traceyg
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posted on November 8, 2000 07:24:19 AM new
Last night I got a notice from paydirect that I had money to go accept it. I wasn't able to get in, but assumed it was there. Wrote the guy told him his package was on the way. Only to find out today there is not money to accept in my Paydirect account. I found some help forum that I wrote them. I don't expect them to be to fast. Has this happened to anyone else? What would you do? Is there a phone number?(hey one can dream. My cat still thinks she will win the presidential race)
Thanks ahead of time
Tracey
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jwoodcrafts
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posted on November 8, 2000 07:32:54 AM new
At this point your cat may win! LOL
Anyway, I have not had your problem but the problem I am having is getting money at all from PayDirect.
I transfered an amount out of my account to my bank account on Oct. 26th and it still has not made it to my bank account. NOW, I am a patient person, but 13 days is far to long. It makes me wonder if I will ever get the money.
This is not the first time this has happened and to be honest I am about fed up PayDirect. It just simply should not take that long to do a transfer.
JMO
"Don't go around saying the world owes you a living. The world owes you nothing. It was here first."---Mark Twain
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traceyg
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posted on November 8, 2000 07:58:24 AM new
Jwoodcrafts You could be right about my cat. Isn't this election just wild . . . maybe the same people that were in control of the Florida Votes are working for Yahoo paydirect ; ).
Paydirect does seem to be taking a longer time to send out payments. I never had to wait 13 days in fact when they first started it only took 2-3 days if that. Now it seems anywhere from 8-11 days which is quite a while in todays world. I will never use Paynotpal again, but I am thinking of scrapping on line pay services all together.
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dman3
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posted on November 8, 2000 09:18:36 AM new
These credit card service like pay direct that are free make there money from you in float I think yahoo has the right Idea and will remain free I see many people saying yahoo is takeing from 10 to 15 days to tranfer money,
They are garenteed money from float this way if we get paid and they transfer your money in a day or two they end up in the same shape paypal found its self in loseing money on every transaction.
Heck yahoo just charge my credit card for featureing I did 6 months ago.
in any case when people ask me about online auctions and what it takes to get involed in selling I always tell them make sure they set up a separate checking account for sale and fund it with enough money to cover all your fees and shipping and other expences for at least 30 days.
even if you Accept credit card payments for sales it can take up to 30 days before its cash in your account.
Second advice is to make sure your checking comes with a visa or mastercard debit card so you can use this for paying postage at the post office and to pay monthly billing for sales to avoid the high interest charged by credit card companys also this method keep your sales separate from House hold money less chance of putting the hand in the wrong pocket and hurting yourself.
next word of advice is never ever make any decision about your auction sales or business that will put you out of business if it fails like investing in so much inventory or listing so many item that the ammount brings your auction checking balance under that 30 day Cushion you started with.
my plan goes on the Idea that if your auction account falls 20% under this 30 day Cushion your out of business since I dont believe no one is willing to put there homes cars and personel credit rateing on the line for these online auctions.
From some of the threads I been reading here yahoo is takeing longer to tranfer money for your free transaction in my mind this is smart business and garentees them income and allows them to make there costs and keep the service free .
WWW.dman-n-company.com
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jwoodcrafts
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posted on November 8, 2000 10:18:35 AM new
You may right about the float thing dman, I just want to know that the money is on its way and not lost somewhere in cyberspace!
"Don't go around saying the world owes you a living. The world owes you nothing. It was here first."---Mark Twain
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yisgood
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posted on November 8, 2000 12:46:54 PM new
Why does everyone keep repeating this float nonsense? This is a lie that Paypal made up in order to hide the fact that they would charge us once we suckered enough people into joining them. Once again, here is the math:
it costs these services (Paydirect, Paypal, etc) about 2% to process the transaction. This does NOT include the cost of employees, computers, phones, fraud prevention, etc.
So if you process a $100 charge through Paydirect, it costs paydirect at least $2 to process it. Then the money sits in their account for 10 days before you take it out. So they paid $2 to hold your money for 10 days. They paid 73% interest on this money.
365 / 10 = 36.5
36.5 X 2% = 73%
There are a lot of cheaper ways to borrow money.
Now suppose Paydirect invests this money at 25%. In the same 10 days they will have made 68 cents. After paying $2, they will have a LOSS of $1.32.
