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Old 29.05.2014, 17:28
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I have few basic paypal questions

For the sake of this discussion let us assume that I am a poet. Someone in Timbuktu contacts me and says they want to hire me to write 5 poems in praise of their grandfather. I tell them my costs would be $10k but they got to pay $5k in advance. They readily agree but insist on paying via Paypal.

I have a Paypal account with a verified UBS issued credit card. I have not used Paypal for many years and even back then for small purchases only.

As the person is paying upfront I assume I don't have much to lose? Could the guy pay $5k upfront and after getting the poems do something to get the money back? I think it is called "charge back"? If yes then how do I protect myself from getting exploited? Would pulling the money straight away from Paypal account to my UBS account help? OR is it irrelevant as Paypal can pull the money off my credit card?

Also is it straight forward to get the money out of my Paypal account into my UBS bank account? Sorry for the noob questions.
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Old 29.05.2014, 17:35
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Re: I have few basic paypal questions

Hi there, you can find all the answers to your questions on the paypal site, look here: https://www.paypal.com/us/webapps/mpp/paypal-faq
I've been using PayPal for years now and never had any issues. Do you have a reason to distrust that person? As far as I know, your client won't be able to simply take away the 5$ he already paid you. He can however send you a request for payment.
Transferring the sum of money to your bank account is simple and (as far as I'm aware) free.
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Old 29.05.2014, 17:37
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Re: I have few basic paypal questions

If you want to be exposed to potential fraud then paypal s your friend
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Old 29.05.2014, 17:44
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Re: I have few basic paypal questions

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Hi there, you can find all the answers to your questions on the paypal site, look here: https://www.paypal.com/us/webapps/mpp/paypal-faq
I've been using PayPal for years now and never had any issues. Do you have a reason to distrust that person? As far as I know, your client won't be able to simply take away the 5$ he already paid you. He can however send you a request for payment.
Transferring the sum of money to your bank account is simple and (as far as I'm aware) free.
Thanks I have been reading those and many other forums

No reason to distrust apart from the fact that I don't know the person and that Timbuktu is very far away. Also it is lot of work writing 5 long poems if in the end I am left with a big fat 0
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Old 29.05.2014, 17:46
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Re: I have few basic paypal questions

How about you ask that person to hire you through a freelancer website like odesk or elance. These sites pay you via PayPal and you have a guarantee to receive your payment through Escrow or other means. As I said, I personally never encountered any problems with PayPal so far.. maybe I was lucky Good luck!
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Old 29.05.2014, 18:10
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Re: I have few basic paypal questions

As soon as you have the $5000, transfer it out to you bank account...
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Old 29.05.2014, 18:42
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Re: I have few basic paypal questions

"Please update your card's expiry date as soon as possible to continue using PayPal."

I just logged into my Paypal account and I saw the above message. As I am not making any payments I was thinking maybe I should not update it for now. Instead link my bank account to Payapl so I can receive and then transfer the money to my bank ASAP leaving $100 behind for Payapl to deduct their %. This way Paypal won't have any credit card to do charge back on.

Then I read AbFab's post which says something similar and after bit more Googling I found that Paypal CAN actually pull money out of your bank account too lol So no winning I guess.

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As soon as you have the $5000, transfer it out to you bank account...
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Old 29.05.2014, 18:47
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Re: I have few basic paypal questions

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"Please update your card's expiry date as soon as possible to continue using PayPal."

I just logged into my Paypal account and I saw the above message. As I am not making any payments I was thinking maybe I should not update it for now. Instead link my bank account to Payapl so I can receive and then transfer the money to my bank ASAP leaving $100 behind for Payapl to deduct their %. This way Paypal won't have any credit card to do charge back on.

Then I read AbFab's post which says something similar and after bit more Googling I found that Paypal CAN actually pull money out of your bank account too lol So no winning I guess.
This is why paypal is an open chequebook to defraud you
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Old 29.05.2014, 19:02
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Re: I have few basic paypal questions

Just ask for a normal bank transfer, even agree to all the charges it will save you 200 or more in paypal charges. There is a good chance the buyer will file a dispute & paypal will block 5k or take from your bank. It's great for small deals but never for a 10k transaction
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Old 29.05.2014, 19:18
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Re: I have few basic paypal questions

I am using Paypal and so far I have no issues. As long as you keep tracks/proofs of all the communications between you and buyer and proof of delivery of the service, you are in strong side even if there are chargeback claims.
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Old 05.06.2014, 19:20
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Re: I have few basic paypal questions

One day you'll have a bad surprise…even with small amount, you'll always have some risks…it's just about the number of transactions and your luck.
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Old 18.10.2019, 21:14
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Re: I have few basic paypal questions

So, 5 years later. I only wake up this thread because the title fit the best.

Paypal CH claims, paypal payments are free. But that's not true as sellers on internet want to charge fees. (so far noticed with microspot and esons).

Is that the fee they have to pay to paypal as the recipient?
Are they allowed (by paypal) to pass them on to the customers?

That leads me to notice that sellers don't really like paypal - does anyone know why not? (they have to pay for example mastercard-charges as well yet do not pass them on to customers).
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Old 18.10.2019, 21:50
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Re: I have few basic paypal questions

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So, 5 years later. I only wake up this thread because the title fit the best.

Paypal CH claims, paypal payments are free. But that's not true as sellers on internet want to charge fees. (so far noticed with microspot and esons).

Is that the fee they have to pay to paypal as the recipient?
Are they allowed (by paypal) to pass them on to the customers?

That leads me to notice that sellers don't really like paypal - does anyone know why not? (they have to pay for example mastercard-charges as well yet do not pass them on to customers).
I sent money to someone in Germany and Paypal charged me a whopping 10% fee! Really surprised and don't remember anything similar in the past.
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Old 18.10.2019, 21:52
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Re: I have few basic paypal questions

Is it possible that these shops also charge service charges for using credit cards and this is how they pass this charge on to you? Maybe PayPal is free but the vendor still assesses charges on the customer.
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Old 18.10.2019, 22:06
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Re: I have few basic paypal questions

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I sent money to someone in Germany and Paypal charged me a whopping 10% fee! Really surprised and don't remember anything similar in the past.
But you sent Euros from Switzerland? They do mention charges when the payment is in different currency.

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Is it possible that these shops also charge service charges for using credit cards and this is how they pass this charge on to you? Maybe PayPal is free but the vendor still assesses charges on the customer.
No idea.

There was even (an automatic, I guess) email from them asking why I stopped ordering. LOL.
I wrote back they charge for invoice, for pay pal and my reason why I can't use mastercard (I refuse, absolutely refuse to bring my handy into financial matters and they changed the securecode-thingy from password to sending code to your handy. Call me old fashioned, call me names, it won't help).
Told them I pay for goods but not for payments.

Anyway, I have to find a solution. Not for this particular order I didn't place but in general.
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Old 18.10.2019, 22:34
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Re: I have few basic paypal questions

Louis Rossman talks rather colourfully about PayPal fees and recent changes..

Likely that merchant fees will rise for all of us who she with PayPal.

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Old 18.10.2019, 23:20
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Re: I have few basic paypal questions

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Louis Rossman talks rather colourfully about PayPal fees and recent changes..

Likely that merchant fees will rise for all of us who she with PayPal.

Thanks.
I actually haven't used papal yet. When I thought it might be a solution for me I found out I had a password there since like for ever and never used it. So I updated my data and now it seems, I won't follow this idea up as it's not the kind of solution I'm looking for.


For those who actually want to watch the video John_H provided



So now the next thing will be 'back to the credit card but how do I keep my handy out of it all'
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Old 10.10.2020, 11:07
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Re: I have few basic paypal questions

An update on PayPal terms and conditions.

As of mid-December 2020, if you have not used your PayPal account in the last year, you will be charged CHF 12.-

To avoid this charge it seems you just need to sign into your account during the period to avoid the charge.

It is not clear from the article that I read if you need to sign in before mid-December or if it is ok to sign in after mid-December. To be safe, it would be best to sign in before and sometime after.
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Old 10.10.2020, 11:19
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Re: I have few basic paypal questions

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An update on PayPal terms and conditions.

As of mid-December 2020, if you have not used your PayPal account in the last year, you will be charged CHF 12.-

To avoid this charge it seems you just need to sign into your account during the period to avoid the charge.

It is not clear from the article that I read if you need to sign in before mid-December or if it is ok to sign in after mid-December. To be safe, it would be best to sign in before and sometime after.
what an excellent reason to dump these parasites.
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Old 10.10.2020, 12:45
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Re: I have few basic paypal questions

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what an excellent reason to dump these parasites.
So every business that charges you for a service is a parasite then....
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