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| Payment via PP E-Check vs regular PP payment? https://www.breitlingsource.com/phpBB2/viewtopic.php?f=6&t=14543 |
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| Author: | Legmaker72 [ Fri Nov 27, 2009 12:23 pm ] |
| Post subject: | Payment via PP E-Check vs regular PP payment? |
Hey guys, I've used PP to pay and sell before...Linked to my CC for payment and Bank Account for receiving payment. Someone offered recently to pay via PP Echeck...I'm not familiar with this and wondered if there were any added risks, hassles, pros and cons etc.... I appreciate your help! Thanks Chris |
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| Author: | Mofongo [ Fri Nov 27, 2009 9:52 pm ] |
| Post subject: | Re: Payment via PP E-Check vs regular PP payment? |
I spent quite a bit of time reading through the fine print at PayPal (and they are making it increasingly difficulty to even find the fine print...I don't like that trend at all). I don't remember noticing any difference between the payment methods as far as PayPal policies are concerned. There is a significant cost savings for the seller if the buyer uses echeck. However, one thing you should be aware of is that if you are a buyer and you purchase something outside of Ebay, you are not protected if the item is "significantly not as described" ("SNAD"). The seller can send you a rock, and you have no recourse with PayPal. If you paid with echeck, you can't even hold credit card payment. Consequently, be skeptical if a seller wants you to pay with echeck outside of Ebay. As a seller, though, I don't see any downside. A few months ago I used Escrow.com for a transaction outside of Ebay, and it worked really well, and was a lot safer. Fees were comparable to PayPal. Using a bank wire with Escrow.com was comparable in cost to PayPal echeck and paying with credit card was comparable to PayPal credit card fees. ///M |
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