I have been buying a few designs from EBay. I have always used PayPal before with no problem. This time I was told that I had to link a bank account to my PP account or I couldn't use it (apparently this is only for US residents). I followed their procedure and after 4 days, I was "verified". So now when I try and buy a design, the money is taken from my bank account the same day but the seller doesn't receive it until the "check clears" which can take 1 week! This is an electronic transfer I am describing, not a check. They have access to all that money interest free for 1 week. It reeks of a scam to me. Any others have this experience? I just want to go back to using my credit card... Kirsten
You can, and should, go back to using your credit card. It gives you an additional level of protection against non-performing sellers.
When you have the page to send money and it shows the funding source as your bank account, look just below that for a small link called "More Funding Options" and click on that.
Payment Method: Instant Transfer: $1.00 USD from Your Bank Account XXXXXX Backup Funding Source: Visa XXXX-XXXX-XXXX-XXXX More Funding Options
On the next page it lists your bank account and your credit card. Check the radio button by your credit card and then continue. Don't use the back button. That will change your funding source *for this transaction.* Unfortunately, you have to do this each time.
=========================== Perhaps the 'check clears' message happens for a short time when people very first sign up for bank transfer service. As a seller, when I get the 'check clears' notice I do wait until I know everything went smoothly and payment is absolutely verified. It's usually only a couple of days. Never a whole week.
Since there is a credit card to back up possible oopsies with a checking account transfer, I don't know why there would be a delay at all.
Paypal for the buyer is a free service (i.e. to transfer funds from checking accounts), so I wouldn't mind them getting a penny or two interest for their efforts now and then. Most of the time I keep a balance in my Paypal account so I don't need to fuss when ready to purchase. I do not think there is any scam about their methods.
If you, as a buyer have a problem with a purchase you will find eBay, Paypal and your credit card company will stand behind you and assist you if you would have posted the claim one day earlier than you did.
Paypal will cover disputes for less than 20 days. Their recommended policy is to write Paypal and the vendor upon 10 days past without the goods and the offer expires 10 days later.
Most goods do not even cross the border into Canada in 10 days. For Canadians, Paypal is a scam. I still use it though as I no better, or convenient method.
If you have a dispute the buyer is always at fault and the vendor is always right. Ther emay be a few exceptions. I have been ripped off by vendor many times by them registering a complaint immediately. Account gone and you cannot dispute the claim then.
It is normal for electronic transfer of funds to take time to clear. It all depends on the bank, my particular bank takes 6 days (which is 6 WORKING days) and so it won't clear for over a week. A real pain in the ass, yes.
Your bank card probably expired and you might have forgotten to update the information on Paypal when you received your new card. It is a very easy process...log onto your paypal account and go to the options page. Update your credit card information and select it as your primary source.
???No one said they had a problem with a purchase.
As a seller, you cannot even open a dispute on a non-payment until 7 days AFTER an item is sold. The buyer can also open a dispute against a seller either for non receipt of an item, or for the item being significantly different from what was offered for sale. There are certain time limits, but you would have to check with paypal for specifics.
There is no problem with Canadians using Paypal. I once had a package arrive on my Canadian doorstep a mere 3 days after I made an EBay purchase. (The item came from China, no less). Most US packages arrive in 14 days using USPS ground post.
Not true. It depends on the situation. If the item is not received, it is the sellers fault and the seller is required to refund the funds. If the paypal account does not have the funds, the account is frozen along with their e-bay account until the situation is resolved.
Every time there is a dispute either from the buyer or the seller, the other party ALWAYS has an opportunity to respond to the claim.
Yes, it would appear so but I have had the same bank card for many years. It stated that all US customers had to verify their account with a bank account. I tried and tried to pay with a card. It wouldn't let me. I even called them. I have been on the options page but there was no option to add my card. As far as electronic transfers taking 6 days, that is also the bank getting free use of our money. The money was removed from my account the same day. If I shop at the grocery store and use a debit card, the money is also deducted almost immediately. I understand it is common practice, I am just saying it is unneccesary.
Yes, you are right. The money goes from my account immediately, so someone has it for 6 days. It was very frustrating the first time it happened to me. I missed getting an item in time for a Christmas gift because of it (sigh).
The money is removed from your account tentavely, based upon the funds transfer being successful at both ends. The funds do not end up in the recipients account for a few days (usuallya utility or other bill).
Now, the other end, gets the effective transfer date back tothe original day and gets daily interest on the funds not arrived. When the call you for being "overdue" and claim they didn't have it, Tell them "it's their problem for their arrangement with the bank, not yours". They will always state it is your problem to get fund there on time but you have no way of knowing what service they have arranged with **their** bank.
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