PayPal question....

Discussion in 'After Hours Lounge (Off Topic)' started by Scott Wong, Apr 8, 2003.

  1. Scott Wong

    Scott Wong Second Unit

    Joined:
    Oct 30, 1999
    Messages:
    421
    Likes Received:
    0
    I did a search but didn't find quite what I was looking for...

    I sold something for the first time ever on ebay. I have a PayPal account and actually buy things from ebay all of the time. The individual who won my aucton has paid via PayPal. I received the e-mail confirmation from them.

    The only account I have enlisted with PayPal is my VISA debit card that's "hooked up" to my checking account. Is this payment going to go thru automatically? Or is there something I need to do?

    Upon logging into PayPal, the payment comes up automatically. It has a status of "Unclaimed" and there is an option to the right of it advising me to either accept or deny the payment. When I choose the option to accept the payemtn, I get tossed into the next screen which tells me to upgrade my PayPal account to a Premier account. Evidently, I need to do this to accept the credit card payment. This is what it says:

    "The ability to accept credit card funded payments is reserved for Premier and Business accounts. To accept this payment, please upgrade your account now.

    If you upgrade your account, you will receive a range of premium features in addition to the ability to accept unlimited credit card payments. The fees on incoming payments are low - just 2.9% + 30ยข to receive payments. If you deny this payment, you may continue to receive money from PayPal members who use a bank account or their PayPal balance to fund the payment. To continue to receive payments for free, make sure that the people who pay you fund their payments with their PayPal balance or with a bank account."

    I'm really unsure what to do. How am I supposed to know which type of account this individual has issued payment against.

    Scott.
     
  2. Mike Lenthol

    Mike Lenthol Second Unit

    Joined:
    Jul 28, 2000
    Messages:
    322
    Likes Received:
    0
    In short: he used a credit card (not safe for you), your only option is to upgrade to premier to accept it, then withdraw funds either with a snail mail check from them (going to cost you) or add your checking account to their system, then they'll do a direct deposit for free.
     
  3. Malcolm R

    Malcolm R Executive Producer

    Joined:
    Feb 8, 2002
    Messages:
    12,951
    Likes Received:
    707
    Real Name:
    Malcolm
    If you want to accept credit card payments, you have to upgrade to "Premier" status, for which Paypal will charge you a small fee (percentage of the payment processed).

    If you deny the payment, you will have to tell your buyer that you cannot accept credit card payments. The buyer will have to then either process a direct debit from their bank account via Paypal, or process a manual payment to you (check, money order, or cash).

    Of course, if you've already sent the item to the buyer, you have little choice except to upgrade your Paypal account and accept the credit card payment, less the processing fee, or deny the payment and hope you can get the buyer to re-pay in a different form after the fact.
     
  4. Scott Wong

    Scott Wong Second Unit

    Joined:
    Oct 30, 1999
    Messages:
    421
    Likes Received:
    0
    I went ahead and simply accepted the payment. I chose "accept" and the status now shows as being completed. With that said, will the paymnt (less fees) automatically show up in my checking account? Again, the only account I have on file with PayPal is my Visa debit card account number.

    Thanks for the info....

    Scott.
     
  5. Malcolm R

    Malcolm R Executive Producer

    Joined:
    Feb 8, 2002
    Messages:
    12,951
    Likes Received:
    707
    Real Name:
    Malcolm
     
  6. Matt DeVillier

    Matt DeVillier Supporting Actor

    Joined:
    Sep 3, 1999
    Messages:
    773
    Likes Received:
    0
    Scott,

    no, the amount will stay in your paypal account until you manually move it to your bank account (which you must set up with Paypal - having the check card associated with it is not enough)
     
  7. Scott Wong

    Scott Wong Second Unit

    Joined:
    Oct 30, 1999
    Messages:
    421
    Likes Received:
    0
    Dang. Seems like a lot of hoops to jump through just to get this PayPal payment. Perhaps next time I need to specify in my auction "No Credit Cards via PayPal". I honestly had no idea. I assumed PayPal payments were just that... I didn't know they didn't like Credit Cards.

    Is there really a way I could end up getting screwed by all of this? Is it better to specify this in future auctions? Or does it not matter now that I've initiated the "verification process" at PayPal?

    Scott.
     
  8. Ryan Wright

    Ryan Wright Screenwriter

    Joined:
    Jul 30, 2000
    Messages:
    1,875
    Likes Received:
    0
     

Share This Page