posted on December 28, 2007 02:13:48 PM new
Effective Date: January 25, 2008
Beginning January 25, 2008 the User Agreement will be amended as follows.
Section 3.2 and 3.3 will read:
“3.2 Default Funding Sources/ Ways to Pay. When you make a payment, PayPal will fund your transaction in this order:
1. Balance
2. Instant Transfer from your bank account
3. PayPal Credit
4. Credit card or debit card
5. eCheck
Note: We always use your Balance first. If you don’t want to use your Balance, you can withdraw it before making a payment. This can't be good
3.3 Preferred Funding Source. "You can choose a Preferred Funding Source each time you make a payment or set up a Recurring Payment. Just click the link on a payment confirmation page and select your Preferred Funding Source. We will use your Balance before your Preferred Funding Source, unless you choose PayPal Credit or eCheck. You may select PayPal Buyer Credit or PayPal Credit Card as your Preferred Funding Source for all your payments. To do so, go to your PayPal Plus Credit Card, eBay MasterCard or Buyer Credit link on the Profile tab and make the change. If you have a Balance at any time prior to a merchant processing your payment, we will use it before your Preferred Funding Source.”
Section 3.10 will read:
“Canceling Recurring Payments. You may cancel a Recurring Payment at any time up to 3 Business Days prior to the date the payment is scheduled to be made. To cancel a Recurring Payment, log in to your Account, access the "My Account" tab, then access the "Profile" tab, then access the "Financial Information" column and click on "Pay List" and follow the instructions to cancel the payment. Please keep in mind that Recurring Payments are sometimes referred to as subscriptions or preapproved payments. In addition, if you cancel a Recurring Payment you may still be liable to the merchant for the payment and be required to pay the merchant through alternative means.”
Section 11.3 will read:
“11.3 Qualification Requirements. In order to qualify for coverage under the Seller Protection Policy, you must meet the following requirements:
You must have a Verified Business or Verified Premier Account at the time of the transaction,
The transaction must be between a US, UK or Canadian buyer and a US, UK or Canadian seller,
The payment must be listed as "Seller Protection Policy Eligible" on the "Transaction Details" page, or cleared by PayPal through Payment Review,
You must accept a single payment from one PayPal Account for the purchase,
You must not charge a surcharge for accepting PayPal,
You must ship the purchased item to the address listed on the "Transaction Details" page,
You must ship the item to the buyer within 7 Days of receiving payment,
You must have trackable online proof of delivery from an approved shipper to the address on the "Transaction Details" page. For transactions involving$250.00 USD or more, you must provide a proof of receipt that was signed or otherwise acknowledged by the buyer and can be viewed online, (If you paid in a currency other than US dollars, the following amounts apply for this section:$325.00 CAD, €200.00 EUR, £150.00 GBP, ¥28,000 JPY, $350.00 AUD, 330.00 CHF, 1,600.00 NOK, 2,000.00 SEK, 1,500.00 DKK, 800.00 PLN, 55,000 HUF, 6,000.00 CZK, $400.00 SGD, $2,000.00 HKD, $380.00 NZD, and
You must respond to PayPal's requests for information within the time period PayPal specifies.
Additional qualification requirement for unauthorized payments:
a. The address on the “Transaction Details” page that you ship to must be a Confirmed Address. This requirement does not apply to Chargebacks due to non-receipt of merchandise.
Please note that in order to qualify for our Seller Protection Policy you must ship the item as required in this section. If you hand deliver an item, or provide delivery in any manner other than required in this section, your transaction will not qualify for the Seller Protection Policy.”
In Section 13.7 a the first sentence will read:
“If a buyer files a Claim asserting receipt of a Significantly Not as Described item, we will generally require the buyer to return the item to the seller at the buyer's expense and to Viewable Online Proof of Delivery . If the item is over $250.00 USD or equivalent, Viewable Online Signature Confirmation must also accompany the Viewable Online Proof of Delivery.”
Section 13.7 f will read:
“If the buyer claims that the item was not received, the seller must be able to prove that the item was delivered to the address listed on the Transaction Details page by providing PayPal with a Viewable Online Proof of Delivery For transactions equal to $250.00 USD (or the equivalent in the currency of the transaction) or more in value, the seller will also need to provide a Viewable Online Signature Confirmation”.
The following new definitions will be added to section 15:“Approved Shipper”, “Transaction Details Page”, “Viewable Online Proof of Delivery” and”Viewable Online Signature Confirmation. The following definitions will be edited: “Chargeback”, “PayPal Credit” and “Reversals”.
posted on December 28, 2007 03:07:37 PM new
Quote:
"Note: We always use your Balance first. If you don’t want to use your Balance, you can withdraw it before making a payment. This can't be good"
huh? it's always been that way. If you don't want to use your balance you always always have to withdraw or transfer that amount that is in your PP account.
posted on December 28, 2007 03:14:24 PM new
I don't understand why this should be a problem either.
If you don't want to use your balance to make a payment, and don't want to withdraw it completely, just send it to yourself and then refund yourself after the transaction is complete and your card has been charged.
posted on December 28, 2007 03:29:46 PM new
. The address on the “Transaction Details” page that you ship to must be a Confirmed Address. This requirement does not apply to Chargebacks due to non-receipt of merchandise.
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can someone explain this??
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Lets all stop whining !
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posted on December 28, 2007 03:38:27 PM new
You can choose a Preferred Funding Source each time you make a payment or set up a Recurring Payment. Just click the link on a payment confirmation page and select your Preferred Funding Source. We will use your Balance before your Preferred Funding Source, unless you choose PayPal Credit or eCheck. You may select PayPal Buyer Credit or PayPal Credit Card as your Preferred Funding Source for all your payments. To do so, go to your PayPal Plus Credit Card, eBay MasterCard or Buyer Credit link on the Profile tab and make the change. If you have a Balance at any time prior to a merchant processing your payment, we will use it before your Preferred Funding Source.”
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I dont have a PAYPAL or Ebay credit card,I have AMEX and bank issued MC/VISA,does it mean if I want to use my credit card instead of bank fund,I would have to do choose every time I make a payment?
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Lets all stop whining !
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posted on December 28, 2007 03:42:29 PM new
One problem that I can see is that we don't seem to have the option to use our credit card anymore..that you have to have your paypal account empty...as well as your bank account. It has been that I could have my Paypal account empty and then have the option of paying through my bank account..or my credit card. I have always felt safer using my credit card. Now, it seems that Paypal is trying to get everyone to use THEIR credit card. Why do I have my credit card on file with them if they are making it more difficult to use it??!!
[ edited by annekila on Dec 28, 2007 03:44 PM ]
posted on December 28, 2007 03:50:54 PM new
If you want to use your non Paypal or Ebay credit card,you have to do this every time you make a payment,it is not automatic.
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Lets all stop whining !
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posted on December 28, 2007 08:55:30 PM newhuh? it's always been that way.
No it hasn't. Not by a long shot. You used to have the option of using your credit card even with a cash balance. You did have to search for it, but it was there. Now they almost make it impossible to use your credit card and you don't have the option to use it without going through the first cazillion options first. No thank you.
posted on December 28, 2007 09:11:24 PM new
Why not set up a separate account for purchases. I have two accounts - one for purchases, with a zero balance. I use that account only for purchases with a credit card. That way my buyers do not know what I am buying, and they do not know that I am competing with them for collections.
posted on December 29, 2007 01:25:47 AM new
The reason Paypal wants you to use your Paypal balance or from payment from your bank account (checking) first is that it makes it much more easy for Paypal to exercise more control over a chargeback (if it occurs) to your account. If you paid for an item through Paypal with AMEX, VISA, etc.. Your bank issuer is in control of the chargeback decision and would be more inclined to tell Paypal to F off. Paypal is just a conduit payment system (not a bank) if the source of funds was drawn from your credit card on behalf of you (the buyer) you will be protected by your credit card issuers policy on non-performance (undelivered goods) damages or not as described..etc... Regardless of Paypals rules addressed to buyers, does not mean your bank is going to abide by them.
posted on December 29, 2007 06:07:37 AM new
Also,Paypal does not have to pay a discount fee to its merchant account provider(s) if it taps into your paypal balance.
I believe Paypal discount fee is very low,due to the high volume of transactions .
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Lets all stop whining !
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"childrens do learn"