PayPal Instant Transfer Zapper

By paka — Last update Aug 21, 2009 — Installed 4,627 times.

Paypal balance?

in
Subscribe to Paypal balance? 2 posts, 2 voices



Aug 26, 2009 5:24am
fritzfox User
FirefoxWindows

Hello! I love the prospect of using your script!
My problem is, that I don't want it to charge my credit card. You see... I sell a lot of things and have a good balance in my paypal account (float), AND I have a paypal plus visa card. When you have a paypal card, paypal automatically makes the paypal card the default payment option always. It is annoying as hell when you mean to use your float and you click on the send payment button and it charges your paypal card.
Is there any way to get your script to use the float instead? I'm guessing it is a little more complicated, because in order to use the float, you have to click on the "more payment options" link, otherwise it never shows the option as a radio button (or any radio buttons at all, now that I think about it) before the final "send payment" page. I just hate buying things and letting paypal skip the fact that I have more than enough money to pay for the item I just bought.
For now I am going to switch it to eCheck, and hopefully get the "Are you sure you want to pay with an eCheck?" dialog box, and remember from there. If that is even possible.
Just "lost" $85 tonight >:(

Thanks!!!
--Fritz
 
Sep 8, 2009 9:39am
paka Script's Author
FirefoxWindows
 fritzfox: I am very surprised that they favor your using their credit card over pilfering your bank account. It seems like they make the same (or more) money from the instant transfer, while not having the risk of a bad charge on THEIR issued card. With any other card, they are using (abusing?) the security of authorizing your card from ANOTHER institution, to back up what amounts to free money taken from your bank account through instant transfer. (Free because they don't have to pay fees normally associated with credit card transactions, yet still charge the same fees to the seller.) The authorization of your card as a "backup source" enables them to instantly settle the charge on the card, should the instant transfer fail. It's a risk-free transaction for them and that's why it is normally the default -- and you can't change it, except per each transaction.

As for using your "float", that is not the best option either. In fact it's the second worst option for paying, since you are still operating under THEIR rules (not your card issuing bank's rules). If something goes bad for you - like not getting the product shipped, or damage, etc. then you are completely at PayPal's mercy. And they have very little if you go by the horror stories out there on the net. Your safest and most lucrative approach is for you to always transfer PayPal balances immediately to your bank account. Get it out of there while you can. Then use a credit card to pay for all purchases, where you get miles, awards, etc. These can really add up over time. Why would you want PayPal to take these away from you? As for their card, I have not read the terms, so I cannot speak as to whether it is as safe as a "normal" credit card, but suspicion is warranted based on their pattern of self-serving behavior.

Remember one thing: A company that relies on your "accidental forgetfulness" in order to improve their profit margins should be eyed with caution. The mere fact that you can't change payment defaults in your personal settings shows their intent.

As for the eCheck option in the Instant Transfer Zapper script, that only pertains to what comes up ONCE YOU GET TO the options page. The script itself, merely prompts you to go to that page when it sees "instant transfer" as PayPal's intended method. IT WILL NOT PROMPT YOU WHEN THEIR DEFAULT IS TO YOUR PAYPAL ISSUED CREDIT CARD.
Cross
Presentational HTML allowed.
Use <code> for inline code and <pre> for code blocks. Use &lt; and &gt; for literal < and >.
We help break paragraphs and link your links.
or cancel