khaosspawn
Member
Don't use it 🙂 Is CC fruad that prevalent in the US?
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Is paypal crap?
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Michael
Elite member
I don't understand why you're giving Damon the load of crap he has been taking. At least there's a person in here trying to help. Paypal works perfectly fine and offers as much if not more protection than a merchant account does at a lower cost.
When a store runs up a transaction from a stolen credit card, they can get an "authorized" or "completed" message and then still get a chargeback months later. The credit card authorization programs do protect the seller, but not 100%. Just like Paypal.
If you want Paypal to just cough up the money you lost to the crooks without you being able to prove that you did ship something, then what is to stop the crooks from taking advantage of Paypal that way.
I am not pleased that they have changed a few of their "promises" from when they first started (the always fee and we make money off the float so don't worry about it is an example), but they are a decent service.
Go back to accepting checks and money orders if that is what you want. Or get a merchant account.
Michael
When a store runs up a transaction from a stolen credit card, they can get an "authorized" or "completed" message and then still get a chargeback months later. The credit card authorization programs do protect the seller, but not 100%. Just like Paypal.
If you want Paypal to just cough up the money you lost to the crooks without you being able to prove that you did ship something, then what is to stop the crooks from taking advantage of Paypal that way.
I am not pleased that they have changed a few of their "promises" from when they first started (the always fee and we make money off the float so don't worry about it is an example), but they are a decent service.
Go back to accepting checks and money orders if that is what you want. Or get a merchant account.
Michael
I like paypal since im a verified member ive done 3k+ through paypal
i have 1 problem early in the day i wanted to deposit 300 in my checking account from paypal ok fine later that day i got to send someone some money instantly from my banking acc. an i get an error saying cant do instant transfer try echeck which for echeck takes 4-5 days that sucks what the hell's wrong with you service i have 2Gs in my bank your sevice is lacking
Any 1 try amazons money account service they suck also big time worse than paypal i have lots of money in there an i cant even take it out they make me wait 14 days after i get my money from them im closening my acc.
WARNING Amazon SuckS a big one
i have 1 problem early in the day i wanted to deposit 300 in my checking account from paypal ok fine later that day i got to send someone some money instantly from my banking acc. an i get an error saying cant do instant transfer try echeck which for echeck takes 4-5 days that sucks what the hell's wrong with you service i have 2Gs in my bank your sevice is lacking
Any 1 try amazons money account service they suck also big time worse than paypal i have lots of money in there an i cant even take it out they make me wait 14 days after i get my money from them im closening my acc.
WARNING Amazon SuckS a big one
paypaldamon,
wats gonna happen if i dont pay off my negative funds?
will u automatically take away from my checking account (i believe you cant, but who knows)
is interest going to become a factor and start making a bigger debt?
i also heard a rumor that it will go onto permanent credit history
wats gonna happen if i dont pay off my negative funds?
will u automatically take away from my checking account (i believe you cant, but who knows)
is interest going to become a factor and start making a bigger debt?
i also heard a rumor that it will go onto permanent credit history
Hi Snoopcat,
The PayPal account is an account. The account will be in the negative if the charge back was valid and the documentation provided did not meet the details of the program and payments made into the account will reduce that amount. The other option, and a clearer explanation can be found on the web site under the terms of use, is that the account review team can charge your card for it or other arrangements can be made. We will not access your bank account.
Croton,
I am addressing the concern the same way because the concern is the same. How do I protect myself from charge backs if I am accepting credit card payments? The answer is the same--the Seller Protection Program.
mjh0o,
I am not sure which payment option you were using, but I will take a stab---
1. Echeck or add fund requests from your bank account take 3-5 business days to clear in.
2. Instant ach-starts same process as above, but makes the money available immediately by securing it against the credit card. If this option was used and the authorization did not clear---the credit card on file may not have had enough for the hold.
I can explain this in a little more detail if this doesn't make sense. Please let me know.
The PayPal account is an account. The account will be in the negative if the charge back was valid and the documentation provided did not meet the details of the program and payments made into the account will reduce that amount. The other option, and a clearer explanation can be found on the web site under the terms of use, is that the account review team can charge your card for it or other arrangements can be made. We will not access your bank account.
