[meteorite-list] A note about the Paypal - personal transaction "exploit"

[Dennis Miller]

Hi all....  I think I will soon test this type of payment.  I won goods recently from a N.Y.er
attempted to pay the correct way buy after he refunded the transfer, he requested that
I use the transfer funds with my paypal account.  After accepting the monies, he vanished.
Pulled the item, no email, and no telephone.  I am working with paypal and ebay, but am 
afraid that since the proper payment was bypassed, I'll be out of luck with their $200
guarantee.  We'll see.  Guess it's best to go by the rules.
Dennis

> Date: Sun, 12 Jul 2009 16:33:47 -0700

> From: mlblood at cox.net

> To: meteoritemike at gmail.com; meteorite-list at meteoritecentral.com

> Subject: Re: [meteorite-list] A note about the Paypal - personal transaction "exploit"

> 

> Hi Mike & all,

> The feeless transfer of $ SHOULD be restricted to loans,

> Gifts, etc. That is what it is intended for and the policies make

> It clear. I send $ to my daughter every month and this just means

> She doesn't have to loose some of the $ I am sending to help with

> Her education.

> If people start abusing this you can be sure it will be removed

> As an option. Most of the problems this country is dealing with are

> The result of our culture becoming amoral - especially where $ is

> Concerned. Sex - I don't consider that a problem, except that people

> Don't always "protect" themselves - so, "amoral" is not a reference

> To sex - it is primarily a reference to MONEY.

> DO NOT try to rip off PayPal. They provide a valuable service

> To the internet community - thereby to the meteorite community, and

> Their fees are not outrageous. (I do think 1.5 to 2% would be more

> Appropriate, but at least they are not like credit cards that look for

> Ways to rip you off every possibly way.

> My 2c 

> Michael

> 

> 

> On 7/12/09 4:14 PM, "Galactic Stone & Ironworks" 

> wrote:

> 

>> Hi List,

>> 

>> Recently there was some discussion the List about a new policy by

>> PayPal allowing people to send money as a "personal gift" instead of

>> the usual commercial transaction - thus skipping the fee. I just

>> wanted to make people aware of an issue regarding this practice. If

>> you send money using this "personal" method, then the transaction is

>> not eligible for PayPal shipping. PayPal figures that since it's a

>> gift or money transfer that is personal, then there is no need to ship

>> a package - so there is no available option to print a shipping label

>> and use PayPal to pay for the postage. This means the seller saves

>> the small fee, but then has to make a trip to the Post Office instead

>> of putting the package in the mailbox on the front porch for the mail

>> carrier to pickup. For the small potatoes people like myself, I don't

>> mind paying the PayPal fees - it's part of the game. Heck, what is 3

>> or 4% of $20 anyway? Now, the bigger dealers who are selling multiple

>> pieces worth hundreds or thousands of dollars each, may take a

>> different view of fees.

>> 

>> Plus, intentionally skirting the fee system by conducting commercial

>> transactions via the personal method is a violation of PayPal's TOS.

>> (Terms of Service) - it can jeopardize your PayPal business or

>> premiere account. So my advice to dealers who are contemplating this

>> method as a means to conduct business is - think again and consider if

>> it's worth risking your PayPal account and having to make extra trips

>> to the post office.

>> 

>> I don't want any particular person to think this is in response to

>> something they said or did. I've had a couple of trading partners

>> recently inquire about this method - thinking they might be doing me a

>> favor by suggesting it. I politely decline - I'd rather pay the

>> modest fee and be able to track the package from my desktop using

>> PayPal shipping. Heck, I don't do enough transactions to be tempted

>> by the idea in the first place. :)

>> 

>> Best regards,

>> 

>> MikeG

>> 

> 

> 

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