Major Changes in PayPal's Policy Impacting Sellers

[Thirsty Whale]

This one just came across on Instagram:



I've also found the article below about the recent changes:

https://www.ecommercebytes.com/C/abb...592622173.html

How do you interpret these changes? I would be curious to hear your thoughts.

[Looking4Luka]

Bitcoin. Instant payments that cost pennies. No middle man. No authority figure needed. Just a pure transaction from point A to point B... dangerous technology that threatens the elite/big corporations. Not to mention, there are only 21 million bitcoin in existence. Unlike US dollars which are currently being printed/created out of thin air. Money machine is going brrrrrrrrr.

[gowizards0]

How are they going to determine what items are intended for resale

[LC2nine10]

Originally Posted by Looking4Luka

Bitcoin. Instant payments that cost pennies. No middle man. No authority figure needed. Just a pure transaction from point A to point B... dangerous technology that threatens the elite/big corporations. Not to mention, there are only 21 million bitcoin in existence. Unlike US dollars which are currently being printed/created out of thin air. Money machine is going brrrrrrrrr.

Bitcoin needs to stablize to take over as a currency.
Great way to make $$$$ investing tho.

Plus I cant pay us taxes with it, so it's use is limited.

[Thebirdman321]

Originally Posted by Looking4Luka

Bitcoin. Instant payments that cost pennies. No middle man. No authority figure needed. Just a pure transaction from point A to point B... dangerous technology that threatens the elite/big corporations. Not to mention, there are only 21 million bitcoin in existence. Unlike US dollars which are currently being printed/created out of thin air. Money machine is going brrrrrrrrr.

I like you Looking4Luka!!


Sent from my iPhone using Tapatalk

[glen87]

Originally Posted by gowizards0

How are they going to determine what items are intended for resale

guessing if you have a business account with a reseller number on file, that will do it.




welcome to the world of how much of a partial refund are you willing to give me, or i will file a SNAD claim and really get you....

Good news: Buyers Must Contact Sellers Before Filing a Claim
This is an interesting change that sellers are likely to welcome - PayPal states in this week's notice: "We are requiring that buyers attempt to resolve their issues directly with sellers prior to filing a claim with us in order to be eligible for reimbursement under our Purchase Protection Program."

Bad news: You May Not Get Your Item Back in Cases of SNAD Claims
PayPal's notice states: "For "Significantly Not as Described" claims under our Seller Protection Program, we are clarifying that the item may not be returned to sellers or sellers may be required to accept the returned item and pay for the return shipping costs."

[ovrcollect]

Isn't this good for sellers, and more dangerous for buyers? They're saying items for resale (it remains to be seen if cards fall under this) won't be eligible for purchase protection. The risk now is buyers say they didn't receive the card at all

[mc1]

Originally Posted by ovrcollect

Isn't this good for sellers, and more dangerous for buyers? They're saying items for resale (it remains to be seen if cards fall under this) won't be eligible for purchase protection. The risk now is buyers say they didn't receive the card at all

When I first read it thats how I interpreted it.

[n9nqw]

Doesn't matter paypal business will drop major after July 15th when all ebay sellers are forced into managed payments so paypal will be a thing of the past unless buying off of ebay directly and still using it that way.

[patchgenie]

Originally Posted by ovrcollect

Isn't this good for sellers, and more dangerous for buyers? They're saying items for resale (it remains to be seen if cards fall under this) won't be eligible for purchase protection. The risk now is buyers say they didn't receive the card at all

hope so. not using fake coins.

[glen87]

Originally Posted by ovrcollect

Isn't this good for sellers, and more dangerous for buyers? They're saying items for resale (it remains to be seen if cards fall under this) won't be eligible for purchase protection. The risk now is buyers say they didn't receive the card at all

Originally Posted by mc1

When I first read it thats how I interpreted it.

SELLER protection, not buyer protection...

Bad news: Buying Items for Resale Not Protected
If you buy items intending to resell them, you may no longer be protected. PayPal's notice states the following: "We are excluding items intended for resale, including single item transactions or transactions that include multiple items, from reimbursement eligibility under our Purchase Protection Program."

i buy an item from you that you bought for re-sale (how that is determined is not a part of this example), and i am now claiming it was an "unauthorized" purchase, or i did not get it for whatever reason. under the current policy....

https://www.paypal.com/us/webapps/mp...ler-protection


“Unauthorized Transaction”
There’s a transaction, but the accountholder claims that he or she didn’t authorize payment.


“Item Not Received”
A buyer pays for an item, but claims he or she didn’t receive it.

as a seller, you are currently protected from me...

"These complaints can affect your merchant PayPal balance. But with Seller Protection, if the transaction meets our requirements, we’ll help keep your balance intact. There’s no charge for this service; we want your transactions to be secure. With Seller Protection, you can carry on with your business knowing that we have your back."

but under this new policy, you will not be covered.

[Inferno]

Isn't eBay also drastically changing how sellers collect payments? Basically forcing their Managed Payments system on everybody?

I've heard things about payments being collected instantly from buyers but being held by eBay for up to a few days before being forwarded to the seller. And your money would have to be deposited directly into a bank account meaning everybody would have to provide banking info to eBay to get their money.

Seems like it would be a pretty damn impactful change to people (like me) who are used to pooling payments in a PayPal account to be used on future purchases and keeping hobby money as separate from personal money as possible.

[Pollard7]

Why can't we use venmo on the forums? I like that app so much more.

