Paypal 101

[70sbestcardboard]

I'm sure this has been raised numerous times and I apologize for repeating but what is the difference between paypal gift and goods? what are the pros and cons for payer and payee? Thanks.

[superpieman]

goods charges a fee of 2.9 percent plus 30 cents. gift charges no fees. however if you use gift there is no buyer protection if anything happens or the person doesnt ship. i only pay gift to members with high feedback and never on high end purchases.

[bangsportscards]

70sbestcardboard,

superpieman brought up some good facts.

Another thing worth noting is the moral issue as well. Seeing that sellers receive payments right away with great convenience, it's the right thing to do in commiting to paying the fees for using Paypal's service.

Brian

[70sbestcardboard]

Thanks for the responses.

Brian--I agree 100%. To paraphrase from the great sage Dennis Prager, "If everyone made decisions based on morality, wrong and right, instead of how it makes them feel, this world would be a better place".

[sschind]

If you use a CC to do the gift payment someone has to pay the fee. Its either you or the receiver.

[GHCHambone]

I have heard of accounts being frozen for a while for using too many gift payments in a short period of time, so be wary of that.

I always use goods because of this and because of the buyer protection.

[LeicesterBladex]

i think its been explained in previous posts but

Goods - the receiver of the money has to pay the fees, however you get the protection that if anything goes wrong, paypal will do its best to help

Gift - you as the sender pay the fees, however if anything goes wrong paypal will not help you in the slightest

[CatdaddysCards]

I think a lot more seller would be more willing to accept "goods" if a lot more buyers were more willing to pay closer to market value. I typically try to sell around 90% of eBay, since I would lose just over 9% if I sold on eBay, and I don't charge shipping ($1.75) on anything over $6. Even then, I get people who would rather go buy it for more on eBay? Than from a member (me) of these forums.

True story here. Had a card listed on eBay for $55 BIN and on here for $45. Member hit me up about it, but only wanted to paye $40 for it. I passed, as $45 wash bottom dollar. It wasn't five minutes and that same member hit my $55 BIN on eBay. My eBay ID and SCF ID are different, so he was unaware that it was me. Granted, I got more money and he paid for shipping, but it's that kind of attitude on the sale forums, that has driven sellers to only accept gift payments. Me, I prefer gift, but will take goods if the buyer doesn't want to send gift. Except for international sales, then I ONlY accept gift because no
One is paying $20 for me to ship internationally with tracking, and I'm not getting screwed over.

[CatdaddysCards]

i think its been explained in previous posts but

Goods - the receiver of the money has to pay the fees, however you get the protection that if anything goes wrong, paypal will do its best to help

Gift - you as the sender pay the fees, however if anything goes wrong paypal will not help you in the slightest

Not quite. Sender only pays fees if they use a credit card. There are no fees if PP balance or bank transfer are used.

[Hilfiger1975]

Not quite. Sender only pays fees if they use a credit card. There are no fees if PP balance or bank transfer are used.

I didn't know that! Thanks!