Croton,
I am addressing the concern the same way because the concern is the same. How do I protect myself from charge backs if I am accepting credit card payments? The answer is the same--the Seller Protection Program.
mjh0o,
I am not sure which payment option you were using, but I will take a stab---
1. Echeck or add fund requests from your bank account take 3-5 business days to clear in.
2. Instant ach-starts same process as above, but makes the money available immediately by securing it against the credit card. If this option was used and the authorization did not clear---the credit card on file may not have had enough for the hold.
I can explain this in a little more detail if this doesn't make sense. Please let me know.
One more question...
What is PayPal's main objective of their service? To enable users to transmit money to each other, and the ability to use CC in personal transactions. Right?
You keep blowing off the same crap everytime you post... Keep in mind this: Who's name is it on your checking account statements, and credit card statements? It's not the user that got the money...
Your service is offering the ability to act as the middle man in the transactions. If you get a chargeback the person that sent the money is denying you the ability to get the money from their card, not the seller. It's your service that offers the ability to send money this way, and it's your service that allows users to use CC's without being verified. It's not my name on their credit card, it's yours. I should not be held responcable in anyway for that charge back. Espicially seeing that they got my product, and your service told me I had their money in my account.
What is PayPal's main objective of their service? To enable users to transmit money to each other, and the ability to use CC in personal transactions. Right?
You keep blowing off the same crap everytime you post... Keep in mind this: Who's name is it on your checking account statements, and credit card statements? It's not the user that got the money...
Your service is offering the ability to act as the middle man in the transactions. If you get a chargeback the person that sent the money is denying you the ability to get the money from their card, not the seller. It's your service that offers the ability to send money this way, and it's your service that allows users to use CC's without being verified. It's not my name on their credit card, it's yours. I should not be held responcable in anyway for that charge back. Espicially seeing that they got my product, and your service told me I had their money in my account.
Hi bowdown,
PayPal is a payment service that also provides a payment option where users can use their credit cards to make payments.Users can also use a bank account to make payments. We are a payment service first that provides users the options of paying with a credit card and there is a risk associated with accepting credit card payments.
Facts
1.Credit card acceptance helps increase your sales.Charge backs are also a consumer right.
2.Accepting credit cards always carries some risk of fraud or the sender issuing a charge back. Most transactions occur without a hitch.
If you want to accept credit card payments with no risk of liability to you I can almost guarantee you will not find it. If you were in a merchant store, or used a traditional merchant account or many other payment services, you are completely liable for the charge back (in most cases) even when you provide documentation.
If you don't want to have liability for the charge back (losing the money and the product)--please follow the details of the Seller Protection Program.
I am addressing your concerns (loss of product/money). I am telling you how not to be out both (and this is a risk that you take when you accept credit card payments) and how the protection is offered.
I am also stating the same information over and over to make a point (and since this is a posting forum, please do not interpret anything that I state as being hostile---I am being honest with you and providing you with solid information).
PayPal is a payment service that also provides a payment option where users can use their credit cards to make payments.Users can also use a bank account to make payments. We are a payment service first that provides users the options of paying with a credit card and there is a risk associated with accepting credit card payments.
Facts
1.Credit card acceptance helps increase your sales.Charge backs are also a consumer right.
2.Accepting credit cards always carries some risk of fraud or the sender issuing a charge back. Most transactions occur without a hitch.
If you want to accept credit card payments with no risk of liability to you I can almost guarantee you will not find it. If you were in a merchant store, or used a traditional merchant account or many other payment services, you are completely liable for the charge back (in most cases) even when you provide documentation.
If you don't want to have liability for the charge back (losing the money and the product)--please follow the details of the Seller Protection Program.
I am addressing your concerns (loss of product/money). I am telling you how not to be out both (and this is a risk that you take when you accept credit card payments) and how the protection is offered.
I am also stating the same information over and over to make a point (and since this is a posting forum, please do not interpret anything that I state as being hostile---I am being honest with you and providing you with solid information).
Hi Snoopcat,
The tou state the the credit card or debit card on file may be charged if the negative balance remains and a debt owed as a result of a charge back. Should this not happen, the account review team will attempt to collect the debt by other means, which may mean reporting the debt.
