[Milsurplus] eBay does it

[Revcom]

One can only say it is coming!  We run a business and take a multitude of 
credit cards, including PayPal.  Local bank, and am sure others are doing 
the same, is now issuing "traverler's cards".  These are plastic traveler's 
check devices that are 'preloaded' at the bank and processed just like any 
credit card.

Now, big thing for us, we get "dinged" anywhere from 2.8-3.4 % on each 
transaction, depending on the card issuer.  Bank says it is a sign of the 
times and they predict they will NOT process paper checks in 5 years or 
less.  Of course there will always be CASH transactions but they forsee no 
paper drafts for payment being accepted by anyplace hardly.  They prefer 
ACH, automatic drafts, and everything electronic transfers.  I don't like it 
particularly in that if we have a lot of plastic transactions, it reduces 
our take by about 3%, that is an automatic overhead you can't escape. 
Thinking about not taking them, but banker says no.

The younger generation is all for this, have a daughter, 20+ generation, and 
she does NOT carry cash nor a checkbook.  And says that none of her friends 
do either.  Sigh!  Long for $20 bills at swapfests!!

E Pay might be ahead of the curve on this. Of course they own PayPal, 
financed by GE Money Bank.  As the ad says, "Whats in your wallet?".

Rod
K0EQH





----- Original Message ----- 
From: "Ben Dover" <quixote2 at ix.netcom.com>
To: "J Forster" <jfor at quik.com>; <milsurplus at mailman.qth.net>; 
<hp_agilent_equipment at yahoogroups.com>; <GenRad at yahoogroups.com>; 
<AILtech at yahoogroups.com>; <armyradios at yahoogroups.com>
Sent: Tuesday, August 26, 2008 12:01 PM
Subject: Re: [Milsurplus] eBay does it


> Yeah...  I saw this one come out late last week.
>
> The interesting part of it... they claim PayPal will make it easier and 
> safer to deal?
>
> Since Friday I've been trying to pay for a purchase through PayPal, and 
> after NUMEROUS attempts
> (as of this morning, 15 tries) the system is refusing to pay the seller!
>
> So far I've got one PayPal person corresponding by E-mail, and spent a 
> half hour with another
> one on the phone...   SHE was called to explain two mysterious $1.00 
> charges that appeared on
> my account on Saturday!
>
> She found no plausable reason for the problem...   and begged off with 
> "intermittent system
> glitch that we're chasing down now. It should be resolved shortly".
>
> That was on Sunday.
>
> So far, on Tuesday, no resolution...   and they want to force EVERYBODY to 
> give up the option of
> paying by other means, and deal with this "Charlie Foxtrot" of a computer 
> system???
>
> OMG...
>
>
>
> Mr. T., W9LBB
>
>
>
>
> -----Original Message-----
>>From: J Forster <jfor at quik.com>
>>Sent: Aug 25, 2008 10:45 PM
>>To: milsurplus at mailman.qth.net, hp_agilent_equipment at yahoogroups.com, 
>>GenRad at yahoogroups.com, AILtech at yahoogroups.com, 
>>armyradios at yahoogroups.com
>>Subject: [Milsurplus] eBay does it
>>
>>http://pages.ebay.com/sell/August2008Update/Payments/
>>
>>-John
>>
>>===============
>>
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