Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Monday, February 1, 2010

I will NEVER us PayPal again!

I had the worst day today.

I sold some LolliDoo seconds on EBay last week. I patiently waited for the money to clear so that I could transfer it into my business account.

I looked at my account balance today and it was over $700. I quickly transferred $650 into my business PayPal account to pay for the shipping of the diapers we sold.

Fast forward to this afternoon. I looked at my regular bank balance and it was over $200 in the hole. Why? Because PayPal took out $707.86 from my personal bank account.

So I called PayPal and asked them:

Why was I charged $57.86 in bank fees?

Why did you take the money from my personal bank and not my PayPal account as indicated?

Please reverse it.

I got a whole lot of smoke blown up my rear and NO answers. I was nice, I begged, I cried and finally I screamed but they refused to reverse the transfer.

UGH! I am NEVER using PayPal again. I urge you to do the same. I was looking online for solutions and I came across this site:

http://www.aboutpaypal.org/ and this one http://www.paypalwarning.com/ and this one http://www.info-hog.com/paypal_ebay_sucks.php

Apparently I'm not the only one who's been screwed by PayPal.

They did offer me the solution of transferring the funds back from my business account into my personal PayPal account with the caveat that I pay the fees and wait 5 days for the money to clear.

SERIOUSLY!


I just logged on and it says:

Welcome, Alison Manes

Last log in February 1, 2010 3:38 PM PST

PayPal balance: $436.05 USD




However, they won't let me touch that money because even though it says I have money - according to my friendly PayPal rep - that means I WILL have money at some point.

My solution was to call my bank and appraise them of the situation. I still have to wait for the transaction to clear but once it does - I am reporting it as fraud.




Sorry about the rant folks but people need to be aware of this.

Wednesday, December 23, 2009

Diaper Economics

Without even touching on the obvious environmental and heath threats of disposable diapers: In this lovely recession I don't understand why anyone would waste money on disposable diapers.

Considering that an average pack of disposable diapers costs around $30 for a 40 count package. That fluctuate a bit depending on the size diaper you purchase.


Now just for the sake of arguing lets suppose you bought two dozen of the most expensive LolliDoo(TM) system. That would include Tye-Dye Fitted Innies(TM) paired with Recycled Outties(TM). Tye Dye Innies(TM) retail for $60 each and Recycled Outties(TM) are $28-$30 depending if they are Classic or Overnight.

According to disposablediaper.net - babies go through an average of 9 diapers a day. We all know that babies should be changed more often then that but for statistical purposes I'll use that figure. I am also going to use 2.5 years as an average time that a baby spends in diapers. This doesn't include "pull-ups" or the likes.

An average family will spend .75 a disposable diaper which costs approximately $6.75 per day. Annually a family will spend somewhere near $2464 and in two and a half years this family will have spent over $6000 on a disposable product.

Now lets go back to the premium LolliDoo(TM) line. Two dozen (approximately two days worth) Tye Dye Fitted Innies(TM) will run you $1440 and lets say that you buy 18 Classic Recycled Outties(TM) and 6 Overnight Recycled Outties totaling $684.



Lets compare the eco-pockets(TM) as well while we are at it, using the same quantities. So 18 Classic eco-pockets(TM) and 6 Overnight eco-pockets(TM) will cost $876.

As LolliDoo(TM) diapers are ALL one-size, there is no need to continually restock AND they can be passed down from child to child.

As you can see from my calculations above, even using the most expensive LolliDoo(TM) system saves the consumer upwards of $4000 in a baby's lifetime.