Subject:
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Re: Mike's Brickbay shop - new inventory added
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Newsgroups:
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lugnet.market.buy-sell-trade
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Date:
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Fri, 8 Dec 2000 12:58:06 GMT
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Viewed:
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623 times
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In lugnet.market.buy-sell-trade, Ran Talbott writes:
> In lugnet.market.buy-sell-trade, Mike Stanley writes:
>
> > This URL may be helpful for those new to
> > Paypal or those who have never done what Paypal calls an "eCheck" payment:
> >
> > http://www.guarded-inn.com/lego/paypal.html
>
> Then again, it may not: the info there is incorrect. "Instant eCheck"
> payments aren't "credit card" payments. They're bank account debits that are
> sent instantly because they're secured by a hold on the sender's credit card
> until the "add funds" transaction goes through. Check any of the payments >I've
> sent you: ever since I got "verified", it's the only method of payment I've
> used. And my transaction logs show the source of funds as "Non Credit Card".
It does look like the screen shots are out of date now, since I just
rechecked the site, but they were current as of a day or two ago.
Paypal used to define Instant eCheck as "credit card" - meaning the sucked
the money from a CC. They defined eCheck as you describe - pulled from your
bank account (which they SAY takes four days but really doesn't, but I guess
they have to make their money somehow) while secured with a "hold" on your
cc. I assume that the hold could turn into a charge if for some reason the
bank account thing didn't work.
I'll be revamping the page with the new screenshots, although now I think it
ought to be painfully obvious how to send NON credit card payments. Before
the credit card payments were the default unless you clicked on another tab.
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