Paypal help

[chippy1970]

Anyone know if I will get charged anything if I recieve £20 thru Paypal.

I sold something here for £10 a while ago and got the full £10 then I sold some other stuff that came to £110 and was charged for this. I have read the list of charges and it seems personal non business payments you dont get charged. Maybe the £10 payment was too little to be charged.

 

[RogerS]

Anyone know if I will get charged anything if I recieve £20 thru Paypal.

I sold something here for £10 a while ago and got the full £10 then I sold some other stuff that came to £110 and was charged for this. I have read the list of charges and it seems personal non business payments you dont get charged. Maybe the £10 payment was too little to be charged.

If your buyer uses a credit card to make their PayPal payment then guess who picks up the credit card company charges? Not PayPal. You - they keep that quiet. :evil:

 

[Chems]

If they send it as a gift you won't be charged. Everything else you will.

 

[Dibs-h]

Anyone know if I will get charged anything if I recieve £20 thru Paypal.

I sold something here for £10 a while ago and got the full £10 then I sold some other stuff that came to £110 and was charged for this. I have read the list of charges and it seems personal non business payments you dont get charged. Maybe the £10 payment was too little to be charged.

Yes it depends on how the payment is funded - if via an existing Paypal balance or if the Paypal account is attached to a bank account (bad idea!!!!) then there should be no charge.

If it's via a CC - as Rog pointed out, there will be a fee to pay. The sender can elect to pay the fees tho!

HIH

Dibs.

 

[Woody Alan]

I think if you transfer funds into (from bank) or have funds already in the account (from sales) then there is no credit card transaction to accrue charges. That's how it seems to have worked for me anyway. So if someone pays you from an account with funds in it, it's OK.

Aaln

 

[chippy1970]

Cheers lads

 

[Mike.C]

Dib's wrote:

Yes it depends on how the payment is funded - if via an existing Paypal balance or if the Paypal account is attached to a bank account (bad idea!!!!)

Dib's why is it a bad idea? The reason that I am asking is my one is connected to my bank account 8-[

I have not really used it much, so say that I want to sell something and get the payment through Paypal how do I go about it?

Cheers

Mike

 

[RogerS]

Any dispute, Mike, by you selling something and the buyer complains to Paypal...even without reason..then IIRC PayPal will come along and take money out of your bank account. I think.

 

[Dibs-h]

Any dispute, Mike, by you selling something and the buyer complains to Paypal...even without reason..then IIRC PayPal will come along and take money out of your bank account. I think.

Yep Rog has nailed it on the head.

Paypals T&C's are such that you are giving them cart blanche to make payments to any 3rd party that presents a request for payment without the need for PayPal to verify the legitimacy of the request.

If your Paypal account is funded via a credit card - mine is - Visa have teeth and as such Paypal can't take any payment without authorisation - anything else is theft and Paypal mighty as they are - can't bully Visa.

Fund it with a bank account and the T&C's effectively create a variable DD that is time invariant - you'd only find out at statement time & your bank will wash it's hands of you!

HIH

Dibs

p.s. My advice would be to get another current account - preferably with another provider which has <£10 in it and link that to your Paypal account. You fund purchases with your CC and sales go to this account and you instantly transfer them to you other account via BACs. Why another provider - because if they are with the same one, insufficient funds in one account could result in them draining funds from another account to meet any DD or such like.

 

[RogerS]

....
......

p.s. My advice would be to get another current account - preferably with another provider which has <£10 in it and link that to your Paypal account. You fund purchases with your CC and sales go to this account and you instantly transfer them to you other account via BACs. Why another provider - because if they are with the same one, insufficient funds in one account could result in them draining funds from another account to meet any DD or such like.

There is a slight downside as I found out. PayPal defaults your payment settings to 'bank account' rather than credit card. I have a separate NatWest bank account only for PayPal and keep very little in it. So if, as I did, you're in a hurry and click the Pay Now...PayPal takes the money from your wee bank account. You can ignore the 'PayPal will use an alternative credit card if there are insufficient funds in your bank account. Why?

Because ******* NatWest rather than refuse the DD (for £21) will let it go through, thus automatically putting you into the red so that they then hit you for £45 total in bank charges. ******* cnuts.

yeah..yeah..I know...I should have not been in such a hurry.

 

[Dibs-h]

There is a slight downside as I found out. PayPal defaults your payment settings to 'bank account' rather than credit card. I have a separate NatWest bank account only for PayPal and keep very little in it. So if, as I did, you're in a hurry and click the Pay Now...PayPal takes the money from your wee bank account. You can ignore the 'PayPal will use an alternative credit card if there are insufficient funds in your bank account. Why?

