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IMPORTANT NOTICE!!! PAYPAL TOS UPDATE! PLEASE READ
10 years ago
General
EVERYONE needs to start using Invoices. This is very important.
Paypal has recently updated their TOS and it's something that everyone should pay attention to.
"10.3h If you violate the PayPal Acceptable Use Policy, … you will be liable to PayPal for the amount of PayPal’s damages caused by your violation … You acknowledge and agree that $2,500.00 USD per violation … is presently a reasonable minimum estimate of PayPal’s actual damages … PayPal may deduct such damages directly from any existing Balance in the offending Account or any other Account you control."
DO NOT SEND PAYMENTS AS "GIFTS" You will be risking your commissioners account and that is really really bad.
Artists, REQUEST PAYMENT THROUGH INVOICES. It lets YOU control how money is sent.
Commissioners, DO NOT SEND PAYMENT unless you send it through "for goods and services." If your artist requests 'send as gifts' BEFORE you send payment, tell them about the $2,500 fine per violation, as they probably do not know about it.
Yes, paypal fees suck, but it's better to have a few dollars missing than to get fined $2,500 for a $20 purchase.
Go here for more information
https://www.paypal.com/ca/webapps/m.....agreement-full
Paypal has recently updated their TOS and it's something that everyone should pay attention to.
"10.3h If you violate the PayPal Acceptable Use Policy, … you will be liable to PayPal for the amount of PayPal’s damages caused by your violation … You acknowledge and agree that $2,500.00 USD per violation … is presently a reasonable minimum estimate of PayPal’s actual damages … PayPal may deduct such damages directly from any existing Balance in the offending Account or any other Account you control."
DO NOT SEND PAYMENTS AS "GIFTS" You will be risking your commissioners account and that is really really bad.
Artists, REQUEST PAYMENT THROUGH INVOICES. It lets YOU control how money is sent.
Commissioners, DO NOT SEND PAYMENT unless you send it through "for goods and services." If your artist requests 'send as gifts' BEFORE you send payment, tell them about the $2,500 fine per violation, as they probably do not know about it.
Yes, paypal fees suck, but it's better to have a few dollars missing than to get fined $2,500 for a $20 purchase.
Go here for more information
https://www.paypal.com/ca/webapps/m.....agreement-full
mondeis
~mondeis
The invoice thing is a great idea, I was wondering how I could ensure I'd be safe from commissioners paying through gifts. Thanks for bringing that up ^^ (I have used invoices before but not often so I think I'll completely switch to using invoices now).
MysticTheFox
~mysticthefox
OP
No problem! Now i just have to figure out how to use invoices..
Spazy
~spazywolf
Thanks for letting me know, I didn't even know Paypal changed their policies..I'll be sure to have my commissioners send money through Goods/Services rather than the latter. ;p
RexCanis
~rexcanis
That has been a policy for quite a while, they are just adding a large fine to it now.
Spazy
~spazywolf
OH well oops xD never even knew.
