Thread: New PayPal Policy

I was under the impression that ebay only allowed paypal ? Could be wrong though, I was wrong once before.

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Originally Posted by JimmyHAD

I was under the impression that ebay only allowed paypal ? Could be wrong though, I was wrong once before.

Originally Posted by JimmyHAD

I was under the impression that ebay only allowed paypal ? Could be wrong though, I was wrong once before.

Which, IMO, is total BS. They have the ebay fees, and on top of that go the PayPal fees. But ebay owns PayPal... So they get to charge the seller twice? And the fees for both take a percentage of the sale price plus a flat rate, so they are set up to rake it in no matter the closing costs.

Originally Posted by holli4pirating

Which, IMO, is total BS. They have the ebay fees, and on top of that go the PayPal fees. But ebay owns PayPal... So they get to charge the seller twice? And the fees for both take a percentage of the sale price plus a flat rate, so they are set up to rake it in no matter the closing costs.

It is like the old one about the guy who says he is going to play poker. His friend tells him the game is crooked, I know, says the guy, but it's the only game in town.

OTOH, it is a great convenience. When I first began selling on ebay, and there was no paypal, waiting to see if a buyer actually paid was a PITA. I look upon the fees as a cost of doing business. Paypal enables virtually instant transactions and $ flow back and forth, to and fro expeditiously. Very stimulating to our economy and worth the price of admission IMHO.

Let us not forget all the interest paypal will make by sitting on everyone's money for 21 days....

Funds coming into my account take up to 45 days to be deposited into my account. It sucks, but what are you gonna do?

I guess I'm a bit spoiled. Until yesterday, I could receive payments and have them in my bank account the very next day for the most part. Sometimes the transfer to the bank would take just a bit longer but from 1 or 2 days to 21 days is no fun

Originally Posted by ats200

I got this message in my email:

"Starting 7/25/2011, money from payments you receive will be placed in a pending balance for up to 21 days. By doing this, we're making sure that there's enough money in your account to cover potential refunds or claims.

Even though you can't access the money right away, please ship orders quickly and communicate with your customers. After 21 days, you can withdraw money from each payment as long as the customer hasn't filed a dispute, chargeback, claim, return, or reversal.

The money may be available sooner if:
We can confirm that the item was delivered.
Your buyer leaves positive feedback. (Applies only to eBay items)"


I found it strange since I've never had any customer disputes and my feedback rating is 100%. I'm definitely going to look into this Amazon payment system

As a buyer who was ripped off by a dishonest seller, I think its a great idea.
As a seller waiting for money... not so great.

Originally Posted by onimaru55

As a buyer who was ripped off by a dishonest seller, I think its a great idea.
As a seller waiting for money... not so great.

yeah I agree, it's great in some cases... just not mine :-)

Originally Posted by CTKnife

Let us not forget all the interest paypal will make by sitting on everyone's money for 21 days....

I agree, this interest is the main reason for introducing delay in payment. From the point of view of trade 21 days useless. All disputes and cases mostly start after that term. Within 45 days from selling date.