User's Guide to TTW Trasactions- Add Your Own!!!

Discussion in 'References' started by meowmix, Dec 27, 2009.

  1. porchdoor

    porchdoor Rookie

    Joined:
    Jan 19, 2006
    Messages:
    113
    I was curious, why is this so? What makes credit card more secure rather than using your bank account?
     
    #51
  2. diredesire

    diredesire Super Moderator

    Joined:
    Mar 16, 2004
    Messages:
    6,723
    You have limited liability when you pay via your credit card. Generally, if you don't jump through the correct hoops using paypal, they don't try very hard to recover your funds. Furthermore, if the trader that you sent money to withdraws money from his/her account, it's gone into the ether. Paypal is not a bank, and it has no real power to recover your funds, the best they generally can do is freeze the account (stop any withdrawals, etc) until a resolution is reached. With your CC company, you can use what is commonly referred to as a "chargeback." If the other party has removed the funds, paypal gets charged.

    It just adds another level of security to your transaction, but requires that the other party be willing/able (premier/business account) to accept CC transactions.

    Hope this helps,
    JD
     
    #52
  3. Fearsome Forehand

    Fearsome Forehand Professional

    Joined:
    Aug 23, 2007
    Messages:
    1,186
    Location:
    USA
    Primarily because your cc issuer is more likely to help you out than PP.

    PP makes arbitrary decisions based on their thousand if this, then that, rules. If everything goes well, no problem, but if the transaction has any problems, look out.

    PP could care less about whether you received your stuff, or not. They take care of PP first and if you happen to benefit as well that is nice. PP won't take a loss on any dispute regarding a tennis racket. Either the buyer or the seller will cover the loss, not PP. PP eats a lot of money (as do cc companies) due to sophisticated fraud schemes but not on $100 tennis racket deals between private parties.

    Using your cc doesn't protect your completely. For instance, if you do a credit card chargeback, PP will often re-bill the charge the following month and then you have to go through a whole thing with your CC issuer to justify your chargeback. Even if your cc provider ultimately decides in your favor post rebill, PP may restrict your account if they decide the cc chargeback was invalid for any reason. It doesn't matter if you've done a zillion PP transactions before and had only one chargeback. If PP decides your chargeback is invalid, end of story, regardless of what actually occurred. In example, if tracking indicates a item was delivered, even without a signature, you are SOL with PP if you file a did not receive claim if you never received the item. (PP's assumption is UPS or USPS never makes a delivery error; hardly the case.) If you are unfortunate enough to be the victim of such an error, guess what, you get to pay for the item regardless unless you want your PP account to be forever restricted and all but unusable. PP takes care of PP, not you. Even if your cc issuer grants a chargeback, if PP doesn't agree the chargeback is valid, PP will put restrictions on your account in order to to force you to reimburse PP for the amount of the chargeback; a bit like blackmail.

    In short, whenever you use PP, you become subject to PP's whims in the event of a problem; right and wrong has little to do with it. It is like dealing with the IRS or PP's owner, fleabay. PP has absolute power and short of taking them to small claims court, you have no recourse if PP rules against your claim.

    Refer to sites like paypalsucks.com and aboutpaypal.com for hundreds of horror stories from people who have been screwed over by Paypal. Despite all the noise PP makes about buyer and seller protections, don't ever assume PP will protect your interests if you experience a problem. Sometimes they do, sometimes they don't; a total crap shoot in my experience.

    Please consult with your attorney before using PP:

    https://cms.paypal.com/us/cgi-bin/?...ntent_ID=ua/UserAgreement_full&locale.x=en_US
     
    Last edited: Aug 8, 2012
    #53
  4. SteveI

    SteveI Legend

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    Feb 19, 2004
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    5,372
    Bump this up...anyone have anything to add? Sticky time?

    Thanks All..

    Steve
     
    #54
  5. jamauss

    jamauss Hall of Fame

    Joined:
    Jan 25, 2006
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    I've done a lot of transactions (40+) on here, both buying and trading in both strings and racquets, so I thought I would share some of my experience as it pertains to string trades.

    String Trades: Personally, I've never had a string trade go bad. If you're going to trade strings with someone, make sure you feel like you trust the other person (check references beforehand) and make sure you feel like you're getting a fair deal both in quantity and quality of string. Nobody like to feel like they're getting treated unfairly or that they're treating someone else unfairly.

    If possible, go buy some small zip-ties and put at least 2 of them around each set or half-set of string that gets cut from a reel to keep the string from kinking or getting tangled up. You can find them at hardware stores and they only cost about $5 for a pack of 100 of them.

    To keep the string exchange shipping costs down, find a padded (bubble mailer) envelope to use and ship it via first class mail. The total cost should only be around $3-4 (1.50 envelope + $1.50-2.50 to mail). Make sure there aren't any sharp tips of string too loose that could poke through the envelope. Also make sure to securely tape the end of the envelope if you're worried about the existing adhesive being strong enough.
     
    #55
  6. retlod

    retlod Professional

    Joined:
    Oct 6, 2009
    Messages:
    942
    When I clearly list an item for $XX and somebody e-mails me with a lowball offer, it's a turnoff no matter how nice they are. Would these people walk into a tennis shop and say, "Hey, I'll give you $120 for that racquet you're selling for $180?" Who knows. Maybe they would. :cry:
     
    #56
  7. DANMAN

    DANMAN Professional

    Joined:
    Feb 25, 2004
    Messages:
    1,100
    I'm with you on this...posted in another thread but didn't know if it would be read there:

    I've been on the board since pre-2004 but don't post all that regularly. I wish people would have some common courtesy when requesting picture after picture of items you have for sale and actually respond after you email what they requested. A simple "I'm not interested" would suffice. There have been several people who have put me through the ringer with situations like these lately.

    A second situation which I despise is when people ask for a $2 or $4 discount on a very fairly priced frame. I was selling a frame for $32 which after shipping and paypal fees netted me $20. Someone e-mailed me asking if I'd take $28 for it. I can see negotiating on some frames, but if you are going to request 12.5% off a ridiculously low priced players frame (priced according to condition), maybe pick up another sport in which playing doesnt cost at least $5 each time (string wear and tear, shoe wear and tear, court costs, new can of balls, etc.). End of Rant
     
    #57

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