Nolan,
I use Paypal and they do not take a lump sum and escrow it. They bill my credit
card each time I make a purchase, if I have no money in their account. It does
show up on my statement as a payment to Paypal, but only at the time of the
transaction, not before. If someone pays you through Paypal you can leave it in
Paypals bank account to use later, or you can opt to have it direct deposited or
sent to you via a bank check.
Paypal does give you the ability to note that this is a payment for auction
items, including the ebay item number and what the item description is. I have
never had to ask for a refund or deny a payment so I can't say as to what steps
they are willing to take.
Howard Baugues
Nolan Penney wrote:
> You talking about the latest, billpoint? You've got no credit card
> protection whatsoever using that. The credit card charge is to billpoint,
> not the seller. The web page describing their user agreement is here.
> http://www.billpoint.com/policies/user-agreement.html
>
> The most significant paragraph from that web page is this though:
> We have no control over the quantity, quality,
> genuineness, safety or legality of the items listed;
> the
> completeness, truth or accuracy of the item
> listings;
> the ability of sellers to sell items; or the ability
> of
> buyers to buy items. We cannot ensure that a seller
> or
> buyer will actually complete a transaction. We are
> not
> a guarantor of any transaction nor are we an escrow
> company. Please note that there are also risks of
> dealing with underage persons or people acting
> under false pretense.
>
> E-bay has no escrow account or service. There is one through Tradenable that
> e-bay advertises. Costs a minimum of $2.50 per transaction. Payment of
> this, and all other fees, are acceptable from either the seller or buyer, but
> the buyer is the one ultimately responsible for the fees. The seller is
> under no obligation to participate in an escrow sale.
>
> Paypal is also a third party. You sign up with them, and they take say $100
> from your credit card and put it into essentially an escrow account. Your
> credit card statement simply shows the $100 charge to Paypal. Then, when you
> make purchases, if the seller is willing, you can do it through the money of
> yours that Paypal has already pulled from your credit card. It could have
> been months ago that they pulled the money. If the product doesn't arrive,
> or arrives broken or such, you get to argue through Paypal, not your credit
> card. So you the buyer are again left flapping in the breeze. I haven't
> seem them advertised on e-bay for a little while though.
>
> Bradley D Richardson wrote:
>
> > Hey, simply use e-bay's ability (or who ever it is) to pay for any
> > purchases with your credit card. Then if you don't get the product,
> > simply dispute the line item on your statement. Also, doesn't e-bay have
> > something where you send them the money directly, they hold it, notify
> > the seller, and when you tell e-bay you've got the product, they send the
> > money to the seller?
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