PayPal has officially launched its Pay After Delivery service..

[Tech_Dreamer]

Payday...

 
Pay After Delivery, a paypal service which introduced to order items online without  having to make the payment immediate , the company officially announced this at the Money2020 payments event in Las Vegas today. The payment firm also revealed new partnerships with Burger King and GoDaddy as well as with Visa firms Authorize.net and Cybersource.
 
 

Pay After Delivery lets PayPal users pay for their goods up to 14 days after they choose to make a purchase

 

 
The company piloted Pay After Delivery in the U.K. last year and then tested it earlier this year in the U.S. PayPal has decided it is now ready to launch the service officially, saying that “millions of consumers” have tried it and the time is now right for a marketing push.
 
 

While shoppers get to buy and pay later, merchants still get paid immediately, meaning PayPal is essentially offering a two-week loan.

 
 
The goal, as PayPal puts it, is to give customers “the same level of confidence whether they shop online or in store.” While shoppers get to buy and pay later, merchants still get paid immediately, meaning PayPal is essentially offering a two-week loan.

 

 
 
Furthermore, the company is “looking to roll out Pay After Delivery globally,” . PayPal currently has over 157 million customers in 203 markets around the world. If this service catches on, it could become another differentiator for the payment platform.
 
 

Fast food customers will soon be able to pay for their meals using PayPal, thanks to a collaboration with app developer Tillster, which built Burger King for Android and iOS. Users will be able to order food before they arrive, for which the app will generate a one-time code. Their PayPal account will be charged when they present the code to the cashier before receiving their food.

 

 

Initially, Tillster will turn the feature on for only select locations. It will roll out to all U.S. locations by sometime early next year.
 
 
PayPal is facing increased competition from all sides of the tech industry. It’s exactly new features like Pay After Delivery and deals like the above that will help it stay relevant
 
Bonus:

 
Post your thoughts/comments & rants down belooooooowwwww...........
 
Link:
http://venturebeat.com/2014/11/03/paypal-officially-launches-pay-after-delivery-service-announces-order-ahead-for-u-s-burger-king-locations/

[Tafel_Kafel]

I'm going to order the most expensive thing I can using a fake ID n' stuff then I will kill the delivery guy and run away with that... thing.

[Fred Castellum]

Interesting... I can see this being quite handy.

 

I remember Elon Musk saying how if he was still the owner of Paypal he'd fix a lot of the areas of the service where he thinks needs improvement. I wonder if this is a improvement in his eyes. 

[Misanthrope]

As a buyer:

 

 

As a seller however:

 

[Colonel_Gerdauf]

As a buyer:

-snip-

As a seller however:

-snip-

The seller is still getting the payment from PayPal during transaction, nothing has changed there. It is just giving the buyers a small window to make the return process easier for them.

[Kobz360]

I'm assuming to ensure there's no tricky business going on, you'll have to have a credit card or debit mastercard connected to PayPal so if you don't pay, they'll just take the money straight out themselves, regardless of whether you have a sufficient (positive) balance

[dalekphalm]

The seller is still getting the payment from PayPal during transaction, nothing has changed there. It is just giving the buyers a small window to make the return process easier for them.

What I would like to know is this:

 

Is the customer charged right away? I would hope yes. If they want to do this, then they should be charging the customer right away, and then putting the money in an escrow account that PayPal holds on behalf of the seller.

 

I mean it's all fine and dandy if the customer is not charged right away, but I can just see there being way too much potential for abuse if that is the case.

[dalekphalm]

I'm assuming to ensure there's no tricky business going on, you'll have to have a credit card or debit mastercard connected to PayPal so if you don't pay, they'll just take the money straight out themselves, regardless of whether you have a sufficient (positive) balance

I don't know how it works in Australia, but in Canada, if your balance is insufficient, then the charge will be rejected. How it does this depends on credit vs debit.

 

With a credit card, the charge will simply be refused. With a debit card, the charge will go through, wait for your bank to be all "OH NO, NOT ENOUGH MONEY HERE!", reverse the charge, and charge you (the buyer) an NSF fee (Non-sufficient funds), which is usually around $45.

