Hi Richard, we're all accountable to the same government, including Ebay
and Paypal. I'm for less government, but I'm also for freedom of speech
and human rights as well. Some conflict of interest there huh? There
must be a balance. Positive/negative, good/bad, light/dark... Ebay and
Paypal's policy is not balanced between buyer and seller and themselves.
Careful not to invite thugs from the gov? So you're saying the citizens
of the USA should fear the government? The government exists for and by
the people, or did I read the U.S. Constitution wrong? ;) Microsoft got
taken to court for their anti-trust violations for creating a monopoly.
The only reason there's no laws against what Paypal and Ebay are doing
is because the laws haven't been written yet.
I will agree. I love Ebay's marketplace, and Paypal's convenience. But I
don't like it so much when they take my money without asking. There's a
word for that.
Eric
On 9/6/2010 6:43 PM, Richard Montgomery wrote:
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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