quick paypal question!

[Maverick2002]

I want to only accept verified non-cc paypal payments. I got a payment that says:

payment type - instant

if it were a cc payment, would it say otherwise? are unverified payments any different?

 

[DeviousTrap]

If it were a CC payment and you have a personal account it simply won't go through. You will get an email asking if you want to upgrade your account, or decline the transaction.

 

[Xionide]

Speaking of paypal anyone got a dollar? I need to withdraw some money at an ATM but I am short a dollar. I will give you gmail! GMAIL!!!!!

 

[Maverick2002]

ok, so it's instant then. but is that the line where it says what kind of payment it is?

 

[DeviousTrap]

If you are the one receiving the payment you can't tell. You will either be told instant which is CC/bank/paypal funds, or echeck.

 

[Maverick2002]

ok, well then how is it possible to refuse non-instant payments? for instance, what if someone decided to pay me via cc, I get payment, then I withdraw/cash that payment, then at their billing period they decide to dispute the charge. how would I be affected if my money is either still in the paypal account or withdrawn to a bank account or cashed?

 

[DeviousTrap]

The money will be taken from your account if the money is there. If its empty as soon as you get some money in there it will be taken. Legally paypal cannot go and take money from your bank account without your consent.

 

[Maverick2002]

So basically the only safe way to ensure that you keep your payment is to withdraw your paypal funds to a bank account? And even if you're verified, they still can't withdraw money from your bank account?

 

[DeviousTrap]

AFAIK, there is no legal way for them to get money without going through some sort of court.

 

[RossMAN]

You sound almost as paranoid as me.

 

[Maverick2002]

with the amount of trolling that's going on these days there's a lot to be paranoid about. payment = payment, and I'm finally opening up to a method other than USPS money order. I want to make sure I have my bases covered.

 

[RossMAN]

I am about as paranoid as they come.

http://forums.anandtech.com/me...1083819&arctab=arc

 

[Maverick2002]

So .. it looks to me that as long as I have a personal account (which I now have), I can't accept CC payments anyhow. Is that correct?

 

[RossMAN]

Originally posted by: Maverick2002
So .. it looks to me that as long as I have a personal account (which I now have), I can't accept CC payments anyhow. Is that correct?

Correct.

If someone sends you a cc payment, it will NOT credit your account unless you agree to "upgrade' to a premier/business account. There is an option to DENY the payment and it gets refunded to the remitter.

 

[Maverick2002]

Nevermind, looks like I answered my own question. So, please correct me:

I have a personal account, therefore I can only accept instant payments, and don't have to worry about disputes/chargebacks. Correct?

 

[Anonemous]

Originally posted by: Maverick2002
So .. it looks to me that as long as I have a personal account (which I now have), I can't accept CC payments anyhow. Is that correct?

yep unless you upgrade.

 

[RossMAN]

Originally posted by: Maverick2002
Nevermind, looks like I answered my own question. So, please correct me:

I have a personal account, therefore I can only accept instant payments, and don't have to worry about disputes/chargebacks. Correct?

Incorrect.

I recommend reading Paypal's protection policies for both sellers and buyers.

 

[Maverick2002]

Thanks Ross, I read that. Still, how is that incorrect?

Chargebacks are only valid with credit cards from what I can tell. Disputes are another matter (I read up on it), but basically once you receive payment it can't be taken out again without your consent <-- this is what I'm getting it.

 

[vegetation]

Originally posted by: Maverick2002
Nevermind, looks like I answered my own question. So, please correct me:

I have a personal account, therefore I can only accept instant payments, and don't have to worry about disputes/chargebacks. Correct?

Nope, in fact you are at higher risk because personal accounts do not have seller protection policy applied towards them. A buyer can just click on the complaint button on paypal and say they never got anything from you; you lose automatically. If you were a premier member and shipped to a confirmed address in the US, you at least get the option of providing some sort of proof of delivery which will close the case without penalty to you.

 

[vegetation]

Originally posted by: Maverick2002
Thanks Ross, I read that. Still, how is that incorrect?

Chargebacks are only valid with credit cards from what I can tell. Disputes are another matter (I read up on it), but basically once you receive payment it can't be taken out again without your consent <-- this is what I'm getting it.

Paypal can remove money from your paypal account without your consent. What they can't do is remove from your bank account without consent. Either way, however, does not really matter in the long run. When you signed up for paypal, you agreed to let them turn you over to a collection agency for any outstanding balance that is unpaid. If paypal removes money from your paypal account and your existing balance does not cover it then your account will go negative. Kiss your credit rating goodbye if you don't pay up.

 

[RossMAN]

Originally posted by: Maverick2002
Thanks Ross, I read that. Still, how is that incorrect?

Chargebacks are only valid with credit cards from what I can tell. Disputes are another matter (I read up on it), but basically once you receive payment it can't be taken out again without your consent <-- this is what I'm getting it.

Your next reading assignment is Paypalsucks.com

Chargebacks - only applies to credit card payments I'm assuming, if this is true you have nothing to worry about since you cannot receive cc payments.

Disputes - you sell a digicam, the buyer sends you non-cc payment, you mail the digicam using USPS priority mail with delivery confirmation and insurance. The buyer receives the digicam and USPS records shows this. 2 weeks later the buyer files a complaint with Paypal stating they never received the digicam. Technically according to Paypal.com who will win, the buyer or seller?