chrisdotson.com— Think PayPal will cover you if you get scammed on eBay? Think again! Most people, myself included, haven't read the fine print. Basic coverage gets you $175 if PayPal settles in your favor.
Feb 13, 2006View in Crawl 4
"this seller never did not fight"Anyone else notice the bad grammar and ter4rible sentences that plaqued this article, jesus.I cannot believe after all these comments I'm, the only one who noticed ; did anyone else READ the article?
I was once almost lost $2500 selling a Powerbook on eBay using Paypal. I made the dumb mistake shipping out of the country. Even though I was cautious I almost got screwed. I received my payment through paypal and had already transferred the money to my bank account. I had waited more than a week and half before shipping. I thought I was in the clear, the transfer was done and cleared. 2 days later I check my paypal account and I had a negative -$2700 balance, meaning that I now owed paypal since they were issued a chargeback by the owner's credit card company. After that the only thing I was able to do was call fedex and stop the shipment. Thank god I was able to stop shipment and have it sent back. In the end I lost $300 in shipping charges and paypal still charged me the fees for no providing any protection. Furthermore if paypal does not offer any protection past $175 it should be illegal for them to charge you more fees for higher dollar items.
they push you to use a bank account.. Thats ok for your seller account but as a buyer use a credit card from a major CC bank (Chase/MBNA) as they often have good protection against fraud, and the resources to go after the guys who sold you the xbox box.
Paypal sucks monkey's balls... they agreed in my favour over a dispute, but did nothing about recovering the money... then closed the case.. WTF is the point? If I ever catch up with the guy who scammed me over $20 i swear I'll beat it out if him with that friggn monkey!
Dugg, not because I have had bad experiences with Paypal, but because I hope to continue usingservices like it... and as Ebay/PayPal continue to expand to overseas markets, they are going tohave to improve thier commerce model to answer complaints like above.
how come ebay can't be like all the other big sellers using credit cards ? (such as amazon). They own paypal, so I dont see the problem using it on ebay. Maybe they know that fraud on ebay is a likely risk. basically with their waivers they are admitting they won't give you the protection you have on other websites.they dont want you to use CCs cos it cuts into their profits. Using a bank account to pay unknown sellers is like letting a stranger hold your money while they go and get the product. Will they come back ? :O Possibly ebays CC waiver has the same affect too.I heard they may be bringing out their own CC. the basic problem is they know how likely fraud will occur on ebay.
some of you guys said always buy with a credit card but they are getting tougher too. I have been using ebay to sell my oldies but goodies for years but it's not so much fun to buy anymore. paypal isn't helping because one time when this guy sold me this crappy keyboard that he said was almost new i had to go through this whole bogus claims process and I think I even paid a fee to dispute it or something but that was years and don't know if that's still how they do it. anyhow i was burned recently when i bought some tickets and I am still pissed about it. you can't buy anything on craigslist and be safe either. i came across this other digg that's pretty cool though not sure if it's for real but it sounds like it turned out pretty well. wish I was this guy and not tyhe hoser who got the crappy keyboard and tickets that never arrived! HA AH AH<a class="user" href="http://digg.com/deals/Buying_Safely_on_eBay">http://digg.com/deals/Buying_Safely_on_eBay</a>worth a quick zip. heh h he l8r gusy
That's unfortunate, but you should know that no online payment method can be completely foolproof. Paypal may have its problems once in a while, but it's still safer compared to most other payment methods. If you agree to pay someone through something else, like e-gold or wire transfer, you have an even smaller chance of getting anything back. Generally, online payments are not meant to be that large.
"Unfortunately, we were unable to resolve this claim in your favor because the item purchased was virtual or intangible. As a result, we have not taken any action against the seller at this time but we have noted your dissatisfaction in the seller's record for future reference." ... buyer beware, an email reply from Paypal.
