eBay going to 100% electronic payments only

[VintageMusclecar]

Looks like I won't be using eBay anymore after October. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

Click here (http://www2.ebay.com/aw/core/200808.shtml#2008-08-20070116)

[ QUOTE ]
Starting this fall, we're moving to an electronic checkout process that's faster and more reliable for sellers and buyers. As part of this move, checks and money orders will no longer be accepted on eBay...So starting in late October, 2008, we are moving to 100% electronic payments - credit cards, ProPay, or PayPal.

[/ QUOTE ]

So much for that. http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

Eric

[SuperNovaSS]

Why don't you like using PayPal. Its great for buyers.


Jason

[Bill Rose]

Not a problem for me. I prefer paypal. I hate standing in line at the post office waiting for a money order. I won't buy anything on ebay any more, unless they take credit cards, or paypal.

[x Baldwin Motion]

[ QUOTE ]
Why don't you like using PayPal. Its great for buyers....

[/ QUOTE ]

It does favor the buyer and can be costly for a seller with an unhappy unreasonable customer. http://www.yenko.net/ubbthreads/images/graemlins/thumbsdown.gif

PeeBait
http://www.yenko.net/ubbthreads/images/graemlins/Charley.gif

[VintageMusclecar]

This is but one of many reasons why I won't deal with PayPal (http://paypalsucks.org/)

(watch out for the ".com" version of the above website, it set off my antivirus alert)

I have absolutely nothing to gain by using their service.

[x Baldwin Motion]

http://paypalsucks.org/graphics/PPS-Cartoon1.gif

[kwhizz]

I always used Paypal, thinking that it was a Good, Safe way to transfer Money.....Which it is......Plus....I never let them take the money directly from my Bank Account, I always used American Express as my Funding source thinking that I would have a Double Guarantee and could challange a "Problem" by denying payment thru Amex...
Well, I bought and Paid (thru PayPal) for some Items and never received them........I went to the Paypal Resolution Center and filed a Dispute about non delivery (Remember.....They always say it the Safe, Protected way to Pay)....After 5 weeks I was informed by PayPal that the Dispute was Ruled in my Favor, But......I would only get a Refund if the Seller returned the Money to Paypal.....But, Since they either changed Identities or were no longer a Registered Seller on Ebay........The Chances were very slim that I would ever see any Money.....
So.......I thought....No Big Deal as I would deny Payment to Amex.........Ends up if I did that, Paypal would Freeze My account and would end up being in a "Pissing" Contest with them......Guess who would end up on the Short end....
In the End I decided to just write it off as it wasn't worth the "Hassle" .......So Much for the Safe Way to pay............. http://www.yenko.net/ubbthreads/images/graemlins/bs.gif..........Although....Many dealings on Ebay and having being burned by just one "Jerk" I guess isn't that Bad...

Ken

[Tommy]

I haven't been burned by paypal "yet"... I would rather them leave it alone and let the check and Money order people stay around. I got burned once on a 6 dollar decal that never showed up after several emails and a promise to send a second one... Almost got burned one time on a deal made after an auction ended... He got my 400 bucks plus change and several months later I finally got my part after many phone calls... Last deal I will make like that one. I do use paypal, I use a bank that is separate from my regular bank so if something happens it isn't going to affect my other finances. After several years of Internet, I am still scared of online transactions..... I probably always will be... I still use stamps and snail mail for most things even though everyone trys to get us all to do every single thing in life online ...


Tommy http://www.yenko.net/ubbthreads/images/graemlins/burnout.gif

[lbnaz]

I have never accepted pay pal nor do I have an account. It protects the buyer and not the seller. I have had only one bad check in 8 years and it was made good after notifing the buyer. Time to look for another source to sell items. Larry.

[FASTONE]

Looks like the IRS will now get what they have been wanting---an indisputable paper trail that will be simple to get. It also appears ebay is bound and determined to kill the golden goose by giving all of the leverage to the buyers. Ebays forums are full of sellers who have sold big ticket items, gotten paypal for payment, sent the item in good faith, only to

[FASTONE]

have the buyer claim the item never arrived and get a refund from paypal. To make up for it, the buyer usually leaves a negative feedback though. I will only sell $100 and under items on ebay from now on, but will sell my rare NOS stuff here and in Hemmings. Time to sell the ebay stock!!!

[69B Z28]

Looks like it's just part of the master plan after reading legislation recently passed by Congress buried in the Housing Relief Tax Bill.

