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What offers a buyer protection, the credit card or Paypal?(13 posts)

What offers a buyer protection, the credit card or Paypal?Fez
Jan 13, 2004 11:29 AM
I just sold some stuff on Ebay. One buyer didn't want to pay me with cert check or money order. He said he wanted to pay me with his credit card via Paypal because he was afraid I wouldn't send him the merchandise and he said it offered him more protection.

What exactly is he talking about? I plan on sending him the merchandise as promised, but what protection is he talking about and how would it affect me?

1) If he fraudulently disputes with Paypal, then can Paypal reverse his payment and take the funds away from my account?

2) Does the fact that he paid Paypal with a credit card affect me? I don't think so, since I am not a merchant and I am receiving money from Paypal and not the credit card.

Any sellers have problems receiving payments from Paypal?
re: What offers a buyer protection, the credit card or Paypal?ZenJones
Jan 13, 2004 11:32 AM
CC, paypal is crap for protection.

BTW, perhaps one post with all your concerns?
re: What offers a buyer protection, the credit card or Paypal?jtolleson
Jan 13, 2004 11:33 AM
I don't blame him. I don't deal with sellers who require checks or MOs.

Yes, he can lodge a fraud report with PayPal and have the transfer reversed. You can defend yourself by providing the shipping confirmation.
re: What offers a buyer protection, the credit card or Paypal?ZenJones
Jan 13, 2004 11:39 AM
Yes, but ONLY reversed within a VERY limited amount of time... much shorter amount of time than your CC allows for.

Check out PP's terms at their site... some interesting fine print in there.
don't blame him?Fez
Jan 13, 2004 12:15 PM
In the early days (before Ebay acquired Paypal), checks and MOs were the norm.

Initially I posted auctions requiring checks or MOs. Later I signed up for Paypal to receive payments, since I had a lot of folks overseas who were bidding (despite my auction saying U.S. addresses only).

As a seller, I get charged like 2 or 3 percent when people pay me with Paypal. In contrast, I net 100% with a cert check or MO.

And Paypal makes it hard to get your money unless you give them your bank acct or credit card acct info. If you want a paper check, I believe there is an additional charge. With all the identity theft and security concerns, I'm a little reluctant to give Paypal that info.
Since when did this forum become the "Ebay discussion"? nmmsmootsiemartin
Jan 13, 2004 11:53 AM
2nd that..but to your question-Paypal absolutely blowsblackhat
Jan 13, 2004 1:39 PM
in terms of protection on either end. even if you adhere to their guidelines its entirely too possible to get screwed. I stopped using them entirely after the 2nd such incident . they absolutely suck for a multitude of reasons. use a cc and you have a bank that will represent you or do your bidding to some degree if you dont get your merchandise. use "pre existing funds" your left to your own devices. escrow is the best way on any purchase greater than 250. Ive used once to sell a laptop when I upgraded, went off without a hitch.
no kidding...take it to non-cycling (nm)ColnagoFE
Jan 13, 2004 2:07 PM
PAYPAL - PAYPAL - PAYPALcollectorvelo
Jan 13, 2004 12:02 PM
Jan 13, 2004 6:11 PM
Never again!
not had any this thoughsievers11
Jan 13, 2004 2:14 PM
I like Pay Pal...makes everything go really fast...although you get stuck with 3% transaction charge.

I had a friend that got some stuff on ebay and used pay pal to purchase.

The seller defrauded on the product...didn't send ran with the money.

My friend called up his Credit Card company and canceled the payment to pay pal. Pay pal said, "hey you can't do that we have a contact you agreed to" My friend said they can talk to his credit card company if they wanted but they would be wasting their time because they (pay pal) helped to facilitate a fraudulant transaction with Visa and thus Visa put their foot down.
Read what happened to Francis MTBr founder... Scary StuffChicago_Steve
Jan 14, 2004 6:34 AM
Francis got hacked by a worm...

I've done about +40 Paypal transactions with no issues; however, this post has really made me think about becoming Paypal "Verified".

Also while agree that the General forum is not an eBay forum it can't be denied that eBay/Paypal is used by a lot of us to get the dream bike we desire. Perhaps the thread belongs over in the Non-Cycling discussions but it probably wouldn't get much traffic due to the upcoming elections!
I wondered about "verified" myselfFez
Jan 14, 2004 6:56 AM
but i figure the less info linked to paypal the better.

However, it is a pain having limits to access your money without providing bank acct or credit card acct info.