Paypal Warning!
#1
I'm not sure if this was posted here, but paypal users may want to check this out.
http://www.paypalwarning.com/
http://www.paypalwarning.com/
#10
Registered
Joined: May 2002
Posts: 1,014
Likes: 0
From: Tampabay Florida
Just sold a Z3 BMW on Ebay for $12500-00, no problem ....Buyer uses Paypal, everything seems cool. I check my account and Paypal states the $12500 is in account. I meet buyer at the airport & sign over the Title , get back to my office 4 hours later to recieve an e-mail from Paypal stating the funds have neen withdrawn, buyers credit card co. did a turn around and cancelled the credit of $12500-00...Payapl just electronically yanks the money out of my account. Now I'm in the middle of an investigation, no car & $12500 poorer. Don't trust Paypal, extremely difficult to deal with. They charge a huge commisssion for sub-standard service. The buyer is working on getting finance, my car is in New England & I am in Florida
What did I learn, release the goods when you have the cash in hand.
John
What did I learn, release the goods when you have the cash in hand.
John




