Buying M6 using paypal

[chowpi]

Dear all,
Do you guy know that if it is true that you can wave the 3% paypal fee if you send the money as a gift? Many thanks.

 

[colyn]

If you are buying and send the money to the seller as a gift you lose any buyer protection if the deal goes bad..

You also lose seller protection if you are the seller..

 

[Pickett Wilson]

Yeah, just pony up the 3 percent and save yourself a potential headache. Seriously.

 

[david.elliott]

Also, buying goods and claiming that the payment is a gift is not exactly being honest.

 

[MartinP]

All the above plus, of course, the word is 'waive' not 'wave' 😉

Also wonder if you can't trust the person enough to do a bank-transfer then why trust them at all ? On the other hand, that 3% can actually be cheaper than currency-exchange fees and bank-charges, if your Paypal account is in the right currency and your 'real' bank account is in the wrong one ! Not to mention quicker too . . .

 

[coelacanth]

On top of that, strictly speaking, seller is not supposed to be asking buyers to cover the fee. (paypal's term) The fee should be inclusive in the price of the item.

Pay as "for goods" with confirmed address, and from credit card fund if possible for maximum protection.

 

[colyn]

The fee should be inclusive in the price of the item..

If it is an eBay auction adding the fee on top of the final auction price is a violation of paypal rules.

When selling such as in the forum classifieds you should add the fee to your asking price without noting the fee.

If you ask a particular price and say "buyers must include 3% to cover paypal fees" you are also violating paypal rules.

 

[35mmdelux]

I have a few hundred trades under my belt and only ripped off once. My advise: follow the rules, take no short cuts, and CYA.

 

[coelacanth]

If it is an eBay auction adding the fee on top of the final auction price is a violation of paypal rules.

When selling such as in the forum classifieds you should add the fee to your asking price without noting the fee.

If you ask a particular price and say "buyers must include 3% to cover paypal fees" you are also violating paypal rules.

Yup. Thanks Colyn for clarification. I stopped asking for covering the fee when I learned this a while back.

OP, again, all rule stuff aside, "gifting" payment for goods is unsafe to both buyer and seller.

 

[ampguy]

yup

yup

best advice on this thread so far.

I have a few hundred trades under my belt and only ripped off once. My advise: follow the rules, take no short cuts, and CYA.

 

[chowpi]

Many thank. The reason I asked is because I don't know that if transaction out of ebay is still under the protection clause. I thought since there is no protection that it's just the same if sending money as a gift. So there is still seller/buyer protection for non-ebay item? tks.

 

[gilpen123]

I didn't know you can not ask the buyer to cover for the fees even if you advertise as such. Anyway, shipping/insurance cost is just right to ask? I don't want to violate any paypal rules as well.

 

[coelacanth]

I didn't know you can not ask the buyer to cover for the fees even if you advertise as such. Anyway, shipping/insurance cost is just right to ask? I don't want to violate any paypal rules as well.

Asking shipping/insurance is totally fine, although you should put insurance as mandatory no matter which party pays for it for your own safety. And don't forget to use trackable method. In addition to that, Paypal requires signature confirmation for items over $250 in value otherwise you won't have seller protection if the buyer claims he/she didn't received the package.

I didn't know about the fee rule, but I stopped it when I found out. Now when I sale something here, I always say the the price is inclusive of Paypal fee. Of course you can price the item considering how much you "lose" by paying the fee. There is nothing wrong with it. Inclusieve pricing is easier for buyers point of view, too. And Paypal always favor the buyer's safety. As seller, I don't want to violate any of their terms and risk losing the small protection we've got to start with.

 

[enasniearth]

eBay

eBay

eBay changed the rules a while back
Sellers can not require buyers to buy insurance on shipping
It is the sellers responsibility .
Saying that you can include it in the quoted shipping /handling
Figure , just no mention of insurance on ebay .
Cripes - they get 9% of the auction hammer fee , 2.9%-3.9% for
Paypal , plus listing fees . It adds up quick . At least 12% a lot more
For most items .

The personal payment is is great idea among, friends or someone
You have dealt with before , and have a working relationship with.
I would never use it out of ebay for an ebay item that did not sell or
The seller offered it out of ebay .after they cancelled the ad or in a back street offer behind the ebay office shed .
Paypal only protects you when you can send the money with the fee deducted. A personal payment has no recourse .
I am always happy to receive them from friends I have dealt with before,
Or send them to others I have a trust with .

 

[user237428934]

Many thank. The reason I asked is because I don't know that if transaction out of ebay is still under the protection clause. I thought since there is no protection that it's just the same if sending money as a gift. So there is still seller/buyer protection for non-ebay item? tks.

If I understand you right than you are talking about a sale outside of ebay and paying via paypal. Then you don't have any protection because paypal protection is only valid with ebay.

 

[Frontman]

I do a lot of selling online, and Paypal has been entirely safe in my experience. Never buy something using the "gift" option, as others have said, you lose buyer protection when do you so. Paypal does charge 3 percent, but if I use my Amex card through Paypal, Paypal ends up having to pay that 3% back to Amex, so they don't make that much money on the fees. eBay on the other hand has multiple fees, of which the 3% is a very minor part.

For those who charge an additional 3% when you sell items outside eBay, it is still a violation of the user agreement. Though it seldom happens, a buyer can complain about the extra fee, and if he includes a copy of your ad along with the invoice for his payment, you are likely to end up with a hold on your account until you sort things out with Paypal. It's best to figure in the 3% into your sale price and not mention it separately.

 

[Ronald M]

I send gifts all the time with Paypal. Love it. No trips to the bank at either end, no lost checks.

But they are in fact gifts, not disguised purchases.

 

[ampguy]

no

no

check the 2nd bullet under 13.1 here:

https://cms.paypal.com/us/cgi-bin/m...nt_ID=ua/BuyerProtComp_full&locale.x=en_US#13. Protection for Buyers.

If I understand you right than you are talking about a sale outside of ebay and paying via paypal. Then you don't have any protection because paypal protection is only valid with ebay.

 

[user237428934]

check the 2nd bullet under 13.1 here:

https://cms.paypal.com/us/cgi-bin/m...nt_ID=ua/BuyerProtComp_full&locale.x=en_US#13. Protection for Buyers.

Oh yes. This written in a way that I believe no one ever got money back. Ebay offers a similar service if you didn't pay with paypal but the only thing they do is forwarding a complaint to the other party.