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 Replies: 19 / Views: 6,080 |
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Valued Member
United States
327 Posts |
In 99% of transactions, I have no money in my paypal account and I use a credit card to pay. Why wouldn't I? Especially for those with travel points,etc. But I began to wonder about buying coins from members here at CC? Are they charged when I use a credit card? Is there a written or unwritten rule about how to use paypal account when buying coins from a coin community member?
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Moderator
 United States
56855 Posts |
Most members would prefer pay pal over a credit card and you would chose gift in pay pal as your choice,i think. That way no one is charged by pay pal.This is the method I would use if I sold something to a CCF member.
John1 
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Pillar of the Community
3660 Posts |
You betcha johnstac, the fee is always there. Paypal is not a charity organization. Normally the seller pays the fee, but when the 'gift' option is chosen, the buyer pays it rather than the seller.
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Pillar of the Community
United States
7123 Posts |
As for myself, I always use instant transfer from my bank account even when using pay pal gift as an option.
there is no actual spoken or unspoken rule as far as I know , its just a choice and I like to know that there will never be a hitch when I pay a seller here or anywhere else.
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Pillar of the Community
United States
2049 Posts |
Quote:
You betcha johnstac, the fee is always there. Paypal is not a charity organization. Normally the seller pays the fee, but when the 'gift' option is chosen, the buyer pays it rather than the seller. Good point. Paypal is a business and needs to make a profit just like any other business. As far as the gift option, buyers need to be prudent when using this method. I ran into a snag when a particular seller here on CCF didnt ship the products. He had required "gift" as the payment options to avoid fees on his end. I don't have a problem with that, but when the products werent delivered, Paypal pretty much told me too bad. I fought with them for weeks with no recourse, so those that think they're 100% covered may be in a for a rude awakening. |
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Locked
822 Posts |
Quote:
Normally the seller pays the fee, but when the 'gift' option is chosen, the buyer pays it rather than the seller. Not here, when I use gift no one pays fees. |
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Pillar of the Community
United Kingdom
1682 Posts |
Most of my have been gifts so that the seller does not have to pay any fees unless they have already added in the fees as part of the price.
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Bedrock of the Community
United States
20753 Posts |
I seldom purchase items over the internet but in the past I have and used a personal check. Now here though. On another web site for Imperial autos I've contacted other members for parts for one of my cars. In several instances I simply sent a personal check, trusting members of that forum, and with no problems. In most instances if in other states they told me to wait for the check to clear and since dealing with a car that seldom is used, no problem in waiting a few weeks.
Not sure about this forum but if I was interested in purchasing something from a member I'd simply make the same suggestion. If denied, no big thing, I'd just forget that transaction.
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Valued Member
United States
270 Posts |
I take a personal check with a hold, money order or Paypal "Gift". So far have not had a problem. Most people a good people and a lot of good people are on this site.
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Pillar of the Community
United States
1406 Posts |
If you pay with the paypal gift option it is free to the seller and the buyer, except when the buyer has no money in his account. So in the case presented originally the buyer will get charged a fee useing paypal gift if he uses his credit card to pay through paypal.
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Locked
822 Posts |
That could indeed be consistent with my situation. I have always used Paypal balance for gift transfers.
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Valued Member
 United States
327 Posts |
I have to say that that I'm more confused than before I started this thread. Don't get me wrong. I have used paypal for years when buying retail online. I believe that most retail businesses online accept the fact that they are going to pay a fee, either by paypal or if they accept credit cards, by a credit card servicing company.
The issue is strictly about paying by paypal to coin coin community members. Here are some of the facts that I am aware of:
If a seller asks me to use the gift option and I agree to it, a box is then displayed asking whether I want to accept the charge or let the seller pay for it.
IMO, this is a lose, lose for the buyer. First, and most importantly, the buyer loses all protection from Paypal in the event something goes wrong. Secondly, the box displaying on my end of the transaction causes me to assume that the seller does not want to accept those charges.
My understanding is that in cases where the charges are not specifically dealt with prior, than the seller should take responsibility for those charges.
There is one area where I am not clear on and that's in regards to the impact of whether the buyer has actual funds in his paypal account. I do not know if that offsets any charges to either party.
Lastly, and this is strictly my opinion. Unless the buyer has already dealt with the seller on other occasions or can offer a reference or two from coin community, I believe that it is unfair for the seller to even ask to make the transaction a "gift", when it absolutely is not.
I look forward to hearing from more educated people on this topic.
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Pillar of the Community
United States
1534 Posts |
Gifting does not require a fee on the part of the buyer or seller. Also, it can still be free if the buyer has money in the bank account they have linked to the Paypal account, even if the Paypal account is empty. If you don't trust the seller than don't use the Gift option.
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Moderator
United States
16677 Posts |
I use and accept the gift option.
swcoin.ecrater.com
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Pillar of the Community
United States
920 Posts |
It was surprising to me that Paypal doesn't seem to have an issue with gifting when in many cases it's actually a transaction.
I just did my first payment with the gift option and the funds were deducted from my bank account and no fee was charged.
As others have stated you have no protection if the goods aren't received.
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Bedrock of the Community
United States
12437 Posts |
A "gift" transaction with a credit card will incur a PP charge for the buyer but there is no fee for anyone if the buyer links the purchase to a bank account or uses a PayPal account balance instead of a credit card. The main drawback of the "gift" is that there is no PayPal protection since it is supposed to be a gift and not a retail transaction in their eyes.
As for sales on the forum, I have a number of people buy with the gift option while others use the regular payment method. For small dollar items(<$10), the gift method is the best since you otherwise lose so much off the top in fees but I do not mind paying the fees and consider it part of the cost of doing business. I do not require forum buyers to use one method or the other, it is strictly up to them, but the fee-based transaction works nicely for high dollar items or large shipments since it allows you the option of printing out your own shipping labels with DC and insurance. Sometimes, the cost of the fee more than makes up for the hassle of having to go to a Post Office to get DC or insurance(electronic DC is also cheaper than purchasing it at a Post Office).
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Replies: 19 / Views: 6,080 |
Posted 07/24/2010 08:22 am
