8mm Forum: Paypal through credit card

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Posted by Winbert Hutahaean (Member # 58) on June 29, 2005, 01:20 AM:

I was going to do a payment with paypal, but since a lot of ebayers give a warn "not accept payment through paypal which was funded from a credit card" or something like that. I became worried.

Could someone explain what is the disadvantage if I fund my paypal from my Credit Card for the seller or buyer? Why a lot of sellers mention that warn in Ebay.

Thanks

Posted by peter booth (Member # 242) on June 29, 2005, 08:20 AM:

Hi Winbert,I use Paypal via my credit card all the time,both buying and selling on ebay.As yet(touch wood)I have not encountered any problems.Perhaps some sellers decline to use Paypal so as to avoid the fees Paypal charges them,hope this helps,Peter.

Posted by David Pannell (Member # 300) on June 29, 2005, 09:31 AM:

Hi Winbert,

I echo Peter's sentiments here. No problems ever with PayPal credit card payments in more years than I care to remember.

As Peter suggests, some people have a "bee in their bonnet" about paying the fees, which are only a few percent anyway, but it makes transactions - especially international ones - so much easier, and in my experience is a great aid to selling as well as buying. Some sellers using PayPal ask the purchaser to add a percentage to cover the costs, but others, like myself tend to absorb the fee, which again encourages a potential sale!

Best regards,

Dave.

Posted by Mike Peckham (Member # 16) on June 29, 2005, 02:40 PM:

Yep. I go with everything that's already been said. I use Pay Pal with my credit card and have never had a problem, infact I often won't bid on an item where Pay Pal isn't offered because payment [especially international] can be so toruble some otherwise.

I think it's a bit of a cheek that some sellers charge a percentage to cover Pay Pals fees, afterall, they probably attract more potential bidders when they list Pay Pal as a potential payment method.

Mike [Cool]

Posted by Kevin Faulkner (Member # 6) on June 29, 2005, 04:36 PM:

Well then I have got a cheek (or 2) Mr Peckham [Wink]

Paypal can take money straight from your bank account or via your Visa debit card with a small charge but if you use a Credit card then it's a different matter. Credit card company fees are put on top of the paypal fees and this means you can be quite a few quid down on a large transaction [Frown]

All a bit of a con if you ask me.
If you look at my auctions on eaby I say "If paying by PayPal a 4% surcharge would be apreciated to cover their costs" Thats not mandatory, but it is a help if the buyer does add a little extra.

Kev [Smile]

Posted by Joe Taffis (Member # 4) on June 29, 2005, 04:43 PM:

Sellers are NOT supposed to ask for more money to cover PayPal's 3% fee; although I have paid an additional amount both voluntarily (and not) several times just to ensure my buy, and/or faster delivery of something I bought. That's the whole philosophy behind using PayPal; you agree to absorb the fee when selling for the overall convenience. If you need to get the fee amount back, just add it to your initial sale price.

Posted by Kevin Clark (Member # 211) on June 29, 2005, 04:59 PM:

Evidently it is illegal in the UK (not just a PayPal ruling but applied to any credit card payment service) to charge buyers a fee for using credit or online payment services to pay for goods. As a regular Ebay seller I feel I get higher prices / easier sales by accepting PayPal with no strings attached or surcharges demanded; even the invoice system now seems to have had the 'sellers fees' row removed to ensure no surcharging takes place. I sympathise with Kevin though, or with any seller listing high value items, as surely it cannot take PayPal any longer or cost any more to process a payment whether it is for £1 or £1000 when all they are is an electronic banking middle-man service? By asking for a voluntary 4% contribution towards cost Kevin has struck a good balance between fair trading and the reality of the PayPal / Ebay fees cash cow, but sellers demanding any % of surcharge is definitely not on and would likely deter many prospective purchasers anyway. Interesting to hear that PayPal only [Eek!]

charge 3% to sellers in the USA Joe, sounds like it's rip-off time in Britain as usual!

Posted by Kevin Faulkner (Member # 6) on June 29, 2005, 05:02 PM:

I agree with you Joe but they dont make it clear that they will wallop the credit card company fees on top if credit cards are used. Lets face it most people do use credit cards me included.
In the UK there have even been shops that have stopped using credit cards especially Visa because of their high rates [Frown]

Kev

Posted by Kevin Clark (Member # 211) on June 29, 2005, 05:49 PM:

Kev
I've looked through my last 30 or so PayPal sales and can only find reference to standard charges and no indication of charges for the buyer using a credit card to fund their purchase. My PayPal account is a GB Premier type, is this the same as yours or are you charged CC company charges if you have a Personal account rather than a Premier one? What wording do they use to show credit card company charges have been applied?

Posted by Kevin Faulkner (Member # 6) on June 29, 2005, 06:49 PM:

Hi Kevin, Mine is also a premier account. I have not seen any other indication from them except that on some transaction the amount is higher.
I seem to remember seeing an email from them a very long time a go saying that CC company charges would be passed on. This is the reason why they have been pushing for Direct Debit etc as the costs are lower.

Kev.

Posted by Trevor Adams (Member # 42) on June 29, 2005, 09:41 PM:

Paypal fees are cheaper than bank ones-in NZ.Many sellers insist on the 3% surcharge,I find. Only today a guy in the US told me he wouldn't ship until I made a further deposit....what can one do mid-deal?Pay up of course! [Roll Eyes]

Posted by David Pannell (Member # 300) on June 30, 2005, 06:36 AM:

Having read all the posts on this thread thus far, I am bound to say that I have NEVER been subjected to any charges other than PayPal's. My credit card entries for PayPal must have been construed as "goods" rather than a purely "cash" withdrawal....Am I one of the few lucky ones??????

The solution has to be purely subjective here - either decide to go with Paypal - or not! I don't think anyone can tell someone else what to do here.

Best,

Dave.

Posted by Jan Bister (Member # 332) on June 30, 2005, 07:18 PM:

I'm with Dave here... What credit-card fees? PayPal itself is the only entity that charges me any transaction fees (for receiving payments from others, that is). Hmm. [Confused]

Posted by Mark Todd (Member # 96) on July 01, 2005, 03:17 AM:

I don`t ask for any fees myself, but what does really get me is ebay showing an amount in dollars when say looking at the US site and gives you a conversion, but then paypal give you less per £, very naughty if you ask me. Not least as paypal are ebay now, or at least they should list both the straight coversion and what you will actually pay with paypal once theve snipped abit more off. Grumble grumble and so on.
Best Mark.

Posted by Jan Bister (Member # 332) on July 01, 2005, 06:37 PM:

I don't think that conversion is meant to be highly accurate, anyway, so I always take it with a grain of salt. For one thing, who knows how up-to-date eBay's conversion tables are kept (if you REALLY want it up-to-the-minute, visit the excellent http://www.xe.com ), plus exchange rates actually vary depending on whether you're exchanging TO or FROM a foreign currency. I forget what the term for this is, but again, the aforementioned website provides some very useful explanations on this. [Smile]

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