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paypal mechanics... am I out of my gourd?

by S.Brothers

12 May 2012 - 04:58 PM Post #1
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So, I joined the museum this week. Utilizing their bustling market place, I entered in to an agreement to buy a seat.

I pay using balance in my paypal account.

The guy says, "I will ship when the funds clear".

I say... "huh... it's not an e-check. You already have the money".

He says, "no... you paid pay pal, I have to wait 3 to 4 business days for the money to get to my bank".

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I'm just letting it go at that. I mean... I'm not going to argue about it.



But... isn't it a little weird?


I mean suppose he wanted to buy something using paypal right now. It costs $45 let's say, just for example. He could do it, using the $50 in funds I sent him yesterday. He'd pay and there would be no question of paypal holding those funds until "they clear". It's his money, it's real money and it's in his account right now. He can use it to buy something else right this very moment.

Just sayin'.

He seems to be treating it like an e-check, where there is some question that the funds might bounce. If I had sent an e-check through paypal... yes, it would definitely need to clear. Using paypal funds, as I did, is instantaneous. The money is already in his account.

Am I missing something?

12 May 2012 - 05:06 PM Post #2
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When you pay with paypal balance / or bank account. the funds should transfer instantly.
It only has to clear when using a non verified account.

You're right.
The seller must be confused.

12 May 2012 - 05:14 PM Post #3
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yeah...

Whatever. Not sure why this bugs me. I should just go with the flow, it's not the end of the world.

12 May 2012 - 05:30 PM Post #4
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I think what he is trying to say is that it takes paypal 3 business days to transfer money into a bank account. With that being said he might not have a paypal card to access his funds. BUT you are exactly right he could actually spend the money right now.

12 May 2012 - 05:51 PM Post #5
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You dont have to have a paypal card to access your funds. Just a computer and an email address and yes it takes three days to transfer money from PP to your personal bank account but how is that Steves problem?? Once PP shows the instant transfer, its not like Steve can go in and steal his money back.Dudes a fucking idiot, obviously. Welcome to the museum. :doh:

.....and again I reiterate that the human race is fucking stupid :)
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12 May 2012 - 06:53 PM Post #6
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I've bought stuff off the museum, but generally don't go there for anything else due to the complete idiots on that site. Douche bags two toning z-rims............pleasePosted Image

12 May 2012 - 09:48 PM Post #7
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View PostBrian Hays, on 12 May 2012 - 11:51 AM, said:

You dont have to have a paypal card to access your funds. Just a computer and an email address and yes it takes three days to transfer money from PP to your personal bank account but how is that Steves problem?? Once PP shows the instant transfer, its not like Steve can go in and steal his money back.Dudes a fucking idiot, obviously. Welcome to the museum. :doh:

.....and again I reiterate that the human race is fucking stupid :)

Brian I agree that you don't have to have the card to access the funds but dude might not have the $$$ to mail the item until the money is in his hands, no printer, several things. No excuses what so ever the guy should mail his shit ASAP if he's going to sell on there.
I was giving an example why the guy might be holding thats all. I AGREE ITS COMPLETELY WRONG

12 May 2012 - 10:02 PM Post #8
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The only time I 'hold' shipping on an item until I actually recieve funds is on international sales. That sucks he is doing that...apparently there is a feedback forum over there as well so that might warrant a mention?

12 May 2012 - 11:02 PM Post #9
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He can spend his Paypal money, but depending on his bank and policies it may not transfer to his bank account for a couple days where he can get his hands on it. I mean real money in his hands. He might need that to ship. That has happened to me as a seller before. I needed the cash to in hand to ship stuff. Then I learned not to sell anything, when I was down to zero and be certain to have enough funds to go selling. Sound silly but you need to have a at least a hundred or more before you list multiple items? .02

12 May 2012 - 11:02 PM Post #10
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Steve, you didn't mention if your account is verified or non verified? As a seller, I'm super gun shy because I have very little protection from a number of things that can go wrong. If you are verified, I would ship asap.

13 May 2012 - 12:04 AM Post #11
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I'm the most verified m'fugger in the game.

Posted Image


but yeah... I am verified.

I thought I was struggling... but not having a few bucks to send something? Wow. That's scrapin' bottom. I'm not there yet.

I will not criticize those who are. Hopefully that is a reality that will always remain a place I never have to go.

So, maybe that's what it is. But since this is about a $7 shipping package at most... he probably is actually just a guy that doesn't understand paypal.

13 May 2012 - 01:09 AM Post #12
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You are probably right, probably shipped on an e check or something.

No kidding, I have ran stuff, with no dough to ship it on, even high end stuff I guess.

And because I hit "Priority" some places have special zones where it doubles, and then hit a big box, and no kidding you need 40 bucks to send a set of CBR cruiser bars to NY from Ca.

I still do not cruise at the Museum, but I have tried to log on a few times. Gave up in frustration. Probably not as good at hitting all the sources, like Perry was so good at.

Hope you get your seat in time.

Later,

A.G.

13 May 2012 - 05:33 AM Post #13
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A bit of clarity, on why this is playing out. When you use paypal, to send money, make a purchase, or recieve money, there is a disclaimer that pops up, and says "MONEY CAN TAKE UP TO 3 DAYS TO APPEAR IN YOUR ACCOUNT, OR IN THE OTHER PERSONS ACOUNT" I have seen that every time. Its a disclaimer, incase it does not go thru over night like most of the time it does so. They are just posting this disclaimer for the worry warts who stare at their acount balance when a trasaction is made. It lessons the chances of un-needed phone cals, and inquiries of "wheres my money?"...This is probably why this guy is doing this. My 2 cents...

13 May 2012 - 12:15 PM Post #14
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Steve,

I'm going to the dark side on this one brother, with a couple of caveats.

/rant on/

I don't ship nothing, not a dang thing till CASH is in my hand, and papal isn't cash. It may be "trabnsactable", (yea that's a word I made up) but I can only use it if the item I want or the service I desire is set up to be funded by paypal. It's a sad testament that I feel like I have valid reasons for running my game this way, but....... there is enough time in 48hrs for someone to paypal me, me to put it in the mail/ups/fedex, and them to run a complaint on me and get the funds in my account froze. At that point MY goods are still on their way with little to no chance of me stopping them in transit. And it has happened. Worse yet, I can have funds from 10 transactions sitting in my account and it only takes one douche to blow it for everyone. If I am running multiple sales, no ones stuff goes out the door till all funds are out of paypal and into my account, so if one guy is slow paying, then so be it.

I would prefer USPS MO, but even those are getting to be hassle and can be faked fairly easy. Then there is the guys who complain about having to go to the bank or USPS for MO or "bank funded" cashiers check, "It's inconveniant". Guess what dork[sic], whatever I am selling I am not in a hurry to sell and I am not selling things that should show up on anyone's must have to get through life list. As in, not necessities, but nice to have wants. So I relent and take paypal, but I take it my way!

/rant off/

However; having said all that, you are in good company with about 8ish people I would ship the goods before paypal even hit my account or a check arrived in the mail.

13 May 2012 - 01:08 PM Post #15
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I have not had one transaction where the money was not in my paypal account (only exception being from some douche paying with an e-check) immediately after they paid. Rarely does it take longer than a day to transfer the money into my bank account. I agree, sounds like the cat doesn't get how paypal works.

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