Noob questions

[butchie_t]

Can someone explain PayPal F&F to me? Who pays the fees in a transaction? Is it an unwritten rule that the buyer does or what?

Do you all keep an account in PayPal for this or do you get money sent to you after the transaction?

I tried reading the PayPal rules on it and I come out more confused than I went in.

And I see people using TPG(s) as if everyone knows what that means, so here is another noob question, what does it stand for?

Thanks in advance.

Cheers,

[jb217676]

Paypal F&F the buyer pays the fees on a transaction

(T)hird (P)arty (G)rader

[butchie_t]

I tried a number of words and those never got there. How embarrassing.

Thanks,

[jb217676]

No worries, glad to help!
Jeff

[vintagetoppsguy]

PayPal Friends and Family - just something to think about, but as a buyer you have no buyer protection as you do with regular PayPal. If you send someone PP F&F for a purchase and that purchase does not arrive, arrives damaged, wasn't as described, etc., then you have no recourse with PP. As far as PP is concerned, it was a gift payment to a friend or family member. If you're uncomfortable sending a seller PP F&F for a purchase, you can always offer to pay the PP fees and send it regular PP so that you're still afforded the buyer protection. For example, if someone is selling a card for $200 requiring PP F&F, you can offer to pay the 3% PP fees (for a total of $206) and just send the funds regular PP and they still net the same amount. Most sellers shouldn't mind.

The flip side of that is, as a noob here you might find buyers reluctant to send PP F&F if you decide to sell anything. So you might want to request regular PP until you establish yourself.

Good luck.

[butchie_t]

Originally Posted by vintagetoppsguy

PayPal Friends and Family - just something to think about, but as a buyer you have no buyer protection as you do with regular PayPal. If you send someone PP F&F for a purchase and that purchase does not arrive, arrives damaged, wasn't as described, etc., then you have no recourse with PP. As far as PP is concerned, it was a gift payment to a friend or family member. If you're uncomfortable sending a seller PP F&F for a purchase, you can always offer to pay the PP fees and send it regular PP so that you're still afforded the buyer protection. For example, if someone is selling a card for $200 requiring PP F&F, you can offer to pay the 3% PP fees (for a total of $206) and just send the funds regular PP and they still net the same amount. Most sellers shouldn't mind.

The flip side of that is, as a noob here you might find buyers reluctant to send PP F&F if you decide to sell anything. So you might want to request regular PP until you establish yourself.

Good luck.

Excellent advice, thank you for that. /hattip/

[Jim65]

Originally Posted by vintagetoppsguy

PayPal Friends and Family - just something to think about, but as a buyer you have no buyer protection as you do with regular PayPal. If you send someone PP F&F for a purchase and that purchase does not arrive, arrives damaged, wasn't as described, etc., then you have no recourse with PP. As far as PP is concerned, it was a gift payment to a friend or family member. If you're uncomfortable sending a seller PP F&F for a purchase, you can always offer to pay the PP fees and send it regular PP so that you're still afforded the buyer protection. For example, if someone is selling a card for $200 requiring PP F&F, you can offer to pay the 3% PP fees (for a total of $206) and just send the funds regular PP and they still net the same amount. Most sellers shouldn't mind.

The flip side of that is, as a noob here you might find buyers reluctant to send PP F&F if you decide to sell anything. So you might want to request regular PP until you establish yourself.

Good luck.

I go one step further and say a buyer shouldn't pay by PayPal F&F to anyone. Packages get lost or there are disputes about condition, etc. Why give up the protection that PayPal offers just to save a few bucks?