O/T ebay Paypal question

[Leon]

Does anyone know if I am allowed to say that I take only Paypal E-checks for an item I sell on ebay, in my listing? This would be in the vintage card category...I looked on payment options and it didn't say yea or nay.....

[makersmarkambassador]

I don't normally take e-checks so I am not for sure, but would eBay care if you do? As long as you take paypal, would they really care.

Unless there is no fee for e-checks...

[timzcardz]

No, you are required to accept card funded payments.


http://pages.ebay.com/help/policies/...-payments.html

Sellers who offer PayPal as a payment option in their eBay listings (either via logos or through text in the item description) must accept card funded payments.

Listings Not Allowed:

“I accept PayPal but do not accept credit card payments through PayPal”

[Leon]

That's not quite what I meant. Honestly I might want to sell a few things before our next auction to raise money but don't care for the high Paypal rates. Taking a Paypal e-check is only $5....though I know I have to wait for the money, which is fine. I wonder if I could put "Paypal E-check preferred"?

[danmckee]

e checks are great cause there is no paypal fee except $5 1 time charge no matter how large the item! I say go for it, great idea Leon, Dan.

[makersmarkambassador]

I think there is an option to only accept e-checks. Maybe not...

[timzcardz]

Originally Posted by Leon

I wonder if I could put "Paypal E-check preferred"?

I don't think that there is any policy that prohibits making such a statement in the listing, however, by policy the buyer must still have the option to pay via a credit card.

There is a limit, I think $10K, at which point PayPal may require that a buyer pay via echeck rather than credit card.

Particularly with higher priced items the credit card does provide the buyer an additonal layer of protection/recourse, and therefor comfort in use. In contrast it does provide the seller with higher fees and angst.

[botn]

There used to be a filter in the Paypal profile section to exclude payments made by credit card but now in the overly friendly buyer environment, that ebay is fostering, that is not a possibility.

[egbeachley]

I email Paypal customer service about the $5.00 echeck fee a few months ago. They said it was no longer an option. Same rates as the regular Paypal. Was that wrong?

[Leon]

Originally Posted by egbeachley

I email Paypal customer service about the $5.00 echeck fee a few months ago. They said it was no longer an option. Same rates as the regular Paypal. Was that wrong?

Not quite:

"Fees for receiving eCheck payments will not exceed $5.00 USD per transaction"


There is still an e-check option (as above) that is only $5 for business or premier accounts. With enough (not really a whole lot) of transactions you automatically become "premier", I believe. I know I never did anything and got premier status...

https://www.paypal.com/us/cgi-bin/we...g-fees-outside

[DJR]

.

[Leon]

Originally Posted by DJR

I can no longer think of a reason for a buyer or seller use the eCheck option. I wonder how long until the gift option will be taken away next? According to TOSback.org, Paypal has changed the user agreement 172 times since June 10, 2009. (not including this change).

Amendment to the PayPal User Agreement
Effective Date: Jul 12, 2011

Purchase Payment Fee cap for Sellers who receive eCheck payments. If you are a Seller, your Purchase Payment Fees are set out in Section 8 (Fees). Currently, your Purchase Payment Fee for eCheck-funded payments is capped at a maximum of $5.00. After the effective date listed above, this $5.00 cap will no longer be applied. Your Fee for receiving eCheck-funded payments will continue to be calculated according to the rates set out in Section 8.

Wow, that really sucks.....

[LanceRoten]

both staggering and disturbing that the user agreement has been changed 172 times in two years. constantly making up new rules and creating a new moving target. bad business.