Power Sellers Unite

elgato · Joined: 24 Feb 2005 Posts: 13312 Location: TEXAS

There are several new PayPal policy updates that were announced today.

(1) Effective June 3, 2009 you may not use PayPal service for activities that “involve the sales of products or services identified by government agencies to have a high likelihood of being fraudulent”. Not sure what that means? Neither am I and neither is the PayPal representative I spoke with today. PayPal informed me that they cannot answer any questions about policy updates unless they are submitted by email. So, if you want some details you will have to email PayPal.

(2) Personal PayPal accounts, where all payments except those funded by credit card, are free for the receiver. However, beginning June 3, 2009, personal PayPal accounts will no longer going to be available for use by anyone who sales goods or services no matter the amount. If you sell a $1 item then you must convert your personal PayPal account to a commercial account and pay fees on all transactions no matter the funding source used. This is a major change and many very small or part-time online sellers won’t see this one coming.

(3) Beginning July 1, 2009, PayPal Preferred Rewards (Cash Back) for debit card purchases will be paid out at the end of each calendar month rather than after each transaction. It looks like PayPal wants to hang on to your money just a little bit longer.

(4) Pilot program that will change your default payment sources beginning June 8, 2009 (quoted from policy updates):

Some PayPal users will receive an email from PayPal informing them that they have been selected to participate in a pilot program that will change their default payment sources for a 12 month period. If you are selected to participate in this pilot, your default payment sources will be changed as follows:
more.. link to news article

DaLizardsLair · Joined: 15 Feb 2009 Posts: 4580 Location: Lake Orion, MI

1) Items with a high likelihood of being fraudulant?

Perhaps items such as designer handbags, which invariably turn out to be fake, or cellphones for the same reason.

2) Personal Paypal accounts were intended to be used by buyers to make purchases, NOT by sellers trying to get around the fees charged for credit card purchases.

A few years ago, ebay started enforcing their requirment that ANY seller displaying the Paypal logo had to accept ALL possible funding methods including credit cards. And if the seller refused to accept your Paypal payment, the buyer could refuse to pay for the item and additionally, file a Non Performing Seller complaint.

It may cause some small time sellers who list on the alternate sites to drop Paypal as a payment method...until they find that the buyers don't wish to use the methods they offer and prefer Paypal.

cohibastore.com · Joined: 14 Sep 2006 Posts: 4316

DaLizardsLair wrote (View Post): › docWrite("quote")...until they find that the buyers don't wish to use the methods they offer and prefer Paypal.

According to what I read from sellers in forums customers don't want to use paypal, they are forced to by the greedy corporations.

CS

CuFF · Posted: Sun May 03, 2009 1:10 pm Post subject:

PP only protects Buyers for ebay transactions. There is no PP protection outside of ebay for buyers.

DaLizardsLair · Joined: 15 Feb 2009 Posts: 4580 Location: Lake Orion, MI

cohibastore.com wrote (View Post): › docWrite("quote")DaLizardsLair wrote (View Post): › docWrite("quote")...until they find that the buyers don't wish to use the methods they offer and prefer Paypal.

According to what I read from sellers in forums customers don't want to use paypal, they are forced to by the greedy corporations.

CS

And you believe everything sellers tell you? If so, I have some bottom property you'll love....

...bottom of lakes, bottom of swamps, etc..... :lol: :roll: :lol:

DaLizardsLair · Joined: 15 Feb 2009 Posts: 4580 Location: Lake Orion, MI

When I was listing on blujay, I offered buyers several payment options, one of which was Paypal.

Out of 54 sales there, I had exactly 2 pay me with a money order. The rest chose Paypal.

Back in my ebay days (before the change to Paypal only), I had over 2000 sales, and the buyer had several options as to payment method. I received less than 50 money orders/cashier's checks/cash. Add to that some 15-20 international buyers who paid via AuctionChex, the rest chose Paypal.

But it may be that even though they may end up using Paypal, buyers like having different payment options.

DaLizardsLair · Joined: 15 Feb 2009 Posts: 4580 Location: Lake Orion, MI

CuFF wrote (View Post): › docWrite("quote")PP only protects Buyers for ebay transactions. There is no PP protection outside of ebay for buyers.

Not quite true.

While Paypal will only offer the SNAD complaint with eBay items, they will still refund payments on an INR complaint.

Which is why it's best to fund your Paypal payment with a credit card. That way, if there's a problem, you have more than one avenue towards resolving it.

But RME which you like to push, offers NO buyer protection period. And they won't even let the buyer use a credit card.

cohibastore.com · Joined: 14 Sep 2006 Posts: 4316

DaLizardsLair wrote (View Post): › docWrite("quote")cohibastore.com wrote (View Post): › docWrite("quote")DaLizardsLair wrote (View Post): › docWrite("quote")...until they find that the buyers don't wish to use the methods they offer and prefer Paypal.

According to what I read from sellers in forums customers don't want to use paypal, they are forced to by the greedy corporations.

CS

And you believe everything sellers tell you? If so, I have some bottom property you'll love....

...bottom of lakes, bottom of swamps, etc..... :lol: :roll: :lol:

I'm sorry but my sarcasm alert failed to activate.

Let me try again

sarcasm alert

"According to what I read from sellers in forums say (as if thats a valid gauge of what buyers want) customers don't want to use paypal, they are forced to use it by the greedy corporations. (that evil paypal and ebay forcing people to use their services. Part of the new world order I'm sure)."

this sarcasm alert is now ended. please reset to normal comprehension.

sciencefare

(2) Personal PayPal accounts, where all payments except those funded by credit card, are free for the receiver. However, beginning June 3, 2009, personal PayPal accounts will no longer going to be available for use by anyone who sales goods or services no matter the amount. If you sell a $1 item then you must convert your personal PayPal account to a commercial account and pay fees on all transactions no matter the funding source used. This is a major change and many very small or part-time online sellers won’t see this one coming.

This seems to be one change that will affect folks without notice. Some will be surprised when it hits them.

DaLizardsLair · Joined: 15 Feb 2009 Posts: 4580 Location: Lake Orion, MI

cohiba,

Perhaps I haven't read enough of your postings to be able to pick up your sense of humor yet.

It'll happen.

JoJoKinkaid · Joined: 21 Apr 2009 Posts: 15

That is not exactly how PayPal’s policy has changed.

This is addressed in this forum in this thread:
http://www.modeeworld.com/forums/paypal-discussions/171-paypal-premier-personal-business.html

the change has to do with FEES on payments not so much that you cannot use a Personal account at all for payments.