Why oh why doesn't everyone use paypal masspay?


Every day sellers lose out on chargebacks. Paypal won't cover a seller if the buyer pays by a regular paypal payment and then decides to cancel the payment via their credit card company. I know of people who have lost literally $10000s. Paypal considers domain names to be "intangible goods" and therefore not suitable for refunds, go figure ! In other words they don't want to do the "right thing" and clean their system up !!.

Well you can make sure your payment is legit. All you have to do is get your buyer to pay by masspay. Masspay is so easy to do and there is no chance of a seller incurring a chargeback as masspayments have to be made from a paypal balance and not a credit card.

OK The basics

Paypal masspayments (masspay) cost $1 to send. They must be made from a paypal balance. For example if the domain ccccc.com costs $100 the buyer must have a balance in paypal of $101.

$100 to pay for the domain and $1 to send a masspay.

All you have to do is.


1 ~ Create a masspay file. I use this site as do many others.
http://www.secondversion.com/my-scripts/paypal-masspay/

2 ~ Save the small file you have just made onto your pc. Best to use a name for the file that is relevant so you can upload it in step 5.

3 ~ Log into your Paypal.

4 ~ On your paypal account homepage scroll down bottom left and find masspay.

5 ~ Upload the file you saved earlier.

6 ~ Review the file (in case you made an error)

7 ~ Send the masspayment !


Hereth endeth the lesson ! Happy trading

Thanks for posting this. One important thing to note is another big advantage of using masspay is that the recipient doesn't incur paypal commission. Not sure off the top of my head but I think regular paypal payments have 3% or 4% charge.

Masspay doesn't have a paypal comm and is ~ as you said ~ a very secure way to receive payment.

excellent stuff, just what I was looking for and a great guide