Company doesn't want to pay by BACS, only Paypal

SummerSunshine2

^fees are much more for PayPal

JCS1

SummerSunshine2 wrote: »

^fees are much more for PayPal

If the client are overseas (OP still need to confirm) it will cost a lot more to send an international payment. 15+ years ago, it cost £15 to send a such a payment. They may have decided to use paypal on smaller invoices to reduce bank charges/fees.

brightonman123

Ask them to do as a gift, so you don't incur any fees.

Add any fees to next invoices, and make clear late / part payment may incur legal costs as well..

I am dubious as to why any firm would want to pay like this, though- off the official books, or has their bank frozen accounts?

Could offer a 'discount', for prepayments!

bap98189

brightonman123 wrote: »

I am dubious as to why any firm would want to pay like this, though- off the official books, or has their bank frozen accounts?

As the amounts being sent are very small, it is most likely quicker, cheaper and easier to do.

Wayne_O_Mac

brightonman123 wrote: »

I am dubious as to why any firm would want to pay like this, though

It's a lot easier to do a chargeback on PayPal than if the money was sent via BACS...

cj2011

JReacher1 wrote: »

I sell tickets via viagoggo on occasion and they always send the money directly to my Paypal account. I then withdraw the money directly to my bank account and I am not charged any fee to do this.

Why wouldn't Paypal charge you? If they charge people for selling something for 99p plus 50p P&P on ebay (they definitely do, even for the P&P part), why wouldn't they charge someone selling a ticket for £50 on Viagogo?

cj2011

Wayne_O_Mac wrote: »

It's a lot easier to do a chargeback on PayPal than if the money was sent via BACS...

Why would they need to? The assignment was completed to their full satisfaction, a purchase order was sent to me and the invoice amount was accepted. Why would they need to do a chargeback if they've already approved everything?

General_Grant

cj2011 wrote: »

Paypal doesn't allow people to sign up to two different accounts with two different email addresses.

I have at least 3 email addresses linked to my PayPal account though PayPal communicates with me by only one of them. So that is not itself a problem.

JReacher1

cj2011 wrote: »

Why wouldn't Paypal charge you? If they charge people for selling something for 99p plus 50p P&P on ebay (they definitely do, even for the P&P part), why wouldn't they charge someone selling a ticket for £50 on Viagogo?

I don’t know.

Viagogo move the money directly into my paypal account which I then withdraw directly into my bank account. There are no fees associated with this.

This provides more information confirming there are no fees.

https://www.paypal.com/sr/smarthelp/article/what-are-the-fees-for-withdrawing-money-to-my-local-bank-account-faq1189

cj2011

General_Grant wrote: »

I have at least 3 email addresses linked to my PayPal account though PayPal communicates with me by only one of them. So that is not itself a problem.

Does that mean that you could use either of those 3 email addresses to log in, with the same password, or would it have to be the primary one? i.e. if a hacker managed to get hold of one of the secondary email addresses (but not your primary one) may they be able to use that to gain access? Don't mean to scare anyone but I've been the victim of online card fraud more than once over the last few years (not on Paypal so far but they've managed to hack into well-known online retailers and place orders in my name, so who knows what they might try in the future) so I'm wary of things that could potentially make things easier for hackers.