Pay Pal

Hi, I am interesting in knowing how to add Pay Pal to my ad as an option for the renters to pay. Does anyone know how this is done? Thanks Dave

davidv110 wrote:

Hi, I am interesting in knowing how to add Pay Pal to my ad as an option for the renters to pay. Does anyone know how this is done? Thanks Dave

In my personal opinion, NO renter should EVER agree to pay for a rental via Paypal, since PayPal offers absolutely NO protection whatsoever to the person parting with their money in a non-tangibles transaction (and a rental IS just such a "non-tangibles" transaction). PayPal provides immediate funds to the recipient, but it provides NOTHING to the person actually parting with their money --- except an immediate "goodbye" to that money.

I'm not stating, suggesting or in any way implying that PayPal recipients are necessarily dishonest. I am merely pointing out that paying for a rental via PayPal provides absolutely no protection at all to the person doing the paying...

davidv110 wrote:

Hi, I am interesting in knowing how to add Pay Pal to my ad as an option for the renters to pay. Does anyone know how this is done? Thanks Dave

Go to HELP in the extreme right hand corner of this page and it will instruct you concerning asking questions to Redweek staff.

jayjay wrote:

davidv110 wrote:

Hi, I am interesting in knowing how to add Pay Pal to my ad as an option for the renters to pay. Does anyone know how this is done? Thanks Dave

Go to HELP in the extreme right hand corner of this page and it will instruct you concerning asking questions to Redweek staff.

They did not reply to me at all on this question.

davidv110 wrote:

jayjay wrote:

davidv110 wrote:

Hi, I am interesting in knowing how to add Pay Pal to my ad as an option for the renters to pay. Does anyone know how this is done? Thanks Dave

Go to HELP in the extreme right hand corner of this page and it will instruct you concerning asking questions to Redweek staff.

They did not reply to me at all on this question.

Hi Dave,

It looks like you have been working with Jamie on this issue.

The actual transaction is between you and the renter. We aren't affiliated with PayPal in any way so if you and a renter want to use PayPal you can add that information in the Details area of your posting or convey that option in your dealings with the renter after you have have had some contact with them.

Hope this clears things up better.

Thanks, Marty

Yes David. I have done so twice and quite successfully I may add. It will cost you a few dollars to do this through Paypal. Go to Paypal and open a premium account. Your renter can use a credit card or his or her Paypal account. I can only tell you how I did it. The renter sends a DEPOSIT to Paypal using only your Paypal account name; not in any way your password. You make the reservation in the person's name and when that person receives the reservation # in their own name they send Paypal the rest of the money. The reservation is usually in advance so if you don't receive the rest of the money you can cancel the reservation. (1) Person responds to my ad. (2) I respond to renter but first call to make sure their dates are available and reserve those dates in your own name. (3) Renter sends a deposit to your Paypal account. (4) You send renter a reservation # in THEIR name. (5) They send the rest of the deposit to your account. Paypal notified you each time any money is received and of course, gives you the receipt. Their may be an easier way such as having Paypal notice at the bottom of your ad but my Paypal account name and Redweek account name are totally different. Hope this helps.

My concern is as the renter using paypal. Once they have my money, can't the owner change/cancel my reservation without my knowledge? Can't they do the same thing to several people for the same week? It seems like a scary proposition for the renter. Is there ANY protection, either from my credit card company, or is the fact that I would usee the CC on paypal limit my options? I have used escrow in the past and LOVE the coordination/legal comfort that happens. Paypal seems convenient for the owner, but very risky for the renter.

It's always a good idea to use a contract when renting a timeshare signed by both owner and renter .... a contract spells out all the specifics needed .... you can find a rental contract by using the search forum feature here.

jenniferc169 wrote:

Paypal seems convenient for the owner, but very risky for the renter.

True --- and an astute observation. PayPal offers NO protection whatsoever in "non-tangibles" transactions, and rental is indeed just such a "non-tangibles" transaction. The only guaranty with PayPal is the immediate receipt of payment by the "landlord".

As already advised, a detailed written contract executed and signed by both parties BEFORE any money changes hands is the first, best step. It's far more important and significant "protection" than the particular chosen method of payment.

What do you suggest when renting? Something that will protect both parties..

kr96

kr96 wrote:

What do you suggest when renting? Something that will protect both parties.

1. First, a detailed, specific written rental agreement identifying (and signed by) by both parties involved is critically important. It should clearly identify dates, unit, cost, check-in / check-out times, payment schedule and refund policy (usually none) in the event of cancellation. It should also clearly notify the renter that the resort will still expect presentation of a credit card (in renter's name) for security deposit (no charge to the card if there is no damage caused to the unit).

2. Second, you should independently confirm directly with the resort that the person "renting" to you is indeed the actual owner. You don't want to get caught up in someone improperly renting out a week they obtained by "exchange" and which they don't even "own" in the first place. Both II and RCI have strict prohibitions against such rentals of "exchanges".

3. Once the above details are conclusively resolved, the actual method of payment becomes less important, as both parties are now protected at this point by a legally enforceable contract.

4. Finally, you can choose to pay $150 for an "escrow" service to handle all the money, but many owners don't want to get involved with escrow services, since they don't actually receive their funds until several weeks AFTER the rental is completed. Owners have to pay their maintenance fees IN ADVANCE, so most feel that rentals should be likewise.

Hope this helps.