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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | Originally posted by standing:
Originally posted by Old Man Arthur:
Sweetwater, Musicians Fiend, and many other companies take PP, so it is convenient for the Sell-one/Buy-another Program. Couldn't you just use a regular credit card with those retailers? Why would you need or want to use PayPal with them?
They are bad for addictive personalities like me.
Credit Cards are the reason the economy is screwed-up.
I would not even have a bank account except society has made is so that you need one to cash a paycheck and pay your telephone and cable bill.
When my economy is working right, my PayPal account is self-sustaining. Guitars-in, Guitars-out.
Then I can take money that I made on eBarf and buy a Sweetwater Koa T! :D Which I did.
And you can use a Credit Card to buy things on eBarf through PayPal.
You just cannot sell things without a PayPal account.
This sux, but it is their business model. |
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Joined:
December 2008
Posts: 1453
Location: Texas | OMA,
I agree with your sentiments, and I admire your determination in staying out of the credit card game. It's not easy these days.
If you use it only for convenience, and pay off the balance every month, they are not that evil. The problem is that it is just too easy to say, "man, I really want that guitar," and whip out the credit card without having the money in the bank to cover it. That is the beginning of a long slide downhill…
(I just wish everyone in my family understood that concept… ;-)
Today's credit card interest rates would have been considered usury 30 or 40 years ago. People get in and can't get past the interest payments, so they carry huge balances. I read a while back that many people have balances that, if they pay the minimum monthly payment, will never be paid off in their lifetimes… that's when credit cards are truly evil.
I had a friend in the 70's (the year, not his age, not then anyway ;-) who refused to even have a checkbook. He would go to the bank and take out cash from his savings account for his bills and drive to each place of business (Electric Company, Phone Company, etc.) and pay in cash. He did that for years… then he got married… eos.
So, if I understand how you handle this, you actually maintain a balance in your PayPal account that grows and shrinks as you buy/sell? What if you want to cash out? Will they send you a check? I'm surprised they let you have an account without a credit card number in the first place. |
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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | I have a bank account with a Debit Card. A debit card number is a credit card number.
But I just have to have real money in there to spend it.
Once I had sold a coupla guitars, I just maintained a balance in PayPal.
The Glen Campbell Artist and the last Viper wiped that out.
As far as getting the money back... They will put it back on my debit card. Or so they say.
Meanwhile, they just keep your money in their account and make the interest off of it.
I have never taken money out, but they say that there is no charge to get your money back. |
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Joined:
March 2007
Posts: 840
Location: CA | Confirming no charge to get your money out of PP. You just 'ask' on the website and they xfer it to wherever you have pre-registered. In my case, my bank account. It takes 3-4 biz days.
My take on it is that eBay did not dream up the PayPal requirement because they want to screw users of the site, but because it will reduce the possibility of people getting screwed and angry. If that doesn't work for you, hey, don't use either one. They are not hurting for either buyers or sellers, believe me.
It's like any endeavor. I like to play guitar, but darn it, you have to work at it! It takes time! You have to keep your nails trimmed (or I guess sometimes grow them long). You get those yucky callouses on your fretting fingers. You have to occasionally tune the guitar. Sometimes the strings are too high. Etc. etc. etc. blah blah blah. So you have to make the decision whether the rewards are worth putting up with all the 'cons'. You have to accept what IS and get on with it, not how it OUGHT to be. Ebay and PayPal are the same. |
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Joined:
May 2008
Posts: 4996
Location: Phoenix AZ | Moving money in/out of PayPal is no issue. I use PayPal for more and more of my everyday purchases. My dentist now tales PayPal, how cool it that?
I think it usually takes 2-3 days for a funds transfer. |
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Joined:
October 2007
Posts: 283
Location: Portland, OR | If you have a bank account backed up by a credit card, the funds transfer at once. If not, they treat it as if it were an electronic check and it could take a week. As has been said, it works. Are there risks? Sure. But I think it's really not the way you pay but who you pay that dictates a good transaction. Do your feedback research and make sure the guy or gal has a high feedback number. Period. |
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Joined:
November 2004
Posts: 1330
Location: ms | I don`t do do ebay but i`ve been thinking of opening a paypal acc. I might would someday try to sell something on ebay but i don`t think i will be buying, once was enough. |
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AM I the last person on earth without EBay/PayPal accounts?
