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Paying with Paypal

S

shakalaka

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Dec 24, 2021
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Hi,
I am renting from a Tug listing, I have already paid the deposit invoice through Paypal did not use the credit card, however I am wondering if the owner has any benefit if I use credit card vs. linked bank account? If the owner does not benefit from the person using bank account, I am thinking of using credit card for the remaining amount.
 
Use a credit card - that gives you the protection of your credit card.
 
Thanks everyone, I will use credit card.

> you maybe right but makes paypal rich in the process.

Actually, (my question was that) not using credit card is likely making Paypal rich, since it may be charging the seller (rentee?) the same fees regardless of bank or credit card (I believe it costs Paypal significantly less to process bank payments).
 
When I pay for something with PayPal, I the credit card that I have on file with them as my default payment method.. I know that either will protect me if something is wrong with the transaction. Generally the person who lists their place for rent is charging more for your rental than their MF. That is just part of the cost of renting your place.
 
callwill said:
Rich? How so?
Click to expand...
Paypal charges the sellers a rate, say 3% + 20c (or whatever the actual number is, but let us use this). If as a buyer I use credit card, Paypay has to pay part of (most likely not all) that to the credit card processor (say 2.9% + 19c, again actual numbers may be different). Now it is well known that the linked bank account does not cost a lot (say 10c per transaction ACH costs are really low, and does not have the % fees that you see with credit card), turns out Paypal will still charge the seller the 3% + 20c, so paypal is making a lot more money compared to credit card, while the seller does not benefit when buyer uses bank account. I was not sure if seller gets a better deal when I asked the question.
 
shakalaka said:
Paypal charges the sellers a rate, say 3% + 20c (or whatever the actual number is, but let us use this). If as a buyer I use credit card, Paypay has to pay part of (most likely not all) that to the credit card processor (say 2.9% + 19c, again actual numbers may be different). Now it is well known that the linked bank account does not cost a lot (say 10c per transaction ACH costs are really low, and does not have the % fees that you see with credit card), turns out Paypal will still charge the seller the 3% + 20c, so paypal is making a lot more money compared to credit card, while the seller does not benefit when buyer uses bank account. I was not sure if seller gets a better deal when I asked the question.
Click to expand...
Sorry, old thread.. Made an agreement with an owner to pay via PayPal, now they are demanding 75 extra for PayPal fees… Is this normal? I feel like it’s coming out out nowhere and it’s not like we are getting a cheap rental. I know it’s about over 1k over maintenance fees.
 
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Hankela said:
Sorry, old thread.. Made an agreement with an owner to pay via PayPal, now they are demanding 75 extra for PayPal fees… Is this normal? I feel like it’s coming out out nowhere and it’s not like we are getting a cheap rental. I know it’s about over 1k over maintenance fees.
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What was your agreement? Follow it.

The owner has to pay a 3% fee so it is not unusual to ask for extra if you are paying by cc instead of a check. But still, it is whatever you agreed to. If you have an agreement in writing, follow it. If there is no written agreement, and they are just adding this on, then you are free to walk and get your week from someone else.
 
Hankela said:
Sorry, old thread.. Made an agreement with an owner to pay via PayPal, now they are demanding 75 extra for PayPal fees… Is this normal? I feel like it’s coming out out nowhere and it’s not like we are getting a cheap rental. I know it’s about over 1k over maintenance fees.
Click to expand...

The last person I paid on Tug through paypal just gave me a total and wanted it through paypal so I sent what was requested and it was a done deal. Maybe the person you are renting from is new because they should have had a total that included all costs, imo.

Bill
 
Made an agreement with an owner to pay via PayPal, now they are demanding 75 extra for PayPal fees
Click to expand...
Did you ask for different terms than the ones that were offered and ask them to use PayPal? Then it's perfectly reasonable that you should cover the additional cost.
 
I'll be the contrarian. I use Paypal Friends and Family all the time. I make more payments with Friends and Family than I do "normal" merchant payments. And many, many of these go to total strangers. I just bought a coffee pulping machine for my farm -- the seller doesn't live near me and shipped it freight collect. I saved a serious amount of money compared to buying a brand new pulper.

1) Most folks are decent.
2) I obtain a phone number or similar before paying -- in my due diligence making sure it's a legitimate item/service for sale. And not digital vapor being sold by a scammer. I like to talk to the person selling the thing. Gives me a good idea of what sort of person I'm dealing with.
3) Nobody has so much as tried to rip me off in more than a decade.
4) This almost always results in a lower price -- they aren't being dinged for the transaction and pass it on to me.
5) Although these transactions add up to a serious chunk of change (I have purchased dozens of full loads of concrete and private road work this way), no one transaction is going to break me -- or even be more than a mere annoyance.

