PayPal Community

wHY DO YOU THINK YOU CAN'T USE BILL ME LATER TO PAY VENDORS YOU OWE.  YOU ARE ACTUALLY SENDING YOUR MONEY TO PAY PAL AND THEY ARE THEN SUBMITTING IT TO BILL ME LATER FOR DISBURSEMENT ON ACCOUNTS THAT YOU HAVE USED WITH BILL ME LATER RATHER THAN PAY IMMEDIATELY THROUGH PAY PAL AND YOUR CHECKING ACCOUNT.  BILL ME LATER IS ADMINISTERED THROUGH A BANK AND ACTUALLY IS A CREDIT LIMIT YOU CAN USE USING YOUR BILL ME LATER ACCOUNT YOU SIGNED UP FOR AND HAD TO BE APPROVED FOR.  MANY COMPANIES ARE INTEROWNED AND THAT DOESN'T STOP ONE COMPANY FROM PAYING ANOTHER COMPANY THEY OWN.  YOU JUST ARE ROUTING YOUR MONEY FOR PAYMENT RATHER THAN PAYING DIRECTLY TO PEOPLE YOU HAVE ASKED CREDIT FROM.  THOSE ACCOUNTS YOU ASKED CREDIT FROM WERE PAID BY BILL ME LATER AND YOU ARE THEN PAYING A PAYMENT THROUGH PAY PAL THAT SENDS IT TO BILL ME LATER AND TAKES CARE OF YOU CREDIT ACCOUNT WITH BILL ME LATER OF WHICH YOU HAVE BEEN ISSUED A CREDIT LIMIT YOU CAN USE UP TO A CERTAIN AMOUNT.    I HOPE YOU ARE FOLLOWING HOW I BELIEVE IT WORKS FROM MY EXPERIENCE.  BILL  ME LATER ALLOWS VENDORS TO SELL TO YOU WHEN YOU DON'T HAVE MONEY AVAILABLE IMMEDICATELY TO PAY THEM, BILL ME LATER'S BANK PAYS YOUR BILL IMMEDIATELY, THEN YOU PAY A MONTHLY PAYMENT TO THROUGH PAY PAL AND YOUR BANK ACCOUNT, OR YOU CAN PAY ANY AMOUNT YOU WISH THROUGH A SCHEDULED PAYMENT ARRANGEMENT OR PAY LATER AS FIRST ARRANGED.  IT IS A TOOL TO HELP YOU BUY YOU THINGS SOONER, BUT YOU HAVE TO BE CAREFUL YOU DON'T OVERSPEND.  IT IS SO EASY TO DO USING THIS CREDIT.  THEN YOU HAVE USED YOUR FUTURE MONEY THAT COULD HAVE BEEN A CASH PAYMENT FOR SOMETHING TO PAY CREDIT DEBT.  IT CAN GET TO BE A THREE RING CIRCUS.  SO BE CAREFUL.  IT IS SO EASY TO OVERSPEND ON ALL THESE DEALS AND THAT IS WHAT I HAVE LEARNED THE HARD WAY. OUCH.  CAROL MAY  GOOD LUCK ... View more

wHEN YOU LOG INTO PAY PAL ACCOUNT YOU SHOULD SEE THE BILL ME LATER INFORMATION AT THE TOP OF PAGE AND WHAT YOU OWE.  YOU CAN CLICK INTO BILL ME LATER FROM THAT PAGE.  AT LEAST THAT IS WHAT I HAVE DONE.  ASK PAY PAL FOR A PHONE NUMBER FOR BILL ME LATER.  WHEN YOU GO TO CHARGE OR PAY WITH PAY PAL, IT GIVES YOU THE OPTION AT TOP OF PAGE TO USE BILL ME LATER AND IT SAYS HOW MUCH CREDIT YOU HAVE TO USE WITH THEM.  IT IS A CREDIT CARD THAT IS USED IN CONJUNCTION WITH PAY PAL IS HOW I UNDERSTAND IT.  HOPE THIS HELPS.  CAROL MAY ... View more

I called in and asked for help with Bill Me Later.  I paid by mistake twice in June the last payment was $306.  I asked they return payment until next month and they said it had not cleared with Bill Me Later yet, but it should have by now.  Do I need to ask again to have the payment refunded to my bank account as I made this error and don't have enough fuinds to live on until payday.  ouch.  carol may ... View more

