Paypal Policy Change UPDATE for the BETTER!!!

[aberwastone]

Just got off the phone with a Paypal rep. Just started recently. Paypal will now cover you if you buy things off Ebay now. The previous policy of "we paypal we only cover you 100% is if you buy on Ebay and use Paypal combined ".

From what I was told on the phone with a rep. This policy is now over. They will now cover you for purchase off Ebay. All you have to do is use paypal. Like hear on Gearslutz classifieds.
However, I was told E checks are no longer offered.
This was my cheapest way of transferring money in $1000+ range.
Because it only cost $5 vs. paying 3% of what you are transferring.
I hope this good news helps you all.

[lagavulin16]

Originally Posted by aberwastone

Just got off the phone with a Paypal rep. Just started recently. Paypal will now cover you if you buy things off Ebay now. The previous policy of "we paypal we only cover you 100% is if you buy on Ebay and use Paypal combined ".

From what I was told on the phone with a rep. This policy is now over. They will now cover you for purchase off Ebay. All you have to do is use paypal. Like hear on Gearslutz classifieds.
However, I was told E checks are no longer offered.
This was my cheapest way of transferring money in $1000+ range.
Because it only cost $5 vs. paying 3% of what you are transferring.
I hope this good news helps you all.

I hope someone can confirm this. I had a rough experience and had basically started treating Paypal as trustworthy as Western Union outside of ebay.

[hipass]

They always did you just has to sell to verified member and shipped to a confirmed address.

[pdiddy boy]

Originally Posted by hipass

They always did you just has to sell to verified member and shipped to a confirmed address.

Exactly, whats the big deal !

[hobson]

No more Echeck?! - that's unfortunate. It did take abit longer to clear, but saved slot of $$ in fees. I'll miss this service for sure.

[lagavulin16]

Originally Posted by hipass

They always did you just has to sell to verified member and shipped to a confirmed address.

That isn't true. If you buy on ebay, your purchase is 100% protected. If the seller rips you off, sells you junk, or claims it was "lost" and won't refund your money, Paypal will.

If any of this happens on a craigslist transaction or elsewhere, Paypal will try to get you your money back on a "best effort"... which means if the seller has emptied his account, you're SOL.

[T_R_S]

These are my experiences this year. (buying and selling)
I'll give you the Reader Digest version
I bought a Bogus Nuemman Mic in January and it took 5 months to get my money back.
Paypal worked but I had to jump through a lot of hoops. I also paid with a CC (Though Paypal) smart because I double protection if Paypal had not covered me my CC would have.

Selling:
Sold my old iPhone sent it off to Verified Buyer with Confirmed address.
I sent the iphone with tracking number and SIGNATURE CONFIRMATION
(VERY ! IMPORTANT!)
The buyer did a chargeback on his CC 2 months after the sale ( $500 removed from my account) I got my funds back 6 weeks later - not very many hoops to jump through as I used Paypal/Canada Post to ship the iPhone.

Anyway I got all my money back and learned some valuable eBay lessons.