Selling on Ebay, do I even need 2 Paypal accounts?

[napoleon1769]

I have one Personal account, and a Premier account used to receive CC transactions. I sell on Ebay and I tell buyers to contact me prior to paying if they're funding their account with a CC since I have a Personal account set as default. I always need to refund my purchase and tell them to resend to my other account as they're always CC funded even though they say it's not :confused: so I was wondering if it's worth it to keep a Personal account at all since everyone seems to fund their Paypal using their CC.

Paypal says that you're able to make receive a limited amount of CC transactions for Personal accounts but this is surely not the case. Damn liars!

[dmdsoftware2]

I have one Personal account, and a Premier account used to receive CC transactions. I sell on Ebay and I tell buyers to contact me prior to paying if they're funding their account with a CC since I have a Personal account set as default. I always need to refund my purchase and tell them to resend to my other account as they're always CC funded even though they say it's not :confused: so I was wondering if it's worth it to keep a Personal account at all since everyone seems to fund their Paypal using their CC.

Paypal says that you're able to make receive a limited amount of CC transactions for Personal accounts but this is surely not the case. Damn liars!

I believe only transactions funded by CC can be eligible for seller protection (chargebacks etc) because the address is automatically confirmed via CC. If you deal with someone without a CC linked to their account and their address is not confirmed, your eligible to lose your money if the transaction is disputed (bounced payment, paypal account hijacked, other fraud activities).

[sw1ft]

I would be skeptical buying from a seller like you, just because it sounds fishy. ;)

[napoleon1769]

I believe only transactions funded by CC can be eligible for seller protection (chargebacks etc) because the address is automatically confirmed via CC. If you deal with someone without a CC linked to their account and their address is not confirmed, your eligible to lose your money if the transaction is disputed (bounced payment, paypal account hijacked, other fraud activities).

But then I would have to pay Paypal an extra 3%+0.9%? just to receive my money on top of whatever I pay to Ebay which owns Paypal. :mad:

I don't think there would be any difference how their account is funded because as soon as you receive the money, it is "yours" regardless of how they paid. If they're going to do a chargeback, they're going to do a chargeback anyways.

[dmdsoftware2]

But then I would have to pay Paypal an extra 3%+0.9%? just to receive my money on top of whatever I pay to Ebay which owns Paypal. :mad:

I don't think there would be any difference how their account is funded because as soon as you receive the money, it is "yours" regardless of how they paid. If they're going to do a chargeback, they're going to do a chargeback anyways.



No. If the transaction is protected by seller protection (funded by CC and address is confirmed by CC), then you are protected from chargebacks. If the transaction is not seller protected, then at any time it can get reversed. You won't even get an email; it will just show up as a reversal in the transaction details. You then will contact Paypal and they will tell you it was reversed because it was charged back, payment bounced, bank reversed transaction etc. If the transaction is protected by seller protection (confirmed address), then Paypal eats any fraudulent transactions because the transaction was funded with CC and address supplied by buyer was the same as verified by CC. You won't even be aware if an attempt was made to do a chargeback.

2.9% + 0.30 is cheap for peace of mind for seller protection. Also, if you start inconveniencing customers by refunding payments because they used a CC backed payment, then you are lining yourself up for some negative feedback on ebay. Some buyers may not take this into account, but if you run into someone who is disgruntled why he has to resend payment, he may reflect that in his feedback.