Re: [MOPO] papal ---------payment pending!!!

[Movie Poster Bid]

Quite right. An e-check from PayPal should be treated exactly the same as a paper check you might receive in the mail. You hold onto the item until the check clears -- in this case until your PayPal account status on the payment changes from "pending" to "completed" -- only then do you have the money and only then should you ship the item to the buyer.   Note that PayPal says it should take 3 or 4 days for an e-check to clear. I have received several lately, and they took 8 to 10 days to clear... one took 12 days. Yes, the buyers got irritated at me because I had not shipped, but I simply quoted PayPal's own message (like the one you sent us) that clearly states the seller is not to ship the item until the e-check clears.   The real problem comes from with the way PayPal describes e-checks as a payment option on their website. To someone who's never had to wait for one to clear before, the way the PayPal description reads makes it sound "instantaneous" and so the buyer thinks you've received the money instantly. Of course, the only thing "instant" about it is you get a notice that tells you the buyer has sent an e-check and that you should sit tight for a week or two until PayPal gets the money from the buyer's bank and deposits it in your PayPal account and tells you the transaction is "completed". At that point you'll get an email from PayPal clearly saying "You've got cash!"   PayPal could write the description of the e-check payment option in a clear way so that the buyer understands about the delay. They clearly don't do so for some reason.   --JR   "...I used to wish that my computer were as easy to use as my phone.     Now my wish has come true... I can't figure out how to use my phone, either".     -- Rick Weiss   ----- Original Message ----- From: Movielegends To: MoPo-L@LISTSERV.AMERICAN.EDU Sent: Monday, August 01, 2005 20:20 Subject: Re: [MOPO] papal ---------payment pending!!! Michael: Not Really, if you read the email Paypal sends you for eCheck payments, it states: "This eCheck Payment will remain "Uncleared" until the funds have cleared from the sender's account, which usually takes 4 business days. If you are shipping an item, please do not ship your item until the funds have cleared into your PayPal account. You will be notified by email when the funds have cleared into your PayPal balance." --- Michael B <[EMAIL PROTECTED]> wrote: > thanks for the info, jeff. > > but isn't that unfair to the buyer who expects his > item ship  immediately? > and, doesn't that put the seller in an awkward > situation? > __________________________________________________ Do You Yahoo!? Tired of spam?  Yahoo! Mail has the best spam protection around http://mail.yahoo.com          Visit the MoPo Mailing List Web Site at www.filmfan.com    ___________________________________________________________________               How to UNSUBSCRIBE from the MoPo Mailing List        Send a message addressed to: [EMAIL PROTECTED]             In the BODY of your message type: SIGNOFF MOPO-L     The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.