The tou state the the credit card or debit card on file may be charged if the negative balance remains and a debt owed as a result of a charge back. Should this not happen, the account review team will attempt to collect the debt by other means, which may mean reporting the debt.
DarkRipper
Golden Member
I've never had a problem. Some have....
I guess I may be lucky.
DR
🙂
I guess I may be lucky.
DR
🙂
<< The tou state the the credit card or debit card on file may be charged if the negative balance remains and a debt owed as a result of a charge back. Should this not happen, the account review team will attempt to collect the debt by other means, which may mean reporting the debt. >>
Why not report the debt to the customer that used the card? I had to verify my address before I used a CC online (so I recall)... You must have their address... Instead you want to screwed the seller that did his part correctly.
Chargebacks are not the only problem with the "seller protection program".
What happens when funds are electronically transfered from checking accounts? One would think that as an electronic means it would be faster and more reliable than other means. Wrong! I'll tell you what happened when I sold and expensive item and thought that paypal would be a good means of transfering funds. First I get an email that says I have pending payment one day after the money is transferred from the buyers checking account. This is an important point. The buyer no longer has the money and has a bank statement of the date the funds left his account. One day later, I am told I have a "pending" deposit. It stays pending for four additional days. As soon as the moneys are "verified" I am able to transfer them to my checking account. The transfer to my account only takes 3 days (sarcasm). So the only thing that makes sense is that Paypal is using the guise of "verification" to hold large sums as long as they can and earn interest from it. Why else would it take 8 days for me to have access to funds that are not credit, and that were electronically transfered. This should not have taken more than 3 days at the maximum.
In essence there are much better and safer ways to transfer money. If your selling something Paypaldamon is right there is a risk to using a credit card, and I will not accept CC payments. But I don't think Paypal should be charging honest people for other peoples fraudulent acts.
What happens when funds are electronically transfered from checking accounts? One would think that as an electronic means it would be faster and more reliable than other means. Wrong! I'll tell you what happened when I sold and expensive item and thought that paypal would be a good means of transfering funds. First I get an email that says I have pending payment one day after the money is transferred from the buyers checking account. This is an important point. The buyer no longer has the money and has a bank statement of the date the funds left his account. One day later, I am told I have a "pending" deposit. It stays pending for four additional days. As soon as the moneys are "verified" I am able to transfer them to my checking account. The transfer to my account only takes 3 days (sarcasm). So the only thing that makes sense is that Paypal is using the guise of "verification" to hold large sums as long as they can and earn interest from it. Why else would it take 8 days for me to have access to funds that are not credit, and that were electronically transfered. This should not have taken more than 3 days at the maximum.
In essence there are much better and safer ways to transfer money. If your selling something Paypaldamon is right there is a risk to using a credit card, and I will not accept CC payments. But I don't think Paypal should be charging honest people for other peoples fraudulent acts.
<< . But I don't think Paypal should be charging honest people for other peoples fraudulent acts. >>
Thank you... Esspicially considering the amount of money that I have put through my account sence I opened it a year ago... Now people that use PayPal are at twice the risk of getting screwed. The first being no payment, and the second being the fact that you get payment, and they just wanted to cancle it for the heck of it, which in turn PayPal screws you!
You tell me this... What happends when someone pay's for a meal using a fraudulant CC? Not the same situation, but close. The restaurant serves you in good faith (me trusting paypal's service), people pay using a CC (buyer sends me the money), chargeback occurs, the restaurant doesn't get the $40.00 for the food taken out of their account do they? I didn't think so...
What am I missing? If you want to be protected, make sure you follow the few things contained in the Paypal Seller Protection Program. It's at a 3rd grade reading level. WTF are you guys bitching about? Are you 12 years old? Sound's to me like Paypaldamon is being quite helpful. Learn to friggin read, ya morons.
Also I feel that the amount my account is negative, should be moved over to the buyers account. Why mine?
I'd understand if it were an issue of the buyer saying that they never received the package, then I'd should be at fault. But that is not the case.
railer: You are a complete moron that has obviously not read a single reply in this thread. Go back to your furby and pokemon games.
