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Subject: 
Re: Can we all agree to do eCheck payments with Paypal and not CC?
Newsgroups: 
lugnet.market.services
Date: 
Sat, 2 Dec 2000 19:44:20 GMT
Viewed: 
1865 times
  
In lugnet.market.services, Mike Stanley writes:
What I'd like to know is if people think we as a community of AFOL buyers
and sellers can agree that if we're going to use Paypal to handle our
transactions, we only do so with non-CC methods?

Okay, here is my problem:

I have previously never had a balance in my Paypal account because I never
sell anything via the internet.  It just so happens that a seller recently
kicked me some money back again because the item was not in the condition
described, so I had a balance when I made payment to another seller today.
At no point during the Paypal process was there a radio button or some such
to select a payment method.  I guess that normally my payments are just
pulled from my credit card.  And I gather that this is precisely what Mike
wants us to avoid because of the additional costs.

I note that when one is in the "My Account" tab of the Paypal interface,
there is an option to "Add Funds."  The two choices there appear to be:
"Electronic Funds Transfer (3-4 Business Days)" and "Personal Check (1-2
Weeks)."  Both of which merely add time to a transaction unless I maintain a
balance, which I am not sure I care to do.  Then again, I suppose it may
make no difference -- but it does add a step somewhere to what I am already
doing.  No big.

I have been privately requested to send payment via "Bank Transfer Method"
or something called an "eCheck."  I can easily connect the dots between a
thing called "Electronic Funds Transfer" and a thing called "Bank Transfer
Method" which I am going to assume are the same things, but what the heck is
an "eCheck"?

Who can add it all up for me and correct me where I may be wrong?

-- Richard



Message has 1 Reply:
  Re: Can we all agree to do eCheck payments with Paypal and not CC?
 
"richard marchetti" <blueofnoon@aol.com> wrote in message news:G4yHHw.2Hu@lugnet.com... (...) is (...) Your account must be set up to draw from a bank account instead of a credit card when a send payment drops your balance below $0. I'm not sure (...) (24 years ago, 2-Dec-00, to lugnet.market.services)

Message is in Reply To:
  Can we all agree to do eCheck payments with Paypal and not CC?
 
I know several people (including myself) are dreading the day when we're forced to switch to the Premier or Business account at Paypal. Getting slapped with what will work out to about 3% in fees on every transaction will sting, and in many cases, (...) (24 years ago, 2-Nov-00, to lugnet.market.services)

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