Quote:
Originally Posted by nickelman  Just read the rule changes.
Paypal is not going to be the only electronic form of payment (for now anyway).
The S&H charge limit only applies to media and states the lister must offer ONE shipping rate within the limit but can offer other rates as well.
Not sure if I like the no checks or MO's but if they lose a ton of business during the Christmas shopping season they'll know why! |
They will allow direct credit/debit card payment, PayPal, PayPro (which I will not go into in this thread or at this time), and "in person" payment.
Now here is what is
really going on!
Your payment, whether it is via your credit/debit card, PayPal, or PayPro, will
be processed directly by eBay!!!
Understand that. eBay will be the entity electronically processing your payment! Your credit card, PayPal account, or PayPro account will be debitted directly by eBay. After receiving the funds from the buyer's account, eBay will then "process" the payment and credit the seller's appropriate electronic account!
Now, here is what they will try to say is good about the whole thing. You can be a merchant and the buyer will be allowed to pay with credit card, PayPal, or PayPro...whichever service they choose. And you as the seller may receive ALL of your payments into one account...PayPal or PayPro...whichever you choose.
If you thought dealing with PayPal was a headache trying to get your money back on a bad deal, or suddenly having your funds dissappear out of PayPal, wait until you have the headaches of having
ALL of your financial transactions centralized.
And this is why your State Attorney Generals need to be contacted. Although there may be no current wrong doing, and they may not even be able to take any actions at this present time, if the AG's have concerns and complaints already filed in their offices, it will expedite action when the problems do indeed begin.
Not only that, but remember that PayPal
must be a registered financial entity in each State. if they do not abide by the State's regulations, then they lose their license and charter in that particular State...of course, this is all dependent upon people actually filing the complaints with the Attorney General's offices and the appropriate regulators.
This also means that eBay
must have it's own entity's licensing. They may not depend upon the charters and licenses of PayPal because eBay itself will now be the active party in electronic funds transfers and processing. If eBay does not have an appropriate license in your State as a financial institute (usually an electronics funds transferrer), then they will be operating unlawfully.
And like I said before, contacting the appropriate authorities
NOW sets up the framework for later. Because they are now an active party to the contract, they very well may be liable for all of those fraudulent and
counterfeit coins and very well may have the legal responsibility for such (as they have in France). If so, this means they could very well be responsible for not only the direct cost to you for paying for and receiving counterfeit coins, but also statutory damages as well as any punitive damages a judge may deem fit.
A pandora's box they really never should have opened up. And there will be those who would make the claim that if you do not like it, do not use them.
Well...the trust issues and possibilities here are beyond the scope of these fora, but there are many many more issues involved here, and I do not personally believe eBay will escape all of this unscathed...especially when investors retaliate.
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Hybrid Mode
