posted on October 15, 2000 12:12:41 PM new
Well, it is finally happening - got my first bidder email who wants the item but will NOT register his CC. He is in Europe but will wait it out and if doesn't meet reserve will buy it.
However, I will never know how HIGH he would have bit it and this perhaps will squash a good bidding war on items for those who feel like he does.
I'm not thrilled with this development. Not all bidders will be this assertive- they will simply not use Yahoo as much.
Anyone else having this experience?
posted on October 15, 2000 12:29:39 PM new
We all may as well get used to the idea, CC verification is here to stay. With world wide fraud, persons need to learn how to adapt to all verifications. It will not get any better, or easier.
Those who continue to refuse to adapt, to requirements to verify who they are, will eventually not be able to do anything in the global economy.
They can open a separate checking account, get another ATM card, and use that one for CC verifications and phone purchases. Transfer money to it, from your private primary account, to cover purchases, etc.
posted on October 15, 2000 12:41:41 PM new
I agree that the cc rule will not be revoked. I sell nearly 1 thing a day to someone who does not have / does not want to and to tell the truth I think it's a little baffling. I mean, I am very glad to make the sale (and since most everything I put up is 1 bid wins I do not suffer any lost bids) but I just wonder why people who won't / can't register are still shopping Yahoo in the first place.
Then it hit me.
They are shopping Yahoo because they like Yahoo. This is the only thing that makes sense. This tells me is that eventually those with cc's who are resisting today, will offer their card tomorrow, and those w/o a cc will find a work around like CharlieOne suggests.
Long term (and not that long a term) buying and selling on the net gets safer as people are forced to be more responsible. Most people behave in most circumstances, but lights off a some go for the free for all. I am saying, that when your read ID is out there, people are more apt to protect their reputation, complete transactions and so forth.
posted on October 15, 2000 01:10:57 PM new
Yahoo CC verification is and was a bad idea because the system is flawed from the start. That's been analyzed over and over here.
What I have to report is nothing more than a slowdown in sales. Yahoo gave us the option to require CC verification in our individual auctions all along by setting the Minimum bidder threshold. I used a +2 at that time. That meant a buyer had to be CC verified OR have a +2 rating. That worked ok except why didn't they allow me to also ban anybody with negative feedback? That would have been simple but they ignored my request.
Since requiring all to be CC verified, I lost sales, sell directly to those who ask, and my deadbeat count.....remains the same. Still about 10% deadbeats and most of them have a "new" rating.
Who would have predicted this? Answer: Anybody with half a brain.
posted on October 15, 2000 02:47:43 PM new
ioughta
I say you can play the “what if” game till the preverbal cows come home! If I allowed myself to I would be saying, “what if buyers still want to use paypal and not PayDirect?” But so what….I make the decision based on the knowns…paypal started charging after their “fast FREE secure pledge” could have like PayDirect have CC holders deposit money into an account to be used for transactions thus avoiding the need to have these charges, limit manual check withdrawals, required minimum balances, etc, etc all have been discussed about on these boards every since they made THEIR decision. So I must now make mine. I think I did the wise thing, NOT to give them my BANK ACCOUNT NUMBER and start using PayDirect, it’s getting more and more use! Yahoo!
As for your “what if”. Yes indeed this person could have started a bidding frenzy. But as also mentioned on these boards, more times than not, auctions only have ONE bidder. So you are the only judge as to if the price you are selling this item is worth it to go ahead with the off auction sale. You may also get some idea by the number of page hits you’ve had for the item. But don’t be fooled, some people will say they can’t buy and use the CC verification as an excuse to indeed avoid possible outbids! Not that I’m always a “negative” thinker…just a realist! Go with your gut feeling on this and good luck!
And for CharlieOne comments, I’ve seen your suggestion with on this issue here and other seller boards but A WORD OF CAUTION. If anyone goes the route of a SEPARATE BANK account and if you are banking at ONE bank with these so called “separate” accounts, you should check with your bank. Most “tie” your accounts together. So if funds are not available in one, they will take money from a savings account say to meet the draft instead of creating an overdrawn account for their customers. (My previous life was in the banking and credit card industry and probably is also why I have my strong sentiments about paypal changes!)
But I’m FOR the CC verification.
I had so many deadbeats BEFORE, I was beginning to think about giving up on Yahoo! Overall sales are the same so I think it was a GREAT DECISION!
posted on October 17, 2000 06:01:04 PM new
Strictly from a buyers perspective . . . I will not provide a credit card for the sole purpose of identity verification. Some may remember when brick and mortar stores used to ask for a credit card when we wanted to pay by check. Did this ensure that no bad checks were passed? No.
If I were some kid looking to cause a problem, I'd register under my parents name, sneak their cc number, then bid, bid, bid to my foolish hearts content. If I were an adult looking to place nuisance bids, how would "verifying" my identity with a credit card prevent it?
It's a shame really, I actually prefer Yahoo to eBay. If eBay begins such a program, I'll cease bidding there too, and save a bunch of money. After all, I've never actually needed anything I've purchased via on-line auctions.
Again, I provide credit card information for business transactions only, not to identify myself. Am I still living in the 20th century? Maybe. Will I some day "adapt" to be able to participate more fully in the "global economy?" Maybe, but not today, and probably not for some time to come.
Not that I'm not sympathetic to the sellers plight. There's got to be another way . . .
