- Impact
- 2,400
Here is the whole list of changes:
https://www.paypal.com/us/webapps/mpp/ua/upcoming-policies-full?locale.x=en
Please discuss!
Sending money to Friends and Family, is by default, a donation, not a sale. So sending the money for a sale as Friends and Family payment could be considered against the rules.Interesting Bullet under items NOT Eligible for purchase protection
- payments sent using PayPal's Friends and Family functionality
Does this mean if I sell a domain name, and have the buyer send me funds as a "Friend or Family", then they can no longer file a dispute to get the funds back? (or is this against PayPal terms in some other section of their User Agreement)?
The reason I ask is this would be a great way to sell domain names that are low $xxx USD -- I don't have to worry about chargebacks 6 months down the road...
Sending money to Friends and Family, is by default, a donation, not a sale. So sending the money for a sale as Friends and Family payment could be considered against the rules.
Great... Higher fees, what could be better... At the moment Paypal is the easiest payment method, but if this tendency will continue, I'm sure a new type of payment system will be developed.
I don't think. Domain would be considered an intangible good.I wonder if they would consider a Domain Name as an "Investment"?
Unfortunately, these alternatives are not wide-spread, the majority of online commerce sites don't use them, and a lot of people don't know that they exist.There are plenty of others, including Stripe and Transferwise (way cheaper).
https://www.sitepoint.com/8-paypal-alternatives/
That is exactly what caught my eye in it too (ever rising fees, not so much a surprise unfortunately), seems like a clause that is less than scammed buyer friendly, could possibly allow a bad seller to argue their case on that ground if a domain they "sold" was stolen to begin with/never owned and transfered/etc and a buyer winds up out his money. hopefully not, will see.I wonder if they would consider a Domain Name as an "Investment"?
- Financial products or investments of any kind
.... Seems like with big ticket sales/unknown buyers/new members/etc this is done often, and understandably so, specifically because of issues people can have with a domain transaction using PP instead of escrow etc. Almost sounds like a domain seller would be breaking their TOS by NOT using their service (ie this was a sale that as seller they were not comfortable at that amount, with this buyer) if the buyer expressed a interest or preference even to use paypal...At all of your points of sale (in whatever form), you agree not to try to dissuade or inhibit your customers from using PayPal;