So Andy, Bill Me Later, would have to be set up like Pay Pal, get money from buyers bank or credit card and then pay the vendor.  You are saying they just pay for what we buy and we make payments to Bill Me Later in the future or like a revolving credit card, which is basically what it is.  SOUNDS LIKE YOUR COMPANY IS LOOKING TO SET ITSELF UP AS AS A TYPE OF PAY PAL ACCOUNT IN THE FUTURE, USING THE PAY PAL CONCEPT OF MOVING MONEY AROUND.  HOW INTERESTING IS THAT.  WELL, WE ALL JUST GOT HOOKED INTO ANOTHER CREDIT CARD ACCOUNT BY ONLY LOOKING AT THE I CAN PAY THIS BILL IN THE FUTURE AND SPREAD OUT OUR BUYING POWER, HOWEVER I THINK THERE IS STILL SOME INTEREST THAT WE PAY OR SERVICE FEE FOR THE BILL ME LATER ASPECT OF THIS.  HOW INTERESTING A LESSON THIS HAS BEEN AS I JUST RACKED UP OVER $800 THINKING PART OF IT WAS BEING PAID OUT OF MY BANK ACCOUNT, BUT WAS PUT ON MY BILL ME LATER STATEMENT AND NOW I HAVE TO PAY EITHER A MONTHLY PAYMENT OR WHAT I OWE, PLUS MY BILL ME LATER INTO SAY 6 MONTHS FROM NOW IS SITTING THERE ON MY STATEMENT.  IF A PERSON ISN'T CAREFUL THEY CAN GET REALLY CONFUSED WITH THIS COMPANY AND THINK THEY HAVE PAID OR FORGET THEY EVEN OWE THIS CREDIT CARD.  SEEMS LIKE ABOUT FIVE YEARS AGO I GOT INTO SOMETHING LIKE THIS AND HAD FORGOT THEY PENALIZED ME SOMETHING FIERCE WHEN I DIDIN'T REMEMBER BUYING WHAT THEY WERE BILLING ME FOR AND QUESTIONED WHY I HAD A BILL WITH ALL THE FEES ON IT AS I HAD NEVER GOTTEN A STATEMENT.  I AM GOING TO PAY THIS CREDIT CARD OFF AS QUICK AS I CAN AND NO MORE CHARGING.  PAY PAL HOPEFULLY CAN REMOVE THE PAY ME LATER OPTION AS I DON'T WANT IT AFTER I GET MY STATEMENT PAID OFF.  I SURE GOT DUPED INTO CHARGING A LOT MORE MONEY THAN I EVER INTENDED TO SPEND AND I CAN SEE HOW I DID IT.  YOU JUST THINK YOU CAN BUY A LOT AND SPREAD YOUR MONEY OUT LONGTERM, BUT IT IS JUST A REGULAR CREDIT CARD WITH THE OPTION OF PAYING AN ITEM IN THE FUTURE RATHER THAN NEXT MONTH, JUST LIKE A STORE CREDIT CARD, LIKE MACY'S OR ZALES.  PAY PAY DIDN'T NEED TO ADD THIS SERVICE TO ITS CUSTOMERS, IT IS BETTER TO PAY FROM YOUR BANK ACCOUNT CASH OR USE YOUR CREDIT CARD YOU ALREADY KNOW HOW IT WORKS AND YOU GET A STATEMENT.  I SURE GOT CARRIED AWAY WITH THIS ONE AND I COULD NOT AFFORD TO DO THAT AS MY INCOME LEVELS DROP DURING MY BEGINNING SENIOR YEARS, THANKS A LOT PAY PAL.  I SURE WENT INTO DEBT AND I DIDN'T INTEND TO DO THAT.  CMAYPAY  AND YES I AM ... View more

