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<p>[QUOTE=&quot;NPCoin, post: 417057, member: 5629&quot;]Everybody should also write to the Attorney General&#039;s office in your State!&nbsp; Something that most people seem to either ignore or not understand at all is that PayPal <b>IS</b> a financial institute.&nbsp; They are required not only to register the proper paperwork, but also abide by State regulations for financial institutes in <b>each State</b> they conduct business through.</p><p><br /></p><p>This is VERY important, because I have yet to see anybody on any of the fora I frequent make a comment about exactly <b>WHAT</b> this new &quot;electronic payment only&quot; bid by eBay is really about.</p><p><br /></p><p>Again, I emphasize, eBay is currently a venue, but will no longer be after implementation of their new &quot;rules&quot;.&nbsp; Currently, you enter into a contract between the seller and buyer.&nbsp; These contracts are legally binding.&nbsp; You are not forced into these contracts, you may choose not to enter into the agreement.&nbsp; As such, and with any contract, the promissory to pay becomes a legal debt to the buyer.&nbsp; A non-paying bidder very well could be forced to pay the contract promissory by a court of law.&nbsp; This IS a contract!</p><p><br /></p><p>Likewise, unless the contract specifically outlines the form of payment to be made to honor the contract, <b>any</b> legal tender may be used to tender the debt to the contractor...this includes checks and money orders.&nbsp; Now, with eBay &quot;auctions&quot;, the payment form is specified, meaning that the seller may or may not choose to accept legal tender.</p><p><br /></p><p>However, what we have with the new eBay rules, is the restriction from being allowed to accept legal tender for a debt!&nbsp; I do not personally know of any landmark cases to this affect, where a venue (along with all of its safe harbors) has done or has been found to have the legal right to restrict the use of legal tender.</p><p><br /></p><p>Yet, even all of this is not the reason to &quot;get in arms&quot; about the electronic payment situation.&nbsp; I&#039;ll explain a bit more in the next post, and why it is imperative to contact the States and make complaints, inquiries, and requests for investigation.[/QUOTE]</p><p><br /></p>

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