Re: [MBZ] OT - paypal escrow?

[Curley McLain via Mercedes]

Banks still do.  $25 for domestic and $50 for foreign wire transfers are 
common.   Many plces charged $12-15 for pay by phone.  Now ach is free, 
but a wire transfer is still $25-50.


If you have a mill or so sitting around, the best thing to do is start a 
bank or CU.  Banking is licensed theft.   As WF and Banco de mehiko 
(BofA) has shown many times, the bigger they are, the crookeder they are.



Larry Turner via Mercedes 
November 8, 2017 at 8:15 AM
IMO, once a business gets established, like the major banks and Sears, 
etc., they fail to innovate to much out of fear they'll destroy their 
business model, plus (a BIG plus) is few understood the affect the 
internet would have on the economy and the way we do business.  I 
think this year will see the internet selling more Christmas gifts 
than the brick and motor stores.   I don't know for a fact, but I 
think banks used to charge a fee to do electronic transfers - as much 
as $25 perhaps.  Paypal charges me and it's not insignificant - had a 
$350 charge yesterday and the PP fee was around $10.  A bargain for 
what they offer - no risk of bad checks, counterfeit MO's, and all the 
other scams going around.


LarryT



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Re: [MBZ] OT - paypal escrow?

[Larry Turner via Mercedes]

IMO, once a business gets established, like the major banks and Sears, 
etc., they fail to innovate to much out of fear they'll destroy their 
business model, plus (a BIG plus) is few understood the affect the 
internet would have on the economy and the way we do business.  I think 
this year will see the internet selling more Christmas gifts than the 
brick and motor stores.   I don't know for a fact, but I think banks 
used to charge a fee to do electronic transfers - as much as $25 
perhaps.  Paypal charges me and it's not insignificant - had a $350 
charge yesterday and the PP fee was around $10.  A bargain for what they 
offer - no risk of bad checks, counterfeit MO's, and all the other scams 
going around.


LarryT


On 11/07/2017 7:27 PM, Peter Frederick via Mercedes wrote:

PayPal is great -- makes you wonder what the banks were doing that someone else 
came up with the idea.  Banks routinely transfer money electronically, they 
should have been able to develop a very low cost electronic service without 
someone becoming a billionaire.

Then again, Sears the mail order giant, missed the entire net commerce 
thing.

Peter
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Re: [MBZ] OT - paypal escrow?

[Peter Frederick via Mercedes]

PayPal is great -- makes you wonder what the banks were doing that someone else 
came up with the idea.  Banks routinely transfer money electronically, they 
should have been able to develop a very low cost electronic service without 
someone becoming a billionaire.

Then again, Sears the mail order giant, missed the entire net commerce 
thing.

Peter
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Re: [MBZ] OT - paypal escrow?

[Larry Turner via Mercedes]

I have used PayPal as my only method of accepting funds for payment of 
services and parts.  Have never had even the smallest problem with 
them.  I have been a customer of PP for roughly 15 years and am very 
happy.  I tell prospective customers I can issue a PP Invoice which 
allows them a variety of charge cards to use and I receive payment as 
soon as payment is made.  I typically move the funds to my business bank 
but I am more and more tempted to use PP as my primary bank.


The only time I've ever heard of PP holds funding was if the money comes 
from a uncertain source like international sources, money orders, checks 
and such, if they even still accept those kinds of payments.  Last I 
heard rumors of that has been many years ago.


If you or your Buyer uses a credit card the money will be removed from 
their account and credited to your account as soon as they click Pay or 
whatever the button says.


Larry


On 11/05/2017 9:36 PM, Dan Penoff via Mercedes wrote:

Here’s what I do to prevent that from happening:

I have a separate checking account I use for nothing but online purchases.  
It’s linked to my PP account and funded by me electronically when I buy 
something through a transfer from another account at my credit union. If I 
receive payment via PayPal, I immediately transfer the money out of the account.

No CCs linked to the account, either.

So in a situation like yours, PP can come back all they want, but the well is 
dry.  I actually had this happen on an eBay sale a few years back, I don’t 
recall the exact details, but it was after they changed their policies to 
become buyer centric.  I think it was a for a part off my W140 S500 coupe.  The 
buyer screwed up and realized he bought the wrong part - it was a window 
regulator for a W140 coupe, which are stupid expensive.  Mine was for the 
passenger door, and they needed a driver’s door regulator.

It was probably a couple of months after the auction when it came up, and I was 
caught totally off guard by it.  I had disclaimered the crap out of the 
auction, so it was tough beans for the buyer.  They cried big tears to both 
PayPal and eBay, saying the auction description was incorrect (it wasn’t.)  I 
pulled a copy of the auction, a screen shot of the EPC with the correct part 
number and description, presented it for the dispute on file and told both 
parties to piss off.

Two days later I get an email from eBay saying they’re suspending my accounts, 
as they tried to ding my PP account for the return and it came up dry. I told 
them that was fine with me, as I wasn’t returning the money.

Never heard a word after that.  About a month later my accounts were 
mysteriously reactivated.

Just for grins I asked my credit union about this kind of stuff.  They just 
said that if there’s no money in the account and it’s not linked to other 
accounts for overdraft protection if someone presents a transaction for payment 
they just deny it.  No harm no foul for the account holder.

