Well I hate paypal too because of there charge back and more over the high fee. I am soon gonna start bloggin against them.
Yes, they have some fees, but they wouldnt exist if there werent charges and fees. If someone doesnt like them he simply shouldnt use paypal.
Here is my question to you all: Paypal makes money from buying and selling of good. Regardless of what you are selling, it is the person who is receiving the money who get charged the most fee for that sale. I am fine with that aspect. Hence it is safe to say that sellers are the one that make Paypal money..correct? Why not work with vendors making you the bulk of your income?? Makes solid business sense...expect in case of Paypal that is rarely the case. I can understand charge backs to a limit, but when a customer says they got the good and they still send the money back with a claim sorry money sent back we cannot do anything now. They "claim" that they will try to fight charge backs. How many times has this really happened?? % wise. Bottom line is that they DO NOT care for vendors that make them money and if it was not an eBay owned company they will be no where. By the way read their TOS and you will be shocked to know how many US banking rules they do circumvent in that TOS. Buyers and sellers beware when using Paypal, they will take you for a ride sooner or later. It is just a matter or time how expensive of a ride it will be for you. It is a good idea and a great system ( when it works right ) but has too many holes in for people to slip out of. Why would you trust your bank info or credit cards to a system like this?? Thanks
Paypal favours neither the vendor nor the buyer - it's the Credit Card companies that they won't argue with. I've been a victim of a chargeback case too - a customer bought a load of stuff, had it delivered, when they got their credit card statement they disputed that they'd authorised the payment. I sent all the necessary info to Paypal, but the problem wasn't really with them - it was with the Credit Card co of the buyer, who allowed him to just renege on a payment, on his say-so without any input from me. By the time Paypal contacted me, the Credit Card company had already decided to give their customer his money back, which they took from Paypal, which Paypal took from me. But I did learn some lessons from it, I've been a lot more vigilant in getting confirmations from customers, chasing up that delivery has been signed for, that sort of thing. The old maxim of Buyer Beware also applies to Sellers - Sellers Beware, you have to do your own checking wherever possible, and if you suspect a customer isn't on the level - just don't do business with him.
Why not just go to the bank and get a merchant account? Run your business like a business. Nobody is forced to use Paypal.
Because the cost of getting a merchant account that would allow me to use at least 3 currencies, as I do with Paypal, is at this point in time, not cost effective. I never said I was forced to use Paypal, I said I use Paypal, am aware of their limitations, and make myself responsible for doing my own checking whenever possible.
What should we do with paypal? They refunded $650 from my account also. Also they have limited my account and they need ID card, driving license, and bank statement and utility bill. I have send them utility bill for 4 times and bank statement for 3 times. But they do not accept that statement! They say send bank statement again, we do not accept that one. I DO NOT know why!!
Nobody is forced to use it, but when 80% of people are, you are almost forced to use it. I think I will look into moneybookers for now, the charge back feature has screwed me over long enough. Everyone someone has done it to me I lose, everytime I have charged back, I lost.
It's terrible when they admit to scamming you, and they encourage you to file a claim with paypal. They think they're safe behidn their computer screen, and..well...they are
You're not going to stop chargebacks from occurring by switching payment processors. That is wishful thinking. The chargeback feature is used with most credit cards, and being moneybookers is simply a payment processor, much the same as paypal , your not likely to see a great reduction in chargebacks. If moneybookers didn't protect buyers the same as paypal or any other credit lender, they would soon be out of business. The biggest issue I think you might want to tackle is why people are inclined to seek a refund in the first place? Is there a shipping or manufacturing process that is not working well??
People use moneybookers. Payments via moneybookers are much more secure and prices are reasonable. Besides their "customer service" is much more better.
Well I have been told MB doesn't have a chargeback feature. The reason I charged back was because he never gave me the service he had promised.
Moneybookers may not have a chargeback feature, I have no idea to be sure, However the credit card someone might use to pay for services or products will protect the card holder, over the merchant, most often. Moneybookers would then take the loss which as far as I know is not a winning business plan. I do know I would prefer to do business with the processor that seems the most legitimate, and I would venture to guess Paypal would beat Moneybookers in the FDIC & IRS eyes. I think with any business you have losses and gains, hopefully more of the gains than losses. Some will have their losses in different manners it would seem..... It's one of those things they don't teach you in business school got to roll with the punches and get back up and keep pushing....
Why don't big companies like Microsoft, worldwide banking institution, (Combined credit card companies: Visa, Mastercard, AMEX, JCB etc) and other large corporation like them start their own payment system like Paypal. There has to be enough money to be made between a new payment system, people who refuse to use Paypal, people who cannot use Paypal etc. Again there must be a huge market for this type of payment processing system but why does no other company besides Google try to capture this market's fallout as of yet. Simply frustrating...
Banking Regulations. Just like Paypal Google eventually will need proof of ID, home address, social security number, banking accounts, etc. No bank, credit union or savings & loan in America asks for any less....You cannot open a bank account at a bank without most of the above list. Why does anyone "think" Paypal would not???? Or that Moneybookers won't have to in the future???
Paypal is NOT a bank. Many "branking regulations" are circumvented in their TOS. Read their TOS carefully. They probably update that TOS before you get a chance to review it all . That is how fast they update their TOS to keep circumventing those banking regulations. Thanks
First of all, you have to choice right person for your project. You did a mistake to get the right person. If you take service from a old reliable DP members then it should not be happen to you. PayPal will try to get the fund for you but I guess they will be failed to collect it while seller account was Unverified! Seller don't have any clue to detect him. Btw, have you reported that user ID as fraud to moderator team? DO it ASAP!
I've been there too. What I love is, that when you put a freeze on the scammers account, they don't tell you if there's anything in there until theiir 30 days are up. Just when your hopes are up, they send you a cold email saying they couldn't recover anything. Guess it's more the scammer's fault than theirs that these things happen though. At least there is some protection there, howvere little