Reply
 
Thread Tools Display Modes
Old 02-04-2005, 03:04 AM   #1
brightspot
Knitting the Flap
 
brightspot's Avatar
 
Join Date: Jan 2005
Location: Athol, Idaho
Posts: 355
Thanks: 6
Thanked 2 Times in 2 Posts
Send a message via Yahoo to brightspot
A Sort of Knitting Question
This is sort of a knitting related question. I saw some knitting things on ebay that I want, so I signed up for a paypal account. My question is has anyone done this and have they hooked it up to their bank account. I don't know if I am comfortable doing this, but it seems to be the easiest way to pay for it. Any opinions are welcome.
__________________
Shawna
brightspot is offline   Reply With Quote

 

This advertising will not be shown to registered members. Join our free online community today!

Old 02-04-2005, 03:21 AM   #2
foldedbird
Working the Gusset
 
foldedbird's Avatar
 
Join Date: Jan 2005
Location: Southern Cali
Posts: 1,654
Thanks: 0
Thanked 10 Times in 2 Posts
Send a message via AIM to foldedbird Send a message via MSN to foldedbird Send a message via Yahoo to foldedbird
I have had a PayPal account for several years now, and have never had a problem with it being added to my bank account. I've also had my credit card added to my PayPal account and never had a problem with either. You'll need to do one of the two to pay for your eBay purchases via PayPal.

PayPal also has certain guarantees for fraud, and in sometimes will guarantee your purchases at eBay (such as you pay for an item and never receive it).

I personally feel more secure having one institution (PayPal) having my personal banking and credit card information vs. giving it to several different eBay merchants.
foldedbird is offline   Reply With Quote
Old 02-04-2005, 06:59 AM   #3
salsa
1st Leg of the Journey
 
salsa's Avatar
 
Join Date: Dec 2004
Location: The Netherlands
Posts: 112
Thanks: 0
Thanked 2 Times in 2 Posts
Rather than hook it up to your bank account, hook it to your credit card.

If something goes wrong with a transaction and you get ripped off, you can file for a PayPal chargeback. If the seller who has ripped you off can't prove to PayPal that he sent the item to you, and IF he still has a balance with PayPal, they will credit you the money your seller pilfered. BUT, if they can't get the money back because his paypal account is empty, you can contact your credit card company and file a credit card chargeback in order to get your money back. So using your cc thru PayPal will double your chances of recouping your losses on bad deal.

If you pay through your bank account, your chances of getting your money back on a fraudulent transaction are slimmer than slim. If PayPal can't get the money back from the seller, you have nowhere else to turn.

On the other hand, if you are going to sell stuff on ebay, THEN you need to have your PayPal account hooked up to your bank account because you need to be able to transfer the balances in your PayPal account to your bank account.

Having said all of this, I highly doubt that people who sell knitting stuff on eBay are going to rip you off. But just be aware that your cc can protect you in the even that you ever get into a bad deal on ebay.
salsa is offline   Reply With Quote
Old 02-04-2005, 11:44 AM   #4
JessicaSant
1st Leg of the Journey
 
JessicaSant's Avatar
 
Join Date: Dec 2004
Location: US
Posts: 129
Thanks: 0
Thanked 17 Times in 4 Posts
I had problems with a pay pal account once. Suddenly my credit card was charged for things I never bought and it was charged by Pay Pal. They corrected the sitution quite quickly.

But I would definiltly recommend hooking it to a credit card rather than a bank account, like Salsa said.
JessicaSant is offline   Reply With Quote
Old 02-04-2005, 12:53 PM   #5
brightspot
Knitting the Flap
 
brightspot's Avatar
 
Join Date: Jan 2005
Location: Athol, Idaho
Posts: 355
Thanks: 6
Thanked 2 Times in 2 Posts
Send a message via Yahoo to brightspot
Thank you very much. I feel much better about it now. I will try to hook my debit card to it since I don't have a credit card. I had never wanted anything bad enough to go thru all this for ebay. (My son has been trying to get me to do it for years.) I didn't realize what good prices they had on knitting things. I want. Thank you again.
__________________
Shawna
brightspot is offline   Reply With Quote
Old 02-04-2005, 01:20 PM   #6
Kiri
Ribbing the Cuff
 
Join Date: Nov 2004
Location: British Columbia, Canada
Posts: 74
Thanks: 0
Thanked 0 Times in 0 Posts
I've had my paypal account hooked the my credit card and my bank account for many years now.