25% / 36.5 = .684
This nonsense that paydirect is holding your money for an extra 5 days so they can make an extra 34 cents is just silly.
http://www.ygoodman.com
[email protected]
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traceyg
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posted on November 8, 2000 12:57:03 PM new
I think you guys are a little off the original topic. All what you says is good and fine but doesn't help me beans if I may be frank.
Anyway, paydirect just sent me a letter saying "We are not showing a record of the transaction. Please have your sender
perform the action: send money in order to send you the funds." Now they sent out the letter to me telling me to come accept the funds all the headers follow that is was sent from Paydirect not a fraud e-mail ( I know headers can be made up but there re still certain clues). I noted that to them in the next e-mail I sent them.
I also noted I have a great deal of computer experience. Anyway, soon after I sent the second letter I got another letter about payment from paydirect on another person that bid in my auctions at yahoo and won. Same thing nothing showing in the account. I even cleaned out my cache etc. . . to make sure the screen was new one and not an old one.
I have forwarded the e-mail I got from Paydiret to the winning bidder, but it still looks bad for Paydirect and for me even if I have no control over it. So again I ask the question What would you do? has THIS happened to anyone esle? Is this the start of a new trend? Is there a phone number for Paydirect that any one knows?
PS BTW Yahoo is making more money off the BIG businesses that they set up paydirect for then they ever will off the little bit of float the make off of the auctions. Paydirect was set up for the big businesses on the shopping channels, like Kodak,Eddie Bauer, Barnes and Noble, Old Navy Etc. . . The money they make off the small float they have on the auctions is just a little bit of sugar to them that is all. Yahoo Paydirect is just slow. That is okay with me as long as they get the money however humble it be compared to their empire into my account. Which is not happening at this point.
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auctionee
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posted on November 8, 2000 01:07:32 PM new
The phone # is (408) 731-3335...8AM - 6PM Pacific Time...7 days a week.
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jwoodcrafts
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posted on November 8, 2000 01:43:34 PM new
I think it is way off topic! Sorry, I sure didn't mean to start a cent for cent account of the float. Not my intention at all.
I just wondered why it is slowwwwwwww.
I'll go cook dinner or something now.
Sorry.
"Don't go around saying the world owes you a living. The world owes you nothing. It was here first."---Mark Twain
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VeryModern
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posted on November 8, 2000 01:57:24 PM new
tracyg - are you sure your buyer sent to the correct email? Look at the notice Yahoo sent to confirm the email is exactly correct. Could your buyer have canceled before you accepted?
jwoodcrafts - the first transfer is s-l-o-w slow but subsequent transfers are faster slow. Yahoo sends the two little deposits to confirm your acct. and my experience is you will see those first. At that point at least you know that you have not entered a number incorrectly.
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traceyg
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posted on November 8, 2000 05:52:07 PM new
Thanks for listing the phone number I couldn't find it anywhere I have 355 auctions ending this weekend on Ebay not to mention the 250 some I have listed on Yahoo so, I want to try to nip this in the butt before the weekend or get rid of the paydirect logo. I don't have time to chase after payments.
are you sure your buyer sent to the correct email? Look at the notice Yahoo sent to confirm the email is exactly correct. Could your buyer have canceled before you accepted? >>
I didn't think about that but yes he did send it to the correct address. If he would have canceled I would have gotten a notice from Yahoo or it would have shown up in my account and then I would have seen the canceled notice. From what I can gather so far from the buyers. Two different people that sent money to me this happened to it seems they got e-mails and I got e-mails, but nothing is showing up on my account as it being there. It has to be a Yahoo paydirect glitch I would think. I haven't heard back from Yahoo paydirect yet. I am not sure I will they seem to answer any questions in 35-45% of the time. I was surprised when I got the first e-mail from them.
That is the only thing I don't like about Yahoo. If you need help it seems to me at least very hard to get.
Thanks for the tips and phone number
Tracey
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VeryModern
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posted on November 8, 2000 06:09:03 PM new
Give them a call tracyg - I just had a problem and they answered in less than 2 minutes and took car of it.
Good luck!
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granee
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posted on November 8, 2000 10:54:08 PM new
I just had two PayDirect money transfers make it to my X.com account in two days. Maybe it depends upon the bank you're transferring the money into, and whether that bank is also doing online transactions????
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jwpc
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posted on November 9, 2000 05:51:55 AM new
Regarding disappearing funds in PayDirect that haven't been accepted.
I have left funds unaccepted for days, some even weeks with no problem.
WHY you are asking do I not accept - because if the shipping portion is missing I don't accept payment at all till all funds are in - and I have had endless problems with the shipping portion of PayDirect.
