#1
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PayPal New Rules
Please be aware that as of October 1st 2019, PayPal no longer refunds their fee even on a refund.
Personally speaking, I think this is so wrong on many levels. I spent many hours with them on the phone today; they admit they are getting lot's of heat, but this rule is in effect until further notice. Regular Credit Cards ie: Visa & MC simply refund their fees in the case of a refund. PayPal however insists on making money regardless if the sale remains, or refunds. I just wanted to bring this to everyone's attention. They made a point of telling me regardless how large, or small a Merchant may be this is how they are doing business now.
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Ivan FLORIDA MX136, MC1.2KW(10) MC2KW(2), MCD1100, MS750(2) MVP881, C1000C/P/T, MPC1500, HT-2 SUBS(2) HT3F(2) WS350(2) XRT2K, XCS2K, XR27(2) XCS350(2) JL GOTHAM v2 SUBS(2) SILENZIO MUSIC SERVER, LUMAGEN RADIANCE SCALER, SONY VPH-G90U 4K PROJECTOR, STEWART 120" MOTORIZED SCREEN, CINEMA-TECH SEATING, WW PLATINUM CABLES Reference System: ACCUPHASE A300 AMPS, C3900 PRE-AMP, DP1000 CD/SACD TRANSPORT, DC1000 DIGITAL PROCESSOR, DG-68 DIGITAL EQUALIZER, T1200 FM STEREO TUNER, PS1230 POWER SUPPLY, HRS-SXR CUSTOM RACK w/ M3X SHELVES, TAD REFERENCE ONE MK2 LOUDSPEAKERS, WW PLATINUM CABLES CAPE COD MX150, MC501(2) MC1.2KW(10) MC2301(2) MR88, MVP881, MCD1100, MDA1000, C1000C/P/T, MPC1500, ESOTERIC K-01X 30th ANNIVERSARY (BLACK) SACD/CD PLAYER, G02-X CLOCK, HT3F(2) XRT2K, XCS2K, XR27(2) JL GOTHAM v2 SUBS(2) JL FATHOM F113v2 SUBS(4) SOUND ANCHOR STANDS(2) KALEIDESCAPE STRATO & TERRA SERVERS 80-TB, LUMAGEN RADIANCE SCALER, SONY VPH-G90U 4K PROJECTOR, STEWART 120" SCREEN, SONUS FABER STRADIVARI, SILENZIO MUSIC SERVER, FORTRESS SEATING, WW PLATINUM CABLES Analog Rig: CLEARAUDIO INNOVATION WOOD, UNIVERSAL ARM w/ Da VINCI' CART, 2nd UNIVERSAL ARM w/ GOLDFINGER STATEMENT CART, HRS-MXR REFERENCE RACK-GLOSS BLACK w/ M3X SHELVES, AESTHETIX RHEA SIG PHONO-PRE, BRYSTON BHA-1 HEADPHONE AMP, WW PLATINUM CABLES Reference System: BURMESTER 911MK3 AMP(3), 088 PRE-AMP, 089 CD PLAYER, 100 PHONO PRE-AMP, 948 POWER CONDITIONER, ACCUPHASE DG-68 VOICING EQUALIZER, AVID ACUTUS REFERENCE SP TT, GRAHAM PHANTOM II SUPREME ARM, BENZ MICRO LP-S CART, GRANDIOSO P1X/D1X STACK, G1X RUBIDIUM MASTER CLOCK, N05 NETWORK PLAYER, SILENZIO MUSIC SERVER, HRS-SXR CUSTOM RACK w/ M3X SHELVES, SONUS FABER AIDA SPEAKERS, JL FATHOM F113v2 SUBS(2) SOUND ANCHOR STANDS(2) WW PLATINUM CABLES Library System: GRANDIOSO M1 MONOBLOCK AMPS, C1 LINESTAGE PRE-AMP, K1X CD/SACD PLAYER, G1 MASTER RUBIDIUM CLOCK, E02 PHONO-PRE, SILENZIO MUSIC SERVER, AERIAL ACOUSTICS 20T V2, AERIAL SW12 SUBS(2), CANTON REF K1’s, VPI HRX TT w/ SDS POWER SUPPLY, ORTOFON CADENZA BLACK CART, KLAUDIO RCM, SHUNYATA DENALI 6000/S v2, SHUNYATA OMEGA QR’s, WW PLATINUM CABLES Esoteric/Bryston System: ESOTERIC C02-X PRE-AMP, P-02X TRANSPORT, D02-X DAC, G02-X CLOCK, BRYSTON 28B3 CUBED MONOBLOCK AMPS(4), BRYSTON BHA-1 HEADPHONE AMP, SHUNYATA DENALI 6000/S v2(2) EVEREST 8000 POWER CONDITIONER(2) ALTAIRA CG & SG HUBS, AMR-DP777-SE DAC, SILENZIO MUSIC SERVER, TAD REFERENCE ONE MK2 LOUDSPEAKERS, QUADRASPIRE RACK, WW PLATINUM CABLES Accuphase/Canton System: ACCUPHASE E800 INTEGRATED, DP570 CD/SACD PLAYER, T1200 FM STEREO TUNER, DG-68 VOICING EQUALIZER, PS530 POWER SUPPLY, CANTON REF K3’s, CANTON REF K5’s, SILENZIO MUSIC SERVER, HRS MXR REFERENCE MAHOGHANY RACK w/ M3X2 SHELVES, WW GOLD CABLES Last edited by Masterlu; 12-06-2019 at 07:36 PM. |
#2
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Well sounds like time for people to email the fed’s about this
PayPal has been labeled as a credit card company and has to play by the same rules? Right? I’ve been using my Apple Pay more now for buying and selling. I even get cash back |
#3
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Really excellent points both by Ivan and Carl.
