[Jewelry making - Article 00089] - Re: [Orchid] Experiences with Paypal - good or bad

[Matthias Fehlinger]

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Hello Kristi,

>     Once you open an account, to have it "verified", you MUST attach
>     it to one of your bank accounts...and whether or not you
>     immediately withdraw all funds from Paypal, in the event of a
>     complaint or dispute by a customer, PayPal WILL TAKE THE FUNDS FROM
>     YOUR BANK ACCOUNT 

    at least here in Germany this is different: If PayPal takes money
    from my personal bank account, I would go to my bank and tell them
    that this was an unconfirmed transaction. The money would be returned
    to my account in 5 minutes (I did this once when a different company
    took money from my account). Maybe this works in other countries,
    too? 

>     For example, let's say you sell an item for $1500.00, accept
>     payment via PayPal and the buyer asks you to send to their mother
>     for a Mother's Day gift...and then in a few days they file a
>     complaint saying the item was never received. Even if you have
>     proof of delivery, you have sent the item to an "PayPal unconfirmed
>     address", and just by doing that, PayPal will (almost always) take
>     the $1500.00 from your PayPal account OR bank account, and hold it
>     (for up to 6 months, I believe) while they are 'researching'...and
>     items sent to "unconfirmed PayPal address disputes" are vitually
>     always settled in favor of the buyer. That may not be truly legal,
>     but it is in "PayPal land"...and when you're in PayPal land, it's
>     their rules that rule. 

    Thanks a lot for your comment about "PayPal unconfirmed addresses",
    I did not know this. Very helpful! 

Cheers,

Matthias
Berlin/Germany
www.matthiasfehlinger.de
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