New PayPal policies effective in May. Will effect heavy eBay sellers

[NFS4]

U.S. User Business Information

Notice Date: March 4, 2004
Effective Date: April 13, 2004

Effective May 2004, PayPal will require U.S. Premier and Business users who receive more than $2,000.00 USD a month in payment volume through PayPal over three consecutive months to provide supplemental information about their businesses including business categorization, sales venue and business URL information.

 

[CrazyDe1]

Just because they say that doesn't mean I have to be detailed or tell them the absolute truth..

I'm very opposed to giving a sh1t company like paypal any information about myself...

 

[aplefka]

With as many people running their own businesses from home, they've got to have some kind of acceptance of that for a business category and sales venue. And most heavy sellers have a website, so that shouldn't be a problem. I still don't like paypal much.

 

[RossMAN]

As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

 

[NFS4]

Originally posted by: RossMAN
As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

Yeah, it does suck. I sold $5,197.63 worth of stuff in the past 30 days.

 

[CrazyDe1]

I don't care if they don't even ask for a TID #. I report my taxes. I have a URL and i'm not giving it to paypal. I'm also not going to give them my sales venue(using a PO box) and I'm going to be vague as hell about my business...for example Resale.

I've run 6k through my paypal account in the past 2 days alone...

Oh yeah, I bet this is another result of the patriot act. I don't understand how anyone could possibly be for this piece of crap...

 

[Crazymofo]

Originally posted by: NFS4

Originally posted by: RossMAN
As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

Yeah, it does suck. I sold $5,197.63 worth of stuff in the past 30 days.

holy smokes what the heck are you selling??

 

[NFS4]

Originally posted by: Crazymofo

Originally posted by: NFS4

Originally posted by: RossMAN
As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

Yeah, it does suck. I sold $5,197.63 worth of stuff in the past 30 days.

holy smokes what the heck are you selling??

Digital Cameras
Wireless Routers
All-in-One Printers
Photo Printers
DDR memory
SDIO Wireless cards
LCD monitors
DVD burners

 

[JoeKing]

this is a good thing. It means CC fraudsters will have a tougher time rippping credit cards. Which means better service to us. I'm glad paypal is finally cracking down on fraud I've been using the service for years... though not in high volume like some of you pimps

 

[CrazyDe1]

Originally posted by: Joeyman
this is a good thing. It means CC fraudsters will have a tougher time rippping credit cards. Which means better service to us. I'm glad paypal is finally cracking down on fraud I've been using the service for years... though not in high volume like some of you pimps

How is this going to help paypal crack down on credit card fraud? Because their best customers now have to divulge everything to them?

I get 3 or 4 emails asking to ship to nigeria or liberia all the time.

 

[sharkeeper]

Don't accept paypal. Problem solved.

Cheers!

 

[NFS4]

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

 

[TommyVercetti]

Originally posted by: NFS4

Originally posted by: Crazymofo

Originally posted by: NFS4

Originally posted by: RossMAN
As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

Yeah, it does suck. I sold $5,197.63 worth of stuff in the past 30 days.

holy smokes what the heck are you selling??

Digital Cameras
Wireless Routers
All-in-One Printers
Photo Printers
DDR memory
SDIO Wireless cards
LCD monitors
DVD burners

Moving hot deals eh? Smart!

 

[dethman]

ebay/paypal = the devil.


too bad the devil is so convenient.

 

[NFS4]

Originally posted by: TommyVercetti

Originally posted by: NFS4

Originally posted by: Crazymofo

Originally posted by: NFS4

Originally posted by: RossMAN
As long as they don't require a TIN (Tax ID Number) I think you'll be ok but this still sucks.

Yeah, it does suck. I sold $5,197.63 worth of stuff in the past 30 days.

holy smokes what the heck are you selling??

Digital Cameras
Wireless Routers
All-in-One Printers
Photo Printers
DDR memory
SDIO Wireless cards
LCD monitors
DVD burners

Moving hot deals eh? Smart!

FatWallet + about an hour a day = $$$

 

[Dissipate]

Originally posted by: NFS4

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

GoldMoney
Pecunix
e-gold
e-bullion

Wake up people. Paypal is basically a bank on the web, the bureaucracy and government invasion of your privacy is going to be perpetuated. Time to switch to offshore gold.

 

[CrazyDe1]

Fatwallet and hot deals = Small potatoes =P

You're never going to make more than 500-1k a month doing hot deals. That's assuming you have lots of patience and want to deal with rebates...

