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15 May 2016, 02:20 PM | #1 |
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Why is it that PayPal is not normally accepted on here?
I'm new to this group but I've been looking to purchase a Ceramic Submariner and the people I've been in contact with, will only accept a bank wire . That's all fine and dandy but I wanted pay half through my bank and the rest through my credit card on file with paypal. Kinda bummed because I don't want to wait as I'm ready ! Any explanation will help !
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15 May 2016, 03:17 PM | #2 |
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Because Paypal has been subject to much fraud in the forum watch world. They also charge big fees. Unless you have great references and a history here or elsewhere in a bonefide watch forum that can be confirmed. I doubt you will have much luck.
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15 May 2016, 03:37 PM | #3 |
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I always use paypal with my trusted seller here. Never a problem.
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15 May 2016, 04:42 PM | #4 |
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PayPal is good and I use it a lot but it sides very much with the buyer.
One you have established some 'cred' you will be good to go.
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15 May 2016, 04:47 PM | #5 |
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The most common problem with Paypal that has been cited by sellers is that if there is a dispute, the seller gets the short end of the stick relative to the buyer.
Fees are also a commonly complaint.
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15 May 2016, 05:09 PM | #6 |
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That pretty much summarised it. I also hate that EBAY forces you to use it!
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15 May 2016, 08:53 PM | #7 |
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Plus when someone files a Chargeback through their credit card that they use to back their PayPal the seller has to relay information to PayPal and PayPal takes your evidence and fights the chargeback on your behalf. They charge you ~$30 for it, take months while holding your money, and then lose anyway. Just my experience, I truly wish PayPal would implode or go bankrupt or something. Absolutely the worst company I've dealt with to date.
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15 May 2016, 09:04 PM | #8 |
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i've used Paypal with DavidSW but you absorb the Paypal fees.
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15 May 2016, 10:39 PM | #9 |
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PayPal offers very little protection for sellers.
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
15 May 2016, 10:51 PM | #10 |
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I also thought it was the fees. If you trust your seller, no need to pay fees or need for buyer protection.
I've read two instances here where there were issues and both times the TS's made it right.
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16 May 2016, 01:44 AM | #11 |
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I've had no problem with Paypal.
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16 May 2016, 04:19 AM | #12 |
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Paypal allows the buyer to request a refund for up to 6 months.
Not too many sellers want to expose themselves to that liability. |
16 May 2016, 04:28 AM | #13 |
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Yup, me too. Never had an issue. And I don't mind covering the fee.
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16 May 2016, 06:14 AM | #14 |
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Tried to buy a box of cloth here using Paypal, seller did not accepted, tried to wire money, seller did not accepted.... Seller would take a check, but i do leave in other country imposible for me... so i guessis not about paypal, is about trust.
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16 May 2016, 06:17 AM | #15 |
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16 May 2016, 06:27 AM | #16 |
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PayPal once withheld my money for 4 months for their "investigation". No-one complained, no disputes, nothing. They just decided they wanted to "investigate" why I had high 4 figures balance in my account. They released the funds a few hours after they received a letter from my solicitor. This after spending hours and hours over these months on phone with their customer service, who always said the same thing. "This will be reviewed within x hours" and after I explained no-one has done anything for x months, they said someone will call me back very soon (no-one ever did).
Absolutely disgusting company, I will never deal with them again. |
16 May 2016, 07:26 AM | #17 | ||
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Quote:
PayPal isn't the primary issue - it's trustworthiness. Being a buyer without track record here makes the seller lean to a safer payment method: bank wire. Quote:
Yes, you had a doozy of a case with BHJ but it was the flake at the other end of the deal that made life miserable. Had he been trustworthy then the PayPal would have been smooth, don't you think?
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16 May 2016, 08:46 AM | #18 |
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Always buy the seller! Who you are buying from is the most important part of a transaction. Check out references!
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16 May 2016, 09:15 AM | #19 |
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You'll need references or an on-line reputation to get most to use paypal and it won't happen after 11 posts.
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16 May 2016, 09:26 AM | #20 | |
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Quote:
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