Because ******* NatWest rather than refuse the DD (for £21) will let it go through, thus automatically putting you into the red so that they then hit you for £45 total in bank charges. pineapple cnuts.

yeah..yeah..I know...I should have not been in such a hurry.

Crikey!

I wonder whether it would be better for Wifey to have one of these noddy accounts & for you to send the money to her as a gift, then she to BACs it out? Her Paypal account never gets used for anything else.

Mind you seems a bit of a curfuffle but sometimes you'd rather take the long road and stick 2 fingers at the likes of Paypal!

Dibs

 

[Benchwayze]

What annoys me most is how eBay con everyone that taking PayPal payment is the best option. If I see someone who accepts only PayPal, I steer clear and look elsewhere.

I don't sell on eBay now, and anything I sell, such as books and DVD I go through Amazon.

Selling tools, well there's always here isn't there?


Regards
John

 

[Shane]

Thanks Dibs and Rog, I've now removed my bank account from paypal. I presume a visa debit card is as safe as a cc on paypal? I don't, and will never have a cc

 

[Benchwayze]

Shane,

I share your mistrust of credit cards. But the fact is, some on-line sites (like travel agents etc.) insist on Credit Card. Also, if anything goes wrong, with a Credit Card you will get a refund. Not so with Debit Cards.

So I use a Debit Card for small purchases, with an account I just transfer money into when I need to. For more substantial amounts, I use a credit card, and pay off the balance immediately. Never had any problems until I went with PayPal!
.

But it's a personal choice of course.

John

 

[RogerS]

Thanks Dibs and Rog, I've now removed my bank account from paypal. I presume a visa debit card is as safe as a cc on paypal? I don't, and will never have a cc

Does a debit card stop PayPal raping your bank account? I'm not sure that it does.

 

[Benchwayze]

I'm not sure Roger.

But after the present transaction clears, I am closing the Paypal account anyhow. Finished with them period.

John

 

[Dibs-h]

A normal debit card has no protection.

A lot of debit card's now have the Visa symbol on them - these are protected under the 1973 (I think) Consumer Credit Act.

Anything you didn't agree or sign up to - results in a full, unequivocal refund from your card issuer typically well within 28 days. Almost always coming directly out of the merchant's account, whether they like it or not!

HIH

Dibs

p.s. Shane - whilst I understand your reluctance\distrust\etc. I would strongly suggest you get a credit card. The protection from getting screwed over is considerable & there is nothing stopping you only using it for large purchases, where you want the piece of mind that you can't get screwed over. Like holidays, expensive tools, new, kitchen, etc. And have it set up to clear the full balance at the end of the month. In which case you could ask the card issuer to remove the PPI - as it's bloody pointless if you pay off the balance every month.

 

[Mike.C]

Dib's wrote:

A lot of debit card's now have the Visa symbol on them - these are protected under the 1973 (I think) Consumer Credit Act.

Anything you didn't agree or sign up to - results in a full, unequivocal refund from your card issuer typically well within 28 days. Almost always coming directly out of the merchant's account, whether they like it or not!

Hi Dib's what sort of protection does this 1973 act a give visa marked debit card, and is it anything like that afforded a credit card?

Cheers

Mike

 

[Dibs-h]

Dib's wrote:

A lot of debit card's now have the Visa symbol on them - these are protected under the 1973 (I think) Consumer Credit Act.

Anything you didn't agree or sign up to - results in a full, unequivocal refund from your card issuer typically well within 28 days. Almost always coming directly out of the merchant's account, whether they like it or not!

Hi Dib's what sort of protection does this 1973 act a give visa marked debit card, and is it anything like that afforded a credit card?

Cheers

Mike

In the past it was for purchases over £100, but most card issuers don't bother with that limit anymore - but obviously doing for something like £10 isn't going to go anywhere.

Visa is Visa - shouldn't make any difference whether it's a debit or a credit card.

Daven had issues - https://www.ukworkshop.co.uk/forums/the- ... 42491.html

Got his refund no probs.

HIH

Dibs.

 

[big soft moose]

What annoys me most is how eBay con everyone that taking PayPal payment is the best option. If I see someone who accepts only PayPal, I steer clear and look elsewhere.

I don't sell on eBay now, and anything I sell, such as books and DVD I go through Amazon.

Selling tools, well there's always here isn't there?


Regards
John

althoughh that said with most people who accept only paypal you can still just use a credit card to pay via paypal - you dont need to have a paypal account yourself.

I dont have a paypal account and ive never encountered anyone with whom this meant i couldnt pay them.