PayPal Introduces New Way to Get Paid

Nasce PAYPAL Here
Yesterday, PayPal unveiled a new way for its members to get paid. Instead of providing the email address associated with your account or having to direct someone to a shopping cart page for them to buy something from you, you can simply provide the person with your PayPal.Me link.

PayPal states on their blog that this new method is a “free, simple and personal way for you to request money from anyone across the globe.” Since it’s a link, people can easily remember it and can pay you quickly without having to jump through a bunch of PayPal’s hoops.

The really neat part is that you get to personalize your link. As an example, if I had mine set up – it might be paypal.me/Kate or something like that. Keep in mind though, that at the moment I don’t have an account set up, so if you really want to send me money and try to use that as a link, it might actually go to someone else named Kate! o_O

If you are interested in having this type of unique personalization for your link, it’s probably best to go ahead and set yours up fairly quickly. I suspect that the more common names will get snapped up in the same way that Facebook names were when they first allowed people to start personalizing their Facebook pages.

There is a little caveat to this new method of payment, however. While PayPal touts this as a “free” way to collect money from friends or colleagues for something like buying a cake for someone’s birthday party or to repay someone when you borrowed money, this “free” part is not entirely true. If you use your link as a personal account, then yes, there is no fee. If you use your link as a way for people to pay you to for services or goods, then you have to set your link up as a PayPal Business Account.

Take note that you do have to pay the appropriate fees when you use this service as a merchant. Another small thing to remember is that if you have a PayPal Business Account, the link can only be used to receive Purchase Payments. This means that your friends and family will have to find another way to reimburse you if they owe you money.

You can read more about PayPal.Me here.

Do you have a PayPal.Me account? Leave a comment below.

PayPal policy changes bring concerns for eBay sellers

MWC Barcelona 2013  - eBay, Paypal
Last weekend, PayPal quietly sent out an email to their customers with a message explaining what they should expect from the company once they separate from their parent company, eBay. The separation, which is expected to occur by July 17, will make the two companies independent from each other, although PayPal will still continue to be integrated into the eBay selling system as the preferred payment method of choice.

PayPal explained in the email that as far as sellers and buyers are concerned, the only real change that members should expect to see is that they will now contact each company separately depending on what the issue is. One thing that does have some sellers wondering about, however, is that there is also one other change that will now allow buyers to make a claim with PayPal even though they already have an opened claim in process with eBay.

What this basically means is that if a buyer isn’t happy with eBay’s decision on a claim, they can try their luck again with PayPal and hope for a more positive outcome. They can also go ahead and make a claim with PayPal even while they have one already open with eBay, then accept whichever claim comes through the fastest.

The only good news is that the buyer can’t “double dip,” or rather, they can’t receive money from you, eBay or another third party and then still receive a refund through PayPal. What some sellers fear this means, however, is that if a buyer wants a refund, they will get one regardless of the reason. As an example, if the reason doesn’t fall under eBay’s policies for refunds, a buyer that still wants their money back could potentially still get it by making a claim that will most likely fall under PayPal’s Buyer’s Protection guarantee.

Another thing that could make things more interesting is that if your eBay performance is at question, this could still cause PayPal to hold onto your funds. PayPal and eBay both say that this best way for this to be prevented is for sellers to uphold the highest standards when it comes to selling and that this should for the most part prevent any problems like this from occurring.

What do you think of the big split? Will you still sell on eBay or is it time to move elsewhere? Leave a comment below.

PayPal announces update to user agreement

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If you’re an online seller, there are probably some days that you think you are fighting a losing battle in the marketplace. Amazon makes policy changes and it become a little harder to sell certain types of items. EBay makes policy changes and suddenly sellers have to worry about how defect rates will affect them. Now, PayPal has decided to change its user agreement and sellers have that to worry about too.

Changes you ask? Well, last week PayPal announced that as of November 18, 2014, buyers will now have up to six months to file a claim for “Item Not Received” or “ Significantly Not as Described.” That’s a pretty significant time increase since as of now buyers have 45 days and the change in November will give them 180 days.

If you’re wondering if this is something you really need to worry about, well — yeah, you probably should.

Basically, this user agreement change gives buyers the ability to use the item they bought for six months and then ask for their money back. As you can imagine, when this policy change was announced in the U.K. back in June it went over like a ton of bricks.

Speaking of the selling across the pond, if you’re a seller who accepts international buyers, you’ll also need to acquaint yourself with the policies PayPal has in other countries. They’re tweaking that section of the user agreement too and it now basically states “PayPal’s Seller Protection and Buyer Protection policies may vary from country to country. If you as a seller, sell an item to a buyer from another country, you will be subject to Buyer and Seller Protection policies applicable to your buyer’s country.”

PayPal is also making a small change to the protection they are providing buyers for custom-made products. The coverage for custom-made products will now include claims for “Items Not Received,” but thankfully, it will not apply to SNAD or rather “Significantly Not as Described.”

Finally, there is a little good news in the fact that there are still some things that won’t fall under PayPal’s Purchase Protection. As an example, intangible goods aren’t covered and that includes digital goods. Real estate isn’t cover either, nor are vehicles, services or airline tickets.

You can read about all of PayPal’s announced changes here.