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Lumin P1 streamer/DAC/preamp, Constellation Inspiration integrated TT: Michell Gyro SE MkII, SME V, Koetsu Urushi Vermilion, EAR324. Harbeth 30.2s, REL R-305, Shunyata Alpha V2 ICs, Alpha V2 SPs, Sigma XC, Sigma NRv2, Omega QR-s & Alpha NRv2 PCs, segmented Altaira SG stack w/ Alpha & Omega CGCs, Everest 8000 PD. Remote Server Room: Uptone EtherREGEN, AfterDark Master Clock & LPS, Alita, Battle Angel, (Akasa NUC Roon Core), iFi DC Purifiers (for SMPS used for Alita & router), Shunyata Gemini combo power distributor & Altaira-type CG GP-NR hub, Venom & Alpha CGCs, Shunyata NRv14 power cords for digital components. |
#4
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Unfortunately I don’t think there is any rule that says a credit card company has to refund fees for returns. The credit card company is a go-between and makes money from transaction fees. Some will claim that a return is just another transaction for which they should be compensated, and may even charge a return fee to the vendor.
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Tony D'Agostino Momentum S250 MxV & HD pre; Linn Klimax Organik DSM, SonicTransporter, EtherRegen; Acoustic Signature Typhoon Neo, Koetsu RSP, Boulder 1108; Sf Il Cremonese; Shunyata Everest, Altaira, Sigma & Alpha v2 |
#5
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Quote:
So, a returned $10,000 sale will cost the merchant $250-$350. PayPal can do whatever they want. Ron
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Ron Processor: McIntosh MX170, Amp: Legacy Audio i-V7, Digital: Benchmark DAC3B, Roon Music Player, Oppo UDP-205, Apple TV 4K, Fire TV Stick 4K Max, Analog: Gold Note Pianosa Turntable, Gold Note PH-10 Phono Preamplifier, Donatello MC Cartridge, Speakers: Legacy Audio Signature SE Natural Sapele Pommele, Silverscreen HD Center, JL Audio e112-Gloss Sub Last edited by Poppyhome; 12-06-2019 at 11:39 PM. |
#6
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PayPal doesn't charge miscellaneous fees like others................so unless you have a tremendous amount of customer returns, when added up at end of year, it might not add that much. YMMV
Ron
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Ron Processor: McIntosh MX170, Amp: Legacy Audio i-V7, Digital: Benchmark DAC3B, Roon Music Player, Oppo UDP-205, Apple TV 4K, Fire TV Stick 4K Max, Analog: Gold Note Pianosa Turntable, Gold Note PH-10 Phono Preamplifier, Donatello MC Cartridge, Speakers: Legacy Audio Signature SE Natural Sapele Pommele, Silverscreen HD Center, JL Audio e112-Gloss Sub |
#7
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It doesn't seem obvious that Paypal would return fees for a refunded item sale, assuming they did their part to complete the original transaction. Transactions are what PP sells and their service is separate from the item sold; you buy a PP transaction when you use their service. The payment transaction was successful even if the item sale was not. Some (many?) merchants, dealers, sellers that accept PP often pass the PP fee on to the seller - if you want to pay with PP it will cost you 3% or whatever.
Not a perfect analogy but most sellers see shipping fees as part of the cost of doing business independent from the item cost, they ask buyers to pay for shipping and don't refund original shipping fees for returned items (unless they sent a defective or wrong item, etc.) PP is a sunk cost. If merchants don't want to absorb the PP fee cost - just like they don't want to pay for shipping on returns - they're free to reduce the cost of the refund. Banks nor merchants typically won't return wire transfer fees if the item is returned. Of course you don't have to like it. :-) |
#8
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Quote:
Great post,..tough subject but great post! Last edited by SCAudiophile; 12-07-2019 at 10:17 AM. |
#9
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Screw 'em, we'll do our transactions privately from now on.
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Poland: Silenzio, Simaudio, Luxman, Bricasti, Bryston, Shunyata, Stax, Meze, Linn, Audeze, and Dan Clark Headphones, Stax, Wireworld, Crystal, Nordost, Siltech. Home Main System: Magnepan 20.7, Pass Labs XA 100.5, Audio Research Reference 6, Esoteric P-03, D-03, G0-Rb, DV-60, Clearaudio Innovation & Tangent arm, VPI HW19 MK4 & ET 2.5 arm, Mark Levinson 37, Aesthetix Rhea Signature, Magnum Dynalab Etude, Kiseki PHS, Sumiko Palos Santos Presentation,Wireworld, Crystal Absolute Dream, Shunyata, Acoustic Zen, and Stealth cables Other Avalon Arcus, Snell Type AIII, Tympani IV, Green Mountain Europa, Martin Logan CLS, Tympani 1D, Counterpoint, GAS, Yamaha, Levinson, Perreaux, Proceed, Theta, Linn, and other collectibles, including 60 different headphones and 30+ headphone amps, over 60 cartridges, and too many cables, stands, and tweaks to list. |
#10
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Quote:
I have the same sentiment. While that will probably work well here on AA, it won’t (for me anyway) on eBay and other sites/locations where I routinely use PayPal. I’m not quite sure how this will affect me personally, but I will keep a close eye on it for sure. |
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