Paypal advice for beginner

CaptainHook

CaptainHook

NOT Mike Sigel
Silver Member
I'm thinking about getting a Paypal acct so I can sell some non-pool related items on ebay.

For those of you who have one, what are the do's and don'ts before I sign up for one.

Thank you:D
 
Paypal acct.

The most important thing you can do is make all of your Paypal payments through a credit card. If there are any problems down the road, and sooner or later there will be, the credit card gives you an additional layer of support when you are contesting an issue. Wolf
 
Piss on paypal

I just canceled my account. I think paypal is a joke. You really can sell items on ebay without paypal. You don't need it.
If you do, have a seperate account with no money in it just for paypal incase the come at your account. This is why I canceled my account. I just didn't like the power they get over your bank or credit account when you sing up.
You just list items as payment in cashiers check ,money order or personal check no pay paland ship after payment clears.
Good luck and great avitar!
Nick :)
 
Open an account at a bank just for paypal...when you recieve payment for something withdraw it immediately...don't f&%@ someone over and you'll never have a problem...setup a seller account too...they're seperate from buyer accounts...and get the paypal debit card...
 
PayPal insures you if you do it right.

CaptainHook said:
I'm thinking about getting a Paypal acct so I can sell some non-pool related items on ebay.

For those of you who have one, what are the do's and don'ts before I sign up for one.

Thank you:D
Click to expand...

It sounds like you will be selling? Here's how you safely accept PayPal payments.

1) Put wording in your auction that you will only accept PayPal payments from a confirmed PayPal addresses.

2) Always check the status of the payers address when they send you a payment. If it is "confirmed", accept it, "unconfirmed" reject it. The eMail PayPal sends you when you get a payment will let you know the address status of your payer. You can preset this accept or reject in your PayPal preferences.

3) Ship within 5 days of payment.

4) For amounts $250 and under, ship with delivery confirmation, over $250, signature confirmation.

What you are doing here is protecting yourself against payer chargebacks. A chargeback is when the payer disputes his payment to you through his credit card company. In the case of a chargeback, if you sent to a confirmed address, within 5 days and can provide either the signature or delivery confirmation to prove the item was delivered to that confirmed address, PayPal will insure you to 5K a year against payer chargebacks.

Buyers use Paypal for two reasons:1) So they can buy with their credit cards 2) for protection from scams or flakey sellers.

As a seller, especially as a new, low-feedback seller, you must offer PayPal or your stuff will either go cheap or not sell. The last stat I looked at had PayPal transactions outperforming cash transactions on eBay in the 25% range.

I've used PayPal since it's inception, both as a buyer and seller, we now run easily 50K a month through our PayPal account and have never lost a dime.

Please let me know if I can be of assistance.

Kevin
 
Last edited:
Let me add something here that maybe nobody knows or maybe everyone knows.

I have first hand experience with this when I sold an Iphone (right around the release date back on 29 June).

I listed an Iphone for sale on eBay, PP/eBay worked in conjuction and froze my PP account immediately prior to auction ending because it was a high theft item due to the demand (by the way I did put my user id in the photos of the phone). They froze all of my funds which was about $3500 I had in the account at the time for a $600 phone.

They said they would not un-freeze my account until I could show proof of delivery. I have 100% positive feedback with over 100 transactions on eBay, verified/confirmed trusted.....blah blah blah with PP as well. Not to mention I have sold Treo Cell phones in the past with my account and very expensive cues (this did not matter in their eyes).

I shipped the Iphone via priority mail insured for the cost of the phone, and as luck would have it the USPS lost the phone (it gets better; please read on).

The reason I am saying all of this is to let everyone know what the numerous phone calls to paypal and speaking with the escalations department has educated me on about PP's policy and the USPS.

THIS IS VERY IMPORTANT TO KNOW AND HOPEFULLY IT DOESNT HAPPEN TO YOU

PAYPALS POLICY IS THAT IF YOU SHIP SOMETHING TO SOMEONE AND THEY SAY THE DID NOT GET IT (whether they got it or not) AND YOU CANT PROVE THEY GOT IT THEN THEY ARE GETTING THEIR MONEY BACK IF THEY FILE A DISPUTE PERIOD!!! SO BEWARE BECAUSE THEY CAN GET YOUR CUE YOU SOLD AND THEIR MONEY BACK

