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PayPal as a gift payment??
Gsil84 |
Sep 7 2009, 10:25 PM
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MVP
Posts: 2,897
Joined: 8-January 08
From: Galesburg IL
First Name: Brian
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Is this wrong?? I have had alot of people ask me to send payment as a gift.. I have no problem doing it. But Some people are getting a hard time for doing it. But I know I spend money on Shipping and packing the cards. And always give a better deal when not using Paypal.. So Im trying to save people money by taking gift payments. Including myself..If I ever do.
To me Paypal offers me no protection. I have had several deals where Paypal was wrong and still went with the wrong end of the deal..
I have money in my Paypal account and they pay me no interest. So what service are they providing me?? That I'm not paying for??
Just like to know that other people think.. Thanks..
TCG Director of Advanced Medicine.. MY BUCKET http://s135.photobucket.com/albums/q131/gs...rading%20Cards/My Trade Ratings... TCCentral 167 Trades SCForum 320 Trades SCFreaks 4 Trades IF YOU ONLY TRADE. GM FOR GM/ AUTOS FOR AUTOS and BASE FOR BASE. PLEASE TELL ME Always looking for National Treasures Hofer Autos
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Replies
Mike Lindegarde |
Dec 9 2009, 10:43 AM
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Programming Team
Posts: 2,818
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First Name: Mike
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I didn't read the entire post, so perhaps this has come up... the comparison between PayPal and a bank is fundamentally wrong.
Accepting PayPal as payment should be compared to accepting credit cards, not your bank. When you, as a vendor, accept credit cards you have to pay a fee to the credit card companies (there's more involved than that, I'm just keeping it simple).
When you process a credit card online it first has to clear a through a gateway which charges you a fee for processing the transaction. The money from these transactions does not immediately go into your business bank account. The funds from the transaction processed by the gateway get moved to your company bank account in bulk at a set interval.
From a seller's perspective, PayPal works the same way. Keeping your income in the PayPal account and not earning interest on it is your own fault: move the funds to your bank account. You shouldn't be keeping a balance in your PayPal account in the first place. Do you complain because the change in your piggy bank isn't earning interest? No, you go put the money in the bank.
PayPal does not charge the buyer a fee and that's how it should be. Visa doesn't charge me a fee when I buy something at Target.
Comparing PayPal to your bank and saying you shouldn't have to pay fees because PayPal is earning money off of your PayPal balance is a lot like complaining because your spoon won't cut your steak. PayPal should be compared to credit card processing which is also not free and also does not pay you interest.
I don't side with Bob to often on this sort of thing, but in this case abusing the "gift" option is wrong.
Programming Team Looking to trade For: - Lou Groza auto, Jim Brown auto, Eddie George auto - Early Wynn auto, Bob Lemon auto My Sites: - My Personal Collection
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sschind |
Feb 12 2010, 01:21 PM
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QUOTE(Mike Lindegarde @ Dec 9 2009, 10:43 AM) Accepting PayPal as payment should be compared to accepting credit cards, not your bank. When you, as a vendor, accept credit cards you have to pay a fee to the credit card companies (there's more involved than that, I'm just keeping it simple). PayPal does not charge the buyer a fee and that's how it should be. Visa doesn't charge me a fee when I buy something at Target. I'm trying to avoid a bit of long overdue chores so this will likely get rather long. You have been warned. Proceed at your own risk. Don't get me started on CC processing fees Mike. You and all your "you have to take my debit card for this $1.25 purchase because I never carry cash anymore" kind Well, I got news for ya. The CC companies may say I have to take your card for a $1.25 purchase and the government may say I have to take your card for a $1.25 purchase but I say I'm not going to take your card for a $1.25 purchase. You want to complain go ahead but in the mean time you had better find something else worth at least $3.75 to add to