Yes, someone might read this, pay a F&F and get ripped off tomorrow. But I've been doing business this way for so long I'm just used to it. Frankly, I have more problems with big corporations than I do with small-time Paypal merchants.
 
The thing is, making a business purchase with a friends and family payment violates PayPal's TOS, and the owner may not be comfortable with that, because PayPal does sometimes enforce it.
 
DeniseM said:
The thing is, making a business purchase with a friends and family payment violates PayPal's TOS, and the owner may not be comfortable with that, because PayPal does sometimes enforce it.
Click to expand...

I've done some serious business using F&F. Usually, I ask the merchant if a F&F payment will yield a "cash discount." The fact that they know that charge cannot be disputed usually yields an enthusiastic yes.

If the private road I paid for this way doesn't raise an eyebrow, I can't imagine anything ever would.

I also insist on F&F payments when I'm selling things. If the buyer doesn't trust me enough with what I consider a minor amount of money, they're already a difficult customer. This is how I separate the wheat from the chaff in the murky waters of online sales.
 
DeniseM said:
Did you ask for different terms than the ones that were offered and ask them to use PayPal? Then it's perfectly reasonable that you should cover the additional cost.
Click to expand...
They offered pay with check or PayPal. So I didn’t think it was a problem. No big deal, really - I was just taken aback when they demanded how I “would make up the shortfall”
 
Hankela said:
They offered pay with check or PayPal. So I didn’t think it was a problem. No big deal, really - I was just taken aback when they demanded how I “would make up the shortfall”
Click to expand...
If they were fine with either and an extra charge was not mentioned, then politely explain there is no shortfall, you paid the exact amount that your contract required.
 
I own a beach house that I rent out most of the summer, and I occasionally rent out one of my timeshare home weeks if I have excess beyond my needs for the next year.

I offer PayPal as an option and I absorb the fee. Cost of doing business.

I would never pay a third party via PayPal Friends and Family, unless they actually were a close friend or a family member. A vendor who is asking you to pay via friends and family has implicitly told you that they are prepared to be untruthful if it is to their financial advantage. Is this someone you are willing to do business with without appropriate safeguards? I have less problem with a vendor asking for a 3% bump for the use of PayPal where it is my preference to go transact via that medium.
 
ScoopLV said:
I've done some serious business using F&F. Usually, I ask the merchant if a F&F payment will yield a "cash discount." The fact that they know that charge cannot be disputed usually yields an enthusiastic yes.

If the private road I paid for this way doesn't raise an eyebrow, I can't imagine anything ever would.

I also insist on F&F payments when I'm selling things. If the buyer doesn't trust me enough with what I consider a minor amount of money, they're already a difficult customer. This is how I separate the wheat from the chaff in the murky waters of online sales.
Click to expand...

Let me turn it around a bit. Would you ship and allow the customer to pay after they receive the item? Trust goes both ways, if you can't trust a customer over what already considered is a minor amount for the product, you are an unscrupulous business person anyways. /s This exact situation happened to me, someone said "trust me I am legit, use F&F to pay me", but when I asked them to trust me to pay it after I receive the item, they tried to educate me about how business is run.
 
shakalaka said:
Let me turn it around a bit. Would you ship and allow the customer to pay after they receive the item? Trust goes both ways, if you can't trust a customer over what already considered is a minor amount for the product, you are an unscrupulous business person anyways. /s This exact situation happened to me, someone said "trust me I am legit, use F&F to pay me", but when I asked them to trust me to pay it after I receive the item, they tried to educate me about how business is run.
Click to expand...

Yes. I paid F&F for my private road in advance. It cost about the same amount as a degree from Harvard.

The difference between buyer and seller is that the buyer is the one with the demand. Anyone who wants to buy stuff from me is going to do so in such a way that the smallest amount possible goes to middlemen.

I'm going to sell out, every year, without having to advertise. I'm not going to accept less just because it gives someone warm fuzzies while waiting for the product to arrive.
 
ScoopLV said:
Yes. I paid F&F for my private road in advance. It cost about the same amount as a degree from Harvard.
Click to expand...
That wasn't the question. If you were selling to someone, would you be willing to accept payment after delivery?
 
dioxide45 said:
That wasn't the question. If you were selling to someone, would you be willing to accept payment after delivery?
Click to expand...


Again: The difference between buyer and seller is that the buyer is the one with the demand. Anyone who wants to buy stuff from me is going to do so in such a way that the smallest amount possible goes to middlemen.

No. Absolutely not. I'm not sending goods without payment. I already have plenty of customers who aren't difficult. So I have no incentive whatsoever to deal with customers who want to make me jump through hoops before the sale is even made.

When I buy things, I pay in advance. When I sell things, the buyer pays in advance. That's how it works.
 
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