"Big Changes" coming for Paypal
- Thread starter Rage9
- Start date
Ditto for eBay. Both went downhill when eBay bought PP, a match made in hell. I'm using both since 1998, and they used to be great companies at one time.
The only reason I use paypal to pay for stuff is because they dominate and its a pain entering in my CC every time. If someone else offered something where my CC was stored and I could click and pay I would use it over paypal any day.
On the merchant side - they put us on a rolling reserve, 60 days, 50%! Im surprised we managed to stay afloat.
After 6 months, they generously offered 30%, 60 days.
This is after a year trading, 2 chargebacks high XX,XXX put through paypal.
Then 6 months later they said they would review, 1 (fraudulent) chargeback out of hundreds of transactions - no they cant do anything about our reserve, tried to get an explanation, nothing just, no sorry.
They suck.
On the merchant side - they put us on a rolling reserve, 60 days, 50%! Im surprised we managed to stay afloat.
After 6 months, they generously offered 30%, 60 days.
This is after a year trading, 2 chargebacks high XX,XXX put through paypal.
Then 6 months later they said they would review, 1 (fraudulent) chargeback out of hundreds of transactions - no they cant do anything about our reserve, tried to get an explanation, nothing just, no sorry.
They suck.
I've been using PayPal for many years and thankfully haven't had any frozen account issues. However, I think PayPal biggest area of suckage is their fees. They provide a fraction of the services available from credit card companies or banks, yet their fees are higher than theirs.
Case in point - they quadrupled my cost of sending Mass Pays about a year ago. I called my sales rep to complain and he basically lectured me on how costly it was to run PayPal.
I can't switch away because there are many affiliates who like it, so I'm stuck. But it's good to rant.
Case in point - they quadrupled my cost of sending Mass Pays about a year ago. I called my sales rep to complain and he basically lectured me on how costly it was to run PayPal.
I can't switch away because there are many affiliates who like it, so I'm stuck. But it's good to rant.
It's easy to say F PP, but when you're selling and people expect to enter paypal you better support it. Along, with international - Stripe hasn't hit that arena yet, last I heard. Hopefully there will be some true competition - google wallet never really took off.
This is how clear and precise Paypal are:
Run a search in Google with the term "paypal chargeback fee"
Report back how many clicks and how long it took you to get the information from their sources.
Actually try clicking the link "Chargeback guide - PayPal" and get it from there.
Run a search in Google with the term "paypal chargeback fee"
Report back how many clicks and how long it took you to get the information from their sources.
Actually try clicking the link "Chargeback guide - PayPal" and get it from there.