View Full Version : Setting up PayPal
10-17-2010, 08:32 PM
I am thinking about selling some of my numismatics and possibly straight PMs online. Using the buy and Sell area has its benefits, but getting the initial setup to receive verified payments is an area I have zero experience in. Any suggestions as to how I should proceed?
10-17-2010, 09:40 PM
I hate paypal. It was a good idea that has gone corrupt. Sell using MO or check and you won't be sorry, get in bed with those bastards and you probably will be.
10-17-2010, 11:41 PM
I never had problems with paypal. Its not that hard to set up. The registration process is pretty straight forward. They need your name and address and you have to link a bank account. Once that is done you are ready to accept money! You can also look a Google Checkout. It it similar.
10-18-2010, 12:47 AM
When I first heard about PayPal (1999), I was very doubtful. They would give five dollars to sign up, there would be NO (!) fees, and they would make their profit from the "float" on the account balances. My response was, "They are liars! They are f'n liars!"
Well, after ten years, have they kept their promise? Do they still offer a few dollars bonus for signing up? Do they handle transactions with ZERO (!) percentage fees? Are they content to just make their money from the "float" on the deposits with their bank? Well?! Are ANY of their promises still true?! ANY OF THEM?!
It is pretty obvious to me that PayPal is a corporation that will not honor its promises, and is therefore unworthy of future existence.
If you use Papal on fleabay as a seller be prepared to loose your $ and merchandise at least once. Recent changes to ebay and Paypal almost always side with the buyer. All they need to do is file a claim, send the item back (really just provide a tracking number to PP) and PP pulls the $ out of your account. I've lost a $68 item to this process. In my case the item was delayed in the mail and although successfully delivered late, I lost the money and item. It could have been worse, a friend recently sold a $2000+ sterling punch bowl. After the buyer filed a "SNAD" claim (significantly not as described), and Paypal said to return it, my friend received a bubble wrapped brick in the mail...
10-30-2010, 02:42 PM
I consider PayPal, and especially eBay, as forms of taxation for the "privilege" of selling on-line.
eBay does favor the buyer, and savvy buyers will take advantage of that fact.
I only use eBay when I need FRNs and have no other means of selling, and after all the fees, I am happy to break even.
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