Hi Anne,
I wonder if using PayPal really solves the problem.
As a buyer, you can back up your PayPal account to a credit card - not your
bank account.
So thinking out loud, I wonder if a shady individual can create a PayPal
account with a stolen credit card, which gets you back to square one. And
if a buyer is unhappy with a seller, the buyer can put a stop on the credit
card payment to PayPal. As far as I know, you are supposed to go through
PayPal to arbitrate disputes, but if the buyer ignores these rules, the
buyer can still go the stop credit card payment route.
In any event, for those who are worried about giving PayPal/ebay access to
bank accounts - you don't have to go this route. You can create a PayPal
account off of a credit card alone, with no bank information supplied.
Mark
Mark Grossman
Meteorite Manuscripts
Briarcliff Manor, NY 10510
http://meteoritemanuscripts.blogspot.com
http://twitter.com/MetManuscripts
http://www.facebook.com/#!/pages/Meteorite-Manuscripts/152949358073543?v=wall
----- Original Message -----
From: "Anne Black via Meteorite-list" <meteorite-list@meteoritecentral.com>
To: <meteoritem...@gmail.com>; <meteorite-list@meteoritecentral.com>
Sent: Sunday, March 01, 2015 4:36 PM
Subject: Re: [meteorite-list] Notice to eBay Meteorite Sellers
Mike,
I am sorry to disagree with you but if I was still selling on Ebay I would
require buyers to use Paypal. Why? Let me tell you why.
A few years ago, when I was still accepting credit cards, a guy bought
$4000 worth of merchandise, my bank accepted the card, so did the issuing
bank, and told me that I was clear to ship. A few weeks later the $4000
disappeared from my bank account. I called my bank then the other bank,
and ended up having not so friendly discussions with the fraud department
of 3 different banks, and they all said the same thing. A guy with a
stolen credit card number has 2 to 3 weeks to buy up a storm (often on
Ebay!), stuff he can resell quickly on Craiglist (or Ebay!), gather up the
loot and disappear, before the real owner of the card discovers the
problem. By then you find out that the name was fake (since he gave you
the card number in an email you never saw what name was really on the
card), the address was a mail box somewhere. The 3 banks admitted that
stealing meteorites was unusual but the rest was standard procedure, and
no, there was nothing they could/would do about my loss.
So I was out $4000 and the merchandise; since it happened to be
consignment pieces, I also had to paid the owner of those pieces. That is
when I stopped accepting cards. I already had a Paypal account, most
everybody including big institutions (even NASA!) have one too, so now my
preferred form of payment is Paypal. And no I have never had a problem
with Paypal.
I made that decision a few years ago, before Target, Home Depot, and many
others got hacked and millions of credit card numbers got stolen, so the
odds of dealing with a thief with a stolen card are even greater now. And
since I don't want my card numbers to be stolen too, I have retired them,
I pay everything cash or checks (or Paypal on the Net). And it has never
been a problem.
Have I lost sales because of it? not that I know of, even during the
Tucson Show, people are happy to whip out their smart phone and go to
Paypal.
And now you know.
Anne M. Black
www.IMPACTIKA.com
impact...@aol.com
-----Original Message-----
From: Galactic Stone & Ironworks via Meteorite-list
<meteorite-list@meteoritecentral.com>
To: Meteorite List <meteorite-list@meteoritecentral.com>
Sent: Sat, Feb 28, 2015 6:50 pm
Subject: [meteorite-list] Notice to eBay Meteorite Sellers
Hi Folks,
I have noticed a new trend with meteorite dealers on eBay.
Two
different dealers have done this that I know of, and there may
be
others.
What I am referring to is bidder requirements. I tried to place
a bid
on two different specimens from two different dealers and both
times
eBay stopped me and said I could not bid because my PayPal account
is
not "linked" to eBay.
I think eBay is a hell for sellers and I loathe the
eBay boardroom. I
do not want those greedy bastards having any more access to
my
financial information that is necessary. So I refuse to link my
PayPal
account to eBay. I know this is somewhat silly since both
companies are
intimately linked, but I do not want eBay having it's
hooks any deeper into my
pocketbook than necessary.
I am sure there are other eBay members who feel
the same. If you are
a seller who has set this requirment, you are losing
sales. You just
lost one right now. I could have bid your items up, but I was
not
allowed to place a bid. It's not my loss, I will always find the
specimen
I want eventually, either off eBay entirely, or from another
seller without
those requirements.
My money is just as green as anyone else's and it spends
just the
same. If you have this requirement set on your eBay auctions,
then
you are losing money.
Just a heads-up. Do with it what you want.
;)
Best regards,
MikeG
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