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Wasn't sure if anyone has heard about this. I was asked to take a survey from paypal and most of the questions revovled around this concept. I'm surprised to hear they would front the money to the seller.
PayPal "Concept H" What: When you shop online using PayPal and "Concept H" you don't pay unless you are completely satisfied with your purchase. "Concept H" is available for purchases funded by your bank account on file with PayPal. How it works: Step 1: Shop online and checkout with PayPal using your bank account on file. Step 2: PayPal will pay the seller on your behalf so the seller can ship the item to you immediately. The money will not be debited from your bank account until you've confirmed receipt of the item. Step 3: Two weeks from the purchase date, PayPal will send you an email to approve payment. * If you've received the item and are completely satisfied with it, simply reply back to the email with your approval. The money will then be debited from your bank account. If you haven't received the item or are not completely satisfied with it then simply reply back to the email with your reason for not approving payment. PayPal will contact the seller on your behalf to resolve the issue. Money will not be debited from your bank account unless you are satisfied with your purchase. Benefits: • 100% Guaranteed satisfaction with your purchase, even if you change your mind a return the item you purchased • Complete control - You decide if you should pay • Risk-free shopping - Be confident shopping online • Convenience - Your money never leaves your account if you're not satisfied • Hassle Free Claims - simply respond to our email, no questions asked Use the PayPal "Concept H" and be guarantee satisfaction with your purchases! Program Terms and Limits: "Concept H" is a premier feature that is offered to eligible customers on eligible purchases made using your bank account that is on file with PayPal. Item must be returned in the same condition as received. PayPal will not reimburse you for the return shipping costs that you incur to return an item to the seller or other party PayPal specifies. *PayPal will send you three emails asking for approval for payment. If you don't reply to any of the emails, then PayPal will debit your bank account after the third email. If there are insufficient funds in your bank account, PayPal will not assess any late fees and will attempt to debit the amount from your bank account again in 3 days. If there are still insufficient funds in your bank account, then PayPal will debit the amount from the credit card you have on file as the back-up funding source. There's no limit to the number of transactions you can use with "Concept H"; however, your total outstanding "Concept H" balance at any one time is limited to $10,000. In order to take advantage of this offering, you need to have your bank account added as one of your payment sources. Eligibility will be based on 3 criteria: • PayPal account has to be in good standing. • Eligible purchases are tangible, shippable items that are purchased with a single payment. Digital or electronic downloads, subscriptions, and items purchased with multiple payments - like a deposit followed by a final payment - are not eligible. • You don't have more than $10,000 pending or not approved for payment with PayPal "Concept H" |
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