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Son-of-a-Weizen

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Posts posted by Son-of-a-Weizen

  2. LF: Donald Byrd/Pepper Adams Mosaic set

    in Offering and Looking For...

    Posted

    On 3/29/2020 at 5:39 PM, Dave Garrett said:

    I've used PayPal almost since their inception, and continue to do so, but with certain caveats. Unless things have changed, they are not a bank, so they are not subject to the same regulations that banks are (many of which are for the protection of depositors/customers).

    Also, I do not have my main bank account linked to my PayPal account, but rather keep a separate account that is only used with PayPal, with only a small amount of money in that account to keep it active from the bank's perspective. I use PayPal primarily for eBay transactions, and although I rarely sell on eBay these days, both eBay and PayPal policies strongly favor buyers (a primary example: buyers now have 180 days - six months! - to file a claim, so as a seller, you are essentially providing a six-month warranty at no cost during which time a buyer can change his/her mind about the purchase). If a seller winds up on the losing side of a dispute, and doesn't have a sufficient balance in their PayPal account to cover refunding the buyer, PayPal can claw back the balance from their linked bank account. Hence the recommended use of a PayPal-specific bank account to which money is regularly swept from the PayPal account, then withdrawn/transferred to another bank account that PayPal does not have access to. 

    Unscrupulous buyers can work eBay/PayPal's buyer-oriented systems to their advantage, and there are plenty of stories from sellers who've had it happen to them. Of course, I would not expect such things to be much of a concern in smaller, more collegial environments like this one. 

    The other thing about PayPal is that they can — and will — override eBay.   That happened last year when I got the shaft from a buyer in NC (automotive merchandise ...not jazz or music related).    Due to a technicality, eBay sided with the buyer and I went directly to PayPal — and they quickly ruled in my favor and pulled $450 from the seller.  

  24. Olive music system

    in Audio Talk

    Posted

    Scott, Oh, no.....more cables! Shoot me! Seriously, I want to downsize (majorly). The thought of transferring 2,000 or so CDs to a small unit like the olive 5hd (with built in dual amps so ya can plug a set of speakers right into the back).....then ditching all the heavy stuff ....Mac integrated, Mac Sacd player....and 6,000 CDs, seems appealing at this point in time. Will it happen? Who knows. I do know that I don't want to hook anything up to a pc and am sick of the jungle of cords/wires.

    Eric, thanks for the response.......will drop you a line if I have any more questions.

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