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Warning about Paypal as gift (friends and family) |
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Baal
Forum Moderator Joined: 01/21/2010 Location: unknown Status: Offline Points: 14335 |
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This is very good advice, and welcome to the forum! As they tell boxers, "protect yourself at all times". I edited my opening comment to include this. Thanks!!!! |
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angelleye
Member Joined: 08/05/2014 Location: Kansas City Status: Offline Points: 48 |
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For future reference, it goes beyond just the gift option. If you specify that the payment will be a "personal payment" in some versions of PayPal it will show "friends or family" as opposed to "goods or services" for the payment reason. If you choose friends and family / personal it won't charge a fee to the seller, but then it works just like gift where they won't honor buyer protection of any kind.
It's a handy thing to know about when you do know and trust the person you're paying as it can indeed save money for one or the other, but it should be used with caution.
Another good practice to get into is to set the funding source of the PayPal payment during checkout to a credit card. This way even if PayPal won't honor protection for some reason, you can always call the credit card company directly and submit a dispute/chargeback. Credit card companies want to protect their consumers, so they will give you an immediate credit "pending investigation" and I very rarely see people get denied completely when they file chargebacks directly with cc companies. |
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the_theologian
Premier Member Joined: 01/11/2009 Location: U.S. Status: Offline Points: 3895 |
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I wonder if this would cause a reversal of risk... where trusted sellers would now have to worry about buyers that would scam.
Edited by the_theologian - 08/06/2014 at 11:24pm |
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Appelgren Allplay ST / Vega Europe max
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Baal
Forum Moderator Joined: 01/21/2010 Location: unknown Status: Offline Points: 14335 |
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The moderators would like to change the culture around here so that even transactions with people with a good reputation would not be done with the paypal gift option. But like I said, this is not an official rule (for now), just a strong recommendation.
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kindof99
Premier Member Joined: 02/07/2014 Location: United States Status: Online Points: 4216 |
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Yeah, I agreed with Baal on this issue. The default should be not paypal as gift unless the buyer has a good reputation then the total can be reduce 3-4% with paypal as gift option. This is an open forum and there are definitely some bad bugs.
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the_theologian
Premier Member Joined: 01/11/2009 Location: U.S. Status: Offline Points: 3895 |
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While there are many members here who I have no concerns using PayPal gift with (AndySmith, fatt, JimT, piligrim, sahiggs, tibi, speedy, chronos, assiduous, etc.), I would be extremely leery of using PayPal gift with a new user who has no rep. The exception being if one of the mentioned members vouched for them.
The mods have enough to do without an additional task of micromanaging this, in my opinion. It behooves all of us to exercise good judgment. Edited by the_theologian - 08/06/2014 at 10:35pm |
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Appelgren Allplay ST / Vega Europe max
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Baal
Forum Moderator Joined: 01/21/2010 Location: unknown Status: Offline Points: 14335 |
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Sellers can set whatever price they wish and if a buyer can accept the price a deal is made. But the buyer needs to be able to protect themselves and the gift option does not allow that.
I have noticed that other websites where people buy and sell specialized items (not table tennis) have totally banned the practice of sellers requesting payment as a gift. Here this would mean that a moderator would have to go through every For Sale thread and edit out requests for gift options. I am not going to do that. But I think the culture here needs to be that this is not a reasonable request by a seller, even if it adds 3-4% to the price of the transaction. |
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Antuan
Premier Member Joined: 08/14/2012 Location: Spain Status: Offline Points: 3447 |
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Perfect! I think sellers must include 4% fee in their prices.
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Baal
Forum Moderator Joined: 01/21/2010 Location: unknown Status: Offline Points: 14335 |
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The moderators would like to strongly discourage the use of the paypal "gift" or the "friends or family" options for transactions on MyTT. If you chose those options, Paypal will not provide any type of protection to the buyer. We believe it is unreasonable for a seller to demand this, even if it does save a few bucks.
A new member to MyTT, who is an expert on Paypal, suggests that if you link a Paypal payment to a credit card, the credit card company may provide some protection if you have to dispute the transaction. |
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