Eric...maybe a good thing we have paid our dues? Ebay, Paypal, all these
auction sites are private enterprises, hopefully not a dying entity.
Private enterprise should exist before intrusive action by a confiscatory
government and stupid-Congress crap restricts us forever. Good to remember
our status as private.
Let's be careful not to invite even more thugs from the Gov'ment, intruding
further regs into our passion.
One thing we should all be cautious of, the looming "AUDIT BY THE IRS"
question. We all claim our on-line sales....right? (ahem....)
----- Original Message -----
From: "Meteorites USA" <[email protected]>
To: <[email protected]>
Sent: Monday, September 06, 2010 6:28 PM
Subject: Re: [meteorite-list] Ebays Buyer Protection is Guaranteed
This crap by Paypal is something that should be illegal! it's true that
sellers with less than 100 feedback will have their funds placed on hold.
Do you have ANY idea how this "Buyer Protection" actually works
logistically? Paypal places a hold on the funds of the seller for up to 21
days until the buyer receives their item and/or gives positive feedback.
This means the seller is forced to not oly wait until the "buyer" decides
to give feedback, but they also must dip into their own pocket to ship and
item that the buyer is supposed to pay shipping for. Paypal and Ebay
decided to "secure" the order with the sellers money to "protect the
buyer". Paypal risks nothing, the buyer risks nothing, and the seller not
only risks the cost of the item, they must now increase their overall
costs to cover the extra shipping expenditures caused by these arbitrary
holds on the funds. Meanwhile, during that 21 day period, Paypal is
earning interest on that money. What of the earnings that Papal is making
during that 21 day hold? How many millions of dollars from how many
thousands of sellers is tied up during this time? Even 1/2 percent in
interest on $1 Million over 21 days is $5000. Do sellers see any of those
earnings? Nope. Paypal pockets this money and no one says a word. It
should be illegal. It's a policy Paypal and Ebay have formed simply as a
cash machine. Oh yeah, one more thing, does ANYONE else see the obvious
conflict of interest that Ebay has in owning it's own payment gateway?
This is basically forcing ALL sellers to accept only Paypal as the primary
payment method, or get their own merchant account. Both of which increases
sellers costs. Hell, sellers aren't even allowed to accept money orders or
personal checks anymore. All this is designed to increase Paypal's
earnings through the fees associated with processing these payments that
would normally be paid for by check or money order. LOL I think it's funny
people promote Ebay's Buyer Protection without a second thought. It should
be called "Seller Extortion" instead. Whatever...
Eric
On 9/1/2010 9:03 AM, [email protected] wrote:
Tom, List,
Apparently there is some cofusion about ebay buyer protection.
It is a great thing and it is worry free if you follow directions as
follows here.
Pay pals number is 800-514-4920.
I just called and Amy explained it completely and eBay now has 100% buyer
protection. Guaranteed.
The particulars are;
1. Must be an eBay purchase.
2. Must be paid to PayPal linked through eBay.
In other words don't pay directly at PayPal site. Pay only by using
link
through eBay so, the transaction number is on the payment itself.
3. Sellers with under 100 feedbacks will not have your funds released
until one of
the following ;
either 21 days pass. or seller supplies eBay with a delivery confirmation
showing the item has been delivered to you. or you leave the seller
positive
feedback. So, for the first 21 days things are easy.
All that said. EBay guarantees all sales with no dollar limit for 45
days. Period.
You are guaranteed not to be ripped off on every eBay sale.
There is absolutely NO risk at all to any buyer at any time. So, yes buy
from
anyone . even people with zero feedbacks are okay.
She noted that this has only been the policy for about a year. Prior to
that
people could lose but not any more..
She went on to say that if you click on the words "buyer protection plan"
this
is all explained in writing as well.
I am going to post this last part on list but to be sure if you would
respond to
it ON LIST to make sure it posts. Thanks.
Carl
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