SPARTAN VI
[H]F Junkie
- Joined
- Jun 12, 2004
- Messages
- 8,748
Many of us already know that paying with "F&F" is a way for sellers to circumvent paying PayPal's 3% transaction fee, and that doing so forfeits the buyer's PayPal Buyer Protection. Did you also know that it forfeits PayPal's Seller Protection as well?
Here's a good example of how using F&F to avoid a 3% fee can and will screw over the seller. The buyer here initiated a chargeback via his bank and PayPal refused to handle the seller's claim because it was a F&F payment. Granted we've plenty of mixed experiences over PayPal's claims process, I've personally always been made whole when a deal went south.
TL;DR. I'd recommend that sellers bake the 3% fee into your asking price if you refuse the eat the fee. At the very least it doesn't shut the door on legal recourse if your deal/s go sideways. Very interested in hearing the rationale from Sellers who will still use F&F despite this information.
(Edit) Reworded this post to be more informational in tone.
Here's a good example of how using F&F to avoid a 3% fee can and will screw over the seller. The buyer here initiated a chargeback via his bank and PayPal refused to handle the seller's claim because it was a F&F payment. Granted we've plenty of mixed experiences over PayPal's claims process, I've personally always been made whole when a deal went south.
TL;DR. I'd recommend that sellers bake the 3% fee into your asking price if you refuse the eat the fee. At the very least it doesn't shut the door on legal recourse if your deal/s go sideways. Very interested in hearing the rationale from Sellers who will still use F&F despite this information.
(Edit) Reworded this post to be more informational in tone.
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