PayPal No Longer Returning Fees from Refunds!

Discussion in 'Coin Chat' started by iPen, Sep 20, 2019.

  1. Player11

    Player11 Bullish

    The bank they use has really high interest rates. I would avoid getting into cc debt w them.

    If they keeping that on returns it makes shows more attractive for me in selling big ticket material.
    xCoin-Hoarder'92x likes this.
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  3. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    That doesn't sound good for high volume sellers. Up to this point I've had maybe 2 returns in several years, so I'm hoping that trend continues.
  4. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    How would ebay know if a winning bidder happens to be a friend or someone in relation to the seller? It's not quite like facebook where you have a laid out profile and friend list attached to your account.
  5. LA_Geezer

    LA_Geezer Well-Known Member

    Simple enough: a friend would never subject another friend to an ebay auction. In fact, there is an eBay seller who is also a C T member whom I would not call a friend per se, but who, nevertheless, has sold me coins below starting bid prices in auctions. AI is making the online selling sites a lot more aggressive at watching what you browse, then sending you all sorts of emails on that type of product for weeks and months to come. Don't think for a moment that they cannot detect ploys to avoid their charges.
  6. Zonker

    Zonker Active Member

    PayPal, eBay, Facebook, Amazon, Google are all the same - I try and not use any of them.
  7. harrync

    harrync Active Member

    I don't even recall signing up for the "remember my credit card" option, but I have it. Probably signed up accidentally. So whenever I hit Pay Now, the top option is "credit card ending in ...07." Any refunds I have gotten went back to my credit card, not Paypal. And my credit card gives me a small bit of cash back on eBay purchases. The only time I use Paypal is when I have eBay Bucks to use; it seems you have to sign in to Paypal to use them.
  8. UncleScroge

    UncleScroge Active Member

    EBay's default is to save your CC info when you check out. There is a box that's automatically checked, you have to consciously uncheck the box, otherwise you're info is kept on file. I hate it! And, no you don't have to sign in to PayPal to use your eBay Bucks, I know because I don't deal with PayPal, but I've redeemed eBay Bucks.
    harrync likes this.
  9. Peter T Davis

    Peter T Davis Hammer at the Ready Moderator

    What they wrote doesn't make it clear if the buyer gets refunded the amount minus the fees, or if they buyer gets refunded the full amount they paid, and the seller is out the fees.
  10. littlehugger

    littlehugger Active Member

    Too big to give a rap.
    Even if significant numbers of us flee, they will still gain on this.
    Profit over ethics.
  11. Zonker

    Zonker Active Member

    True, but why give them your money? Every one of us that don't means less for them. Even in insignificant numbers. They are pusedo monopolies now - after they acquire more they will be true monopolies and be able to do and charge what ever they like.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    I'll be absolutely stunned if it's the buyer, not the seller, getting stuck.
  13. green18

    green18 Sweet on Commemorative Coins Supporter

  14. baseball21

    baseball21 Well-Known Member

    Buyer gets a full refund, the seller is out the fees
  15. HaleiwaHI

    HaleiwaHI Active Member

    That is just pure greed. My thinking is that this will lead to PayPal downfall. When another PayPal2 begins, sellers will flock to them.
  16. micbraun

    micbraun coindiccted

    If I make an int’l bank wire transfer and the receiver returns the money a couple of days later, I still have to pay the fees for the transfer. Where’s the difference?
  17. HaleiwaHI

    HaleiwaHI Active Member

    There's something too logical about that response. I gotta think about this one for awhile.
  18. iPen

    iPen Well-Known Member

    The buyer would have to wire transfer the money back and pay similar fees, no? There's a cost to both the buyer and seller, and a disincentive to use wire transfers to both parties if it can be avoided (for "everyday" goods and services). With PP, only the seller bears the cost. It's also why wire transfers for everyday consumers isn't as popular as CC, PayPal, etc.
    harrync likes this.
  19. Libby007

    Libby007 Member

    PAYPAL BURNS SELLER.....AGAIN! Below is my response to a claim made through PayPal. PayPal forced me to REFUND after just 2 minutes (2 MINUTES!) of me posting my clarification response below!!!

    Dear PayPal Resolution Center:

    This buyer bought this coin from me on July 5, 2019. This started a series of “unusual” activities. It started with the buyer putting the coin on eNay for sale within hours of me accepting buyer’s offer. Buyer used my images and wording to attempt to sale the coin while the coin was still in my possession…not a big deal.

    After over 2 months of trying to sale the coin on eBay, buyer contacts me wanting me to accept the coin back for full refund.

    The buyer’s reason? Buyer stated “I no longer want the coin and has no use for it”. Buyer has had the coin on eBay for sale the entire time.

    After 2 months of trying to sale the coin on eBay, now he wants his money refunded.

    I offered to buy the coin back at a lower price (my original cost). His response was, “Fat chance”.

    I am convinced this buyer – because he could not sale the coin on eBay for a substantial profit – is attempting to force me into a refund.

    Here’s a question: So, buyer’s reason for opening this “claim” is that “Item not as described”.

    If in fact the coin “is not as described”, then why did he attempt to sale it for in excess of 2 months on eBay with the same images and wording from my sale to him? Answer? He’s not being honest with you.

    Please feel free to contact me for any clarifications, whatsoever.

    OH.....And of course......PayPal will KEEP their fees! Rip-Off!
    Last edited: Sep 23, 2019
    HaleiwaHI likes this.
  20. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    I don't see a problem with this. It says it doesn't apply to voids or most disputes. So if you SNAD you get a full refund. This only applies to discretionary returns without a reason. I like that change as a seller. It will discourage some frivolous returns.
  21. UncleScroge

    UncleScroge Active Member

    Best Answer
    Wow! Un-frekin'-believable.
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