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From their TOS[1]: > Payment: As a buyer, your credit card is charged immediately when an auction ends for the full offer amount. > Item acceptance: Once both
by fludlight 13y ago
From their TOS[1]:
> Payment: As a buyer, your credit card is charged immediately when an auction ends for the full offer amount.
> Item acceptance: Once both parties agree that the sale is complete, the seller may request payment from FOBO, prompting confirmation from the buyer that the item has been received and accepted, as-is. Buyers must inspect the condition of the item and ONLY accept the item if it is as described in the item listing. Once an item has been accepted, the item may not be returned to the seller and is not eligible for refund.
> If an item has already been accepted, only with the seller's express consent will a refund be granted.
[1] https://sites.google.com/a/getyardsale.com/fobo-terms/ https://sites.google.com/a/getyardsale.com/fobo-terms/
- eli 13y agoThat's a good goal, but real life payments aren't quite that simple. Witness: > FOBO reserves the right to recoup funds associated with Buyer chargebacks in accordance with Section 5 of this Agreement. https://sites.google.com/a/getyardsale.com/fobo-terms/payments-policy https://sites.google.com/a/getyardsale.com/fobo-terms/paymen...
- toomuchtodo 13y agoThey should really be using ACH or debit transactions, to reduce the risk of chargebacks.
- clarkm 13y agoOr Bitcoin, to remove them completely! I'm kidding, mostly, but "no chargebacks, ever!" is often touted as an advantage.
- toomuchtodo 13y agoSeriously though, they should offer Bitcoin as a payment method if the seller has indicated they will accept payment in that format.
- CamperBob2 13y agoOr someone could start up a Bitcoin-specific FOBO-like service. It's not exactly rocket surgery. I'd be very likely to use it.
- encoderer 13y agoYou can reverse an ACH. A wire, a wire is readonly. But an ACH can be reversed. That said, if they did that it would certainly suppress the number of buyers. As is, I would only buy on a site like that because I know I'm ultimately protected on all returns by American Express. Hell, it's nothing personal, i feel the same way about shopping at a Department store or Amazon.com or whatever. My Amex lets me return anything (up to a $$ amount) for 90 days regardless of whatever anti-consumer BS return policy the store might dream up.