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Need a workaround for this new rule on the buyer protection pokicy -- little help please

Discussion in 'Ebay' started by thethingything, May 10, 2012.

  1. thethingything

    thethingything Newbie

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    Occupation:
    semi retired tattoo artist and ebay seller
    Location:
    Florida
    So I go to revise a listing and am suddenly getting this notice that goes a little like this --

    "You're almost done with your listing. There's just one more thing to do. It looks like you don't have a reimbursement payment method on file with us. Sellers must have a reimbursement payment method on file under our Buyer Protection Policy.

    In order to complete your listing, please add your reimbursement payment method now . Once you're done, you'll be able to review and submit your listing."

    I go to add my paypal account as the "reimbursement payment method". Here's where it gets a little dodgy.

    On the application page it TELLS me that I can use paypal but the only actual choice it gives me is adding a debit or credit card. That's when the alarms started going off.

    What they are demanding I do (as I see it) is essentially give them direct access to my bank account in order to recover any money for buyer disputes. I refuse to do this for a couple very good reasons.

    Paypal and ebay are now officially partners in crime (and when I say crime I mean crime) and I don't trust them any further than I can throw them with my little finger. That said, I'm picturing this scenario in my head -- since paypal locks funds as soon as a dispute is filed I assume ebay will do the exact same thing. Also, the buyer has 45 days from the time of sale to file a dispute. So say I sell an item for $400. Then for some reason I can't fathom the buyer waits a month and then files a dispute but I don't have the funds in my bank at that moment to cover it. I may not even be active on ebay at the time, just going about my merry way, then I get an alert from my bank that my accounts been overdrawn because ebay put a hold on the funds and HERE COME YOUR OVERDRAFT FEES. My bank (BOA) loves clocking those overdraft fees.

    This one scenario has the potential to blow me straight out of the water with paypal, ebay and my bank. So the only real way I can see to protect myself from this is don't spend any of the money for 45 days and that dog just won't hunt.

    I have to add that I only have this one bank account and it was hard to get and I don't think I can get another one.

    Ebay is just making a lightly veiled attempt to strong arm me into doing this. They offer the buyer up to $2000 in buyer protection, and require the seller to back it and and just eat it if they don't like it and leave the seller wide open to fraud.

    I can't do anything as a seller as of right now until I comply -- I'm just about ready to give up entirely on ebay unless I can figure out a way around this which would suck because I've been making money off there for years but I'll be damned if I'm going to give the foxes the keys to my hen house.

    Anyway -- I'm sure at least some of you guys have run into this and I'd REALLY appreciate any ideas you might have to get around it.
     
  2. lancis

    lancis Elite Member

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    How about telling your credit card company to block any outgoing transactions to PayPal?
     
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  3. thethingything

    thethingything Newbie

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    Good idea but I don't use credit cards per se, just a visa debit card from the bank
     
  4. Dysfunction

    Dysfunction BANNED BANNED

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    Just get a prepaid.
     
  5. krayzietalent

    krayzietalent Junior Member

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    First, I don't see how you can overdraft with BoA (I have the same bank) and if I ever try to go over the amount of money in my account it simply doesn't go through.

    But yeah, about your problem, I'd solve it like this, if you have about 5 days to spare. Use your current debit card as your reimbursement payment method. Call up BoA and tell them you lost the card or whatever and order a new one, it takes 5 business days (usually more like 2-3) to get your new one. Now they'll block that card, and you'll have a new one shortly.
     
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  6. thethingything

    thethingything Newbie

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    semi retired tattoo artist and ebay seller
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    Great idea -- I think that'll do the trick. By the way -- I have an online account with BOA and I get charged $35 for anything that doesn't go through and they will pay out small amounts like under $10 and charge me $35. Also -- they "clock" the fees -- what I mean by that is they'll refuse to cover the amount and still charge me $35. Then the vendor or whoever is able to automatically resubmit the same charge in a couple days and I get charged again for $35. I had a situation a year or so ago that happened like that to the tune of over $500 in nothing but overdraft fees. Here's the weird part -- I had 2 accounts at the time. The one account got dive bombed with overdraft fees and I wasn't about to pay it. I assumed they would shut down the other account but they didn't and I've been using it ever since. But they won't let me open up another account and they won't tell me why (They know and I know they know and they know I know and I know they know I know). It's quite a racket they have going and its the reason they give out free online accounts with no monthly fees. They've got the overdraft thing down to a science.

    Anyway -- thanks for a great suggestion!