Re: New Paypal feature PAD Quote:
Originally Posted by GreenBean | I been getting the emails but haven't bothered to even read through them, but I just read through the link that GB posted, and it seems like what I expected
This is a buyers tool, so when you make a purchase there will be an option to "buy now, pay Later" if you choose this the transaction goes the same for the seller, and the seller receives the payment
PayPal basically lends the money to the buyer so on the seller end you won't even notice that the buyer used the option
And than I think they said a week or two after you receive the item PayPal will take the payment from the buyer
I think im going to try this out and see how it works, the funny thing is that I received the email on 2 or 3 stealth accounts that have VBAs attached , I can see this as an option that will be abused quickly and dropped once paypal gets stiffed out of a lot of money
It also says it won't be available for all items , so I bet they exclude all high risk categories like electronics or Bullion
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