 

[NFS4]

Originally posted by: Dissipate

Originally posted by: NFS4

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

GoldMoney
Pecunix
e-gold
e-bullion

Wake up people. Paypal is basically a bank on the web, the bureaucracy and government invasion of your privacy is going to be perpetuated. Time to switch to offshore gold.

Never heard of any of those...even on eBay. The only other e-payments I've seen on eBay other than PayPal are Western Union BidPay and that service that died last year...can't remember the name though.

At least PayPal is established and well-known throughtout the biz world

 

[NFS4]

Originally posted by: CrazyDe1
Fatwallet and hot deals = Small potatoes =P

You're never going to make more than 500-1k a month doing hot deals. That's assuming you have lots of patience and want to deal with rebates...

$1,000 a month for MINIMAL effort is nothing to scoff at and rebates aren't bad at all (as long as you aren't STUPID). I just got $229.95 in rebate checks in the mail today.

 

[shekondar]

Originally posted by: NFS4

Originally posted by: Dissipate

Originally posted by: NFS4

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

GoldMoney
Pecunix
e-gold
e-bullion

Wake up people. Paypal is basically a bank on the web, the bureaucracy and government invasion of your privacy is going to be perpetuated. Time to switch to offshore gold.

Never heard of any of those...even on eBay. The only other e-payments I've seen on eBay other than PayPal are Western Union BidPay and that service that died last year...can't remember the name though.

At least PayPal is established and well-known throughtout the biz world

I remember reading an article about e-gold - basically, when you deposit money the company reserves an amount of gold equal to the amount you deposited in your name. The problem is, the gold is held in an offshore bank, there's no way for you to actually get it, the company isn't subject to any government regulations (unlike a real bank), and there's nothing to prevent the company from simply walking away with your money.

 

[Dissipate]

Originally posted by: NFS4

Originally posted by: Dissipate

Originally posted by: NFS4

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

GoldMoney
Pecunix
e-gold
e-bullion

Wake up people. Paypal is basically a bank on the web, the bureaucracy and government invasion of your privacy is going to be perpetuated. Time to switch to offshore gold.

Never heard of any of those...even on eBay. The only other e-payments I've seen on eBay other than PayPal are Western Union BidPay and that service that died last year...can't remember the name though.

At least PayPal is established and well-known throughtout the biz world

Yeah, because people are too attached to banks and fiat currencies. They aren't used because of ignorance and unfounded fear. Its growing though, the more Paypal sucks the more the e-metals will grow.

BTW they are much better for micropayments. Paypal sucks

 

[JoeKing]

This thread has made me extremely wary about using or even keeping and account open with paypal but damnit it is sooo convenient

 

[Dissipate]

Originally posted by: shekondar

Originally posted by: NFS4

Originally posted by: Dissipate

Originally posted by: NFS4

Originally posted by: shuttleteam
Don't accept paypal. Problem solved.

Cheers!

What else is there? Money orders take long and there's the possibility of getting lost in the mail.

GoldMoney
Pecunix
e-gold
e-bullion

Wake up people. Paypal is basically a bank on the web, the bureaucracy and government invasion of your privacy is going to be perpetuated. Time to switch to offshore gold.

Never heard of any of those...even on eBay. The only other e-payments I've seen on eBay other than PayPal are Western Union BidPay and that service that died last year...can't remember the name though.

At least PayPal is established and well-known throughtout the biz world

I remember reading an article about e-gold - basically, when you deposit money the company reserves an amount of gold equal to the amount you deposited in your name. The problem is, the gold is held in an offshore bank, there's no way for you to actually get it, the company isn't subject to any government regulations (unlike a real bank), and there's nothing to prevent the company from simply walking away with your money.

The fraudsters have gone under, the major players in the industry have third party audits of their warehouses. There is nothing to fear. Furthermore, some of them do let you take physical delivery of your gold, e-gold.com does.

The fact that they are outside regulations is what is so great. Plus your funds are 100% inflation proof.

 

[SunnyD]

And to think I was actually considering opening up a paypal account again for various reason... hmm.

 

[TommyVercetti]

Originally posted by: CrazyDe1
Fatwallet and hot deals = Small potatoes =P

You're never going to make more than 500-1k a month doing hot deals. That's assuming you have lots of patience and want to deal with rebates...

Share some ideas then!

I tried selling software on Ebay (completely legit, following all copyright and license restrictions). Made chump change