PayPal Monopoly on Ebay

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Originally posted by mckenziesgold1:
I started this thread several weeks ago out of frustration with PayPal's unreasonable policies on lots of things. I have watched the comments following. Some nay-sayers try to insinuate we do not want to pay any fees. That is ludicrous!! Of course we know we have to pay for a service to accept credit cards for us for Auctions. We just want REASONABLE fees, timely deposits into our bank accounts and some other friendly competition between legitimate Credit Card On-Line Companies with PayPal. I'm tired of accepting, as someone else put it, "THAT PAYPAL IS JUDGE, JURY AND CAN DO ANYTHING THEY WANT WITH OUR MONEY!!" For instance I'm tired of them holding e-checks from customers for up to 5-6 business days "routinely". Then when it finally gets credited to my PayPal account and I transfer money into my bank account it takes another 3-4 business days. What's up with that???!!! It takes forever to get our money from PAYPAL deposited into our bank accounts??!!!! That was one of the main reasons I did not take personal checks or money orders. Now, I've changed my mind on that. It's almost faster to accept personal checks and money orders and you do not have to pay outrageous PayPal fees on top of Ebay listing fees and Ebay Final Value Sales commission fees. The exorbitant "fees" are eating my profit big time!!

I'm tired of their monopoly and cornering this market with Ebay at their helm. Surely some big companies are going to recognize a great opportunity to take these giants on!!

This is what you do, you get the PayPal Debit Card, Go to your back and ask for a Cash advance of 500.00 (the daily limit), you then deposit that into your back account. No waiting at all and the best part ... PayPal will Pay you a extra 5 bucks for doing that, so if your a big powerseller and can do this 5 x's a week that is $25.00 in your pocket a week or $100.00 a month which will help pay for some of the fustrations Ebay/PayPal cause us.

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This is what you do, you get the PayPal Debit Card, Go to your back and ask for a Cash advance of 500.00 (the daily limit), you then deposit that into your back account. No waiting at all and the best part ... PayPal will Pay you a extra 5 bucks for doing that, so if your a big powerseller and can do this 5 x's a week that is $25.00 in your pocket a week or $100.00 a month which will help pay for some of the fustrations Ebay/PayPal cause us.

quess I don't understand this..How can you get a cash advance from a Debit card unless you had the $500.00 in there and then it is not a cash advance it is your own money you are taking..maybe I am just not understanding...

SAY WHAT???

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This is what you do, you get the PayPal Debit Card, Go to your back and ask for a Cash advance of 500.00 (the daily limit), you then deposit that into your back account. No waiting at all and the best part ... PayPal will Pay you a extra 5 bucks for doing that, so if your a big powerseller and can do this 5 x's a week that is $25.00 in your pocket a week or $100.00 a month which will help pay for some of the fustrations Ebay/PayPal cause us.

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Reply

I believe you're mistaken there. I use paypal's debit card all the time and do receive 1.5% cashback on purchases but I don't get that on cash withdrawals.

I'd also like to get fee free payments but I realize that's not going to happen so I price my goods with fees in mind.

Okay, let me make it more clear, srry.

The Paypal debit card is Yes a debit card, but when you use it at a POS you have the option of using it as a debit OR a credit card. As far as the $$$ coming right out of your paypal account there is no difference, however if you use it as a credit card ..YOU will recieve 1% back. This is NOT your money, this is money PayPal is paying you to use YOUR PayPal card as a credit card.

Example, you go out to dinner bill comes to 35.00, you give them your paypal debit card, (Most places will ask if it is debit or credit and if they don't Tell them credit)

Uses PayPal card as a Debit card
Bill 35.00
deduction from Paypal acct 35.00

Uses PayPal card as a Credit Card
Bill 35.00
Deduction from PayPal acct. 35.00
BONUS from PayPal +.35cents

Okay 35 cents isn't much but if you use your card as a credit card everywhere it adds up fast. This is FREE money from PayPal.

Cash Withdraw vs Cash Advance

Cash Withdraw, you can do at any POS or ATM as a debit card, you will NOT receive the 1% back.

Cash Advance, You can only do at YOUR bank I think. You have to take the card to the desk and tell the teller you want a CASH ADVANCE, not a withdraw.

To know the difference,

If you use your PIN# with your card then your using it as a debit card and will not recieve the 1% back on any purchases.

To use as a Credit Card you do NOT use your PIN# and always have to sign a reciept.


