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Has anyone else noticed the new PAYPAL only policy?

This is ostensibly to prevent the many overseas scams.

I recently made my 101 successfull purchase with 100% feedback.

I have never used PAYPAL after a nightmare of overcharges on my first three fees.

Sellers I have done repeat business with will no longer accept Postal Money orders. It seems if they do, EBAY will block the number of items they can post.

With the economy spiralling down, people dropping credit cards and using cash only this seems a brilliant move.
 

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I hate Paypal, it's all the hassle of dealing with a bank without any of the protections. You'd think Amazon or Microsoft would team up with Wells Fargo or Bank One and kick up some competition. Google's service is pretty good but nobody uses it.

I wish someone would come up with a decent auction site to compete with eBay. Craigslist is the only thing that comes close, and it really isn't in the same ballpark.
 

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I hate Paypal, it's all the hassle of dealing with a bank without any of the protections. You'd think Amazon or Microsoft would team up with Wells Fargo or Bank One and kick up some competition. Google's service is pretty good but nobody uses it.

I wish someone would come up with a decent auction site to compete with eBay. Craigslist is the only thing that comes close, and it really isn't in the same ballpark.
Ebay owns paypal, I doubt they'll let someone use a competitors program.
 

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I hate Paypal, it's all the hassle of dealing with a bank without any of the protections.
Actually, I had an experience where I paid nearly a hundred dollars for something that I never received, and PayPal refunded my money.

I don't know how much effort they put into getting the money back from the seller; my banking experience tells me that below a certain threshhold they contact the seller and if there's no reply they just give the buyer back the money and write it off.
 

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Actually, I had an experience where I paid nearly a hundred dollars for something that I never received, and PayPal refunded my money.

I don't know how much effort they put into getting the money back from the seller; my banking experience tells me that below a certain threshold they contact the seller and if there's no reply they just give the buyer back the money and write it off.
The bank I worked for right out of college was the same way. "You didn't make these purchases? Ok, here's your money back." If people were willing to fill out all of the dispute forms, they usually got their money back. I can't recall a single time the bank refused to refund someone's "fraudulent" charge. You better believe a lot of people took advantage of that.

I once had a guy tell me his card was stolen and used at a local casino. I told him I would deactivate the card, order him a new one and have him fill out the dispute forms. He said to me, "No, don't deactivate it. I need it to get cash from the ATM." "I thought you said the card was stolen?" I said. "Yeah, it was, but I found it." Uh huh...
I walked back to my manager's office and explained the situation. "We can't just call this guy a liar, just fill out the dispute forms." He told me. I protested, but to no avail. The guy had his "fraudulent" charges replaced by his next statement date even though I had called and reported what had happened to the fraud dept.

I'm glad I got out of retail banking.
 

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Speaking of Paypal, I just sold some Nikon lenses on Ebay, and when I wnet to transfer the balance to my checking account, I noticed that my funds were being held until the buyer received the item. I did send the lenses via Priority Mail, and my funds were released in only a couple of days. I'm sure that this policy protects the buyer, but doesn't Ebay get to keep our money for a few more days? The policy states that they will hold the funds up to 21 days.
I've never noticed this policy before, is it new?

Also, I noticed that if you buy your postage through Paypal, they can track your package and they'll know when it arrives so your funds can be released. I'm sure that this "encourages" people to use their shipping!
 

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I hate Paypal, it's all the hassle of dealing with a bank without any of the protections. You'd think Amazon or Microsoft would team up with Wells Fargo or Bank One and kick up some competition. Google's service is pretty good but nobody uses it.

I wish someone would come up with a decent auction site to compete with eBay. Craigslist is the only thing that comes close, and it really isn't in the same ballpark.
The problem is eBay has become the Microsoft of the on-line auction business. They've become so large that people now just instinctively go there to buy and sell. I remember Yahoo tried auctions a few years back and it didn't work. I think the only way another on-line auction site takes over is if eBay shuts down. Until that happens I think any that try to compete will not be able to stay long enough to pull bidders away from eBay.
 

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Thanks Mike.Must be a lot of information you have to give to the seller?
Just the opposite. The seller only finds out your mailing information, and that the funds have been received. The money shows up in the seller's account immediately, but it can take three days for it to get transferred to an outside bank account. Of course, they have the option of leaving it in there to use for when the seller buys something.

The buyer and the seller have to give sensitive information to PayPal, but it's never shared.
 

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As a buyer and a seller on Ebay, I have to say that PayPal has it's pros and cons. I've only ever used PayPal anyways, but I can see where someone wouldn't want to use it. Especially the sellers.

Ebay own PayPal, and with non-PayPal payments, the only money they get is the percentage from the sell, and the listing fees. This way, they can get even MORE money in their pockets, because sellers have to pay PayPal a percentage of the sell as well.

I can see why they do it, and as a seller, it's convenient...but as a buyer, I know that I'm not getting as good as a deal I used to be able to get, because sellers have to jack up the prices more to pay for the listing fees and BOTH percentages.
 

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I'm disappointed in some sellers adding the mileage driven to the post office as part of the shipping. I find it funny how eBay "recommends" PayPal, as if they are two separate things. When I think of eBay, I think of PayPal. I didn't hear about the PayPal only policy. It must be new like so many other weird stuff going on over there at the moment. PayPal is honestly not so bad, as long as one stays on its good side.
 

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Just the opposite. The seller only finds out your mailing information, and that the funds have been received. The money shows up in the seller's account immediately, but it can take three days for it to get transferred to an outside bank account. Of course, they have the option of leaving it in there to use for when the seller buys something.

The buyer and the seller have to give sensitive information to PayPal, but it's never shared.
Right,your mailing address so that way he/she would know where to send the product.
 
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