Here's an issue regarding paying and receiving on eBay that I have noticed.
1. Buyers are recommended to pay for their items via Paypal and their credit cards; this way if anything goes wrong; they have a chance of disputing the transaction.
2. Sellers are advised to be extremely careful in accepting Payments from Paypal or credit card sources as to face the possible consequences of unjustified or fraudulent charge- backs.
The thing is, 1. is ok for somewhat small purchases; but what about when the transaction amount increases? I'm talking about luxury items in the range of $12,000 to $150,000 - would any seller be willing to pay the fees, as well as the risk of chargeback for accepting that payment through Paypal?
I've always requested bankwire from my buyers regardless of the amount (from $1,000 to $30,000) and they're only too happy to oblige. Of course, there are buyers out there who know of the risk of bankwire/bank transfer - but would you really expect the seller to accept a $40,000 transaction through Paypal? (Paypal carries a $10,000 per transaction limit)
I mean for example; the powersellers selling Hermes Birkin Crocodiles. Prices range from $39,000 to $80,000; and since you've all be warned against bank transfers; how are you buyers paying for these? Paypal?!
I would really like some insight!
1. Buyers are recommended to pay for their items via Paypal and their credit cards; this way if anything goes wrong; they have a chance of disputing the transaction.
2. Sellers are advised to be extremely careful in accepting Payments from Paypal or credit card sources as to face the possible consequences of unjustified or fraudulent charge- backs.
The thing is, 1. is ok for somewhat small purchases; but what about when the transaction amount increases? I'm talking about luxury items in the range of $12,000 to $150,000 - would any seller be willing to pay the fees, as well as the risk of chargeback for accepting that payment through Paypal?
I've always requested bankwire from my buyers regardless of the amount (from $1,000 to $30,000) and they're only too happy to oblige. Of course, there are buyers out there who know of the risk of bankwire/bank transfer - but would you really expect the seller to accept a $40,000 transaction through Paypal? (Paypal carries a $10,000 per transaction limit)
I mean for example; the powersellers selling Hermes Birkin Crocodiles. Prices range from $39,000 to $80,000; and since you've all be warned against bank transfers; how are you buyers paying for these? Paypal?!
I would really like some insight!