Never had a problem.
Kiri is offline   Reply With Quote
Old 02-04-2005, 01:41 PM   #7
salsa
1st Leg of the Journey
 
salsa's Avatar
 
Join Date: Dec 2004
Location: The Netherlands
Posts: 112
Thanks: 0
Thanked 2 Times in 2 Posts
brightspot, I am not really sure if my advice above applies to a debit card. All I know is that you can do chargebacks on credit cards, but I'm not sure about debit cards. You should contact your bank and check with them. Just ask if you can file a chargeback on your debit card in the event of a disputed purchase and see what they say.
salsa is offline   Reply With Quote
Old 02-04-2005, 02:21 PM   #8
ekgheiy
Instepping Out
 
Join Date: Nov 2004
Location: In The Jungle - Stalking Frogs *evil laughter*
Posts: 2,579
Thanks: 3
Thanked 42 Times in 41 Posts
Send a message via ICQ to ekgheiy Send a message via AIM to ekgheiy Send a message via MSN to ekgheiy Send a message via Yahoo to ekgheiy
Originally Posted by salsa
brightspot, I am not really sure if my advice above applies to a debit card. All I know is that you can do chargebacks on credit cards, but I'm not sure about debit cards. You should contact your bank and check with them. Just ask if you can file a chargeback on your debit card in the event of a disputed purchase and see what they say.
I once had an authorized (and international) charge on my debit card in excess of $200!! I called my bank and my money was returned to me next business day! I didn't even have to fill out any forms
__________________
-ekgheiy

ekgheiy is offline   Reply With Quote
Old 02-04-2005, 05:52 PM   #9
Hildegard_von_Knittin
2nd Sock, I Rock
 
Hildegard_von_Knittin's Avatar
 
Join Date: Jan 2005
Location: dissertation research hell
Posts: 11,078
Thanks: 107
Thanked 205 Times in 172 Posts
I had a wierd issue with pay pay and my credit card a few years ago: every time I used paypal to pay for something, the charge would show up on my credit card as normal, but I would also have a "cash advance" fee for each charge I made. I always called the company and they fixed it right away each time... but this got old after a few months, so I just hooked paypal to my bank account instead. I don't know if the problem was with PayPal or my credit card company, but I like having it hooked to my bank account better anyway... no ridiculous interest rate charges, and it forced me to think "do I *reeeeeeeeally* want this???" because it's being paid for NOW, not later.
__________________
I'm back!
Hildegard_von_Knittin is offline   Reply With Quote
Old 02-04-2005, 07:08 PM   #10
feministmama
Instepping Out
 
feministmama's Avatar
 
Join Date: Nov 2004
Location: PDX
Posts: 3,674
Thanks: 310
Thanked 262 Times in 186 Posts
I have two accounts: One for my everyday use around town and one for on-line purchases. My on-line account is a debit card that acts like a credit card so I can use it for paypal. I only put in the account what I need to pay for an item. That way if I get ripped off they only steal a small amount of money rather than my whole she-bang. I've beenon ebay using paypal for a couple of years. I sell small stuff mostly. books, little knicknaks. It adds up though and pays for my knitting habit. I've bought needles, yarn, you name it. I haven't had any problems really. SOme slow payers when I sold stuff, slow delivery on things I bought but so far I've done OK. It's cool, like a big yard sale that everyone in the world participates in.
feministmama is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
What sort of knitting do you enjoy most? NorthernIrelandKnitter General Knitting 12 09-05-2009 10:23 PM
Here's a newbie sort of question--colorways Lisa R. General Knitting 5 10-05-2007 05:33 PM
OT (sort of) - Knitting in Speech Class DianaM General Knitting 19 03-01-2007 10:53 PM
Sort of OT - scrapbooking with sort of a knitting theme Ronda General Knitting 1 01-30-2007 10:52 AM
Knitting Video - well, sort of! kellyjo32 General Knitting 2 03-01-2006 06:42 PM

All times are GMT -4. The time now is 03:37 AM.