Paypal

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excelbob

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exMember
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Is there any possibility that Boatfix would entertain the option of using PAYPAL for purchases??
I find this option easy and fast and like knowing that I have already paid for my purchase.
PLUS you could hand deliver my orders and get an ice cold Kalik.
Thanks in advance
Bahama Bob
 
quote:
Is there any possibility that Boatfix would entertain the option of using PAYPAL for purchases?? I find this option easy and fast and like knowing that I have already paid for my purchase.
Click to expand...
Me 2.
 
Awhile ago, BF set up Google Checkout which seems a lot like PayPal. There was a promotion that went with the announcement and I was able to save an extra $10. Yet the last thing most of us want is another account, more IDs more passwords...
 
PP charges 2.9 as along time user from me. My CC processor gets 2.10+++ depending upon card type, complete buyer info, manually entered v. swiped and every subterfuge you can imagine bump up their 'discount' rate. Amex nicks me for 3.25 at the terminal and even more for phone orders. And my average ticket is $1100+ so I'm a preferred seller.

PP almost looks like a bargain these days.
 
BE has always taken my Credit Card in a secure way. No need for any other expense or set of rules.
 
Where I buy my fishing reels from takes Paypal, but he said he would rather not due to the fees charged. He would rather wait for a check, unless the customer wants it now.
 
WOW! I did not realize that Credit Card charges to the seller had gone up so much.

When I left business 11 years ago I was paying just under 1% to Visa and Master Card. I was not a large user as most of my business was cash customers. (The first 14 years I was in business I did not even take credit cards.) I was generating less than $20K per month in credit card charges.

George
 
I just transfer funds from my checking account to my Paypal account...it takes 30 seconds and keep a running balance for purchases as needed.
Paypal charges me NOTHING ZERO NADA and my money is deposited in the account of the person from whom I am buying. I beleive its instant and the transaction is complete. No monthly bill for me and its paid.
Perhaps I am being selfish...it appears that if you are doing business on Ebay it is the prefered method of payment AND Paypal stands behind the sale.
I DO NOT know how much Paypal charges the person doing the selling.
I only want to give money to the Captain and help build his sales.
Bahama Bob
 
rates vary depending on the type of product you are selling as well as your volume. Paypal is not much more expensive for the merchant, especially for smaller businesses. It also relieves the merchant of any fraud liability since the CC nrs are kept by paypal. also, when comparing apples to apples, make sure you take all the fees into account... CC processors are very creative in making up special fees that jsut pop up on your merchant statement.

One issue with paypal though, is that some banks consider paypal to be a CASH ADVANCE and may charge interest and add a cash advance fee,at least on some transactions... HSBC is one of them.
 
Pascal, for that same reason(no CC info need it) I buy online with paypal only unless there is no merchant/store/retailer that dont accept paypal. Also, allow me to pay with an instant money transfer from my personal or business checking account. Its safer for the buyer and the seller.
 
quote:
Originally posted by OLD HOUSEBOATER

I prefer PP for all online transactions.

Click to expand...


I agree that PP is probably safer from the viewpoint that somebody cannot steal your credit card information and make charges. (I recently had that happen when someone charged $954 at Sears to my American Express(AM). AM caught it immediately and telephoned and emailed me. Sent me a new card by next day mail.)

On the other hand I am in no hurry to see the funds leave my bank account. Little though it be those funds are still earning interest. Why would you want instant payment? I do not own a debit card for the same reason. Why should I use my money when I can use someone else's? I participate in all the little extras that the CC companies offer: 1%back, air miles, etc.

In my book every little bit counts. Of course you have to be sure that you pay off all cards at the end of each pay period.

G
 
My PayPal account is tied to a credit card that is treated as a regular charge, not a cash advance. This gives me up to another month of the use of my money. Although, whenever I use PayPal, I get a message that they want me to add bank account info, but I never do.

As additional security, if you have a credit card that is processed by Bank of America, they have a feature called ShopSafe. You can go online and generate a card number on which you set the limit and the expiration date of the number. This number can only be used by the first vendor to charge. Anyone else tries to use that number and the charge will not go through. The charges appear normally on my monthly statement. I have a separate number set up for PayPal, Amazon, my storage unit, etc. Basically any vendor where I have recurring charges, I establish a separate number. You can go online and increase spending limits and extend the expiration as necessary.
 
My normal Pay Pal transaction goes directly to my bank account. On high value transactions I invoke the credit card charge option. This gives me the added protection that the credit card provides against fraud. This has saved me twice, on a $300 camera and a $400 computer.
 
All those anting to use Pay Pal, should read the related thread in NBR.
 
PayPal HAS DISADVANTAGES/RISKS FOR BUYERS!!!

I purchased a $120 widget on line, the VENDOR did not ship the item. The item was paid using PayPal with a direct withdrawal from my bank account. If my purchase was made using my CC, the CC company would have made good the loss I sufffered from not receiving the purchased item. The company I purchased the item from would not respond to my emails or phone calls.

NOT PAYPAL! I filed a claim with PP and after about 6 weeks they found in my favor. PayPal agreed to refund my money IF THEY COLLECTED IT FROM THE VENDOR and of course, they never collected it. There was a law suit against PP by others who suffered the same experience. I believe the ruling was against PP but I to my knowlege their policy is the same as it was prior to the lawsuit.

Yes. PP will stand besides purchases made on Ebay but Ebay owns PayPal. And at one time, they didn't even stand behind ALL Ebay purchases.

I continue to us PayPal but ONLY and I do mean ONLY when I consider the vendor risk to be small.

Foggy
 
My paypal account is tied to my personal amex, business amex, two visas, personal checking account and business checking account. At time of payment I decide wich funds I will use.

Gcolton, most of the time I use my amex for points but sometimes merchants dont accept CC and I use my checking account. Now, someone that have their cc max out dont have any limit if they have the money at the checking account or just they dont want to pay interest... Whatever... My point is for some individuals, like me, I rather pay with PP, period. The merchant do not pay any monthly charges, just the sales one, so there is no investment on the contrary it will attract customers.
 
There's too much fraud associated with PayPal - there's a post in NBR about this very problem from one of our members. In many cases, vendors who only accept PayPal are those that can't get real credit card accounts. Edgar, the fees for the use of PayPal are higher than Visa or MC.
 
Thank you Les for your response and to the other responders I truly appreciate your thoughts, wisdom, and present and past situations.
Isn't is great to be able to discuss with others the pros and cons.
Thanks Bahama Bob
 
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