivery services for the shipment; (this is VAGUE -- what exactly do they want as proof?)
6. Seller provides BidPay with a complete and accurate copy of the proof of delivery for the Transaction in question within three (3) business day of BidPay’s request for such documentation;
7. the proof of delivery confirms that the shipment was in fact delivered to the correct addressee;(again VAGUE -- what about address; or do they really mean addressee?)
8. Seller was not engaged in illegal, fraudulent, or misleading activity related to the Transaction;
9. Seller assigns and delivers to BidPay the proceeds of any insurance recovery received from the delivery service if the shipment was insured; (what does this have to do with CHARGEBACKS?)and,
10. Seller is at all times in full compliance with applicable laws, rules, regulations, statutes, ordinances, and the terms and conditions of this Agreement.
posted on June 13, 2006 08:33:46 AM
Do they do traditional chargebacks though?
Where did they mention chargebacks because under the buyer's section they had this to say.
"For refunds or disputes, buyers should contact the seller directly. BidPay is simply a means of paying for auction goods. The seller must be involved in resolving disputes. Contact them via the auction site. At this time, it isn’t possible for BidPay to withdraw money from the seller’s account, so we aren’t able to process refunds from the seller."
posted on June 13, 2006 08:55:09 AM
I never did cancell my account with them when they closed down before. I hope i'm not still registered with them and they get it into their feeble minds to go ahead and put their icon on my auctions. I'd better go to their website and make sure that my account is cancelled.
posted on June 13, 2006 09:09:20 AM
. Seller assigns and delivers to BidPay the proceeds of any insurance recovery received from the delivery service if the shipment was insured; (what does this have to do with CHARGEBACKS?)and,
Tom,
since Bidpay eats the chargeback,any insurance proceed should go to Bidpay,not the seller,else the seller will be collecting twice for the same transaction!
/ lets all stop whining !! /
posted on June 13, 2006 09:11:40 AM
I thought the beauty of Bidpay is that it is considered a 'cash transaction',and you cant file a chargeback when you are getting cash with your credit card??
posted on June 13, 2006 09:14:40 AM
hwa - this is "BidPay" in name only. I think it is an electronic transaction now (no more money orders) and if you agree to be a seller you have to provide your bank acct # so BidPay can pass customer cc chargebacks on to you if you can't provide proof of delivery etc etc...the fees are HIGHER than PayPal....WHY WOULD ANYONE USE THIS??
PLUS you have to deliver in FIVE days (PP is 7)to qualify for seller protection
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posted on June 13, 2006 09:29:30 AM
Sounds like they should have changed their name to. Something along the lines of "BidPal". I agree they actually sound like their WORSE than PayPal is. Why would anyone even bother?
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. - Albert Einstein
posted on June 13, 2006 09:32:16 AM
Yes,I just read more of the seller requirement-
The new Bidpay will not mail any money order to the seller.
it will use ACH to credit seller bank account,it will also debit same account .
If it is unable to debit seller bank account,either it is blocked or seller makes changes to its bank account number as registered with Bidpay,then Bidpay will slap a fee of 25 dollars (or 20 dollars) for such mischief.
I dont see why anyone wants to use them?? or wait,anyone who cant use paypal will use them.
(Anyone on bad terms with Paypal like restricted account or debit balance in their paypal account would use Bidpay)
/ lets all stop whining !! /
posted on June 13, 2006 10:01:07 AM
Good point hwahwa. Didn't even cross my mind. The last resort for sellers on PayPal's s**t list.
One question I have though. Since they are now charging the seller for the fee's, can the seller pass the fee's onto the buyer? I know you can't charge buyers for using PayPal (big no no) but can you do it with BidPay? Doesn't really matter to me as I will not be using their service, just curious.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. - Albert Einstein
posted on June 13, 2006 10:36:02 AM
I dont know if we can pass the fee to the bidder,we cant pass Paypal fee ,so why would they let us pass Bidpay fee??
(you can pass Paypal fee if you are selling on Ebay-UK)
I am more concerned with the proof of delivery business?
Did you ever get a message from Paypal signed in blood that the US customs number which is now trackable is good proof of delivery for overseas shipment??
/ lets all stop whining !! /
posted on June 13, 2006 11:18:36 AM
YES, we need to know if we can pass on the fees. If that's so, BidPay will do very well for us sellers. If not, I'm not going to allow it. I figure it's about 70-75 cents for a $10 transaction, which I'm pretty sure is more than it would be with PayPal. Correct me if I'm wrong.
WHY would the SURCHARGE rules be any different, just because they call themselves BidPay?
If you are a USA seller, ye ain't allowed to surcharge for use of PayPal...
You MAY offer a DISCOUNT for paying with CASH or MO or CHEQUE...
NON-SURCHARGE RULES apply because they be part of the VISA/MC TOS /plus/ surcharges are illegal in THE STATE WITH THE OCEAN ON THE WRONG SIDE OF THE STREET / and because surcharges VIOLATE EBAY'S TOS...
This new and un-improved version of BidPay ain't BidPay at all...it's more like: PayPal Lite
posted on June 13, 2006 04:27:33 PM
They state on their home page that "BidPay no longer provides Money Orders services." Too bad as they were an easy way to get paid from or pay those in the USA. Looks like I'll have to rely on the current combination: bank transfers, GBuy, and MoneyBookers with the occasional money order thrown in for light relief. I have a USD bank account that offers free ACH payments so I can at least do same day transfers for purchases or send a check if they don't understand ACH or think it's too risky.
posted on June 17, 2006 05:43:08 AM
Well... that's just the dumbest business move I've seen yet! Why on earth would you want to try to break into an already saturated market place... when you already have a niche market established and waiting for your services? They aren't even offering competitive rates. I'll stick with AuctionChex. Bidpay will be gone again in less than a year.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. - Albert Einstein