For ebay, for obvious reasons, it's always been standard to pay when you win an auction or order a BIN item. Only after you pay does the seller then ship you the item. This has always been fine. However, I was doing a little ebay shopping and happen to see this option on the paypal checkout screen:
Pay After It Ships
PayPal pays the seller immediately but doesn't deduct the funds from your account until 14 days later. We'll even send you a reminder email 4 days before we deduct anything so there are no surprises.
There's no cost to you. And because the money is deducted from your bank account, there's no credit check and no credit card fees.
Most items are received within 14 days. If you don't receive an item within 14 days of ordering it, don't worry! When you pay with PayPal, your purchases are still covered by PayPal Purchase Protection, so you have our standard 45-day protection.
To have Pay After Delivery as an option for your future purchases just go back and click YES.
Terms and Conditions for Pay After Delivery Extended Coverage
The Pay After Delivery ("PAD") payment option allows qualifying buyers to purchase eligible items and wait up to 14 days to pay for them. The PAD payment option is only available for eligible purchases under $10,000.00 and is not available to all buyers. In order to use PAD, qualifying buyers must have a valid checking or other qualifying account at a bank which is linked to their PayPal account and identified as their primary bank account from which funding transfers may be withdrawn; if there is no valid linked bank account then PAD will not be available, even if the qualifying buyer has used PAD before. Where a buyer and item purchased are eligible for PAD, which shall be determined in PayPal's sole discretion, buyer may choose the PAD payment option at the time of purchase. Although PayPal will not impose a fee for a buyer's use of PAD, it is possible a third party, such as the financial institution holding the primary bank account, may impose a fee in connection with the payment or purchase, in addition to the amount of the transaction.
If buyer selects PAD as the payment method:
- The entire transaction amount will be funded from the buyer's primary bank account linked to buyer's PayPal account, even if the buyer has a balance in their PayPal account, except where there are insufficient available funds in the primary bank account. Buyer authorizes PayPal to submit the debit to buyer's primary bank account for the amount of the transaction, and resubmit it again if the initial debit is rejected or insufficient. In the event there are insufficient available funds in buyer's primary bank account, buyer authorizes PayPal to fund the remaining amount of the transaction from any of the following sources: buyer's PayPal account, credit card, or debit card. For each payment using PAD, buyer authorizes PayPal to debit the primary bank account for the full amount of the payment 14 days after the transaction date, or sooner in accordance with buyer's instructions. PayPal will send buyer by email a reminder before the scheduled debit.
- Where buyer has qualified for and initiated a PAD transaction, PAD will be identified as buyer's preferred payment method for future eligible transactions; however, buyer may change their preferred payment method at any time for future transactions. Buyer will still need to select the PAD payment option for each qualifying payment at the time of the transaction. Buyer may select a different payment method for future transactions and change their payment method at the time the buyer makes the payment.
- Buyer's PayPal Purchase Protection rights described in Section 13 of the User Agreement will apply to a purchase using a PAD payment option, except a buyer using PAD must file a dispute within 45 days from the date of the purchase. If buyer has a problem with their purchase buyer must follow the procedures described in Section 13 of the PayPal User Agreement. If buyer files a dispute within 14 days of making the purchase with PAD, PayPal will debit the primary bank account after the resolution process is complete and only if buyer loses. Buyer authorizes PayPal to debit their primary bank account for the full amount of the payment if buyer loses a PayPal Buyer Protection claim.
PayPal has the right, at any time and in its sole discretion, to terminate, cancel, suspend or modify the PAD payment option, qualifications or eligibility for PAD, or any buyer's ability to use PAD.
It's not exactly the same as being charged directly when the item ships, but it is the closest ebay has to offer. Also, this option is only available for linked bank accounts, not linked credit/debit card or paypal credit. Still, it certainly looks handy. This is my first time using this option so if it ends up a pain in the ass i'll be sure to let everyone know. For now though, i'd thought i'd pass this info along.