Paypal fees and renting/transferring points

[ClarabelleCowFan]

Just curious - if you have rented out or transferred your points do you charge the renter/buyer the paypal fees or do you (as the owner) just consider that the cost of doing business?

Thanks!

 

[bgraham34]

I did not charge the buyer the fee, I ate the cost, it was minimal.

 

[Sammie]

You can not charge for a transfer.

 

[sweetdana]

I have always transfered the $$ as a gift to the person selling the points, all long time dissers, and you do not pay a fee for that. I have always made sure 100% trust, before doing it, so risk was lower.

I think how ever you post the ad, (or buy the posted ad), either way is fair.

If you charge 10$ a point with buyer paying fee or 12$ with seller paying the fee. either work out about the same.

Also you can sell your points through a transfer, you cannot profit from it.

 

[Sammie]

I have always transfered the $$ as a gift to the person selling the points, all long time dissers, and you do not pay a fee for that. I have always made sure 100% trust, before doing it, so risk was lower.

I think how ever you post the ad, (or buy the posted ad), either way is fair.

If you charge 10$ a point with buyer paying fee or 12$ with seller paying the fee. either work out about the same.

Also you can sell your points through a transfer, you cannot profit from it.

Nope, per the POS you can not recieve any compensation for a transfer.

And actually according to what MS told me recently you can rent as long as you make no profit from doing so.

Now do members do it and get away with it, sure. But per the POS it is not allowed.

 

[ClarabelleCowFan]

What do you mean you can't profit from a transfer? If someone is asking $9 or $10 a point for a transfer is that considered a profit?

Just trying to understand the legalities here. I have never rented or transferred points before but since the Army is wreaking havoc with one of our scheduled trips later this year then I am considering offering the rest of our non-bankable points in this UY for transfer less we risk losing them altogether at the last minute.

Thanks for any insight.

 

[Sammie]

What do you mean you can't profit from a transfer? If someone is asking $9 or $10 a point for a transfer is that considered a profit?

Just trying to understand the legalities here. I have never rented or transferred points before but since the Army is wreaking havoc with one of our scheduled trips later this year then I am considering offering the rest of our non-bankable points in this UY for transfer less we risk losing them altogether at the last minute.

Thanks for any insight.

Per the POS you can not recieve any money aka compensation for transfers.

Basically you would have to gift a transfer, no money exchange of any kind.

There were years that I never heard MS mention the word rental so something is up with them lately.
And according to the MS agent I spoke with the other day she gave me an ear full about renting which I did not ask for as we don't rent.

But she asked several times was the extra studio I was booking a rental. No it was for a family member. She said, well if you do rent you can only charge enough to cover your dues, you can not make any profit.

Also if you rent you are required by Member Services to let them know it is a rental.

 

[ClarabelleCowFan]

Per the POS you can not recieve any money aka compensation for transfers.

Basically you would have to gift a transfer, no money exchange of any kind.

There were years that I never heard MS mention the word rental so something is up with them lately.
And according to the MS agent I spoke with the other day she gave me an ear full about renting which I did not ask for as we don't rent.

But she asked several times was the extra studio I was booking a rental. No it was for a family member. She said, well if you do rent you can only charge enough to cover your dues, you can not make any profit.

Also if you rent you are required by Member Services to let them know it is a rental.

Thanks for the explanation. I didn't realize the rules were written that way.

 

[supersuperwendy]

No I don't charge renters for the paypal fee.

 

[MinnieVanMom]

I really wondered about this also but felt that the fee wasn't so big that it made a difference. I would say that it depends on the how many points and the price. There could be a number that the fee starts to get higher than acceptable.

As stated you could make sure the price is in the points for rent if it is going to be a large transaction.

 

[KAT4DISNEY]

She said, well if you do rent you can only charge enough to cover your dues, you can not make any profit.

.

I'm afraid she was making that up. There is no such language in the POS regarding rentals and renting is specifically allowed per the POS. As you stated the POS does designate that transfers are not allowed to be done for $$$'s. It also does designate that commercial renting is prohibited but it does not really detail what that is.

