Don't use "BidPay"!!!!

[Joe R.]

At 07:01 PM 9/21/05 -0400, Glen wrote:
>Joe, I knew you were going to put in your 2 cents worth
>on this subject sooner or later . . . ;-)

  Yeah, you know what I think of PP!

>
> > 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.

  First, having to transfer funds out of your account every night is a
PITA! Especially for someone that only uses PP occasionally. Second, how do
you stop them from taking the funds out of a future payment?  What are you
going do if they do take the funds from a future payment, refuse to ship
the merchandise to that buyer? For me it's a lot easier to refuse to take
PP and insist on a money order, check or cash.

     Joe


>
>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
>> 
>> 
>> 
>
>