Author |
Message |
Juju2bigdog
Member
10-27-2000
| Monday, April 05, 2004 - 7:40 pm
Was going to put this in Dumb Questions, but Ebay could be a topic of greater general interest, so I am starting a new thread. I have never sold anything on Ebay, just purchased a few small things. I opened a paypal account and linked it to a credit card, so that when I pay for something on Ebay it goes on my credit card. I did not give Paypal any bank account information and would be reluctant to do so even IF I had not read the Paypal haters' stories link posted somewhere on the board by Twinkie about four days ago. Okay, so here is my question. I have a couple odds and ends of modest value I might like to try selling on Ebay, but I have never sold anything there before. If I want to accept Paypal payments, am I going to have to give Paypal bank account information? I don't really see any other way they can get the money to me. I really don't expect them to post credits to the charge card I have given them.
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Lancecrossfire
Moderator
07-13-2000
| Monday, April 05, 2004 - 7:45 pm
Yes, Juju, you will have to give them your back account information, as they place the money into your account. You have the option of taking only certain types of payments, although some folks won't bid unless Paypal is an option. I think Paypal has gotten better--EBay now owns it--they just recently bought it. I haven't heard any bad stories recently.
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Deesandy
Member
08-12-2003
| Monday, April 05, 2004 - 8:17 pm
I love Ebay and I love Paypal! I have had a couple of problems with both and they were solved quickly and without complaint. It is safer to give your credit info over the internet than it is to give it directly to a live body. I buy and sell on eBay and I am thankful to have the resources that I would not get otherwise!
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Juju2bigdog
Member
10-27-2000
| Monday, April 05, 2004 - 11:20 pm
Ah, I found the link Twinkie posted. Some pretty hair raising stories over there. http://www.paypalsucks.com/
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Cathie
Member
08-16-2000
| Tuesday, April 06, 2004 - 12:02 am
I have used ebay and Paypal for years with no problems, although all of my Paypal transactions have been purchases. The few things I've sold on ebay I only accepted check or money order. Never been burned (yet!)
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Tabbyking
Member
03-11-2002
| Tuesday, April 06, 2004 - 12:11 am
i would prefer to give my info to a person and not over the internet, if i have a choice. i ordered some bob and tom tapes from their site 2 years ago via the internet and i got a RED email all in caps and in 1/2 inch letters from the fbi (and a call from them) maybe a week after my purchase that someone had stolen the credit card numbers from 150,000 internet stores during the 2-hour period encompassing when i used my credit card. godiva's chocolates and some other big names also used this same 'secure' system that was breached. i was told in no uncertain terms to immediately cancel my card because it 'was definitely' going to be used. a group operating out of malaysia and hawaii had hacked into the secure server. they had already used people's cards to the tune of over 300k. personally, i haven't had any trouble with eBay (6 years now) or paypal, but things can go wrong with anything. i do use paypal, such as when ginger had her fire or when a seller only accepts paypal, and i don't like that's connected to my bank account, but that is a baby account with not much in it. i have never had a bad check from an ebayer...
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Deesandy
Member
08-12-2003
| Tuesday, April 06, 2004 - 5:54 am
I forgot to mention that both eBay and Paypal have ways to retract your transactions if you have legit reasons. Just read their agreement completely and there will be no surprises.
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Bandit
Member
07-29-2001
| Tuesday, April 06, 2004 - 8:44 am
I have had nothing but great experiences with Ebay and Paypal. Only once did I run into a deadbeat who took my money and did not send my item, but it was only $11 and I felt it wasn't worth pursuing. Apparently this guy did this to a lot of people, and he is no longer a user on Ebay.
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Kstme
Member
08-14-2000
| Tuesday, April 06, 2004 - 11:16 am
Juju, I have Paypal and use my bank. So far, I've never had any problems with them or eBay. I don't buy much, but I've been with eBay and Paypal since 2000.
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Spygirl
Member
04-23-2001
| Tuesday, April 06, 2004 - 12:11 pm
With all the free checking accounts around, couldn't someone who is concerned open a second checking account and use it only for Ebay?
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Tabbyking
Member
03-11-2002
| Tuesday, April 06, 2004 - 12:14 pm
yep. that's what i have. my 'play money' account. i don't think i ever have more than a hundred bucks in it!
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Juju2bigdog
Member
10-27-2000
| Tuesday, April 06, 2004 - 3:00 pm
Spygirl, I am not aware of free checking accounts that don't require a minimum balance of about $2500. That might be the answer. What banks do you know of that give free checking accounts without a minimum balance? Somebody else on another thread gave me an idea this morning of maybe opening up a credit union account, if I can find a credit union I qualify for. Credit union savings accounts are often free, I think. Not sure about checking accounts.
