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Old 12-07-2014, 02:07 PM
uberwasser's Avatar
1979 & 1985 300D's
 
Join Date: Oct 2012
Location: Tucson, AZ
Posts: 1,097
UPDATE - Group Buy W123 book - Payment method

The group buy for the W123 book ends tonight.

Be sure to read post # 5 below for updates after getting some feedback on this.

I've been doing some more research on payment methods and I've come to the conclusion that using PayPal and asking you all to send me gift payments is not a good idea. It's almost certain that with 60+ gifts coming in to my account all of a sudden, PayPal will flag my account and may freeze it, limit it, etc. I've been reading quite a few stories of this unpleasant reality online and I'm shying away from using it for this. I use PayPal for my eBay sales and don't want to risk my account being frozen.

In a search to find an alternative I was reminded about Venmo. Click the link to check out their site:

https://venmo.com/

And their FAQ page for some more info on how their site works:

https://venmo.com/about/fees/


It's specifically designed for people to be able to chip in for shared group expenses. Unlike PayPal tt is FREE for both the sender and receiver as long as you either:

Pay with a Venmo account balance
Pay directly from you bank account (linking to your bank account is not required - only needed if you do not have a debit card with a major financial institution AND you don't want to pay via credit card).
Pay with a major debit card

They ONLY charge fees in the event that you choose to use a credit card. That would be your choice to make, and you'd pay the fee if you chose to use a credit card.

Therefore I plan to use this method. I encourage all group buy participants to sign up for Venmo. It's free. Consider linking a bank account to it, if you don't have one of the listed major debit cards. It may take 1-3 days for your bank account to be verified.

I know that PayPal would have been more convenient for everyone since we all already use it, but I do not think it would have been viable for me to use. I hope everyone understands.

As always don't hesitate to contact me with questions or concerns.
__________________
1979 300D 040 Black on Black - 1985 300D Maaco job (sadly sprayed over 199 Black Pearl Metallic) on Palamino

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Last edited by uberwasser; 12-07-2014 at 04:01 PM.
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