Using Pay Pal

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oldredford

Senior Member
Not related to Model A unless you do a lot of selling with Ebay. Pay Pal sucks!
I will never use that money transfer system again. Pay Pal = Rip Off.

The holding of the funds in this legit transaction for 1 month is unacceptable. Pay Pal can e-verify both parties. Nope, nothing doing. There is one Model A vendor that refuses Pay Pal payment. I am not a vendor but this is the last time for me.

Update....Pay Pal transferred the funds into my bank account. Not the 1 month as Pay Pal first said. Lesson learned.
 
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I have had good luck buying things from a seller here using PP. He warned me about making sure to identify the transfer as a "gift" - which avoids the PP overhead - otherwise he would have to charge an additional percentage (what is it now?) to cover the PP charge for him.

Of course gifts don't carry the PP "protections" - so you kind of have to trust your seller.

I know Barnstuff for over 40 years - so I don't worry about him.

Joe K
 
Pay Pal maybe expeditious to some but listen to this. I sold over 1k on ebay and was paid by the buyer thru pay pal. Pay pal is holding onto this money in their account for 1 month to make sure everything is on the square. This is an interest free loan to pay pal. They are making a killing on this. Sucks and I won't use pay pal no more....Plus the FEES. Pay Pal = Rip Off. IMO
 
Pay Pal maybe expeditious to some but listen to this. I sold over 1k on ebay and was paid by the buyer thru pay pal. Pay pal is holding onto this money in their account for 1 month to make sure everything is on the square. This is an interest free loan to pay pal. They are making a killing on this. Sucks and I won't use pay pal no more....Plus the FEES. Pay Pal = Rip Off. IMO

ditto! why I dont accept ppl ever...........................!

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im much less angry about their interest they get on their holding and more on the percentage of my sale they gobble up.
 
I will not waste my time or yours telling everyone my problems with PayPal. Don't use.
 
I have had good luck paying people and getting paid via PayPal for parts I buy and sell on my own - not eBay purchases. If you use the "Send to friends and family in the US" payment option with money to or from a bank account, it is totally free to both the seller and buyer. If you use a credit card as the source of the funds, PayPal charges a fee (about 3+%) to cover the credit card companies fees. This form of payment is safe and very fast. I can't see any down side in using PayPal for small to medium payments for items, as it is free.
Rusty Nelson
 
yes Rusty- free wo insurance

you better know who you are dealing with-because you are NOT covered if they rip you off.
 
Paypal is a tool. There is a fee for using it just as in using a CC. On EBAY I have had two purchases with out the item being sent, Paypal returned my money. As a buyer I like the fact that I do not have to give a CC #. It seems every few months one of my cards gets hacked and I have to go through the process of cancelling and getting a new one, and placing a fraud claim. Many of the people on the barn just have me send a check which is great. When I use Paypal for an off ebay purchase I add 3% to cover the fees. They are in the business of making money and to me are a convenience.
 
I wonder how long the "Friends and Family" option will be available. PP is greedy and this is another source of $$ they could tap. Maybe a flat fee rather than %. Time will tell.
 
I love Paypal... I operate a small mail order business and sell antique motorcycle parts...some of which are quite expensive...so getting an $800 bad check could really hurt... I figure that using any sort of credit card will cost me at least 3% so if I use Paypal and pay 3.5 or 4% it is just the cost of business...I pay it out of my profit ...it is instant and very trustworthy... I really could care less what they use the money for..that is just business...good for them.. Over the years I have probably sold $30k using Paypal and never had a problem...now checks are a different story..
 
The times I have used "gift" and "F&F", the recipient gets the full amount but I got charged a fee. Somebody tells me where somebody doesn't pay "something"!!
 
I also NEVER use Friends and Family....It is not honest...and it is a lie...no matter what, it is still a lie...and for 3 or 4% I won't be a part of it... not thrilled with folks that do that either...it is just wrong to lie. Little ones make big ones.
 
Joel,
When someone want to pay me for parts I sell with a check as payment, after I receive the check for the parts I am selling, I wait until it clears the federal reserve (maybe 5 days) before sending the part to the buyer. I tell the buyer if he want to send me a check for payment instead of using PayPal, I will hold the part(s) until the check clears. I normally sell parts that are much less than $200, so it is not like the $800 check you mentioned if the check bounces. So far this has worked very well for me, but there is always a chance of a scam.

BTW, PayPal DOESN'T charge 3 or 4% for friend and family if a bank account is used. It charges nothing, as I have done many F&F payments and received many payment using F&F.
Rusty Nelson
 
Oldbluoval said:
The times I have used "gift" and "F&F", the recipient gets the full amount but I got charged a fee. Somebody tells me where somebody doesn't pay "something"!!
Click to expand...

Bill, what happened in your scenario is PayPal used your CC instead of debiting out of a bank account to pay the person. If the money is debited straight from a bank account and sent as a F&F transaction, then there is not a fee to the sender or the recipient. I too made that mistake a time or two.


PayPal is great if you understand what it protects you from. There is generally a 'premium' added for anything in life that creates a convenience. PayPal is very clear on how they operate and what their policies are, ...and it is plainly written in their terms & agreement section. Folks generally are supposed to check they have read the Terms & Agreements before they can proceed with an account, so is there really any valid reason to complain about how they operate? If someone does not want their money *******, then there are other ways to transfer funds.

Something to always remember is FRAUD is rampant everywhere. I would venture a guess the reason why PayPal has their "hold on releasing funds" policy is because in the past they have likely been burned where they are unwilling to take a chance any longer.
 
Brent you hit it in the head....thanks... Paypal is in business to make money...just like any bank does... no different... I always download my account to my bank once loot is over a thousand... I don't like to have too much money hanging out there... not sure my bank is any more trustworthy ....but at least it is not online.
 
CC take roughly 6% of the sale from the seller. the seller buries the fee in the price. if you get a smart manager you can offer to pay cash for a 3% discount or put it once the card, and the manager will take the cash. PayPal is similar but the seller can't bury the fee. is 3% to much to pay to not be defrauded, run the auction, have national (International?) advertising, etc. Etc.?
 
I have used PayPal for many years, buying collectibles from all over the world. Prior to PayPal, I had to go to the bank and get a draft, then mail it.....a serious, time consuming hassle. I have never had a single issue using PayPal, but like anything, you also need to know who you are dealing with.
 
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