THE FOLLOWING ITEMS DONT MATTER EITHER WHEN IT COMES TO USPS

DELIVERY CONFIRMATION
INSURANCE RECEIPT
SIGNATURE CONFIRMATION (IF THE ACTUAL PERSON WHO PAID DID NOT SIGN)
CERTIFIED

THE ONLY METHOD OF SHIPPING WITH THE USPS THAT IS GUARENTEED IS
REGISTERED MAIL (IT HAS A CHAIN OF CUSTODY) AND YOU CAN ACTUALLY HOLD SOMEONE ACCOUNTABLE

BY THE WAY THE GUY WHO BOUGHT THE IPHONE GOT A REFUND FROM ME AND THEN ABOUT 3 WEEKS LATER THE USPS FOUND THE PHONE AND SENT IT BACK TO ME (UNOPENED)......NO ONE COULD EXPLAIN WHAT HAPPEND AND IT GOT BACK TO ME THE DAY I FILED THE CLAIM FOR THE INSURANCE ( YOU HAVE TO WAIT 21 DAYS BEFORE FILING A CLAIM)

So do I still use paypal.........yes
was I completely irate about them freezing $3500 of my money...yes

so my advice to you would be make sure that you dont leave money in your paypal account that you might need in an emergency cause they can sieze it anytime they want
 
AZ9BALLER said:
Let me add something here that maybe nobody knows or maybe everyone knows.

I have first hand experience with this when I sold an Iphone (right around the release date back on 29 June).

I listed an Iphone for sale on eBay, PP/eBay worked in conjuction and froze my PP account immediately prior to auction ending because it was a high theft item due to the demand (by the way I did put my user id in the photos of the phone). They froze all of my funds which was about $3500 I had in the account at the time for a $600 phone.

They said they would not un-freeze my account until I could show proof of delivery. I have 100% positive feedback with over 100 transactions on eBay, verified/confirmed trusted.....blah blah blah with PP as well. Not to mention I have sold Treo Cell phones in the past with my account and very expensive cues (this did not matter in their eyes).

I shipped the Iphone via priority mail insured for the cost of the phone, and as luck would have it the USPS lost the phone (it gets better; please read on).

The reason I am saying all of this is to let everyone know what the numerous phone calls to paypal and speaking with the escalations department has educated me on about PP's policy and the USPS.

THIS IS VERY IMPORTANT TO KNOW AND HOPEFULLY IT DOESNT HAPPEN TO YOU

PAYPALS POLICY IS THAT IF YOU SHIP SOMETHING TO SOMEONE AND THEY SAY THE DID NOT GET IT (whether they got it or not) AND YOU CANT PROVE THEY GOT IT THEN THEY ARE GETTING THEIR MONEY BACK IF THEY FILE A DISPUTE PERIOD!!! SO BEWARE BECAUSE THEY CAN GET YOUR CUE YOU SOLD AND THEIR MONEY BACK

THE FOLLOWING ITEMS DONT MATTER EITHER WHEN IT COMES TO USPS

DELIVERY CONFIRMATION
INSURANCE RECEIPT
SIGNATURE CONFIRMATION (IF THE ACTUAL PERSON WHO PAID DID NOT SIGN)
CERTIFIED

THE ONLY METHOD OF SHIPPING WITH THE USPS THAT IS GUARENTEED IS
REGISTERED MAIL (IT HAS A CHAIN OF CUSTODY) AND YOU CAN ACTUALLY HOLD SOMEONE ACCOUNTABLE

BY THE WAY THE GUY WHO BOUGHT THE IPHONE GOT A REFUND FROM ME AND THEN ABOUT 3 WEEKS LATER THE USPS FOUND THE PHONE AND SENT IT BACK TO ME (UNOPENED)......NO ONE COULD EXPLAIN WHAT HAPPEND AND IT GOT BACK TO ME THE DAY I FILED THE CLAIM FOR THE INSURANCE ( YOU HAVE TO WAIT 21 DAYS BEFORE FILING A CLAIM)

So do I still use paypal.........yes
was I completely irate about them freezing $3500 of my money...yes

so my advice to you would be make sure that you dont leave money in your paypal account that you might need in an emergency cause they can sieze it anytime they want
Click to expand...


Its probably good advice not to leave 3.5K sitting around in your PayPal account. I'd also advise one not to leave that money on the dashboard of your car, or on the table while you go to the restroom.

In this circumstance ($600) had you used signature confirmation with USPS and the cue had been delivered (to a confirmed address) then PayPal would cover you. Had it not been delivered USPS would have paid the insurance claim. Either way, no loss.

Its not only PayPal's policy that mail orders must have confirmed delivery to prevent chargebacks. It's the "test" for AmEx, MC and Visa. PayPal processes payments for those 3 companies so their chargeback tests are the same as the credit companies they process.

Kevin
 
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