Paypal
 

I have a vehicle that a guy wants to buy, and he wants to do the transaction thru paypal. Is there any down side to using paypal for this? I know it's suppose to be really safe..... but I thought I've heard of stories that there have been issues using paypal.
Thanks,
Dean

Dean your best bet is deposit thru paypal for a couple hundred bucks and the deal in Ca$h ,bank wire, cashiers check , you can get screwed thru P@ypal if the buyer files a dispute after he gets it home they will lock up the $$$ /account or pull it out of your bank account if you have them linked ... a bank wire only takes a few hours after the buyer likes what they see and pull the $$ out of the bank wire acct as soon as it lands .. its safe if your the Buyer if your the seller b carefull ...do a search i believe Ebay ed got screwed on sumtin like your thinkin about doing



ROCK ON !!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:

RHR,
Thanks for the info, and that's kinda what I was remembering. I agree wire x-fer is the way to go.
Thanks,
Dean

Dean,i Wont Take Cashiers Check Anymore,to Many Fake Ones That Look Real,like Rhr Said,wire Trans Is The Best,except For Cash,the Only Thing To Worry About With Cash Is Counterfit Bills.

If he's got the money in a Paypal account, he's got the money in a checking account somewhere.

Depending on the amounts involved, I'd go with RHR's recommendation for a deposit to show intent. When he's ready for delivery, I like doing it at THEIR bank, and they pull the money directly out of an account and the cash comes out of the teller's hands.

The seller may end up sending you an eBay or PayPal like link that LOOKS like the real thing, but it's a REALLY good fake, and they scrape your login info to steal your moolah.

FWIW, one of the best things you can do to protect yourself is link your PayPal to a CC/checking account that is NOT linked to anything else. Keep about $100 bucks in that account. When you want to buy something, add money to it. When you recieve money, pull that money out of the account as soon as it cleared.

I am also a huge fan of this for PayPal and other accounts security:

http://vipmobile.verisign.com/learnmore.v
VeriSign is now owned by Symantec/Norton.

You have a 6 digit random code (token) generated on your smartphone, that you need to enter in AFTER your username/password at sites like PayPal and others. Unless someone gets your username, passcode, clunks you over the head and steals your smartphone, AND gets the password to your smartphone; they are not getting into your PayPal account.

RHR has it right for sure............. An interesting thing about PayPal. I have several times gotten emails claiming to be PayPal saying my account has been put on hold or suspended and they need my account details, password, etc.

Everyone should watch out for this kind of email because its bogus and in every case some theif was trying to get my info to robb me. The only time you should take a PayPal email seriously is if its addressed to you using your full name. If it is addressed to anything other than that forward it to PayPal frauddepartment and delete it.

I have received several of those as well. Paypal will NEVER ask you for your login info through email. If it's asking for that, then it's a fake.
Eddie

I would not take PayPal for anything except a deposit, and then at that, have them give it to you as a "gift" as there is no recourse to it. When stuff changes hands, I like to have a stack of dead presidents.

I have bought many things on here and other places where I have UPS'ed or FedEx'ed cash.

Do a google search on PayPal ripoffs and I think that you will be shocked.

Thanks guys, I've already sent the NO to Paypal approach to the buyer, offered him to come look at in person, or send a rep for him. Another signal that something is wrong, he didn't even ask about the title!?
Thanks,
Dean

Once pay pal has deposited the money into your account its yours, ITS SAFE. In case your scared call PayPal and verify. Only thing is I think paypall will keep a fee off of that. I use pay pall and its fine, are there scams yes. But when it comes to money going into your account, its YOURS once its in there.

Not saying I dont like cash or cashiers check better. But it is a technique.

I agree...wire transfer or cash in person.

Also, depending on what type of Paypal account you have, you may be subject to fees. I made the mistake years ago of setting up a "business" Paypal account, so I get hit with charges.