-D




On Nov 5, 2017, at 9:21 PM, Curley McLain via Mercedes  
wrote:

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 >
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 

Re: [MBZ] OT - paypal escrow?

[Larry Turner via Mercedes]

I have used PayPal as my only method of accepting funds for payment of 
services and parts.  Have never had even the smallest problem with 
them.  I have been a customer of PP for roughly 15 years and am very 
happy.  I tell prospective customers I can issue a PP Invoice which 
allows them a variety of charge cards to use and I receive payment as 
soon as payment is made.  I typically move the funds to my business bank 
but I am more and more tempted to use PP as my primary bank.


The only time PP ever holds funds is if the money comes from a uncertain 
source like international sources, moneyore



On 11/05/2017 9:36 PM, Dan Penoff via Mercedes wrote:

Here’s what I do to prevent that from happening:

I have a separate checking account I use for nothing but online purchases.  
It’s linked to my PP account and funded by me electronically when I buy 
something through a transfer from another account at my credit union. If I 
receive payment via PayPal, I immediately transfer the money out of the account.

No CCs linked to the account, either.

So in a situation like yours, PP can come back all they want, but the well is 
dry.  I actually had this happen on an eBay sale a few years back, I don’t 
recall the exact details, but it was after they changed their policies to 
become buyer centric.  I think it was a for a part off my W140 S500 coupe.  The 
buyer screwed up and realized he bought the wrong part - it was a window 
regulator for a W140 coupe, which are stupid expensive.  Mine was for the 
passenger door, and they needed a driver’s door regulator.

It was probably a couple of months after the auction when it came up, and I was 
caught totally off guard by it.  I had disclaimered the crap out of the 
auction, so it was tough beans for the buyer.  They cried big tears to both 
PayPal and eBay, saying the auction description was incorrect (it wasn’t.)  I 
pulled a copy of the auction, a screen shot of the EPC with the correct part 
number and description, presented it for the dispute on file and told both 
parties to piss off.

Two days later I get an email from eBay saying they’re suspending my accounts, 
as they tried to ding my PP account for the return and it came up dry. I told 
them that was fine with me, as I wasn’t returning the money.

Never heard a word after that.  About a month later my accounts were 
mysteriously reactivated.

Just for grins I asked my credit union about this kind of stuff.  They just 
said that if there’s no money in the account and it’s not linked to other 
accounts for overdraft protection if someone presents a transaction for payment 
they just deny it.  No harm no foul for the account holder.

-D




On Nov 5, 2017, at 9:21 PM, Curley McLain via Mercedes  
wrote:

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 >
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 

Re: [MBZ] OT - paypal escrow?

[Dan Penoff via Mercedes]

Here’s what I do to prevent that from happening:

I have a separate checking account I use for nothing but online purchases.  
It’s linked to my PP account and funded by me electronically when I buy 
something through a transfer from another account at my credit union. If I 
receive payment via PayPal, I immediately transfer the money out of the account.

No CCs linked to the account, either.

So in a situation like yours, PP can come back all they want, but the well is 
dry.  I actually had this happen on an eBay sale a few years back, I don’t 
recall the exact details, but it was after they changed their policies to 
become buyer centric.  I think it was a for a part off my W140 S500 coupe.  The 
buyer screwed up and realized he bought the wrong part - it was a window 
regulator for a W140 coupe, which are stupid expensive.  Mine was for the 
passenger door, and they needed a driver’s door regulator.

It was probably a couple of months after the auction when it came up, and I was 
caught totally off guard by it.  I had disclaimered the crap out of the 
auction, so it was tough beans for the buyer.  They cried big tears to both 
PayPal and eBay, saying the auction description was incorrect (it wasn’t.)  I 
pulled a copy of the auction, a screen shot of the EPC with the correct part 
number and description, presented it for the dispute on file and told both 
parties to piss off.

Two days later I get an email from eBay saying they’re suspending my accounts, 
as they tried to ding my PP account for the return and it came up dry. I told 
them that was fine with me, as I wasn’t returning the money.

Never heard a word after that.  About a month later my accounts were 
mysteriously reactivated.

Just for grins I asked my credit union about this kind of stuff.  They just 
said that if there’s no money in the account and it’s not linked to other 
accounts for overdraft protection if someone presents a transaction for payment 
they just deny it.  No harm no foul for the account holder.

-D



> On Nov 5, 2017, at 9:21 PM, Curley McLain via Mercedes 
>  wrote:
> 
> 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 > >
>> 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
>> 
>> 
>> 
>> 
>> ___
>> http://www.okiebenz.com 
>> 
>> To search list archives http://www.okiebenz.com/archive/ 
>> 
>> 
>> To Unsubscribe or change delivery options go to:
>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com 
>> 

Re: [MBZ] OT - paypal escrow?

[Curley McLain via Mercedes]

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 
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 
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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Re: [MBZ] OT - paypal escrow?

[Dan Penoff via Mercedes]

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

 
> On Nov 5, 2017, at 8:18 PM, Mountain Man via Mercedes  
> wrote:
> 
> 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
> 
> ___
> http://www.okiebenz.com
> 
> To search list archives http://www.okiebenz.com/archive/
> 
> To Unsubscribe or change delivery options go to:
> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
> 
> 


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[MBZ] OT - paypal escrow?

[Mountain Man via Mercedes]

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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