Metropolis will begin taking Paypal

[metropoliscomics]

We are currently working on a number of updates for our collectibles website and one of those changes will be the ability for buyers to use paypal for their Metropolis purchases.

 

Stephen

[osborn_fr]

Alleluia !

[Silver]

Wow! Now how about scans for every individual book?

[chromium]

Alleluia !

 

He forgot to mention..." from buyers with a confirmed address...

[osborn_fr]

Paypal is now present in France, and we are able to confirm address

[Mr. Zipper]

If you already accept credit cards, why would you need Paypal?

 

PayPal offers much more risk of fraud and NONE of the protections that a real credit card offers. If you start accepting PayPal, get ready for the chargebacks.

 

 

I sold an FF #1 on ebay in 2003 and accepted a PayPal payment. I sent to the verified address. The buyer left positive feedback.

 

2 months later, Paypal charged my account back $1,100 because they determined that "an unauthorized user" had used the account. They wouldn't provide any further details... you just have to take their word for it. End of story. No appeals process. No money. No FF 1.

 

Now, no more Paypal.

[OldGuy]

http://boards.collectors-society.com/postlist.php?Cat=&Board=comicsmarket

[nik]

Same thing happened to me twice my loss was not as much as yours though.

[Aces]

I sold an FF #1 on ebay in 2003 and accepted a PayPal payment. I sent to the verified address. The buyer left positive feedback.

 

You need to send it to a confirmed address for seller protection against charge backs.

 

[comicmankev]

Does this mean you'll stop posting your 'for sale' items in EVERY section of these boards

[Red Hook]

By the way, Kev....looking at that FF poster.....how the hell do they manage to backlight the Human Torch?

[comicmankev]

good question though - we shall see

[Mr. Zipper]

By the way, Kev....looking at that FF poster.....how the hell do they manage to backlight the Human Torch?

 

Well, if you wanna get technical, how is it you can see the stars inside the sillouettes?

 

[Mr. Zipper]

I sold an FF #1 on ebay in 2003 and accepted a PayPal payment. I sent to the verified address. The buyer left positive feedback.

 

You need to send it to a confirmed address for seller protection against charge backs.

 

 

I did send to the confirmed address (sorry, initially I wrote "verified"... I meant "confirmed.")

 

PayPal has MANY loopholes in their Buyer and Seller "Protection Plans."

 

If most PayPal users bothered to read the fine print in the Users Agreement, they'd be shocked at how little recourse they have in disputes. The PayPal Users Agreement is NOT the "standard old stuff." You are signing away your rights to appeals and arbitration. PayPal is NOT a bank and they don't adhere to the same regulations and consumer protection guidelines that regular banks observe with their credit cards.

 

www.paypalsucks.com

[sterlingcomics]

I had a friend who recently went through a similar fiasco. I'm lucky to remain unscathed, but I may reconsider my position on PP if they can arbitrarily take away money from my account.

[Warlord]

[Silver Surfer]

I think Paypal is great but I never new you could get stung like that. Is this why people stipulate that they will not accept Paypal with a credit card? How long is recourse period for Paypal via credit card and through a bank account?

[Mr. Zipper]

I think Paypal is great but I never new you could get stung like that. Is this why people stipulate that they will not accept Paypal with a credit card? How long is recourse period for Paypal via credit card and through a bank account?

 

This is precisely why many sellers now state that they don't accept credit card paymants through Paypal -- the risk of credit card chargebacks.

 

Here is how it works.

 

A buyer pays for an auction with PayPal (credit card funded.) PayPal charges the credit card associated with the buyer's account and credits the amount to the seller's account.

 

Days, weeks or months later, PayPal receives notification from the buyer's credit card company that the charge was unauthorized and the credit card company won't honor the charge. So now, Paypal has already credited the seller and is left holding the bag... PayPal is out the money at this moment. This doesn't last long because PayPal goes back to the seller and charges back the seller's account for the money. So, PayPal eliminates their loss and passes the loss onto the seller.

 

So, you can do everything that PayPal tells you to do: ship to the confirmed address, have proof of delivery, etc. and you can still get screwed. So, everytime you ship something expensive that was paid for with PayPal, hold onto all your receipts and documentation for MONTHS -- even if you get positive feedback, it doesn't matter - HOLD ONTO THE DOCUMENTATION!

 

Regarding PayPal bank transfers, they are safer because the money is debited from a bank account. This type of transaction doesn't have the credit card float period, so fraud would be detected right away. Plus, PayPal would immediately be able to tell if the bank account was fraudulent or not... the money is either there or it's not. A bank transaction is not based on "credit" and billing cycles like a credit card transaction.

[Silver Surfer]

Zip,

 

Good points as I will insist that Paypal not be used with a credit card going forward (perhaps on rare occassions if the buyer is a forum members and make a speical request). Also, I always keep email correspondence between buyers but I'm going to print off the EBay feedback and keep it filed away.

[Weird]

You advise to hold onto all receipts and documentation. What is the reasoning? Is there some recourse you have not mentioned?