OP - I've seen ads both ways and it would be completely up to you which way you would prefer to go. I'd just be certain to outline it in the ad so a renter is aware. I prefer personal checks myself (in the whole single time I've ever rented! )

 

[Sammie]

I'm afraid she was making that up. There is no such language in the POS regarding rentals and renting is specifically allowed per the POS. As you stated the POS does designate that transfers are not allowed to be done for $$$'s. It also does designate that commercial renting is prohibited but it does not really detail what that is.

OP - I've seen ads both ways and it would be completely up to you which way you would prefer to go. I'd just be certain to outline it in the ad so a renter is aware. I prefer personal checks myself (in the whole single time I've ever rented! )

I just find it interesting she even mention renting, something is feeding that.

 

[ClarabelleCowFan]

I'm afraid she was making that up. There is no such language in the POS regarding rentals and renting is specifically allowed per the POS. As you stated the POS does designate that transfers are not allowed to be done for $$$'s. It also does designate that commercial renting is prohibited but it does not really detail what that is.

OP - I've seen ads both ways and it would be completely up to you which way you would prefer to go. I'd just be certain to outline it in the ad so a renter is aware. I prefer personal checks myself (in the whole single time I've ever rented! )

Thanks. I don't think the number of points that I have to offer up is going to make a difference but I just wondered if that was the norm or not.

I think I would honestly prefer a postal money order so that there wouldn't be a chargeback or fraud possibility with paypal.

 

[psimon]

You can not charge for a transfer.

Actually, since you, the seller, construct the deal, including how much the points are, etc, you can charge anything you want! The buyer has to agree to it!

If you get $10/point and you are renting out 200 points, we are talking a large transfer fee. Why would I want to "eat' that fee.

If you can't say you will charge for the transfer, charge $10.25 or $10.50/point instead of $10.00. That would take care of it and you aren't asking for fees to cover the transfer.

---Paul in Southern NJ

 

[Muushka]

OP, I have never used pay pal for either renting to or renting from. Always a personal check.
It is a trust thing that goes both ways.

 

[psimon]

OP, I have never used pay pal for either renting to or renting from. Always a personal check.
It is a trust thing that goes both ways.

I agree.... it is a trust thing.... and I have done it by bank check, especially when it is short notice.

But it does put the renter's mind at rest if they are able to charge their "vacation". It allows them to pay it over time if they choose (not my concern) and/or if they collect some sort of 'rewards points', they can get those as well.

So there are advantages to the renter if they charge their trip and since I can't directly take a credit card, this allows them the flexibility! Paypal can do that if one desires it.
--Paul in Southern NJ

 

[Sammie]

Actually, since you, the seller, construct the deal, including how much the points are, etc, you can charge anything you want! The buyer has to agree to it!

If you get $10/point and you are renting out 200 points, we are talking a large transfer fee. Why would I want to "eat' that fee.

If you can't say you will charge for the transfer, charge $10.25 or $10.50/point instead of $10.00. That would take care of it and you aren't asking for fees to cover the transfer.

---Paul in Southern NJ

I am not talking about what a seller can do I am talking about the POS, we as members are not allowed to receive any payment for transfers. Read your POS it is in there.

Do members do it, of course. I just find it kinda funny that many get upset over occupancy levels, etc. but look the other way on the no compensation for transfers rule.

 

[disneynutz]

Thanks. I don't think the number of points that I have to offer up is going to make a difference but I just wondered if that was the norm or not.

I think I would honestly prefer a postal money order so that there wouldn't be a chargeback or fraud possibility with paypal.

Money Orders have been linked to more fraud than PayPal so be careful.

Bill

 

[ClarabelleCowFan]

Money Orders have been linked to more fraud than PayPal so be careful.

Bill

That's why the postal money orders are the safest. You can actually cash them at any post office so you know immediately if it is valid.

 

[palhockeymomof2]

That's why the postal money orders are the safest. You can actually cash them at any post office so you know immediately if it is valid.

Agree that was the only kind I would take a few years ago when I was selling some stuff on ebay