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Ddr
Member
08-19-2001
| Tuesday, April 06, 2004 - 3:17 pm
Juju, my bank has free checking with no minimum. I've copied the info off their website: This account is for the person who wants hassle-free checking without service charges or any minimum balance requirements. You can write as many checks as you want every month. Unlimited Checkwriting No Minimum Balance No Monthly Service Charge Low Annual Fee ATM Check Card Available No Per Check Charge Easy-To-Balance Statements Return of Check Images or Free Safekeeping of Checks Free Internet Banking
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Beachcomber
Member
08-26-2003
| Tuesday, April 06, 2004 - 3:18 pm
Juju, I work in the banking industry (examiner) and almost all small community banks offer free checking accounts with attached overdraft lines. Also, some of the mega banks have started offering free checking accounts and are advertising this on tv. Credit unions are a great place to look, you are only required to keep a minimum of $25 in the checking account (in my region of the country). And for small business owners, a new account trend among small community banks is free checking for small businesses. When a bank says free checking, they are required by law to make it completely free with no minimum balances, unlimited checks, unlimited ATM activity, etc. Hope this helps!
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Spygirl
Member
04-23-2001
| Tuesday, April 06, 2004 - 3:41 pm
I'm sure it will be geographically dependent, but around here, no one pays for checking unless you get into the interest-bearing accounts or want additional features/perks with your account.
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Tess
Member
04-13-2001
| Tuesday, April 06, 2004 - 4:20 pm
I don't pay for checking and neither does my DH. He keeps a minimum balance in his to also get interest but I don't. It comes with a free ATM card and I don't pay for those withdrawals either as long as I use my bank ATMs which are in the major grocery chain here as well as many gas stations and of course the bank drive thru. Juju, we also have credit union accounts which are free for both savings and checking. I use Paypal for eBay and for making donations online. It links directly to my checking account and have never had any problems.
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Halfunit
Member
09-02-2001
| Tuesday, April 06, 2004 - 4:57 pm
I have interest bearing checking, with a $5 dollar minimum balance at my credit union. I have to pay for my own checks, but I get them online. I pay $20 for 4 boxes of duplicate checks. As for PayPal and online purchases, I use a credit card that only has a $300 limit. Any amount larger than that, I want to touch and feel it and buy it in person.
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Landi
Member
07-29-2002
| Tuesday, April 06, 2004 - 5:13 pm
do you have washington mutual up there juju? they have free checking with no minimum balance.
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Juju2bigdog
Member
10-27-2000
| Tuesday, April 06, 2004 - 8:23 pm
Got Washington Mutual, Landi. Our mortgage is with them. Okay, so small free bank account to keep Paypal out of my main account in case things go wrong. Bigdog is going to think I am running off with the milkman. We have always just kept all of our money together. Thanks, everybody, for the bank account information.
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Eliz87
Member
07-30-2001
| Tuesday, April 06, 2004 - 8:26 pm
I've never had a problem with E-Bay, PayPal, OR my bank. Guess I'm one of the lucky ones.
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Mware
Member
09-14-2001
| Wednesday, April 07, 2004 - 6:58 am
<...thinks Dawg should just use the milkman's bank account...>
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Juju2bigdog
Member
10-27-2000
| Thursday, April 08, 2004 - 11:21 pm
LOL, Mware! Forgot to mention yesterday that I opened my free checking account at Washington Mutual. Landi will be pleased to know that I opened it with a rebate check from Office Max. Hahahahaha!!!
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Avatar
Member
02-20-2004
| Sunday, April 11, 2004 - 5:05 pm
You guys have given some great information here. I've also been dealing with eBay for more than 5 years, and with PayPal for about three years. I have really fought off sending them my personal bank information, but am getting to the point where I really should do it. I presume that once I give bank account information that will verify me, that I can still charge my purchases to my credit card, and the money will NOT be deducted from the bank account...is that correct?
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Costacat
Member
07-15-2000
| Sunday, April 11, 2004 - 5:28 pm
I've used eBay and PayPal for years, with never a problem. Only once did I get "burned" by a bad seller, and I filed complaints left and right and she was banned from eBay (it was for over $50). I've bought and sold on eBay. And I've used PayPal for eBay purchases, as well as other purchases, dinner meetings (STC accepts PayPal), and so on. I use my checking account as the main with a credit card as a second option, but almost always just deduct payments from checking. Do beware, though, that there are a lot of spoofed emails from both fake PayPal and eBay folks. Neither company will ever request you to send personal information via email, nor will they ever ask you to click a link in an email to verify your password or account information. If you suspect you received a spoof, let PayPal or eBay know.
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Avatar
Member
02-20-2004
| Sunday, April 11, 2004 - 8:13 pm
I must head up the spoofer's spoofing eBay list. I can't recall how many of these "trick" letters I've gotten. They have all looked very legitimate, and I send them straight to Spoof@ebay.com.
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Mwtaaa3
Member
09-08-2003
| Saturday, April 17, 2004 - 8:03 am
I'm on that list with you, Avatar. Practically get one every day. Now, they are sending "Re:question for ebay seller" emails that have keystroke viruses in them. I forward both the "Re-questions" and the "your accounts" back to ebay at Spoof@ebay.com. Best of luck everyone.
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