Paypal = protection ? - is that what their add says We can sit here and argue this all day but here is the truthPaypal is not a BankThey abide by 0 federal banking lawsThey give you account that are not bank accounts All you need a working email addressif you are serious about your business, get a real bank accounthere A real Bank Abides by every federal banking and trade commission laws . to get it1- legitimate business2- back ground checks3 - SS checks4 - A legal entity with local state and the FedsAnd I don’t even want to get into the merchant side of itreal BANKS abide by the great FDIC standards of this country which is my country I will trust them before I trust a bunch of corp. ebay execs that have one thing in mind and that to make money regardless of what that means and who they have to hose to do so.Go ahead and read through your Paypal TOS, I did.. My lawyer did as a courtesy and so did my business banker for 15 years And they all came up with the same conclusion.Paypal is not a bank. They operate like one and try to come off as one by giving you accounts ect but they are not one, period!My friends, your credit/debit cards, your bank checking/savings accounts, your mortgage payment, car payment, your pay checks, your every thing financial revolves around certain guidelines and practices, checks and balances that govern them and this country. Sign up with paypal, you waive ALL of these rightsSo Paypal = protection Ah no - I don’t think so Go read through your paypal TOSReal people and real businesses have banks account.Every one and their mother who has an email address have paypal accountswho would you trust more
right on dude.. right on... paypal is awesome at appealing to the masses of idiots that think they should be spoon feed all their life."Oh Im gonna sign up with them because then i will have nothing o worry about.. no need to read their TOS. Paypal says I'm safe so I am safe"RetardsUse real banks, period
Paypal is a predatory company, bad business for almost everybody but them. If you do or have something on your website they don't like you can say good bye to your money for at least 6 months. Reason? Paypal feels that you are a "High risk" merchant so they think that there could be a charge back on some of the credit card payments. Consequences? They freeze your entire balance for six months regardless of your account history, even if you never in 3 years doing business with paypal have had a charge back they will get YOUR money in THEIR bank running interest for THEM. After 6 months they may or may not return your money, it will depend on how many new excuses they come up with. Of course they wait until you have a few Ks on the account to "discover" the offensive material on your web, Paypal never had a problem when there was only a few hundreds balance, now they've got near to 5k, I had to take a loan just to pay my suppliers and a couple of employees.I've just fired them and contact a law firm specialized in class actions, if somebody has a problem like mine you may want to contact Kevin at Glancy Binkow & Goldberg 310-201-9150 <a class="user" href="http://www.glancylaw.com/" rel="nofollow">http://www.glancylaw.com/</a>or email to his yahoo address kevinruf@yahoo.comGo with google, they seem to be honest, the user agreement is way better than paypal, I'll tell you... Never gonna skip the reading those things again
Closed AccountFeb 14, 2006
"this seller never did not fight"Anyone else notice the bad grammar and ter4rible sentences that plaqued this article, jesus.I cannot believe after all these comments I'm, the only one who noticed ; did anyone else READ the article?
thehansFeb 14, 2006
I was once almost lost $2500 selling a Powerbook on eBay using Paypal. I made the dumb mistake shipping out of the country. Even though I was cautious I almost got screwed. I received my payment through paypal and had already transferred the money to my bank account. I had waited more than a week and half before shipping. I thought I was in the clear, the transfer was done and cleared. 2 days later I check my paypal account and I had a negative -$2700 balance, meaning that I now owed paypal since they were issued a chargeback by the owner's credit card company. After that the only thing I was able to do was call fedex and stop the shipment. Thank god I was able to stop shipment and have it sent back. In the end I lost $300 in shipping charges and paypal still charged me the fees for no providing any protection. Furthermore if paypal does not offer any protection past $175 it should be illegal for them to charge you more fees for higher dollar items.
jholdawayFeb 14, 2006
they push you to use a bank account.. Thats ok for your seller account but as a buyer use a credit card from a major CC bank (Chase/MBNA) as they often have good protection against fraud, and the resources to go after the guys who sold you the xbox box.
snooFeb 15, 2006
Paypal sucks monkey's balls... they agreed in my favour over a dispute, but did nothing about recovering the money... then closed the case.. WTF is the point? If I ever catch up with the guy who scammed me over $20 i swear I'll beat it out if him with that friggn monkey!
cquinndFeb 15, 2006
Dugg, not because I have had bad experiences with Paypal, but because I hope to continue usingservices like it... and as Ebay/PayPal continue to expand to overseas markets, they are going tohave to improve thier commerce model to answer complaints like above.
miaowFeb 15, 2006
how come ebay can't be like all the other big sellers using credit cards ? (such as amazon). They own paypal, so I dont see the problem using it on ebay. Maybe they know that fraud on ebay is a likely risk. basically with their waivers they are admitting they won't give you the protection you have on other websites.they dont want you to use CCs cos it cuts into their profits. Using a bank account to pay unknown sellers is like letting a stranger hold your money while they go and get the product. Will they come back ? :O Possibly ebays CC waiver has the same affect too.I heard they may be bringing out their own CC. the basic problem is they know how likely fraud will occur on ebay.