Hope that is clearer,

I get 1.5% on my paypal card ourchases, are you only getting 1%?

Anyway, if I sold that much I wouldn't have time to make 5 trips to the bank to collect $5.

We've gotten off topic here, Paypal and Ebay does have a monoply on their site, I can't blame them, I would want the same thing if it were my company. If you want to sell in any venue fees are going to be part of it. You must price your goods accordingly.

Fees are going to be charged no matter who you choose to use as a payment service for auctions. I believe the key word in all of this is "SERVICE". Paypal honoring their own policies would be another issue that I have personally dealt with.
I got an email from them, was asked to enter a shipping number for the return of an item to the Seller while in my Paypal account. I called Paypal, the girl got snotty with me while on the phone when I told her it's not possible. So I had her walk me through ENTERING the shipping number. After finding out for herself it can't be done, all the hoops(re: faxes, phone calls and numerous emails) I'd jumped through for them were finished, I won the dispute, and they still said to CONTACT THE SELLER MYSELF FOR MY REFUND..If you win a dispute, it's a Buyer Protection auction, Paypal needs to reimburse the winning party. If my bank messes up, they make it good, not tell me to take care of it myself! Paypal also needs to spend more time PROPERLY investigating disputes rather than being rude, and taking the easy way out for them. This goes right back to SERVICE and fees charged for providing a service. Maybe they should spend some of that money training their people better because they don't even know what you can or can't do in your PAYPAL account!

Again, we are not trying to get away from PayPal because of fees! I am perfectly fine with paying a fee to process my transaction.

Plain and simple, PayPal sucks! They can freeze your account at any givin time and place a hold on all of your funds with no hope of ever getting the account reinstated. They are not governed by federal banking laws and are not fdic insured. Your personal bank account, by law, can not freeze your account and place a hold on your money and release it when they damn well please.

And PayPal's customer service is not service. They will tell you what you want to hear and that's it. Bottom line, end of story, and we live happily ever after without PayPal.

Get your own merchant account! You will not regret leaving PayPal! EVER!

And for all of the sellers that think that PayPal is sooo great, wait until you have problems. Problems that PayPal can fix in 2 minutes but takes 2 months. Wait until your account is frozen with any sum of money in there and you can't even touch it until PayPal gets off of their lazy so called customer service asses and and actually does something. Best of all, your not even guaranteed to get your account reinstated. PayPal is not governed. They don't have to give you your money!

Hey guyz/galz! I just saw this thread and had to put in my 2 cents. LOL!

I am a long time E-Bay veteran. I had my E-Bay account with all my positive feedback closed about a year or 2 ago due to a non-ebay related problem. I had a buyer for my business ask for a refund after all the work I did on contract for him was completed, his reason was he changed his mind. He filed a dispute with PayPal, he won, my account went negative and I refused to pay the balance. PayPal account was closed as well as my E-Bay account altho the work I was doing wasn't on E-Bay. LOL!

Well now I have an E-Bay account again and had the same problem you all are having. WHO can I use for payments other than PayPal!?!?!?!?!? Simple, 2Checkout.Com! I have not used 2Checkout.Com for auctions yet, but will be starting to today. I have used them for both of my businesses and have also been on the buyer side and paid using them. Safe & Secure and both as a buyer and seller with them I have NEVER ONCE had a problem as long as you follow their rules. There is a $49 setup fee and there are fee's but the fee's and setup fee are worth the "PEACE OF MIND" I have had with them in the past.

In terms of auctions, I just did a "DESCRIPTION SEARCH" on E-Bay for sellers using them and there are quite a few plus there are no restrictions with 2CO about using them for auctions really as long as what you're selling is within their rules. So in short, I will be using them not only because they're SECURE and I have never had a problem with them but also because they are widely known. A good 50%+ of the items I buy online from small businesses use 2CO and they've been around for awhile.

I hope this post helps some. I would also like to see what anyone else thinks about 2CO if you have used them before and any of you that have had problems with them.

Great input and information. I will check them out today as I'm tired of the "FEAR" that is always there regarding PAYPAL getting a hair up their whatever and deciding to hit my account. Thanks for contributing a useful alternative for all of us with concerns.

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2CO

I didn't think you could use any form of payment on ebay, except paypal, money orders and checks.

Ok here's how it goes as far as I know.