Personally I don't like the system, but use it to pick up the few buyers we have that use it. Along the same lines is BillPoint on eBay, after having subscribed to it 6 or 8 months ago I just had my 2nd customer use it!
99% of our people who use such services use PayPal and I am very glad, none of that ridiculous invoice sending.
Just my personal opinion....
Paul Truth
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gem10a1
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posted on November 9, 2000 07:36:11 AM new
jwpc
You do not have to use Yahoo PayDirect's
invoice sending. Just use email to notify winner. Thats what I do. There invoice was set up like a Bad Ballot !! 
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heygrape
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posted on November 9, 2000 09:30:50 AM new
Got a PayDirect email this morning that a payment had been made to me. I went in to accept and it was there.
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VeryModern
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posted on November 9, 2000 09:38:32 AM new
lol grapey
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ioughta
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posted on November 9, 2000 10:15:50 PM new
Funny thing--- I resisted using Paydirect but since Paypal was getting so unfriendly-- I dumped them. I was getting NO HITS and NO bids UNTIL I listed the Paydirect logo...now, I ask you--- this is not a coincidence, for it has been bleak since the end of Sept. Within HOURS-- of loading PD my hits DOUBLED.... You can use your imagination what I was thinking~~~
I had much earlier applied for my feature points from ebay and so far have gotten nothing! I still decided to do the Paydirect thing and not sure I like what I'm hearing here...sloooow. BUT- if I am getting on the top of the list ONLY because I use PD-- not sure it doesn't raise some questions......
However my question is - exactly HOW does the bidder pay for the item. Do they just click on MY auction up comes a form AFTER my confirmationand it goes straight to PD? OR, do they activate it AFTER yahoo's announcement that they won?
Since I've never used it - it's sorta like braille - not seeing anyone's paperwork. WE just have to hope each person does what they are supposed to do.
I'll be out of commission for a few days-- but soon as I'm able, will check back for responses. Thanksabunch for any ideas, comments etc.
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ioughta
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posted on November 9, 2000 10:16:10 PM new
Funny thing--- I resisted using Paydirect but since Paypal was getting so unfriendly-- I dumped them. I was getting NO HITS and NO bids UNTIL I listed the Paydirect logo...now, I ask you--- this is not a coincidence, for it has been bleak since the end of Sept. Within HOURS-- of loading PD my hits DOUBLED.... You can use your imagination what I was thinking~~~
I had much earlier applied for my feature points from ebay and so far have gotten nothing! I still decided to do the Paydirect thing and not sure I like what I'm hearing here...sloooow. BUT- if I am getting on the top of the list ONLY because I use PD-- not sure it doesn't raise some questions......
However my question is - exactly HOW does the bidder pay for the item. Do they just click on MY auction up comes a form AFTER my confirmationand it goes straight to PD? OR, do they activate it AFTER yahoo's announcement that they won?
Since I've never used it - it's sorta like braille - not seeing anyone's paperwork. WE just have to hope each person does what they are supposed to do.
I'll be out of commission for a few days-- but soon as I'm able, will check back for responses. Thanksabunch for any ideas, comments etc.
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ioughta
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posted on November 9, 2000 10:23:54 PM new
Excuse the double post-- the page wouldn't load - got an error msg - no data-- clicked again --grrr 
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CAgrrl
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posted on November 10, 2000 01:56:05 PM new
just thought I'd add my 2¢- off topic and all.  I have my PayDirect payments credited to my credit card, and it is FAST- usually within 2 days, but if I'm not mistaken, I have had it happen within 24 hours on some occasions. Those of you who have credit cards that are paid off in full would be at a real advantage to just have your credit card credited. You'd get your money faster, and when you spend it, you'd be spending a credit, so you wouldn't be charged interest.
On topic- sorry Tracey I haven't been paid by PayDirect at all this week, so I haven't had the problem.
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auctionee
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posted on November 10, 2000 11:28:19 PM new
Ioughta -
Paying through PayDirect is very similar to paying through PayPal. They can either go directly to PayDirect to send payment, just like they did through PayPal. PayDirect also has a banner now that you can put in your auctions that bidders can click on to take them to the PayDirect site. You can also send them an invoice at the close of the auction, like you could send a request with PayPal. When your Yahoo auctions close with a winner, there is a link next to the leave feedback link that you can use to send the invoice....and the only information you have to enter is the shipping cost.
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