I went in to check my Bill Me Later balance after using it for the last three months.  checking my statements, I thought I had paid over $400 on my account, but it says I have made no payments.  Guess I will check my bank account and see if any money transferred to them.  I am confused.  I thought Pay Pal took the payment for Bill me Later, now I see it is a separate credit card and you get a limit to use, so that went on my credit report.  I had a few large purchases I wanted to defer until Sept. and now everything I do or buy is going on Bill me Later like it is a credit card purchase along with the deferred purchases.  I was sure that I had paid through pay pal for the small amounts and they are on my credit card with Bill me Later.  So now I am going to have to go over everything I bought and see where I paid it or if I charged it.  I DON'T LIKE THIS AT ALL.  i WASN'T AFTER ANOTHER ACCOUNT, I JUST THOUGHT PAY PAL WAS OFFERRING A SERVICE TO LET ME PAY LATER AND THE BALANCE I WOULD OWE WAS THROUGH PAY PAL AND BILLED LATER WHEN I ASKED TO PAY BILL IN FUTURE.  I FEEL SO MESSED UP AS NOW I HAVE OVER AN $800 PLUS BILL AND IT IS PAY LATER AND PAY NOW.  IF YOU DON'T CHECK AND SEE WHAT YOUR BALANCE IS ON BILL ME LATER, YOU COULD MISS A PAYMENT AND GET BAD MARK ON CREDIT REPORT AND A LATE FEE APPLIED TO BILL ME LATER AMOUNT OWED.  I AM FURIOUS.  THEY SHOULD SEND OUT ITEMIZED STATEMENTS, SO US CONSUMERS KNOW JUST EXACTLY WHEN PAYMENT IS DUE BECAUSE I DIDN'T KNOW.  LUCKY THAT MY BILL IN MARCH WAS BILL ME LATER IN SEPTEMBER OR I WOULD HAVE LATE FEES AND BAD CREDIT MARK.  I DON'T KNOW HOW TO TRANSFER MONEY FROM MY BANK ACCOUNT THROUGH PAY PAL TO PAY BILL ME LATER.  I WENT TO THE STEPS IT SAID AND I AM STILL CONFUSED.  I AM JUST GOING TO PAY THE FULL AMOUNT AS FAST AS i CAN AND NOT USE IT EVER AGAIN.  I WANT MY EBAY PAY PAL TO TAKE MONEY FROM MY BANK ACCOUNT, NO CHARGING AT BILL ME LATER, IT IS TO EASY TO FORGET AND RACK UP A HUGE AMOUNT OWED. I HAD SOME ACCOUNT PUT ME ON BILL ME LATER ON JEWELRY TELEVISION, SO THAT IS CONNECTED TO PAY PAL ALSO AND EBAY.  EVERYTHING IS GOING TO BILL ME LATER ON THEIR CREDIT CARD WHEN I PURCHASE PRODUCTS I WANT.  YIKES.  I DON'T LIKE IT AND THINK I GOT HOOKED INTO SOMETHING I DIDN'T ACTUALLY UNDERSTAND.  LOOKS LIKE OTHERS HAVE SAME PROBLEM.  OH YEAH, TEN DOLLAR CREDIT.  THEY CAN DO THAT, THEY JUST PAY THAT SMALL AMOUNT TO YOUR VENDOR AND YOU GET CHARGED LATE FEES YOU DON'T KNOW ARE COMING, THEY GET THEIR MONEY BACK AND REAL QUICK IF YOU FORGET YOU OWE IT.  CAROL MAY ... View more

I also am finding that Pay Pal goes to my bank account first for payment.  I read if you directed each separate payment to be taken from credit card it would take payment from there, but it has been going to my bank accunt first and repeatedly charging it.  I AM FURIOUS, BECAUSE THAT IS NOT WHAT HAS BEEN  EXPLAINED BY PAY PAL AND CUSTOMERS THAT YOU HAVE TO CHANGE METHOD OF PAYMENT EACH AND EVERY TIME, BUT I THOUGHT IF THE BANK ACCOUNT  DEFAULTS, THEY GO TO THE CREDIT CARD OR NEXT TYPE PAYMENT PER YOUR LIST.  NO....THEY GO AND DEBIT THE BANK ACCOUNT AGAIN BEFORE YOU EVEN REALIZE THERE IS A PROBLEM.   I DON'T EVEN GET THE CHANCE TO GO PUT MONEY IN BANK,  BEFORE THEY ARE RE CHARGING MY BANK AGAIN.   I GUESS HAVE A SEPARATE BANK ACCOUNT FOR PAY PAL AND KEEP MONEY IN THERE SPECIFICALLY FOR PAYMENTS MIGHT BE A GOOD IDEA, SINCE I CAN'T FIGURE OUT HOW TO EXPLAIN TO PAY PAL AND GET THEM TO DO WHAT THEY SHOULD DO.  THE COMPUTER PROGRAMMING FOR PAYMENTS **bleep**... AND THAT IS A FACT FROM WHAT I SEE.  HOPE THIS HELPS.  I BOUGHT A BUNCH OF STUFF ON AUCTION AND I BET THIS HAPPENS AGAIN TO ME.     I AM CALLING MY BANK (WELL FARGO) AND SEE IF THEY WILL REVERSE PAY PAL CHARGES AND FEES AS THEY WERE NOT TO DEBIT MY BANK ACCOUNT.   GOOD LUCK!!!!  CAROL MAY ... View more