Cashiers check anymore are no better than personal checks. Plus, even if they are real, the banks have been holding them for 7 days.

i walk the cashiers check into the bank with the other party and let my Banker verify the check and source , the CA$H same difference :coolcowboy:





ROCK ON !!!!!!!!!!!!!!!!!!!
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!

i dont get checks held for 7 days but if i did i would keep the item till alls good , and add any paypal fees on to the deal :drink:




ROCK ON !!!!!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:

How are they not, the money directly pulled and set against that cashiers check? Banks rarely hold anything for 7 days anymore anyways.

Theres paranoid people out there because of all that happens but really you got people saying you cant trust cash because of counterfits, cant trust cashiers check. what do you suppose we use, chickens or wapum.

Here's the email I got from this guy this morning:

"Hi there, Thank you for getting back to me.Can you assure me that the
vehicle is in good state and that i will not be disappointed with it
and I'm ready to pay your asking price.To be honest, i wanted to buy
this for my father as a surprise birthday gift,he has being there for
me and doesn,t deserve something less but the issue is I'm a marine
contractor and i just got a contract which i am doing presently and
The contract is strictly no call, due to the lack of reception on the
sea area,,But I'm able to access email anytime as we will make use of
laptop so my only quickest payment option is PayPal as i can send
money via PayPal anytime.Moreso i choose paypal for this transaction
cause i want to avoid the scams going down on the internet this
days,and want the both party to be on a safe side cause paypal
security measure is unbeatable.Since I'm requesting this transaction
to be done via PayPal, i will be responsible for all the pay pal
fee/charges on this transaction and if you don't have an account with
paypal, its pretty easy, safe and secured to open one. Just log on to
www.paypal.com. I hope we can make the purchase as fast as possible? I
have a mover that will come for it once payment clears and they will
be handling the title for me.So i look forward to hear from you soon."

RUN Dean RUN !!!!!!
as soon as you asK for the phone # to talk on the phone they will disappear :eek:may as well play a loooong with him for funn , tell him you are having it detailed 2morrow and a BIG red bow put on it for his pops for X mas




ROCK ON !!!!!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:

that is a scam 100% i get those emails all the time when i have stuff for sale on craigslist but is is a scam:eek:

scam

RHR,
I sent him this email this morning:

Jose,
Yes I can assure you that the van is in great condition. However, I do not feel comfortable doing the deal through PayPal. I always do business in person. If you have someone who can act on your behalf come look at the van, test drive it, etc., we can do the deal that way with a cashier's check or cash.
Thanks for your interest.
Dean

run
 

May as well play a loooong with him for funn thats funny i have done that to. runninghotracing that fun some times but i did it once and the f**ker tried to hack my computer and yahoo locked my account but im glad they did so that ass didn't get any info, just be careful.

I like em better dean when they throw in a couple extra $$$ thousand and want you to Western Union the $$$$ back to them :lolhit:
good luck on your Sale :drink:




ROCK ON !!!!!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:

I've gotten those emails from selling in the classifieds here.

my Gosh the name JOSE should of been a red flag :eek::lolhit:
be interesting to see his reply he will move onto his next 100 victims and try to score :angry-smiley-038:


ROCK ON !!!!!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:

RHR,
Jose did send up my radar, and my 1st email back to "Jose" was "Here is my cell # xxx-xxx-xxxx, give me a call so we can discuss this transaction" Never got the ph. call:eek:

That's exactly what I said when the bank told me they were gonna hold it for 7 days. I'm also with a Credit Union so they follow slightly different rules.

Either way, cash or wire is all I will do anymore. Too much a pia any other way. Hell, most smart phones these days can do instant transfers from one account to another.

Not true, it can get suspended.

Theres many threads like this one. Paypal does very little for disputes on buyer or sellers end. either way it will be a long time consuming process.

I was a buyer and got porked for $2g . Never saw a dime after countless emails and hrs on the phone. Police reports etc....