 

Some bank accounts have overdraft protection that basically acts as a small line of credit, in case your balance is insufficient, but generally this is a feature that must be applied for, and approved with a credit check. Other banks may charge a micro NSF fee, without reversing the charge (Your balance just goes into the negative, and you get charged $5).

 

So the problem here is that if you the buyer has tapped out all your money, and PayPal tries to withdraw the funds you owe them, they won't be able to get their money.

[Tech_Dreamer]

What I would like to know is this:

 

Is the customer charged right away? I would hope yes. If they want to do this, then they should be charging the customer right away, and then putting the money in an escrow account that PayPal holds on behalf of the seller.

 

I mean it's all fine and dandy if the customer is not charged right away, but I can just see there being way too much potential for abuse if that is the case.

 

As far as i know from  the source, paypal is under loan period in between the order confirm &  delivery date , most probably there won't be a gimmick to that, ofcourse it can be abused but maybe they will  later charge them since paypal is linked via their bank account & they can scoop up their payment if the buyer is being fraudulent, i read up on their t&c , it doesn't say any thing about overcharging

 

 

I don't know how it works in Australia, but in Canada, if your balance is insufficient, then the charge will be rejected. How it does this depends on credit vs debit.

 

With a credit card, the charge will simply be refused. With a debit card, the charge will go through, wait for your bank to be all "OH NO, NOT ENOUGH MONEY HERE!", reverse the charge, and charge you (the buyer) an NSF fee (Non-sufficient funds), which is usually around $45.

 

Some bank accounts have overdraft protection that basically acts as a small line of credit, in case your balance is insufficient, but generally this is a feature that must be applied for, and approved with a credit check. Other banks may charge a micro NSF fee, without reversing the charge (Your balance just goes into the negative, and you get charged $5).

 

So the problem here is that if you the buyer has tapped out all your money, and PayPal tries to withdraw the funds you owe them, they won't be able to get their money.

 

Yup same with this, only debit will allow the due not credit if payment is over the credit amount, otherwise there will be no transaction happening..

[Syntaxvgm]

Ebay already screws sellers. Now that sellers have been screwed so much, ebay realized they're not so tight anymore. So they had the widen the shaft of buyer-bias for a snug fit. 

[IdortMasterRace]

From the looks of things, the seller would have to actually enable this for the transaction. I'm sure if I'm selling something on eBay I can choose to enable Pay After Delivery for the item I'm selling or not.

[Kobz360]

I don't know how it works in Australia, but in Canada, if your balance is insufficient, then the charge will be rejected. How it does this depends on credit vs debit.

 

With a credit card, the charge will simply be refused. With a debit card, the charge will go through, wait for your bank to be all "OH NO, NOT ENOUGH MONEY HERE!", reverse the charge, and charge you (the buyer) an NSF fee (Non-sufficient funds), which is usually around $45.

 

Some bank accounts have overdraft protection that basically acts as a small line of credit, in case your balance is insufficient, but generally this is a feature that must be applied for, and approved with a credit check. Other banks may charge a micro NSF fee, without reversing the charge (Your balance just goes into the negative, and you get charged $5).

 

So the problem here is that if you the buyer has tapped out all your money, and PayPal tries to withdraw the funds you owe them, they won't be able to get their money.

I cannot confirm from personal experience, but I'm pretty sure that if you connect just a bank account to PayPal (no credit/debit mastercard) the payment will just be rejected as well. It seems like the systems in both countries are pretty much identical - I might've just worded what I said badly. I'm sure in Aus as well, an insufficient credit card payment would be rejected as well

 

Anyways yeah, you're 100% right, if you just have a sole bank account connected to paypal (without debit card) and your credit card is rejected, there's nothing they can really do. Even if they make debit cards necessary and one ends up having to pay an NSF fee, the charge will still be reversed, Paypal doesn't get their money and you'll still have your 'unpaid' for item in your possession (despite the ~$45). 