thanks for this info.   i got serviced charged for nsf and now i don't know what to do as they will send the invoice in again and try to get money from bank when my money won't be in until about the tenth.  yikes,  and who do you get help from at Pay Pal????I DON'T THINK THEY CARE IF IT DOESN'T FIT IN THE SYSTEM TO BAD YOU FIGURE IT OUT, THEY CAN'T AND WON'T FIX IT IS WHAT I AM SEEING FROM THE COMPLAINTS. ... View more

HELP, DEBIT CKGING INSTEAD OF CREDIT CARD. CHARGE REFUSED AND NOW I OWE BANK $35.00 WHEN I ASKED THAT MY CHARGES BE BILLED TO MY CREDIT CARD IN THE SYSTEM.  PAYPAL SHOULD REFUND ME THE $35.00 FEE, I AM JUST FURIOUS AND EMBARASSED AND I SEE I AM  NOT ALONE WITH THIS PROBLEM.  I AM NEW TO ALL THIS AND I AM STARTING TO SELL HOPING TO GET A SMALL INCOME STREAM COMING IN.  I DON'T WANT TO HAVE TO WORRY IF MY MONEY IS IN THE BANK ACCOUNT OR NOT AND THEN I GUESS BUYER CAN REFUSE TO PAY FOR ITEMS IF THEY DON'T LIKE THEM OR HAVE BUYERS REMORSE AND YOU CAN BE OUT ITEM AND MONEY... GUESS IT IS A CHANCE YOU TAKE AND PART OF DOING BUSINESS.     HOW DO WE GET PAY PAL TO PAY THE SERVICE CHARGE FEES WHEN YOU WANTED YOUR CREDIT CARD TO PAY FOR ITEM NOT BANK ACCOUNT   THIS IS NOT FAIR AND THE SYSTEM SHOULD NOT CHANGE YOUR DEFAULT WHEN WE HAVE ASKED TO USE CREDIT CARD, NOT BANK ACCOUNT.  CAROL MAY   I ... View more

WOW, YOU JUST HIT THE NAIL ON THE HEAD.  YOU ARE CORRECT, DON'T BELIEVE PAYPAL, THEY WOULDN'T DO THIS UNLESS THEY WERE MAKING MONEY DOING IT.  I ALSO WAS STARTING UP A DROP SHIPMENT BUSINESS, BUT NOW AM RETHINKING THE WHOLE THING.  I JUST DON'T GET HOW THEY CAN LEGALLY HOLD YOUR MONEY, THEY ARE NOT A BANK OR CONTROLLED BY THE FEDS?  HMMMM.  MONEY LAUNDERING. IS THAT WHAT YOU CALL IT.  THEY WILL LOOSE A LOT OF BUSINESS OVER THIS.  EBAY SELLERS SHOULD JUST ACCEPT  CHECKS OR GET THEIR OWN MACHINE AND RUN CREDIT CARDS, IT COULDN'T BE ANY MORE EXPENSIVE.  TAKE MONEY ORDERS AND CASHIERS CHECKS OR USE WESTERN UNION.  THEN I GUESS BUYERS WILL HAVE TO WAIT A LITTLE LONGER FOR PRODUCT, UNLESS SELLERS HAVE THEIR OWN FUNDS BUDGETED FOR SHIPPING AND HOLD SHIPPING MONEY AS IT COMES IN TO THE ACCOUNT FOR THAT PURPOSE.  HOW MUCH A MONTH DO YOU SPEND ON AVERAGE FOR SHIPPING OR QUARTERLY OR YEARLY AND SET IT ASIDE WHEN YOU DO A STARTUP OR IN YOUR YEARLY BUDGET PROCESS OF INCOME AND EXPENSES GUESSTIMATES.  DON'T KILL YOURSELF OVER IT, BUT MAKE A BESST GUESS EFFORT AND THEN KEEP A MONTHLY, YEARLY TRACK OF SHIPPING COSTS FOR YOUR NEEDS, SO YOU HAVE FUNDS TO SHIP PRODUCT.  DROP SHIPPERS, ALL YOU GET IS THE MONEY YOU NET, SO YOU AREN'T PAYING THE SHIPPING OUT OF POCKET, IT GOES TO THE SUPPLIER AND IS PAID OUT, I BELIEVE., SO EBAY I DON'T THINK  IS INVOLVED WITH YOU ON THIS.  WELL, HOPE SOME OF MY WORDS OF WISDOM HAS HELPED.  I AM OUTRAGED AT HOW PAYPAL AND EBAY ARE RAKING IN YOUR MONEY AND YOU SELLERS ARE DOING A LOT OF VERY HARD WORK FOR THEM.  HHMMM. CMAY ... View more