Paypal blows!!!!

cash and carry!!!!!!

Paypal is like door locks!!!! It keeps the honest, honest!!!

its YOURS once its in there :eek::bsflag:


apparently you dont know P@ypal very well ;and if the buyer/purchaser pays with CC your double fvcked . remember P@ypal offers BUYERS protection plan get it BUYERS PROTECTION PLAN :lolhit:



a. you can't get your $$$ same day anyway its usually 3 day wait & thats if there on there toes
b. some one can get a flat tire on the way home with a used car purchase and do a paypal claim and your funds & sometimes entire accounts are locked down .. and no phone #s for paypal or office address so its all handled thru emails :angry-smiley-038:


carry on !!!!!! teach me something BIG Boy

+1 to RHR

Be careful.

You are dead WRONG. Paypal can and will retract the funds if the buyer files a complaint. If you have already done a transfer of the funds, paypal can actually cancel the transfer. When you transfer funds from Paypal it takes upwards of 3 days for that transfer to pass through the treasury. During this time paypal can cancel the transfer if a buyer files a complaint. If you are able to sucessfully transfer the funds, then the buyer files the complaint they will place a hold on the account, once any money hits your paypal acount it will be held. I believe they can even pull the funds back if you have a bank account on file (this hasn't happened to me becasue I maintain a balance to issue refunds from).

As an Internet retailer that accepts paypal I have to deal with this every so often. . Paypal will charge a fee so a big transaction will hurt.

As much as I hate Paypal, I am forced to use it as I loose sales if I don't

I sell 20 plus cars a month with eBay and will not take PayPal.

Only accept wire, cash, Cashiers check or financing. No Paypal not even for deposits.

I don't know if anyone's said this, but one thing about PayPal I don't love is the transaction fee. I think it's a bit high for what's actually being done.

I had the same story on the sale of my boat. I could not get a phone # out of the person and I told them they could shove it where the sun dont shine!!

don't be a cheapskate its a very small price to pay for the convience of completing a transaction in seconds so it can move on to shipping ,and not have to Jack with post office money orders,mailing ca$h,envelopes,stamps, and the rest of the crap that goes with it ... :eek:




ROCK ON !!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!:drink:

I'm done with paypal. And while they cannot reach into your account even if it's linked, they will refund the amount to the buyer if they basically dispute anything and put a lien against your account. Then collections etc etc. I've dealt with this before and all the buyer has to do is show proof of a return slip or refusing the item. They can send back an empty box for crying out loud. Stay away from paypal in general unless you're using it to buy something small, never accept payment for something you're selling though. Just speaking from experience.

for small items its a lifesaver and also helps to know who your dealing with , on ebay feedback will tell you alot and if they have 5 star rating there good as GOLD :eek::drink:




ROCK ON !!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!:drink:

thats my question if you run a business or want to sell something to somebody far away is there really any other method?

I would think paypal should insure the funds when they are deposited. Again really no good way to do anything without disadvantaging the seller or the buyer

DUH :eek: BANK WIRE !!!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:


you can only imagine the amount of claims opened up and put thru paypal but they should come up with a better arbitration system :angry-smiley-038:




ROCK ON !!!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!!!!:drink:
HAPPY HOLIDAYS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:bo at:

I guess but then you run into hey dude I wired money where is my boat and vice versa, I guess pay pal would at least have somewhat of a document trail. IDK i guess cross state buying is always a tough one.

have bought and sold collector cars,heavy equiptment,boats, overseas and never had any problem using Bank wires for the buying or the selling end of the deals . have flown to look at a piece ,made the deal ,phoned home for a bank wire, and within a few hours $$$ was there ,piece was loaded on a semi and headed back for the plane ride home .. choose who you have dealings with wisely :drink:




ROCK ON !!!!!!!!!!!!!!!!!!!:coolcowboy:
ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!:coolcowboy:
HAPPY HOLIDAYS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!:bigbird: