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Warning about Paypal as gift (friends and family)

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Baal View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Baal Quote  Post ReplyReply Direct Link To This Post Posted: 08/07/2014 at 1:30am
Originally posted by angelleye angelleye wrote:



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.  


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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Post Options Post Options   Thanks (0) Thanks(0)   Quote angelleye Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 11:28pm
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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Post Options Post Options   Thanks (1) Thanks(1)   Quote the_theologian Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 11:21pm
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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Baal View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baal Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 11:01pm
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote kindof99 Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 2:31pm
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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Post Options Post Options   Thanks (2) Thanks(2)   Quote the_theologian Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 2:15pm
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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Baal View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baal Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 1:52pm
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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Post Options Post Options   Thanks (1) Thanks(1)   Quote Antuan Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 10:25am
Perfect! I think sellers must include 4% fee in their prices.
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Baal View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baal Quote  Post ReplyReply Direct Link To This Post Posted: 08/06/2014 at 9:57am
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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