no transaction fees...no lump escrows...
they just charge the card when you submit a payment.
They get paid 1% by the CC companies
from their generic 3% most cards cost the company
willing to accept them.
I've sold (received) and bought (sent) payments on EBay
via Paypal and have never paid a cent for their service.
...nor have I ever even become a 'verified' user.
Paul Tegler ptegler@cablespeed.com
www.teglerizer.com
----- Original Message -----
From: "Nolan Penney" <npenney@erols.com>
To: "Howard Baugues" <bauguesh@abcs.com>
Cc: "Bradley D Richardson" <bradrichardson@juno.com>;
<CraigS@iewc.com>; <npenney@mde.state.md.us>;
<spitfires@autox.team.net>
Sent: Thursday, February 22, 2001 9:24 PM
Subject: Re: Contact Request
>
> Really? I remember reading their web page and it
discussed taking lumps of cash (or
> credit) and making money on the interest, which was how
they kept it fee free. Did
> they change and now charge a transaction fee? I was never
willing to tie up the
> money with them which was why I never used them.
>
> Howard Baugues wrote:
>
> > Nolan,
> > I use Paypal and they do not take a lump sum and escrow
it. They bill my credit
> > card each time I make a purchase, if I have no money in
their account. It does
> > show up on my statement as a payment to Paypal, but only
at the time of the
> > transaction, not before. If someone pays you through
Paypal you can leave it in
> > Paypals bank account to use later, or you can opt to
have it direct deposited or
> > sent to you via a bank check.
> > Paypal does give you the ability to note that this is a
payment for auction
> > items, including the ebay item number and what the item
description is. I have
> > never had to ask for a refund or deny a payment so I
can't say as to what steps
> > they are willing to take.
> >
> > Howard Baugues
> >
> > Nolan Penney wrote:
> >
> > > You talking about the latest, billpoint? You've got
no credit card
> > > protection whatsoever using that. The credit card
charge is to billpoint,
> > > not the seller. The web page describing their user
agreement is here.
> > > http://www.billpoint.com/policies/user-agreement.html
> > >
> > > The most significant paragraph from that web page is
this though:
> > > We have no control over the
quantity, quality,
> > > genuineness, safety or
legality of the items listed;
> > > the
> > > completeness, truth or
accuracy of the item
> > > listings;
> > > the ability of sellers to
sell items; or the ability
> > > of
> > > buyers to buy items. We
cannot ensure that a seller
> > > or
> > > buyer will actually complete
a transaction. We are
> > > not
> > > a guarantor of any
transaction nor are we an escrow
> > > company. Please note that
there are also risks of
> > > dealing with underage persons
or people acting
> > > under false pretense.
> > >
> > > E-bay has no escrow account or service. There is one
through Tradenable that
> > > e-bay advertises. Costs a minimum of $2.50 per
transaction. Payment of
> > > this, and all other fees, are acceptable from either
the seller or buyer, but
> > > the buyer is the one ultimately responsible for the
fees. The seller is
> > > under no obligation to participate in an escrow sale.
> > >
> > > Paypal is also a third party. You sign up with them,
and they take say $100
> > > from your credit card and put it into essentially an
escrow account. Your
> > > credit card statement simply shows the $100 charge to
Paypal. Then, when you
> > > make purchases, if the seller is willing, you can do
it through the money of
> > > yours that Paypal has already pulled from your credit
card. It could have
> > > been months ago that they pulled the money. If the
product doesn't arrive,
> > > or arrives broken or such, you get to argue through
Paypal, not your credit
> > > card. So you the buyer are again left flapping in the
breeze. I haven't
> > > seem them advertised on e-bay for a little while
though.
> > >
> > > Bradley D Richardson wrote:
> > >
> > > > Hey, simply use e-bay's ability (or who ever it is)
to pay for any
> > > > purchases with your credit card. Then if you don't
get the product,
> > > > simply dispute the line item on your statement.
Also, doesn't e-bay have
> > > > something where you send them the money directly,
they hold it, notify
> > > > the seller, and when you tell e-bay you've got the
product, they send the
> > > > money to the seller?
> >
> > --
> >
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++
> > mailto:bauguesh@abcs.com
> >
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++
> > Spitfire site -
http://www.geocities.com/bauguesh/spitfirepage.html
> >
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++
> > Water Gardening site - http://users.abcs.com/bauguesh/
> >
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++
> > My Spitfire is not leaking oil, it's just marking it's
spot..........
> >
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++
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