it or you go home without it. Seriously though, services generally cost someone money somewhere down the line. Usually it the consumer that ends up paying. I don't think that people would be complaining about the fees if the companies weren't posting what appears to be obscene profits but you have to remember, ebay and Paypal are businesses. They are not non-profit organizations. They have stockholders and are committed to providing them with a return on their investment. Paypal is selling a product. They transfer money for you just like you sell a card to a guy across the country. Is it right that you or I or anyone else should determine how much profit they should make. Should someone step in and say that you can't sell that 1/1 Auto of Adrian Peterson for more than $100.00 because it cuts in on the profits of the person buying it. Of course not. No one wants anyone else dictating what they should be able to sell their products for but everyone seems to think they know what everyone else should be selling their products for. It's all pretty much the same. ( I know there are minor differences, ebay forcing people to use paypal only and the like but there are ways around that as well. Ways that do not violate TOS) As far as the gift system. It was put in place for people to be able to send money as a legitimate gift without paying for it. It was a gesture of good will on PayPal's part and I am sure they figured it would get abused in some way. I am also quite sure that they knew it was costing them money in the way of lost fees. Some would contend that it was only a matter of time before they realized how much money they were losing and start taking their cut anyway (making the sender pay) and others would contend that it was abuse of the system that made made them change. It was probably a bit of both but the end result is now someone has to pay to send a gift. The bottom line is if you are sending payment marked as a gift for something that is not a gift you are lying and yes, you are stealing. Many people think it is OK because it's a big corporation. Well, when the big corporation starts charging the legitimate users of their service because it is being abused by others then it stops affecting only the big corporations. It affects the grandmas and grandpas on fixed incomes sending a $10.00 birthday gift to their grandkids. (I'll pause to let you wipe away the tears) It affects the 1st grader who wants to donate 2 weeks allowance to the animal shelter to keep a cute little puppy or kitty from being gassed. (More kleenex... go ahead, I'll wait) It affects the billionaire who wants to save a few hundred bucks by... OK, him we don't care about but think of the puppies and kitties man. Anyway, IMO it is wrong. I won't do it and I won't ask others to do it (In fact it never crossed my mind as I never knew there was such an option) If you want to do it I guess I'm fine by that. I'm not going to think that much less of you but I am certainly not going to come to your aid when the whole thing blows up in your face and you get ripped off. As long as you know the consequences, you can play by your own rules. Oh yeah, FYI Visa doesn't give you those frequent flier miles, the retailers you use your credit cards with do so next time you use your debit card to buy that candy bar make sure you thank the store owner for putting you that much closer to your free flight to Vegas or wherever you are planning to go and maybe, just maybe you will understand why his "thank you" seemed just a little bit forced. You were warned.
Steve Schindler
"this bloke won't haggle"
When people say "... has ruined the hobby" what they really mean is that "... has ruined the hobby for me"
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Posts in this topic
Gsil84 PayPal as a gift payment?? Sep 7 2009, 10:25 PM bob_TCC Brian,
I'll simply copy and paste the respons... Sep 7 2009, 10:28 PM coltsfan23 I find Paypal quite useful and the gift option is ... Sep 7 2009, 10:29 PM bob_TCC
If that method is used for accepting payments fo... Sep 7 2009, 10:34 PM coltsfan23
I'm not saying it's not deceptive per se... Sep 7 2009, 10:37 PM bob_TCC
Have you ever requested that someone send a pers... Sep 7 2009, 11:01 PM bluechip
I agree with your statements, but it can be vie... Oct 1 2009, 11:57 AM Gsil84
I dont use Paypal shipping becuase mine has not w... Sep 7 2009, 10:35 PM bob_TCC
Brian,
Many banks have fees associated with the... Sep 7 2009, 10:38 PM Gsil84
I guess thats why I bank at my bank. Everything i... Sep 7 2009, 10:43 PM bob_TCC
Understood, Brian.