Payment Card Reporting:

"The legislation will require institutions that make payments to merchants in settlement of credit and debit cards, as well as third-party payment networks such as PAYPAL, to report the gross amount of settlements they pay to, or for the benefit of, merchants and other recipients beginning in 2011. Treasury is authorized to establish rules under which the information returns will be filed."

"In the case of third-party payment networks, reporting would only be required on payees who receive at least $20,000 in income from the transactions each year or participate in at least 200 transactions in a year. However, there is not a similar de minimis rule in the case of CREDIT and DEBIT cards. Reporting is required with respect to all payees, including INDIVIDUALS, corporations and partnerships."

" The new reporting requirements will apply for settlements occurring in calendar year 2011. Back-up withholding for those who do not provide a valid taxpayer identification number will be required beginning in 2012."


Money orders and Checks are not their "friends" with this new legislation!

[FANTASY FACTORY]

A postal money order is considered same as cash.
and last time I checked it was ILLEGAL to refuse cash as payment for debt.

[COPO 70 RS/Z28]

[ QUOTE ]
"" I always used Paypal, thinking that it was a Good, Safe way to transfer Money.....Which it is......Plus....I never let them take the money directly from my Bank Account, I always used American Express as my Funding source thinking that I would have a Double Guarantee and could challange a "Problem" by denying payment thru Amex...""


I do the same thing, I will not use a debit card or let paypal take money directly out of my account. As with both methods (Debit,or direct account transfer) once the money is gone its gone and regardless of what happens you have less of a chance of getting the money back if you have a problem.

I dont sell stuff so I cant comment on the sellers problems.

I find (at least on line) I will bid less for items which require MO's because of the hassle.



http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

[GRB]

I've avoided PayPal after reading so many horror stories. Now, I'm not sure what to do. BTW - I'm a buyer, never a seller. Just sent a seller a personal check minutes ago!

[WILMASBOYL78]

I only buy from Sammy...he accepts Tasty Kakes...Canolli's and provlone http://www.yenko.net/ubbthreads/images/graemlins/grin.gif

wilma http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[Verne_Frantz]

I am also very unhappy to hear this change of policy. I've been scared by all the terrible stories I've heard too and stayed clear of PayPal. I had planned on selling a lot of stuff in the near future, so now I don't know what to do. I think the time is ripe for another on-line auction business to start up, designed more like the original ebay and with lower fees.

As for protecting myself from buyers who claim they never received an item, I ALWAYS pay the extra for Delivery Confirmation through USPS.

Verne

[SuperNovaSS]

I wonder if I buyer could still pay by money order if they contacted the seller through the message system. This is pretty rediculous not that I thin about it.


Jason

[Mr70]

eBay is also extending it's standard auctions from 7 days to now be 30 days,starting Sept 16th.
It's also lowering the listing fee in hopes of attracting more sellers as well as buyers.

I've been having great success so far on our own For Sale/Wanted Classifieds ads sections right here on sYc and Craigslist.com too.Buying & selling with just one flat stated asking price.
...And no associated fees whatsoever. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[m22mike]

[ QUOTE ]
I only buy from Sammy...he accepts Tasty Kakes...Canolli's and provlone http://www.yenko.net/ubbthreads/images/graemlins/grin.gif

wilma http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[/ QUOTE ]

What the hell....no salami http://www.yenko.net/ubbthreads/images/graemlins/tongue.gif

Mike

[John Brown]

[ QUOTE ]
A postal money order is considered same as cash.
and last time I checked it was ILLEGAL to refuse cash as payment for debt.

[/ QUOTE ]

Looks like ebay may have a few more lawsuits..... http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

[copo69]

looks like Ebay is pandering to the "commercial" type of seller

[firstgenaddict]

Ebay is pandering to the government...

[69B Z28]

[ QUOTE ]
It's also lowering the listing fee in hopes of attracting more sellers as well as buyers.

[/ QUOTE ]

Yes, but at the same time they are raising the final value fee (percentage) ....Again!

[427.060]

The main reason Ebay is doing this is because they own Paypal. I would rather use Paypal. I have been using Paypal for over 8 years and have never had a problem. When I signed up for Paypal it was all free and they actually gave you $5 for joining. It's too much trouble to get money orders and a lot of sellers don't like taking checks. As far as the Paypalsucks site posted above, Like with any business, there will always be unhappy people. How many transactions go through Paypal a day without a problem? Let one person have a little trouble and it's all over the net but you never hear about the millions of good transactions. I would be willing to bet that most of the bad transactions that go wrong do so because the one complaining didn't follow all the required steps. I would imagine a lot of companies would love to have the customer service rating that Paypal has.
James

[firstgenaddict]

The reason they are doing it is so the Government knows where the money is coming from and going to, they do not like cash transactions... especially on the scale of ebay...
and on that note I say... NO MORE EBAY! http://www.yenko.net/ubbthreads/images/graemlins/thumbsdown.gif Now why does every transaction need to be centrally tracked? http://www.yenko.net/ubbthreads/images/graemlins/hmmm.gif I wonder...