I'd understand if it were an issue of the buyer saying that they never received the package, then I'd should be at fault. But that is not the case.
railer: You are a complete moron that has obviously not read a single reply in this thread. Go back to your furby and pokemon games.
You tell me this... What happends when someone pay's for a meal using a fraudulant CC? Not the same situation, but close. The restaurant serves you in good faith (me trusting paypal's service), people pay using a CC (buyer sends me the money), chargeback occurs, the restaurant doesn't get the $40.00 for the food taken out of their account do they? I didn't think so...
well acually yes they do. It is part of the merchant agreement. The Bottom line is by acceping Credit Card payments you allow yourself to sell to many more people, there is however a risk.
Credit Cards BY LAW give the buyer rights (i.e. charge back rights) If you don't like paypal go get a merchant account (costco has them) you will pay 2% and $.50 per trans. When buying from an estore I use my credit card because I have very little liabilty. If the store doesn't provide the product/service as promised I have no loss. With credit Cards the MERCHANT takes the risk and assumes liabilty. Slamming someone trying to inform you of the rule is just plain idiotic. READ the terms of Use on the paypal site. I did and elected not to use it. when you sell using paypal YOU ARE THE MERCHANT. Paypal is like the bank. If someone sends you a check and it bounces, you are out the cash. Paypal does offer ways to help LOWER your risk. Because you did not take the time to read and understand your rights and the rights of the buyer you are fault, not PAYPAL.
Back to that Check, If I write you a check and you put in the bank and then it bounces does the bank eat the loss? I didn't think so...
well acually yes they do. It is part of the merchant agreement. The Bottom line is by acceping Credit Card payments you allow yourself to sell to many more people, there is however a risk.
Credit Cards BY LAW give the buyer rights (i.e. charge back rights) If you don't like paypal go get a merchant account (costco has them) you will pay 2% and $.50 per trans. When buying from an estore I use my credit card because I have very little liabilty. If the store doesn't provide the product/service as promised I have no loss. With credit Cards the MERCHANT takes the risk and assumes liabilty. Slamming someone trying to inform you of the rule is just plain idiotic. READ the terms of Use on the paypal site. I did and elected not to use it. when you sell using paypal YOU ARE THE MERCHANT. Paypal is like the bank. If someone sends you a check and it bounces, you are out the cash. Paypal does offer ways to help LOWER your risk. Because you did not take the time to read and understand your rights and the rights of the buyer you are fault, not PAYPAL.
Back to that Check, If I write you a check and you put in the bank and then it bounces does the bank eat the loss? I didn't think so...
And if you read the terms of service you will see that you assume the liability. That is the risk you take by accepting Credit Cards. Regardless of what you say YOU ACCEPTED CREDIT CARD FUNDS, paypal just gave you the means to do it. Paypal also has A program to help eliminate your risk, NO OTHER MERCHANT HAS THIS. Why don't people take checks? They can bounce. Credit Card fraud AFFECTS THE SELLER, like bounced checks, again paypal mearly gives you the abilty to accept credit cards for a fraction of the cost of a merchant account.
Hi bowdown,
Most merchant accounts also require a great deal of personal informaiton and a possible capital investment in equipment (in most cases). In addition, charge back liability is still generally present with no protection from them (nearly all merchant account and payment service terms of use do not remove the liability for charge backs---we do as long as the exact details of the Seller Protection Program are followed).
Most merchant accounts also require a great deal of personal informaiton and a possible capital investment in equipment (in most cases). In addition, charge back liability is still generally present with no protection from them (nearly all merchant account and payment service terms of use do not remove the liability for charge backs---we do as long as the exact details of the Seller Protection Program are followed).
Hi artemedes,
I am including your post with my reply to make sure I don't miss anything...
Chargebacks are not the only problem with the "seller protection program".
What happens when funds are electronically transfered from checking accounts? One would think that as an electronic means it would be faster and more reliable than other means. Wrong! I'll tell you what happened when I sold and expensive item and thought that paypal would be a good means of transfering funds. First I get an email that says I have pending payment one day after the money is transferred from the buyers checking account. This is an important point. The buyer no longer has the money and has a bank statement of the date the funds left his account. One day later, I am told I have a "pending" deposit. It stays pending for four additional days. As soon as the moneys are "verified" I am able to transfer them to my checking account. The transfer to my account only takes 3 days (sarcasm). So the only thing that makes sense is that Paypal is using the guise of "verification" to hold large sums as long as they can and earn interest from it. Why else would it take 8 days for me to have access to funds that are not credit, and that were electronically transfered. This should not have taken more than 3 days at the maximum.
