Don't use "BidPay"!!!!

[Glen Goodwin]

Joe, I knew you were going to put in your 2 cents worth
on this subject sooner or later . . . ;-)

 > Months later E-bay pulled $800 from
 > the seller's account for the transaction with no explaination.

Solution: don't keep funds in your PayPal account.

As a seller, I do a few dozen PayPal transaction each
month, mostly to buyers outside the USA.  In fact, when
I get a large (over $200) order from my web site from
a first-time non-USA buyer who wants to use a credit card,
I will usually insist that they use PayPal instead (since I
have near-zero recourse if the buyer uses a hot credit
card).

At the end of the day, I transfer all of my PayPal
receipts to my bank account, so PayPal can never
"seize" my funds.

I've never had any problems with PayPal, (except that
their site is God-awful slow and their "send invoice"
procedure is clunky and time-consuming) and the
fees they charge are about the same as what I pay
my merchant processing company for charge card
transactions (about 3 percent).

Just *my* two cents worth ;-)

Glen
0/0

Joe R. wrote:
> At 09:23 AM 9/21/05 -0500, Gil wrote:
> 
>>I used BidPay once for an international order. It was a big pain, IIRC. 
>>
>>I have never sold, so have no personal observation there, but if you Google
>>about it you find all kinds of horror stories about PayPal 
> 
> 
>   Here are a couple.  I strongly suggest that anyone that buys or sells
> over the net read them.
> 
>   <http://www.paypalwarning.com/>
> <http://www.theregister.co.uk/2003/07/02/anyone_ever_managed_to_claim/>
> 
> locking an
> 
>>account retroactively and freezing all the funds for 6 months because of a
>>single buyer complaint. 
> 
> 
>   I've got news for you, they will freeze payments even with NO complaints!
> A friend of mine's brother sold a laptop on E-bay for $800. He recieved
> payment via PP and shipped the laptop. The buyer confirmed that he recieved
> it and that he was satisfied with it. Months later E-bay pulled $800 from
> the seller's account for the transaction with no explaination. The seller
> checked with the buyer and the buyer was still satisfied with the
> transaction and said that he hadn't made any complaint to PP. He even wrote
> a letter to that affect to both PP and the seller but PP still refuses to
> return the sellers money or give any explaination of my they pulled it. The
> last time that I talked to my friend it had been going on for 8 months with
> no end in sight.
> 
>    A word to the wise; PP is not a bank and is therefore not regulated.
> They can do anything they want and you have NO recourse.
> 
>    I frequently sell stuff on E-bay and I have a LOT of people that want me
> to take PP but I absolutely refuse to!!!! I've used BidPay as a seller and
> had no problems with it.
> 
> 
>>Seemed pretty heavy handed. They deal from a
>>position of strength. You have to agree to their contract or not use their
>>service. 
> 
> 
> 
>>These might all stem from before they were bought by eBay.
> 
> 
>   Do you REALLY expect them to be any better after the Ebay take over?
> E-bay has a long history of high handness and raising rates simply because
> they can. Ebay is a PRIVATE company and is answerable to no one so don't
> expect fairness from them.
> 
>    Joe
> 
> 
>