That same freedom exists whe... Sep 7 2009, 10:51 PM bigalexx
If you can't deal with the fees then don... Sep 8 2009, 03:12 AM degibson84
paypal does have a money market fund that earns y... Oct 1 2009, 01:02 PM Gsil84 Sorry I think I got something started.. Sep 7 2009, 10:38 PM Gsil84 Im sorry but to me Paypal doesnt offer any protect... Sep 7 2009, 10:40 PM bob_TCC
Brian,
This isn't just about their conflict... Sep 7 2009, 10:47 PM Gsil84
I'm just asking.. I dont pay for Money Orders... Sep 7 2009, 10:52 PM Gsil84 I guess when your taking payments you cant diecide... Sep 7 2009, 10:54 PM bob_TCC
Brian,
I'd agree with that statement. Howe... Sep 7 2009, 11:06 PM benshobbies
And I, as a loyal Paypal customer am willing to ... Sep 10 2009, 07:13 PM wildboyz_211 Doesnt paypal offer interest on the balance? I kno... Sep 7 2009, 11:44 PM Gsil84
Sure do things there way. But if someone says the... Sep 8 2009, 12:12 AM wildboyz_211
I worked for a powerseller on ebay, and he knows... Sep 8 2009, 03:10 AM bob_TCC Brian,
I don't believe anyone has suggested t... Sep 8 2009, 12:20 AM Gsil84
I think its good to talk about these things also.... Sep 8 2009, 12:28 AM bob_TCC
Brian,
That's definitely another important ... Sep 8 2009, 12:59 AM urbanmonk
I think the issue is more that transactions bein... Sep 8 2009, 01:28 AM northicehero99 I think the biggest "keys" to this is th... Sep 8 2009, 05:13 AM metsfan2427 Paypal had to know this was going to happen.
Peop... Sep 8 2009, 06:41 AM Gsil84
I'm sure they did.. But they can take the go... Sep 8 2009, 08:33 AM metsfan2427
i see that coming a huge issue down the road. onc... Sep 8 2009, 08:49 AM bob_TCC
Actually, I would argue that it's already at... Sep 8 2009, 08:52 AM bob_TCC
If this is an accurate statement, then what does... Sep 8 2009, 08:48 AM metsfan2427
Bob,
i am not saying everyone is doing it. but it... Sep 8 2009, 08:50 AM Gsil84
I dont think it says anything about collectors. I... Sep 8 2009, 08:52 AM bob_TCC
Again...
If people don't want to pay for a ... Sep 8 2009, 08:59 AM Gsil84
The same reason people with no money still smoke ... Sep 8 2009, 09:01 AM Gsil84
Again....
I'm just asking... One other thin... Sep 8 2009, 09:11 AM metsfan2427
i don't think a rule with stop people from do... Sep 8 2009, 09:15 AM bob_TCC
As mentioned earlier, we're simply not going... Sep 8 2009, 10:51 AM Gsil84
Thats good to know.. That way if someone asks for... Sep 8 2009, 11:29 AM northicehero99
If you should see it please report it to a Team M... Sep 8 2009, 11:46 AM northicehero99
Just wanted to make this topic visible for any ne... Oct 1 2009, 11:49 AM metsfan2427
very true
The companys want to make a profit and ... Sep 8 2009, 08:59 AM bob_TCC
So, let me get this right... Companies should j... Sep 8 2009, 09:01 AM Gsil84
I think what he is saying is that they only care ... Sep 8 2009, 09:04 AM bob_TCC
Yes, I've heard this argument before in rela... Sep 8 2009, 09:07 AM metsfan2427
correct. money is usually the number 1 concern of... Sep 8 2009, 09:08 AM bob_TCC
Would you want profitability to be a minimal con... Sep 8 2009, 09:13 AM metsfan2427
Bob,
i don't think you get what i am saying. ... Sep 8 2009, 09:18 AM bob_TCC
James,
Thanks for making your view on the subje... Sep 8 2009, 10:46 AM urbanmonk Paypal has that option so you can send friends/fam... Sep 8 2009, 09:38 AM dodgerblue38501
Dwight is exactly right! So once again those... Sep 8 2009, 10:40 AM DrewDude There is a simple solution to the PayPal fee probl... Sep 10 2009, 04:59 PM edgerrin32 i see tons of people bashing people about pack sea... Oct 1 2009, 12:27 PM Ilovetheheat Here is my two cents....
