[ForSale-Swap] Paypal fees

[Radioman390 at cs.com]

Art <KY1K at verizon.net> wrote:

>OH Boy!!!!
>
>What are you thinking of???
>
>The original message said nothing about ebay auctions!!!! You are the 
>one who equated the question with ebay, not the original person 
>making the post.
>
>
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Well, except for the fact that PayPal is owned by EBay, you're right.
But what confuses me is that why would anyone join PayPal unless it's for an EBay transaction. 

But you are absolutely right, I tied them together, not having read the earlier post. Me bad.

But the second part which explains how PayPal has the right of offset is highly applicable to any transaction, as in a private sale. True, some merchants take PayPal (although the only one I ever used has stopped taking it). Also the issue of how to get money from Paypal after they collect it for you is still right on.

In case you missed it, here's that part:

>Getting your money out of Paypal is possibly costly too.
>If they send you a debit card, you can either:
>1. Take a cash advance (a fee applies, but is only $1 if you get it
>from a Chase Bank ATM)
>2. A transfer fee to move the money to your linked bank account
>3. However, if you use the Debit Card to buy stuff, gas or whatever
>(Mine says Master Card), then there's no fee.
>
>You have to be careful because if your PayPal account is linked to
>your bank accounts, they have the right to take money out of your
>account without notice if a buyer says the goods are NG, or you cheated him.
>
>I recommend that you open a separate bank account to which the
>PaqPal account is linked. Keep, at most, a hundred bucks in it, and
>only replenish it if you buy on Ebay. It'll take a day for the
>charge to hit your bank after you pay for the auction, so you'll
>have time to put cash in before the debit comes through and
>generates a "not sufficient funds" charge from your bank.
>
>There is one other benefit to the EBay debit card: It has a limit on
>it, so I do my online buying with it, putting just enough money in
>my bank account to cover those online purchases. Also I use it in
>restaurants if I get a creepy feeling that the waitperson might be
>"skimming" my card number.