Restricted on EBay;
*Cash
*Western Union
*Moneygram
*StormPay
*GreenZap
*E-Gold
*A few other Online Payment Options

Allowed on EBay;
*PayPal
*Check / Money Order
*2 Checkout
*C.O.D. (Cash on Delivery)
*Merchant Accounts
*"Bank Electronic Payments"
*CertaPay
*ProPay

Basically PayPal isn't required but preferred. And if you look around a bit on E-Bay at the completed listings, you will notice that more people are willing to bid/bin on an item if the payment method is a more trusted & known company like PayPal and 2Checkout (altho PayPal shouldn't be trusted more. LOL!).

As far as using 2CO for auctions, it's not as user friendly as PayPal in terms of "Auction Payment" but IMO it's just as secure as PayPal. You will notice on alot of the Auctions that offer 2CO there will be a little form at the bottom of the auction for the winning bidder to insert the "Total Price" to pay. This little form is actually inserted into the auction listing by the seller. Complicated? Nah... Once you get the first one done then it's very simple to cut and paste -OR- do what I do and make a template you use for every auction you list with that little form on the template.

One nice thing about 2CO is that you can customize this form. I have seen where people have you enter the auction number, price, and shipping. Others just the total price. And if you're not scared of a little web design for your auctions, you can make it look really nice and professional.

I gotta say that personally when I am buying off E-Bay, if the seller offers payment threw something other than 2CO, PayPal, or a Merchant Account I, I tend to shy away from that auction not knowing how safe my money will be handled when paying along with any other information I might give to that payment processor.

BTW: I got the above ALLOWED/RESTRICTED list of items directly off of E-Bay but had to do a little digging to find it.

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BTW: I got the above ALLOWED/RESTRICTED list of items directly off of E-Bay but had to do a little digging to find it

Ya I went and looked and couldn't find, knew it was there somewhere but since they re-did the site menu I can't find anything.

I did a search for c2o checkout and only saw one seller that is actually in the states using it, the rest are international sellers, selling on the US site.

Does anyone know anything about ProPay? Are they easy to use?

I looked into ProPay a bit and they seem like a good option. $60 yearly fee to be able to accept AMEX/DISC cards with a monthly limit of $3,000 in transactions a month up to $500 per transaction. I'm kinda hesitant because of the other fees like $15.00 per chargeback, $10.00 per returned check, $10.00 per investigation, etc...

If you get some bad customers in a month it could end up costing the seller. As stated in a previous post, there are some people that think they can purchase an item and issue a chargeback thinking they'll get the product for free.

But I might opt to go for ProPay and 2Checkout together. Better to offer 2 payment options than one I guess.

I have looked into 2Co. It seems like a good option. The fees are a bit high but it's worth not using paypal. Let us know how smooth it works with your auctions.

Well I have opted to offer 2CO and PayPal both together just to see if anyone opts to use 2CO. Here are my auctions I got up so far so you can see how I did the 2CO area at the top.

http://cgi.ebay.com/15-Candle-Lite-Scented-Candles-BRAN...QQrdZ1QQcmdZViewItem http://cgi.ebay.com/7-Spa-Logic-Body-Washes-Shower-Gels...QQrdZ1QQcmdZViewItem
http://cgi.ebay.com/4-AVON-Naturals-Foam-Bath-Vanilla-C...QQrdZ1QQcmdZViewItem http://cgi.ebay.com/GN-Netcom-4170-Hands-Free-Headset-P...QQrdZ1QQcmdZViewItem

Those are my auctions I got up right now. I used my own design with auctiva templates.

BidPay is supposed to be opening back up soon by the company that bought it from Western Union. Try to go to the old bidpay site for info on that.

I guess paypal is the only thing of its kind.

Well, here's an update for you all. I stuck with PayPal and then they stuck it to me in a way. My account was Hijacked. Not PayPals fault but they should really require a credit card number or some sort of verification (like 2Checkout.Com does) other than just an e-mail and password. My entire PayPal account was cleaned out and because the guy spent more than what I had, it was automatically taken from my bank account. Now I have to wait for PayPal to do their investigation and make a "ruleing" on it. I contacted the company GoDaddy.Com (where the hijacker spent my money) and they are going to have their investigation done within 48 hours and hopefully a refund. Once this is dealt with, I'm closing my PayPal account and never using them again.

And if you're wondering how my account was Hijacked, it was threw an e-mail. I got a fake paypal e-mail and I usually just toss them. Little did I know that when I opened this one up it installed a keylogger on my computer that Ad-Aware and Norton Anti-Virus didn't catch. Just thought i'd let you all know...