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Friday October 21, 2005 2:28 pm
eBay Now Only Allows Paypal Payment Service
Okay, so we all know that Google is set to unleash their online payment system, probably called Google Wallet, any time now. Coincidentally, eBay has just updated their “Safe Payments Policy,” which includes the following statement:
Not permitted on eBay.com: Sellers may not solicit buyers to mail cash. Sellers may not ask buyers to send cash through instant cash transfer services (non-bank, point-to-point cash transfers) such as Western Union or Moneygram. Finally, sellers may not request payment through online payment methods not specifically permitted in this policy.
Basically, they are saying that if you are a seller, you can ask for check, money order, or Paypal payment (including credit cards) - you can not ask your buyer to pay you through Google Wallet when it launches. Odd - my experience with Paypal, along with horror stories from others, lead me to believe that if you were creating a “safe payments” plan you would stay the hell away from Paypal. What’s that? Oh, yeah - eBay owns Paypal. I get it now.
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Comments:
Man, this is a load of crap. Paypal is quite a ripoff. They should straighten up, or Google will probably launch an auction site, also. I’m no fan of google owning the world, but whatever Google comes up with will probably be better, anyway.
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Oh, bull crap. I have used Paypal hundreds of times, as a buyer and seller, and never have a problem. Almost everyone I know has also used it, and I have never heard a single story of something going wrong. Suck it up and admit when something is good.
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F them. I’ll use what is cheaper…
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True, we wouldn’t be able to use Google Wallet without eBay’s approval. I don’t really agree with this policy.
But PayPal isn’t the only approved online payment method - they also mention BidPay in the paragraph you didn’t quote from their new policy.
IMO, a few bad sellers have ruined it for all, and eBay is taking advantage of the few rip-offs to try and force more people into using PayPal.
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Never had a problem with paypal. Always free and always accurate. The only thing that bothered me was when you send a payment and it goes to the wrong email, you’ve just lost that amount if someone cashes it.
There’s always bidpay.
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Always free, albundyhere? They charge you a percentage just to move money around on their own damn servers. I sent about 200 bucks to my fiancee’s account so we could get one check from them instead of two, and it cost us 4 percent! I can understand charging at cash-out and pay-in, but this crap is ridiculous.
Plus, Paypal has a pretty big piece of the pie right now, which enables them to get away with crap like this: http://www.wired.com/news/hurricane/0,2904,68788,00.html?tw=rss.TOP
Since it’ll be a good ten years before the government regulates this kind of thing, it’d probably be a lot faster to ensure that competition exists, thereby giving the companies a good reason to police themselves.
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Why? Pay pal is a rip off and if google happens to launch an auction site they are screwd. Google wallet is probally going to blow paypal out of the water. Google never leaves anything half done.
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Bill,
You’re an idiot. Paypal suck. For example, if you receive a payment from a fraudster, and it’s from a credit card, you get slugged with a $35US fee after their ‘investigation’ is complete. They dont even listen to your input, they just suck.
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Regarding the statement that it will be 10 years before PayPal is regulated—it already is regulated. It’s a registered Money Transmitter in most states. It has to comply with certain anti-money laundering regulations issued by the Treasury Department. It has to comply with state consumer protection laws. The NY state Attorney General’s office has fined it for certain practices. PayPal is regulated—but primarily at the state level.
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Regardless of Paypal’s merits, eBay restricting it’s users to ANY single form of payment is really rediculous.
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I’ve used paypal to pay for many purchases with no trouble. I am not a seller, so I don’t know how much paypal charges vendors to accept payments, maybe that’s the ripoff part. I’ve received funds from another individual, and was not charged and I don’t think the other party was either. One thing that Paypal has very wrong is that if someone that has sent you money in the past changes their email, OLD transactions CHANGE to reflect the new email. That is altering records, and if someone had some legal issue, and went back to look at their records, they would be different than they were when the transaction took place. The state banking regulators say they have no jurisdiction, and of course Paypal never answered any of my email complaints. If you have any transaction that may need future looking at, at least print a record if it when it happens, because if the sender changes their email with Paypal, the record will not be the same- and the party’s email for example, won’t match the email that might have been also used for correspondence. Bad technical glitch.
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