PayPal purchase of a used bass guitar

Discussion in 'For Sale: Bass Guitars' started by ustabawannab, Jun 23, 2008.

  1. ustabawannab

    ustabawannab Caesar's palace, morning glory, silly human race. Gold Supporting Member

    Mar 10, 2006
    Greenfield, WI.
    This will probably get moved but since there is a sticky and I am a PayPal supporter for my sales here I am having a hard time keeping quiet reading some of the listings here.

    PayPal for all it's potential risks makes your bass easier to sell. It allows you to accept a credit card transaction from a person that doesn't have the cash but has an account balance. IT IS NOT A SCAM. Yes it costs you up to 3 % but I rather have my price les 3% versus nothing.

    There are risks like chargbacks and stolen cards, but with the right feedback and other common sense methods of protection offered by PayPal, the risks are not unreasonable. I totally understand if you are just not comfortable with risk, don't accept PayPal. You're missing out though.

    Just my opinion
  2. I feel paypal is great for certain things, but they are also a pain in the butt to try and talk if you have a dispute.

    If you don't have any disputes they are great.

    Paypal only offers protection for buyers and sellers on Ebay transactions though. I learned that the hard way. The only thing they will cover on a non Ebay purchase is if the shipper can't prove they shipped an item.
  3. Zooberwerx

    Zooberwerx Gold Supporting Member

    Dec 21, 2002
    Virginia Beach, VA

    PayPal will attempt to recover funds from the so-called seller's bank account but if the account is bare, you're SOL. I filed a dispute against a TBer and ended up with $.26. That's 26 cents, folks. Luckily, the TBer realized he had f'd up royally when his PayPal was frozen and took the necessary remedial action. I got my gear; I didn't send him back the 26 cents.

  4. Classic!!!:hyper::D
  5. pedroims


    Dec 19, 2007
    Yes it costs you up to 3 % but I rather have my price les 3% versus nothing.

    I believe you are allowed to receive 5 payments per year without fee, at least this my case, only the last payment ( 6 of the year) received a fee.

    This fee apply to all sellers that received payments with credit card ( home depot, sears , bla bla bla ) what they do ?

    They traslate this fee to the final customer pricing list
  6. alembic5


    Dec 5, 2004
    Seattle, Wa.
    I'm a big fan of paypal. Every transaction has been made easier because of it. For that matter, I don't even mind helping out with the 3% fee, even if it is against the rules to ask for it. It's every bit as much a convenience for me as the seller!
  7. allexcosta


    Apr 7, 2004
    I find the e-check option VERY handy...
  8. 3% is nothing.

    Try opening a merchant account and pay a monthly fee then a per transaction charge. Then renting a credit card terminal, etc etc etc.

    Paypal is a steal.
  9. toytech


    Mar 22, 2004
    San Leandro
    I take paypal, scroll down a few posts and buy my Hamer 12 string and Epibird. :D
  10. slaerts


    Aug 3, 2006
    Yep happened to me too. Only I got a return of US$65 for my purchase of $1100. Still no bass though.
  11. If Paypal was only a woman.....
  12. ustabawannab

    ustabawannab Caesar's palace, morning glory, silly human race. Gold Supporting Member

    Mar 10, 2006
    Greenfield, WI.
    I'm sorry for my little rant.

    I just get a little frustrated when one of my resources available to a buyer gets trashed by folks that don't have the full story. Very similar to some of the posts in the International Shipping thread.

    Not everyone is honest and PayPal does have its flaws, but I'm really enjoying feeding my GAS by buying and selling on TB. How else could I try world class equipment? The feedback system and community here is awesome. I hate to see that be degraded by misinformation and hearsay.
  13. rbrown13

    rbrown13 supporting member

    Sep 9, 2005
    bakersfield ca,
    I agree, A friend of mine has a small photography business and has had to acquire a mobile credit card terminal and account with his bank, It takes about 9% of every transaction when it is all said and done. I have never been burned by paypal yet, and I have done hundreds of deals with them, just be careful who you do business with.
  14. If it is something expensive, use the e-cheque option. Costs $5, not the usual 3%.

  15. Geddyfleaharris

    Geddyfleaharris Supporting Member

    +1 to all your thoughts about Paypal. No it is not perfect but I think it works extremely well. Why would I want to take a personal check from someone I have never met that lives 2000 miles from me? First I have to wait a week or 10 days for the check to arrive, then wait another 3 to 5 days for the check to clear then I finally ship. Same goes the other way....why would someone want to take a personal check from me? Yes there are money orders but I find them to be a PITA. With Paypal once the deal is done the seller has his cash and the item is shipped. Assuming everyone is as honest as me. :D

    I personally don't like E-checks and don't use them. I hate waiting for them to clear. Canadian E-checks take 7 or 8 business days to clear. I guess I am a little unclear as to the E-check's real purpose. :meh:
  16. Guy from Idaho

    Guy from Idaho

    Oct 9, 2006
    yes, I learned the same hard lesson last month on a (defective) bass amp purchase (TGP, not here at TB) :crying: -GFI
  17. One Drop

    One Drop

    Oct 10, 2004
    Swiss Alps
    Paypal is alright, they've made some transactions easier. I fully respect people who decide not to use it on either end, though, for whatever reason.

    Case in point: they are happy to take my full percentage, but they won't confirm my address because I live in Switzerland. Paypal, like their owner ebay, makes the rules and they are not always customer friendly. They make a lot of money for doing very little, IMO.
  18. 73jbass

    73jbass Supporting Member

    Apr 17, 2004
    My Paypal account was closed back in November,over an alleged purchase that was against their user policy.I had been a victim of identity theft the April before when the transaction took place.I asked repeatedly for more info on the transaction in question,but they could not produce it,and would not return my calls,or emails.I wasn't aware of the problem until December of last year when I tried to do a transaction,and saw that my account had been closed,with no chance of opening it back up.I'll never use a service like that again.
  19. Dr Funk

    Dr Funk "If you ain't appearing then you be disappearing"

    I never had an issue with PayPal and use them by choice. E-checks are great though they are a little slower but for bigger tickets they are cost effective. It puts a little extra time on the clearing wait for the buyer. But all in all it's a bargain IMHO.
  20. Zooberwerx

    Zooberwerx Gold Supporting Member

    Dec 21, 2002
    Virginia Beach, VA
    If I'm dealing with a reputable TBer (positive feedback, posts frequently, etc.), I'll go the money order / cahier's check route if neither of us is in a hurry for the moola. No sense in dropping $45 on a $1500 purchase when Wachovia provides these services for free. I also like the e-check but, once again, I'm rarely in a hurry.