hi565
11-19-04, 09:15 PM
How does it work when it comes to paying for something on Ebay? never done it before may do it soon.
Foo - Paying on Ebay
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forum*rider
11-19-04, 09:46 PM
My dad pays through pay-pal 100% of the time. From what I understand you put in all the shipping info, personal info and your credit card number and then the amount that is needed is deducted from your bank account.
Not quite sure though, so take my info with a grain of salt.
Not quite sure though, so take my info with a grain of salt.
swifferman
11-19-04, 09:47 PM
You can also jsut pay with a major credit card too. Or by cheque or money order.
HoboRandy
11-19-04, 10:00 PM
You can get a PayPal account that will allow you to make payment from a credit card or from your checking account. Sellers with a PayPal Business account can accept credit card payments from buyers WITHOUT PayPal accounts now, too - so if you plan on paying for things with a credit card you shouldn't even need a PayPal account. Most people will also let you send a USPS money order, and sometimes a personal check. Each auction should have clear instructions on what payment methods are accepted, as well as shipping costs. If either of these is missing from an auction, email the seller to get clarification to avoid a big hassle later.
If you're buying something for a large amount of money - like a bike or computer or something, it may be wise to use escrow. There is only one escrow - www.escrow.com - and you can read up on it there if you're not familiar with the process. Ebay recommends escrow for large transactions. Sellers may not like it, so make sure you OK it with them before bidding. An honest seller shouldn't have a problem with escrow. Ultimately it's the safest way to make a bigger transaction when you can't inspect the item before purchasing, and it protects sellers from receiving payment from hijacked PayPal accounts or counterfeit/fraudulent cashier's checks.
If you're buying something for a large amount of money - like a bike or computer or something, it may be wise to use escrow. There is only one escrow - www.escrow.com - and you can read up on it there if you're not familiar with the process. Ebay recommends escrow for large transactions. Sellers may not like it, so make sure you OK it with them before bidding. An honest seller shouldn't have a problem with escrow. Ultimately it's the safest way to make a bigger transaction when you can't inspect the item before purchasing, and it protects sellers from receiving payment from hijacked PayPal accounts or counterfeit/fraudulent cashier's checks.
sch
11-19-04, 10:16 PM
Setting up a Paypal acct will take a few days and requires you to provide credit card and bank
acct numbers. It is fairly straight forward. A large number of sellers are not equipped to handle
credit card charging, ie they are individuals who don't want to go through the hassle and
costs of setting up a formal business with all gov't entanglements that implies to become a
valid credit card account. Paypal is expensive but cheaper than the alternatives. Getting your
money back if something goes wrong can be a considerable hassle though. One other thing, the
Paypal screens are not exactly real friendly and it is possible, because the system can be slow
to respond, to make a payment twice or three times if you double or triple click. It will then
be up to the seller to reverse the charges to return the overpayment. Sort of like online credit
card payments where they have a box saying: Only press this once to pay and wait for acknowledgement. Paypal doesn't have the box. Steve
acct numbers. It is fairly straight forward. A large number of sellers are not equipped to handle
credit card charging, ie they are individuals who don't want to go through the hassle and
costs of setting up a formal business with all gov't entanglements that implies to become a
valid credit card account. Paypal is expensive but cheaper than the alternatives. Getting your
money back if something goes wrong can be a considerable hassle though. One other thing, the
Paypal screens are not exactly real friendly and it is possible, because the system can be slow
to respond, to make a payment twice or three times if you double or triple click. It will then
be up to the seller to reverse the charges to return the overpayment. Sort of like online credit
card payments where they have a box saying: Only press this once to pay and wait for acknowledgement. Paypal doesn't have the box. Steve
hi565
11-20-04, 06:46 AM
My dad is probably going to use is credit card but he does not want his information to be given out, so do you think i should do money order instead?
dobber
11-20-04, 07:52 AM
My dad is probably going to use is credit card
Paypal is owned by EBay. I've been using it for several years with no problems or concerns. You have the option with PayPal of paying with a credit card or having the money transferred from your bank account.
PayPal acts as a middleman. Most sellers aren't setup to accept card payments directly and you sure as heck don't want to be swapping bank account numbers with others. This is where PayPal comes in. You pay PayPal and PayPal pays the seller. Using PayPal is no different then say shopping at Amazon or any other major etailer.
A money order is actually more risky. With PayPal you often have automatic protection or at the very minimum some recourse to try and retrieve your money should fraud occur. With a money order, you have no recourse. Thats why most scams only take money orders or wire transfers.
Paypal is owned by EBay. I've been using it for several years with no problems or concerns. You have the option with PayPal of paying with a credit card or having the money transferred from your bank account.
PayPal acts as a middleman. Most sellers aren't setup to accept card payments directly and you sure as heck don't want to be swapping bank account numbers with others. This is where PayPal comes in. You pay PayPal and PayPal pays the seller. Using PayPal is no different then say shopping at Amazon or any other major etailer.
A money order is actually more risky. With PayPal you often have automatic protection or at the very minimum some recourse to try and retrieve your money should fraud occur. With a money order, you have no recourse. Thats why most scams only take money orders or wire transfers.
hi565
11-20-04, 08:55 AM
cool, i dont have to worry about fraud if my dad signs up for paypal.
swifferman
11-20-04, 09:38 PM
Depends if it's a vendor than credit card is no big deal.
Is the seller a "Power Seller"?
Is the seller a "Power Seller"?
dobber
11-21-04, 06:24 AM
cool, i dont have to worry about fraud if my dad signs up for paypal.
The likelyhood of fraud is greatly diminished. 99.9% of the people utilizing EBay are fair and honest. But there is always a couple of bad apples. Look at the Sellers Recommendations, see what other stuff he;s been selling. And don't get caught in a bidding war. Often you'll wind up paying more then you could get it for at a store.
The likelyhood of fraud is greatly diminished. 99.9% of the people utilizing EBay are fair and honest. But there is always a couple of bad apples. Look at the Sellers Recommendations, see what other stuff he;s been selling. And don't get caught in a bidding war. Often you'll wind up paying more then you could get it for at a store.
bkrownd
11-21-04, 06:29 AM
The dangerous thing about PayPal is that it's linked to your bank account. If somebody steals your credit card you can get the credit card company to cancel the charges and fix things for you. If somebody takes money out of your bank account it's gone for good. Because of this I have paypal linked to an old bank account with very little money left in it.