I had PP delay payment. I don't remember the details, but I was
miffed. I also sold a very expensive burner safety control for cheap
and the sandrat (in the US) buyer tried on fleabay to claim it was no
good a couple months later. Buy could provide no proof it was
professionally installed or installed by anyone who knew anything about
what they were doing. Fleabay denied the claim. a couple months
later, Paypal stole my money and gave it back to the prick. He stole
the burner control. He sang his sad song to paypal. I told them the
same thing I told fleabay and that fleaby had already denied the claim.
Screw the seller.
Dan Penoff via Mercedes <mailto:mercedes@okiebenz.com>
November 5, 2017 at 8:08 PM
Not true.
Payment is rendered instantly.
In a nutshell, there are two ways to pay someone using PP:
1.) “Regular” PayPal which is used for goods and services and charges
the seller a fee based on the total dollar amount of the transaction; or,
2.) PayPal “gift” where money can be transferred to an individual
purportedly as a “gift”. Under the terms of PP gift there are no fees.
Both of these scenarios assume that the seller or person sending the
funds has a bank account in good standing linked to the PayPal
account. That’s because PayPal used ACH transactions to draw the money
from your account. You can fund a PP purchase or gift with a credit
card, but you’ll pay merchant fees if you do so.
PayPal also offers buyer protections in regular transactions where
fees are paid (goods and services, not gift) in that they can help you
get your money back in the event of an issue with the goods. services
or seller. These protections favor the buyer, and as a result of this
a lot of sellers have abandoned venues like eBay that use PP. Things
like allowing a buyer to come back to you as much as six months after
a transaction and demand a refund.
PayPal has no feedback function/capabilities. Only the selling venues
such as eBay have feedback, and they determine the terms as to how
that feedback is used. I am not aware of eBay inserting itself into a
transaction as a proxy or escrow agent.
There are third party escrow services out there that will hold your
funds until you confirm receipt of the item. These are often used for
high dollar purchases, such as cars.
-D
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Mountain Man via Mercedes <mailto:mercedes@okiebenz.com>
November 5, 2017 at 7:18 PM
Someone told me paypal holds money until feedback is issued on a sale?
Is this possibly for new sellers? Maybe sellers with questionable
practices? It sounds odd? Has anyone heard of this?
...curious...
Thanks.
tin.man
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