 

I wonder what system they had in place for the trials

[dalekphalm]

I cannot confirm from personal experience, but I'm pretty sure that if you connect just a bank account to PayPal (no credit/debit mastercard) the payment will just be rejected as well. It seems like the systems in both countries are pretty much identical - I might've just worded what I said badly. I'm sure in Aus as well, an insufficient credit card payment would be rejected as well

 

Anyways yeah, you're 100% right, if you just have a sole bank account connected to paypal (without debit card) and your credit card is rejected, there's nothing they can really do. Even if they make debit cards necessary and one ends up having to pay an NSF fee, the charge will still be reversed, Paypal doesn't get their money and you'll still have your 'unpaid' for item in your possession (despite the ~$45). 

 

I wonder what system they had in place for the trials

I can confirm that at least here in Canada, you'll get dinged for that $45 NSF fee regardless of whether a Debit Card is associated with your account. You get the same fee if a cheque bounces, for example. Of course now I'm getting a little off track

 

But PayPal is a huge (and successful) company. They're not stupid. They must have done research into this, and either came to different conclusions then we did, or they simply have more information then us.

[DigitalHermit]

How come this is new to Paypal?

 

This service has been default for Lazada (a local online shop with terrible web design sense) since it started... Cash-on-delivery is what they call it, which is nice since not everyone has a credit/debit card here and security is less than ideal...

[dalekphalm]

How come this is new to Paypal?

 

This service has been default for Lazada (a local online shop with terrible web design sense) since it started... Cash-on-delivery is what they call it, which is nice since not everyone has a credit/debit card here and security is less than ideal...

This goes even further then Cash On Delivery. They will have (depending on delivery speed) a week or so to try the item out before paying, according to this.

 

I think Cash on Delivery makes more sense, from the convenience aspect. It would also make defrauding a little more difficult, as you can have the Courier not hand over the package unless they pay.

[TopWargamer]

It's a neat service, that's for sure. I can totally see myself using this.

[Tonylu1595]

More debt.

[dalekphalm]

More debt.

Uhm.... wat?

 

Can you please elaborate on your... extremely vague statement?

[Altecice]

I'm going to order the most expensive thing I can using a fake ID n' stuff then I will kill the delivery guy and run away with that... thing.

 

I have a funny feeling this will be limited to accounts that are fully verified and have a bank account linked. So if you decide not to pay they will come knocking .

[Tonylu1595]

Uhm.... wat?

 

Can you please elaborate on your... extremely vague statement?

"Pay After Delivery, a paypal service which introduced to order items online without  having to make the payment immediate"

Sounds like an increase in credit card debt to me.

[razor767]

This was piloted in the UK last year? How did I not know about it? 

[dalekphalm]

"Pay After Delivery, a paypal service which introduced to order items online without  having to make the payment immediate"

Sounds like an increase in credit card debt to me.

Could be. However, you still have to pay within a very short time frame. More like a Micro-loan or Pay-day loan, but with zero percent interest.

 

I definitely think there's room for abuse, but I'm willing to bet that PayPal has thought this through fairly well.

[Thony]

I can finally safely shop on ebay and avoid a seller saying he sent the item weeks ago ang getting into long process of getting my money back. Guess ill be getting my Oculus Rift from ebay without worrying

[dalekphalm]

I can finally safely shop on ebay and avoid a seller saying he sent the item weeks ago ang getting into long process of getting my money back. Guess ill be getting my Oculus Rift from ebay without worrying

Buy from Sellers with 100% feedback (Or within a couple percent, and check their feedback to see why they don't have 100%). Honestly, buyers have way more protection then Sellers do.

 

Also, if you are buying an Oculus Rift on eBay then WHY ARE YOU NOT GETTING IT SHIPPED WITH TRACKING AND INSURANCE? If it comes with tracking, then what you describe is a non-issue. Oculus ain't cheap bro, don't cheap out. Get tracked shipping.

[Thony]

Buy from Sellers with 100% feedback (Or within a couple percent, and check their feedback to see why they don't have 100%). Honestly, buyers have way more protection then Sellers do.

Also, if you are buying an Oculus Rift on eBay then WHY ARE YOU NOT GETTING IT SHIPPED WITH TRACKING AND INSURANCE? If it comes with tracking, then what you describe is a non-issue. Oculus ain't cheap bro, don't cheap out. Get tracked shipping.

I havent done anything yet, just used a terrible example of someone else on the forum