[Verne_Frantz]

OK OK OK...........if evil bay insists we use PayPal to keep selling there, What's involved?????? I don't have a debit card and I'll be damned if I'm going to give ANYONE my bank account number. Now what?????????????? http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif http://www.yenko.net/ubbthreads/images/graemlins/mad.gif

[firstgenaddict]

Maybe you could get a visa gift card... like from the mall... and use that? I want to know how one would retain any anonymity from God knows who looking at what an individual is buying or selling... very very Orwellian...

Can't have the people trading amongst themselves they must run transactions through us...

It's not enough that they get a fee off of all of it... now Pay Pal will be receiving more deposits, and I'll bet that Pay Pal is part of a Bank... somewhere or somehow the money is going through a Bank associated with Pay Pal / Ebay and they are making interest and or are using it as investment capital either way it is just another way for the banks to keep transactions going through them.

[DaveC68]

If I'm not mistaken, Ebay owns paypal.
...ebay collects its listing fee from the seller, then collects its % at the completion of the auction, then paypal takes 3% from the total the seller receives, and finally if the seller is slow to request paypal to transfer the money to their personal bank account it sits in the paypal account ( and guess who's making the interest on that $$?)
and finally when you request your money transfered from your paypal account to your personal account, it takes @ 3days...can you say float?
I think thats it in a nutshell.
Seems like the time would be ripe, as stated earlier, for a "new" motors type auction service...but would it too be forced to be as forthcoming with the government?
I think this is going to hurt Ebay's bottom line in a BIG way.

[firstgenaddict]

[ QUOTE ]

Ebay owns Paypal

[/ QUOTE ]

My Point Exactly...

[ QUOTE ]
I think this is going to hurt Ebay's bottom line in a BIG way.

[/ QUOTE ]
I think they are going to be amazed...

[Verne_Frantz]

If there was another on-line auction site available now, I wouldn't look back at Ebay. Let them fail; they deserve it.
They act like GM in the '70s & '80s. And I don't care if they fail either because they deserve it too. http://www.yenko.net/ubbthreads/images/graemlins/scholar.gif
A successful business provides a good service to the customer, and they've BOTH forgotten what the customer wants. They USED to know it, but now they're just riding the wave to the rocks.

[Born30YrsLate]

Yup...I've just about had it with eBay and Paypal...last year I sold a guy a carb and he paid with Paypal, he filed a complaint with Paypal saying the carb was far from described because it needed to be rebuilt, eventhough in the auction I stated it will need to be rebuilt and it was sold as is....well the guy got his money back and I got the carb back missing some parts...I asked Paypal for a justification as to why they ruled in his favor and never heard back.

Oh here's another good one...I bought an engine block off eBay and paid through Paypal...I take the block to the machine shop to have it looked over because the guy told me that the block has no damage and has never been repaired...well the machine shop finds a sleeve in one cylinder and a crack in the block...the machine shop didn't get to the block right away so it was after the 60 complaint limit that I got the information...so I send eBay and Paypal an email about the situation including the eBay auction number and the Paypal transaction number...and the reply I got from eBay was "We're sorry but this transaction took place outside eBay and we cannot help you"...HA holy crap I was floored...
I only used eBay as a last resort and now I am afraid to do that now.

[Norm reynolds]

Paypal works for me I use pay-pal credit and when I receive my item and if by some chance some thing is wrong I just tell pay-pal That I am sending it back AND I AM NOT PAYING
Trust me going that route you never will get screwed trust me it works really good and if every thing is ok I just pay off pay pal credit My bank account does not even come to play I have been doing this for years now and NEVER got screwed
Just this week my wife’s grand Cherokee right front window would not work
The oem”s window regulator has a plastic block that breaks and that ;s the end of it
The dealership want ;s 275.00 for a mopar regulator BUT it still has the same dumb
Plastic block I found a guy on e-bay yesterday that was selling a –re-engineered regulator with metal blocks for 110.00 I paid for it with pay pal credit and just got it tonight I was just saying to my wife before e-bay I would just have to replace this with an crappy oem regulator that would last a year or two and would have to redo it all over again
Now if this was NOT what I wanted I would tell pay pal credit that I am not paying and to make it right BUT this regulator is much better that the oem one and I think that’s the end of that window breaking again

[nova7579]

It says that if the item is for pickup only then you do not have to use paypal. So I am going to offer pick up at your front door as long as you send me the money!!!!!!!!!!!!