I just read this holding funds situation.  we are paying and transferring money with credit cards, not checks, money is instantly approved with credit cards or debit cards for transfer to PayPal, If a debit card is reversed for NSF, perhaps due to payroll late etc. etc. it can be run through again very quickly and the Buyer can be contacted by PayPal or the backup credit card can be charged.  Checks are held for 21 days of clearing various banks from one part of country to the other when you deposit them into your account.  That is why sometimes your funds are not cleared for release when you deposit various checks you receive.  Then those funds held earn interest for the banks as you can't use them, but they are earning interest on your money.  PapPal must be trying to run this like we are depositing uncollected funds from one different bank  to another.  I thought they were just a service to help the Seller get paid for product timely, not make money, by holdling funds Sellers have made for 21 days,  I for one wouldn't sell and collect money on paypal if that is how they are handling payments to Sellers, plus they pay themselves from the so called uncollected funds and are waiting to make sure they clear.  I DON'T THINK SO, IT IS JUST A SCAM FOR THEM TO HOLD YOUR MONEY.  THEN THEY SHOULD PAY THE SELLERS INTEREST ON THE MONEY THEY ARE HOLDING FOR 21 DAYS.  HMMMMM.  I can see how another company could compete with PayPal and make some money for fees charged upfront for processing and space for storefront and so forth.  SURE HAS GOTTEN COMPLICATED.  tHAT IS WHY I DIDN'T OPEN A STORE FRONT OR START A BUSINESS ON EBAY, IT WAS TO COMPLICATED.  yOU CAN'T SELL AND MAKE MONEY, IF YOU CAN'T GENERATE HITS AND THAT COSTS MONEY, SO YOU BETTER BE SELLING BAJILLIONS OF STUFF OR BE VERY GOOD AT AUCTIONS AS I THINK THAT MIGHT BE THE EASIEST THING TO DO TO GET PRODUCT IN FRONT OF THE CUSTOMER. IT ONLY TOOK ME SIX MONTHS OF RESEACHING HOW TO SET UP A BUSINESS AND MAKE IT WORK WHEN I REALIZED ALL THE FEES, CHARGES, OVERHEAD JUST TO SELL SOMETHING AT YOUR SITE MIGHT NOT BE SUCH A PROFITABLE DEAL FOR THE LITTLE GUY.  I PAY FOR WHAT I BUY ON EBAY WITH PAYPAL, BUT ONLY IF THE SELLER REQUIRES IT AS I BELIEVE THE SELLER DOESN'T MAKE AS MUCH IF HE HAS TO PAY FOR ALL THE OVERHEAD TO PAYPAL. SHIPPING CHARGES I BELIEVE SELLERS ARE REALLY PUTTING IT TO THE BUYERS AND SOMETIMES THAT IS WHERE THEY MAKE THEIR PROFIT BY OVERCHARGING HANDLING COSTS, ADMIN. COSTS, AND SHIPPING FEES IN ONE HANDY LITTLE CHARGE.  I PAID $50 JUST TO GET A SMALL LAPTOP SHIPPED FROM DELL AND I KNOW IT COULD HAVE BEEN SENT FOR A LOT LESS THAN THAT.  INTERESTING, ISN'T IT.  CMAY ... View more