(The system used to transfer funds in and out of an account is called an ach, which is a slower process than a wire. An incoming transfer to a PayPal account takes 3-5 business days to settle because the item can be rejected by the bank after the fact...this would run the risk of basically giving the user money that has not settled in as cleared. Outgoing transactions from your PayPal account to a bank account typically clear in 3-5 business days or less)
In essence there are much better and safer ways to transfer money. If your selling something Paypaldamon is right there is a risk to using a credit card, and I will not accept CC payments. But I don't think Paypal should be charging honest people for other peoples fraudulent acts.
(Users can protect themselves by following the guidelines of the Seller Protection Program.Charge backs are always a risk when accepting credit cards and we do have something to eliminate that liability. Our seller tools also allow users to choose what kind of accounts they want to accept payments from (verified only, confirmed credit card billing address only,etc).
I am including your post with my reply to make sure I don't miss anything...
Chargebacks are not the only problem with the "seller protection program".
What happens when funds are electronically transfered from checking accounts? One would think that as an electronic means it would be faster and more reliable than other means. Wrong! I'll tell you what happened when I sold and expensive item and thought that paypal would be a good means of transfering funds. First I get an email that says I have pending payment one day after the money is transferred from the buyers checking account. This is an important point. The buyer no longer has the money and has a bank statement of the date the funds left his account. One day later, I am told I have a "pending" deposit. It stays pending for four additional days. As soon as the moneys are "verified" I am able to transfer them to my checking account. The transfer to my account only takes 3 days (sarcasm). So the only thing that makes sense is that Paypal is using the guise of "verification" to hold large sums as long as they can and earn interest from it. Why else would it take 8 days for me to have access to funds that are not credit, and that were electronically transfered. This should not have taken more than 3 days at the maximum.
(The system used to transfer funds in and out of an account is called an ach, which is a slower process than a wire. An incoming transfer to a PayPal account takes 3-5 business days to settle because the item can be rejected by the bank after the fact...this would run the risk of basically giving the user money that has not settled in as cleared. Outgoing transactions from your PayPal account to a bank account typically clear in 3-5 business days or less)
In essence there are much better and safer ways to transfer money. If your selling something Paypaldamon is right there is a risk to using a credit card, and I will not accept CC payments. But I don't think Paypal should be charging honest people for other peoples fraudulent acts.
(Users can protect themselves by following the guidelines of the Seller Protection Program.Charge backs are always a risk when accepting credit cards and we do have something to eliminate that liability. Our seller tools also allow users to choose what kind of accounts they want to accept payments from (verified only, confirmed credit card billing address only,etc).
paypal damon please answer this question
what happens to the person who got their credit card stolen in the first place?
how bout the fraud person himself who used the card?
Dont they get contacted and get some of the blame?
I sent paypal the address where i sent the gift certificate as promised. Isnt the egay auction and my record with having fast shipment on items on egay enuf proof that a contract and transaction was made ? Fraudulent bidder did not want to pay extra for somethign that can be sent in a 34cent envelope.
Wouldnt that be enough?
whom am i supposed to contact next? seems like paypal has bailed out on me with a debt to pay.
Should i just wait till u charge my debit card so i can deal with my cc company in the same way the person who got their credit card stolen has done?
what happens to the person who got their credit card stolen in the first place?
how bout the fraud person himself who used the card?
Dont they get contacted and get some of the blame?
I sent paypal the address where i sent the gift certificate as promised. Isnt the egay auction and my record with having fast shipment on items on egay enuf proof that a contract and transaction was made ? Fraudulent bidder did not want to pay extra for somethign that can be sent in a 34cent envelope.
Wouldnt that be enough?
whom am i supposed to contact next? seems like paypal has bailed out on me with a debt to pay.
Should i just wait till u charge my debit card so i can deal with my cc company in the same way the person who got their credit card stolen has done?
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