Brian

[Born30YrsLate]

It sounds as though Paypal is good to use then if you have buyers remourse....you get it and you don't like it, don't want it any more or you paid too much you can get your money back no questions asked...It makes sense to me, either way Paypal gets their money out of it...

[John Brown]

[ QUOTE ]
It says that if the item is for pickup only then you do not have to use paypal. Brian

[/ QUOTE ]

They also say you don't have to accept PayPal in the "Mature Audiences" section where all the sexually explicit auctions are.

I wonder if I could sell some obsolete auto parts over in that area?? http://www.yenko.net/ubbthreads/images/graemlins/haha.gif

[Mr70]

Welcome to Hooterville John.
http://cgi.ebay.com/Liquid-Level-control...1QQcmdZViewItem (http://cgi.ebay.com/Liquid-Level-control-Bar-Norriseal-w-Nuts-Unused-NR_W0QQitemZ160272527651QQihZ006QQcategoryZ42QQssP ageNameZWDVWQQrdZ1QQcmdZViewItem)

[ss427copo]

[ QUOTE ]
If there was another on-line auction site available now, I wouldn't look back at Ebay. Let them fail; they deserve it.
They act like GM in the '70s & '80s. And I don't care if they fail either because they deserve it too. http://www.yenko.net/ubbthreads/images/graemlins/scholar.gif
A successful business provides a good service to the customer, and they've BOTH forgotten what the customer wants. They USED to know it, but now they're just riding the wave to the rocks.

[/ QUOTE ]

Verne, I'm with you. First, it was NO MORE NEGATIVES for deadbeat Buyer. PLUS...if you POSITIVE FEEDBACK the non-paying SOB, you are not permitted to write anything negative about the experience. A buyer can leave the nicest Positive Feedback in the world, but can screw you bigtime by entering low ratings in the 5-Star Rating System. NOW....you can accept ANY PAYMENT except their 3% PAYPAL system??? http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

I'M DONE with Ebay AND Paypal!

[71SSNova]

[ QUOTE ]
I wonder if I buyer could still pay by money order if they contacted the seller through the message system. This is pretty rediculous not that I thin about it.


Jason

[/ QUOTE ]

Per eBay, this can be done but they will be watching so the seller does not abuse this privledge.
Time for a new auction site to start up and learn from the stupid stuff eBay has done.

[JChlupsa]

[ QUOTE ]
I don't have a debit card and I'll be damned if I'm going to give ANYONE my bank account number. Now what??????????????

[/ QUOTE ]

by using your Debit card YOU ARE giving them access to your bank account. Think of it this way, when the different airlines folded (Aloha/ATA and others) if you paid by credit card you had a good chance on getting your $$$ back, A debit card is just like cash, its taken out of your account ASAP and good luck on getting any back. Those that are fighting the airlines who paid with debit/cash were told to stand at the end of the line. guess how i know

[firstgenaddict]

Heaven forbid anyone pay with cash any longer... Time for the Amero... our new currency for the North American Union...

[VintageMusclecar]

[ QUOTE ]
Heaven forbid anyone pay with cash any longer... Time for the Amero... our new currency for the North American Union...

[/ QUOTE ]

You nailed it.

Too bad more people aren't aware (or even concerned, for that matter) about what's in store for this country (http://www.youtube.com/watch?v=6hiPrsc9g98)

One more step towards a cashless society.

[firstgenaddict]

Yep... once that happens... watch out for dissenting views... one click... and no more money!

[firstgenaddict]

Precious metals will always have value...

[lbnaz]

What are some of the other online auctions names that available?

[Mr70]

It wouldn't surprise me if eBay soon acuquired UPS or FedEx to help complete the monopolization from listing,selling,paying and shipping..all through them.

[427.060]

With all the bad decisions Ebay has been making lately, I'll be surprised if they are still around a couple years from now.
James

[427.060]

I got an email from Ebay yesterday stating that it is now free to list a vehicle so you save the $40 listing fee. A couple sentences later they said the fee if it sold will be $125. They make it sound like they are saving you money when it now cost $40 more to sell a car.
James