The Wholesale Forums

[ara-uk]

Originally Posted by Anthony

How on earth can they justify wanting your suppliers information?

What a complete farce!

Many people pre-sell items on eBay and use PayPal as their primary payment method.

I sold 100 iPods last year through eBay and received over £12k into my PayPal account within a 3 day period.
Now you'd be thinking what a stupid thing to do. Well it actually wasn't, because I'd done exactly the same thing 3 months previously but with JBL speakers and not iPods.
The final values of the auctions of both items was around the same, give or take £10.

The only difference with the two was that I had the speakers on hand and was able to deliver them out right away. PayPal watched my eBay feedback over the next couple of days and saw that all was well, so they didn't freeze my account.
However, with the iPods, PayPal decided to freeze my account within 1 week of me receiving the £12k..purely because they thought there was potential fraud. I called PayPal to explain the situation saying I needed the funds to pay my supplier. This is where they told me to fax the supplier's details and any relevant invoices in to see if there actually was a supplier.

This could explain PayPal's need for supplier's details, although I still think it is a totally ridiculous way of verifying a seller, but seems to work for them!

[Anthony]

Thanks for the explanation Azeem, I can see where Paypal are coming from now, still a little unethical imo though.

[MustHaveMobiles]

Its come under the money laundering regulations, this information is pretty much a pre requisite from them to solve 'issues'..

[jcfisher21]

I have a general question regarding Paypal Security. I have recently found a supplier who has decend prices for iPods. He accepts Paypal. I wanted to do an initial transaction for a large sum but decided to buy a smaller quantity even though the unit price was higher. The total came up to $2100. Now, I have decided that even with Paypal I wont' take the chance of loosing that much money, so I split the payment in two separate transactions. Paypal claims to insure you up to $1000 on a transaction if you "qualify" for their buyer/seller protection program. The end seller happens to be a Paypal Business Verified Member. Also, I am paying via a Major Visa Credit Card. Does everyone think that this is a good idea? Have I done everything in power to insure a safe transaction? Thanks

[cherylsonoda]

I found a supplier and they accept paypal.I thought paypal was 100 % safe for both parties.If i use my CC for paypal is it 100% safe? What about using LC( letter of credit) is it safer?
Cheryl

[Anthony]

Originally Posted by cherylsonoda

I found a supplier and they accept paypal.I thought paypal was 100 % safe for both parties.If i use my CC for paypal is it 100% safe? What about using LC( letter of credit) is it safer?
Cheryl

Paypal is definitely not 100% safe. You will struggle to find any payment method that is 100% safe.

Have a read over at Wholesale Helper - Secure Payment Methods.

[danky]

They called me and asked for information. I totally bsed my way through it. Anywho, Azeem where did you get a number? I believe ive searched high and low for a paypal phone number.

[cherylsonoda]

Okay thanks Anthony :-)

[Theory817]

Originally Posted by danky

They called me and asked for information. I totally bsed my way through it. Anywho, Azeem where did you get a number? I believe ive searched high and low for a paypal phone number.

From Paypal's site:

PayPal Customer Service Agents are available to help you during the following times:

4:00 AM PDT to 10:00 PM PDT Monday through Friday
6:00 AM PDT to 8:00 PM PDT on Saturday and Sunday

Call us at: 1-402-935-2050 (a U.S. telephone number)

We may only discuss an account with the account-holder. Please have the following information available when you call:

• Your telephone number
• Your email address
• The last 4 digits of your credit card or bank account registered with PayPal

[kelvingb]

hi,everybody,I m new here.I m very glad to make some friend from different country in here.I m from china,dealing in wholesale the consumer electric.
Who can tell me if the Paypal is safety for seller? Many customer of mine request me to accept Paypal as method of payment,original i just accept Wire Transfer as method of payment,many customer can t agree that,but they prefer Paypal as method of payment.i want to expand my business now,so i begin to care the Paypal.In china,Paypal is not very popular,but as i know,it s very popular in US and some Euro country like UK,France...I have viewed all the Paypal Policy and Help Features,but i worry about Paypal can t protect the seller against chargeback by some scammer.
Some friend from US or UK or France,
Pls teach me how can i solve the issue about chargeback if i really send the goods to my customer?