PayPal: "We are altering the terms of our agreement, pray we don't alter them further"

Discussion in 'Coin Chat' started by -jeffB, Oct 6, 2022.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Just got another "Policy Updates" email from PayPal, and noticed this in the list of changes:

    Wonder what this might mean for anyone trying to accept PayPal payment for silver or gold coins?
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  3. Muzyck

    Muzyck Looking for the one that got away

    Risky transactions from an AML perspective. In my business, trade in those would require extra scrutiny.
  4. fippohippo

    fippohippo New Member

    what does that mean?
  5. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    I pay no attention to messages from pay pal or ebay. Just yesterday I recieved a ebay change of terms or some other bull! It went in file 13.
    Ive said it before ebay as well pay pal have 1 foot in the grave and the other on a banana peel.
    They systematicly putting themselves out of business. I buy on ebay ,but no longer sell and at one time I had a store and was a power seller....
    Both buyers and sellers are fed up with their CYA for ebay and pay pal ...yet as long as they dont loose a cent they could careless about a seller or buyer.
    Try to contact them.... you have better luck having lunch with the pope.
  6. baseball21

    baseball21 Well-Known Member

    They arent going out of business. There's plenty of complaints about both and yes eBay is trying to move more to an Amazon big seller type model but they arent going to go out of business.
    norantyki and serafino like this.
  7. charley

    charley Well-Known Member

    Yes, they could, and that is exactly what the latest Policy Update is doing...reinforcing that eBay does care less, more and more every day.
    -jeffB and Paddy54 like this.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Not that I disagree at all, but this was a PayPal policy update (this time), not an eBay update.
  9. charley

    charley Well-Known Member

    Can you verify the philosophical and entity difference for me? I know I morphed. I do that. eBay "Terms" and "Policies" are PayPal 'Terms" and "Policies". They don't and will never cut each others' throat. This new (tongue in cheek) Policy Update had the Blessing of eBay or it would have never happened. There is extra Wampum for both in them thar woids. That is the only decision for any decision published by either entity (one in the same). Yeah, yeah, I know all about the supposed "split" that isn't but is tax avoidant and stock market acceptable. Green is a pretty color, until the exit point of the color has an odor that is not attractive.
  10. -jeffB

    -jeffB Greshams LEO Supporter

    I'm still under the impression that eBay and PayPal are somewhat on the outs. Yeah, the merge-then-spinoff years ago was partly theater, but the more recent enforced move to eBay Mangled Payments seems like it was entirely at PayPal's expense, cutting them out of a big part of eBay traffic.
  11. charley

    charley Well-Known Member

    Consideration has to be given to the end target in this latest "Policy": the Seller. eBay and PayPal is not going to shoot themselves in the cash register by tying the buyer's hands behind their back.

    Some weighted consideration also has to be given to the financial entities that are involved...both entities are accommodated for the good of capitalism, as it should be, but the hide the donkey act is as old as the Bethlehem story.
  12. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    To my knowledge Ebay and Pay Pal was one in the same....anti trust laws forced the split. The company I worked for for 38 years opened a new store within 1 mile of another food store...of a difference name... however they both were under the same banner.... meaning they were connected.
    Thus anti trust laws forced my company to sell the location to Safeway.
  13. imrich

    imrich Supporter! Supporter

    Prior to the recent change in reporting from $10000 to believed $600, they had a problem allowing a singular order for a >$10000 coin.

    I suspect the new singular order limit may be changed at $600, but probably a call would be necessitated to verify changes.

    I just received a change notice from Ebay, but they wouldn't supply specifics, and buyers are no longer allowed to contact them, so I also removed them for purchases.

    I just cancelled Paypal use after having a problem where my funds were frozen for a considerable period, and they tried an ~$6000 "charge-back", which included a home phone call.

    I suspect reporting may cause required changes for some items.

  14. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    Years ago there was a write up in the Baltimore Sun paper. The article on how ebay now took 250,000 members and told them unless you give us a link to your bank account,and SS# we reserve the right to hold your funds 6 months before we release the money.
    Do any of you remember Jello ? He was an ebay seller as well member here. Jello was hurt bad and relyed non his army pension and disability to live on. Ebay told him that even if the transaction cleared and postive feed back given....his funds wont be available for 4 months or more after the transaction.

    When on a disability check one eats hand to mouth.... youre not living the high life until the courts settle the claim...and then the lawyers take 40 %.
    So how can you sell on ebay and wait months to recieve your money? On a limited income...
  15. baseball21

    baseball21 Well-Known Member

    Anti trust laws had nothing to do with it. One of their biggest investors had been pushing to split paypal off for a while knowing that it would be worth far more than eBay on the stock market as a solo company. eBay fought tooth and nail to prevent the split but ultimately Ichahn won out along with others like Musk that wanted the split

    Yes there is bitterness from eBay towards them for forcing their split costing them a major asset
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