I would never send payme... Oct 1 2009, 12:36 PM edgerrin32
so its ok to steal a candy bar because its only... Oct 1 2009, 12:40 PM Ilovetheheat
If beating the system of a billion dollar company... Oct 1 2009, 01:20 PM edgerrin32
is losing a few cent now and them going to bank... Oct 1 2009, 01:48 PM Ilovetheheat
I never said either of those.
I stand by my post... Oct 1 2009, 01:56 PM edgerrin32
are they cheating us, NO. are they taking advan... Oct 1 2009, 02:04 PM 19th Century Indiana Jones Has anyone ever been charged a fee for using Servi... Oct 1 2009, 02:06 PM edgerrin32
nope, my maid works for free. she tell me no fe... Oct 1 2009, 02:11 PM Ilovetheheat
Allow me to clear any additional misconceptions m... Oct 1 2009, 02:20 PM Ilovetheheat
I see why you dont care about fee's......... ... Oct 1 2009, 02:21 PM edgerrin32
i was kidding :lol: im a poor guy, that got la... Oct 1 2009, 03:44 PM edgerrin32 :lol: :lol: . i do like he idea of a per month fe... Oct 1 2009, 02:27 PM Ilovetheheat
What does our government do with our taxes?
What ... Oct 1 2009, 04:18 PM skatalite I send payments as gifts all the time for things. ... Oct 5 2009, 10:55 PM otter8418 has anyone noticed that if you pay with gift now, ... Nov 23 2009, 04:01 PM Hallsgator Paypal is cracking down on people abusing the Gift... Nov 23 2009, 04:09 PM otter8418
thank god. now i have a great comeback for bre... Nov 23 2009, 04:28 PM urbanmonk
Hit it right on the head Doug, couldn't have... Nov 24 2009, 02:33 PM edgerrin32 hey if you are worried about the fees, tell the pe... Nov 24 2009, 02:42 PM northicehero99 Just want to push this topic to the top again, so ... Dec 4 2009, 11:46 PM mjda Also, when you use the gift option, as a buyer, yo... Dec 9 2009, 12:33 PM northicehero99 Moving this topic back up there for our members to... Dec 29 2009, 06:33 PM edgerrin32 yea i have seen a lot of post lately of people try... Dec 29 2009, 06:54 PM avalanche going back to the paypal/ebay fees. i like what ed... Dec 29 2009, 07:11 PM Gsil84 Long time on this post.. Nice to see it still movi... Dec 29 2009, 07:22 PM edgerrin32 we are all on the honor system when buying/selling... Dec 29 2009, 07:52 PM otter8418 people that find a way to cheat the system eventua... Dec 30 2009, 04:59 PM Gsil84 Man I got a Pinned thread.. I feel important.. Goo... Feb 12 2010, 12:00 AM edgerrin32 just adding 1 thing. when you steal from Walmart t... Feb 12 2010, 01:30 PM Beavers98 Just ask for more money to cover the fees... Still... May 7 2010, 02:52 PM RGBII [b]It is the policy of Trading Card Central
that P... May 7 2010, 02:56 PM dodgerblue38501 Here is a link to a TCC Member that is openly aski... May 21 2010, 02:11 AM Pejarox7620
I completely agree. The Fees are ridiculous we ha... May 21 2010, 02:53 AM tyrodsports I have used Paypal for regular payments on cards p... Aug 27 2010, 10:18 PM sschind There is a way to avoid 100% of ebay's fees an... Aug 28 2010, 09:25 AM
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