First GL purchase and paypal question

[oddave715]

I made my first purchase on GL today, at least I think so. I got the green light when I bid and it never went above that amount. I see no invoice or amount to pay. I submitted my paypal info when I bid on the item tonight. But I don't have that much money in the account yet and I have no idea between buyer premium and taxes what to put in the account. What do I need to do? Do I just wait until they send a request for funds to paypal or do I need to have to have at least enough to cover the auction in the account before they try to take it? HELP PLEASE! Thanks

 

[R Racing]

Call then in the am and sort it out with them

 

[rchalmers3]

Relax and wait until tomorrow when they generate billing for all the auction items. Give them a call and sort out the payment with them on the phone.

Rick

 

[goldneagle]

The winning notification is sent after Midnight. You need to have the bid amount plus 10% and maybe another 8% to cover all the fees.

 

[oddave715]

On the paypal deal, do they just take the money or do they have to request it like other transactions I have had?

 

[fuzzytoaster]

On the paypal deal, do they just take the money or do they have to request it like other transactions I have had?

They take it, you pre-authorized the payment before placing a bid.

 

[MtnSnow]

Yep you pre-authorized the charge. Need to have the Bid amount +10% buyers premium + whatever State Sales tax is at the SELLING location = amount to have available for withdrawal.

 

[Artisan]

In your email you will see a BID CONFROMATION . If someone outbids
you, you will see an email that says YOU HAVE BEEN OUTBID. If you see
no YOU HAVE BEEN OUTBID emails you are probably the winner.

 

[oddave715]

So when do I have to have the money in, asap or anytime within the 3 days?

 

[oddave715]

Well so far so good. Invoice showed up and I won the auction.

 

[Castle Bravo]

Also, you're 3 hours ahead of AZ (Where GL is) so they may not try and take the money until around 11 AM or 12 PM tomorrow your time.

 

[MWMULES]

On the paypal deal, do they just take the money or do they have to request it like other transactions I have had?

They just take it, you authorized it when you bid unless you hit the CC button. Call them first thing as usually they charge your account around noon the day after the sale.

 

[MtnSnow]

Money needs to be in there NOW as they will try and process it today!

 

[oddave715]

This was a huge learning experience. Next time put the money in before you bid...

So last night I went out to get a moneypak and put the amount in my paypal account. Couldn't find the card at Walmart. I looked online and 7/11 had them. So I run over there. Cards won't load. Guy at check out says try a PayPal card, sure enough they have a card with paypal on it. Card has $500 per day limit. I needed to put $658 in PayPal. Great now what. By the way the paypal card worked. Its just barely after midnight by the time I get the paypal card loaded and transferred online into my account. In the midst of this I have locked my keys in the car and a nice lady went home and got me a coat hanger. At this point I have given up on getting the rest of the money into my Paypal account and go home. Today I did a little research and found out that coinstar kiosks can load cash directly to your paypal account. Did a search and I drive to the next town over and load some money up. Machine wouldn't take one of my twentys and I ended up tearing it in two trying to smooth it out. So I got everything loaded except for $10 and had to go wait inline to exchange the twenty. I loaded it up forgetting that at this point I only needed $10 in the account. Somewhere between the two Coinstar Kiosk cash loads Gov Liquidation hit my Paypal account and the extra $10 was withdrawn from my bank account. I now have an extra twenty in Paypal and the lot is paid for!!!!!

 

[Csm Davis]

Why didn't you just put the money in your bank account that paypal pulls from?

 

[oddave715]

I had no idea it would do that.

Why didn't you just put the money in your bank account that paypal pulls from?

 

[Csm Davis]

Okay first lesson in contracts read the fine print! That's why they wanted your banking information. But hey it's all good.

 

[KsM715]

That's why I don't use pay-pal. To easy for some scum scammer/ hacker to empty your personal bank account

 

[wdbtchr]

I dropped my paypal account for just that reason, I'm NOT going to link my bank account to paypal because I've seen too many problems. They told me I had reached the maximum $2ooo limit for using a credit card and I had to link it or close the account. Go figure!