Sent from my Pixel 3 XL using Tapatalk

[gowizards0]

Originally Posted by Pollard7

Why can't we use venmo on the forums? I like that app so much more.

Sent from my Pixel 3 XL using Tapatalk

No purchase protection

[ovrcollect]

Originally Posted by glen87

SELLER protection, not buyer protection...



Bad news: Buying Items for Resale Not Protected

If you buy items intending to resell them, you may no longer be protected. PayPal's notice states the following: "We are excluding items intended for resale, including single item transactions or transactions that include multiple items, from reimbursement eligibility under our Purchase Protection Program."



i buy an item from you that you bought for re-sale (how that is determined is not a part of this example), and i am now claiming it was an "unauthorized" purchase, or i did not get it for whatever reason. under the current policy....



https://www.paypal.com/us/webapps/mp...ler-protection





“Unauthorized Transaction”

There’s a transaction, but the accountholder claims that he or she didn’t authorize payment.





“Item Not Received”

A buyer pays for an item, but claims he or she didn’t receive it.



as a seller, you are currently protected from me...



"These complaints can affect your merchant PayPal balance. But with Seller Protection, if the transaction meets our requirements, we’ll help keep your balance intact. There’s no charge for this service; we want your transactions to be secure. With Seller Protection, you can carry on with your business knowing that we have your back."



but under this new policy, you will not be covered.

If I'm reading right, I think you're adding a step. I believe they're qualifying an item as being for resale at your time of purchase as the buyer in your example. It wouldn't matter where or how I acquired the item as a seller.

[Looking4Luka]

Originally Posted by patchgenie

hope so. not using fake coins.

Ok you can use fake dollars that are created out of thin by the Federal Reserve. Look up the term "quantitative easing"... aka money printer on steroids to prop up the fake economy. (Hence why the stock market has roared back since mid March to near record highs)

Also look up the term "hyper inflation"

[mc1]

Originally Posted by Looking4Luka

Ok you can use fake dollars that are created out of thin by the Federal Reserve. Look up the term "quantitative easing"... aka money printer on steroids to prop up the fake economy. (Hence why the stock market has roared back since mid March to near record highs)

Theyre real because the govt said so and because I can hold them in my real wallet. /s

[Looking4Luka]

Originally Posted by mc1

Theyre real because the govt said so and because I can hold them in my real wallet. /s

The government also confiscated gold back in 1933 and forced you to take paper currency as a replacement. Also the government dropped the "gold standard" back in 1971. (Back then USD was tied to physical gold bullion. You couldn't just create dollars out of thin air like the system we have today)

[mbrahv1984]

Originally Posted by Pollard7

Why can't we use venmo on the forums? I like that app so much more.

Sent from my Pixel 3 XL using Tapatalk

No buyer protection?

[glen87]

Originally Posted by ovrcollect

If I'm reading right, I think you're adding a step. I believe they're qualifying an item as being for resale at your time of purchase as the buyer in your example. It wouldn't matter where or how I acquired the item as a seller.

re-read the very first line of the statement....

Bad news: Buying Items for Resale Not Protected
If you buy items intending to resell them, you may no longer be protected.

so yes, it does matter how you acquired the item.

now again - i have zero idea how they are going to determine it, but that is what they are saying.

[patchgenie]

Originally Posted by Looking4Luka

Ok you can use fake dollars that are created out of thin by the Federal Reserve. Look up the term "quantitative easing"... aka money printer on steroids to prop up the fake economy. (Hence why the stock market has roared back since mid March to near record highs)

Also look up the term "hyper inflation"

enjoy your fake coins

[Prospectorsadvantage]

Your credit card company likely doesn’t care how / why you acquired an item.

[hairyangryfella]

Originally Posted by Inferno

Isn't eBay also drastically changing how sellers collect payments? Basically forcing their Managed Payments system on everybody?

I've heard things about payments being collected instantly from buyers but being held by eBay for up to a few days before being forwarded to the seller. And your money would have to be deposited directly into a bank account meaning everybody would have to provide banking info to eBay to get their money.

Seems like it would be a pretty damn impactful change to people (like me) who are used to pooling payments in a PayPal account to be used on future purchases and keeping hobby money as separate from personal money as possible.

How would that work for international sellers..? Higher fees since there'll likely be costs to put into an international bank account? Or are we just not going to be allowed to use the platform...

[Cavaliercards]

Glen's right for the third time this week, how and what you buy will impact your selling coverage in a big way.

[ovrcollect]

Originally Posted by glen87

re-read the very first line of the statement....

Bad news: Buying Items for Resale Not Protected
If you buy items intending to resell them, you may no longer be protected.

so yes, it does matter how you acquired the item.

now again - i have zero idea how they are going to determine it, but that is what they are saying.

I'm wondering if we're saying the same thing here, but I don't think we are. The person who wrote the article also made that confusing language. Let's look directly at Paypal's statement, without the writer's input:

"We are excluding items intended for resale, including single item transactions or transactions that include multiple items, from reimbursement eligibility under our Purchase Protection Program."

(dot 5 at https://www.paypal.com/us/webapps/mp...-policies-full)

They are saying: "If you purchase something that we deem to be for resale (whether it's one item, or many), you are NOT covered." That's why they say it's excluded under the Purchase Protection Program.

In your and cavaliercards scenario, Paypal would be tracking your purchases, then "flagging" them, so that you don't have protection when you resell them. I don't think that's what they're saying here - that can't be tracked.