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E-bay the "FAIR" way to buy and sell.... WHAT BS!
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<p>[QUOTE="krispy, post: 640643, member: 19065"]"When a seller only accepts Pay Pal, are the sellers money already collected and deposited into the sellers bank account before shipping occurs ?"</p><p><br /></p><p>Current eBay policy only allows Sellers to collect funds/payments from Buyers using PayPal. The money is deposited into a Sellers PayPal account first by the buyer (then a Seller will ship) then with a balance in PayPal the Seller can withdraw or transfer funds in several ways. You do not need any money in the PayPal account to be a Seller once registered and bank account and address verified to conduct sales. Anyone with a balance in their PayPal account can transfer funds to their bank account, use a PayPal debit card or request a physical check be mailed to them with the funds, or you could spend the money in your account elsewhere buying something else with the funds. As soon as the money is in your PayPal account you can start moving it or using it. If you haven't shipped an item to a Buyer or they dispute the item later and the money is out of the PayPal account PayPal cannot directly withdraw the money from your bank account. Nothing really prevents a Seller from moving or using the money collected from Buyers once the transfer of funds is complete and this could all be done prior to shipping the item, prior to the item arriving or a dispute arising over said item. Does that answer your question? </p><p><br /></p><p>Anyone else have any other angles to point out that I didn't consider?[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 640643, member: 19065"]"When a seller only accepts Pay Pal, are the sellers money already collected and deposited into the sellers bank account before shipping occurs ?" Current eBay policy only allows Sellers to collect funds/payments from Buyers using PayPal. The money is deposited into a Sellers PayPal account first by the buyer (then a Seller will ship) then with a balance in PayPal the Seller can withdraw or transfer funds in several ways. You do not need any money in the PayPal account to be a Seller once registered and bank account and address verified to conduct sales. Anyone with a balance in their PayPal account can transfer funds to their bank account, use a PayPal debit card or request a physical check be mailed to them with the funds, or you could spend the money in your account elsewhere buying something else with the funds. As soon as the money is in your PayPal account you can start moving it or using it. If you haven't shipped an item to a Buyer or they dispute the item later and the money is out of the PayPal account PayPal cannot directly withdraw the money from your bank account. Nothing really prevents a Seller from moving or using the money collected from Buyers once the transfer of funds is complete and this could all be done prior to shipping the item, prior to the item arriving or a dispute arising over said item. Does that answer your question? Anyone else have any other angles to point out that I didn't consider?[/QUOTE]
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E-bay the "FAIR" way to buy and sell.... WHAT BS!
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