jdsbostonFeb 16, 2006
some of you guys said always buy with a credit card but they are getting tougher too. I have been using ebay to sell my oldies but goodies for years but it's not so much fun to buy anymore. paypal isn't helping because one time when this guy sold me this crappy keyboard that he said was almost new i had to go through this whole bogus claims process and I think I even paid a fee to dispute it or something but that was years and don't know if that's still how they do it. anyhow i was burned recently when i bought some tickets and I am still pissed about it. you can't buy anything on craigslist and be safe either. i came across this other digg that's pretty cool though not sure if it's for real but it sounds like it turned out pretty well. wish I was this guy and not tyhe hoser who got the crappy keyboard and tickets that never arrived! HA AH AH<a class="user" href="http://digg.com/deals/Buying_Safely_on_eBay">http://digg.com/deals/Buying_Safely_on_eBay</a>worth a quick zip. heh h he l8r gusy
frakattackJul 10, 2006
Almost as bad as your spelling and punctuation.
clairechiangFeb 25, 2007
That's unfortunate, but you should know that no online payment method can be completely foolproof. Paypal may have its problems once in a while, but it's still safer compared to most other payment methods. If you agree to pay someone through something else, like e-gold or wire transfer, you have an even smaller chance of getting anything back. Generally, online payments are not meant to be that large.
avangionqJul 29, 2008
"Unfortunately, we were unable to resolve this claim in your favor because the item purchased was virtual or intangible. As a result, we have not taken any action against the seller at this time but we have noted your dissatisfaction in the seller's record for future reference." ... buyer beware, an email reply from Paypal.
dadevelDec 17, 2008
Paypal = protection ? - is that what their add says We can sit here and argue this all day but here is the truthPaypal is not a BankThey abide by 0 federal banking lawsThey give you account that are not bank accounts All you need a working email addressif you are serious about your business, get a real bank accounthere A real Bank Abides by every federal banking and trade commission laws . to get it1- legitimate business2- back ground checks3 - SS checks4 - A legal entity with local state and the FedsAnd I don’t even want to get into the merchant side of itreal BANKS abide by the great FDIC standards of this country which is my country I will trust them before I trust a bunch of corp. ebay execs that have one thing in mind and that to make money regardless of what that means and who they have to hose to do so.Go ahead and read through your Paypal TOS, I did.. My lawyer did as a courtesy and so did my business banker for 15 years And they all came up with the same conclusion.Paypal is not a bank. They operate like one and try to come off as one by giving you accounts ect but they are not one, period!My friends, your credit/debit cards, your bank checking/savings accounts, your mortgage payment, car payment, your pay checks, your every thing financial revolves around certain guidelines and practices, checks and balances that govern them and this country. Sign up with paypal, you waive ALL of these rightsSo Paypal = protection Ah no - I don’t think so Go read through your paypal TOSReal people and real businesses have banks account.Every one and their mother who has an email address have paypal accountswho would you trust more
dadevelDec 17, 2008
right on dude.. right on... paypal is awesome at appealing to the masses of idiots that think they should be spoon feed all their life."Oh Im gonna sign up with them because then i will have nothing o worry about.. no need to read their TOS. Paypal says I'm safe so I am safe"RetardsUse real banks, period
dlpt2aFeb 9, 2010
Paypal is a predatory company, bad business for almost everybody but them. If you do or have something on your website they don't like you can say good bye to your money for at least 6 months. Reason? Paypal feels that you are a "High risk" merchant so they think that there could be a charge back on some of the credit card payments. Consequences? They freeze your entire balance for six months regardless of your account history, even if you never in 3 years doing business with paypal have had a charge back they will get YOUR money in THEIR bank running interest for THEM. After 6 months they may or may not return your money, it will depend on how many new excuses they come up with. Of course they wait until you have a few Ks on the account to "discover" the offensive material on your web, Paypal never had a problem when there was only a few hundreds balance, now they've got near to 5k, I had to take a loan just to pay my suppliers and a couple of employees.I've just fired them and contact a law firm specialized in class actions, if somebody has a problem like mine you may want to contact Kevin at Glancy Binkow & Goldberg 310-201-9150 <a class="user" href="http://www.glancylaw.com/" rel="nofollow">http://www.glancylaw.com/</a>or email to his yahoo address kevinruf@yahoo.comGo with google, they seem to be honest, the user agreement is way better than paypal, I'll tell you... Never gonna skip the reading those things again