Paypal seling advice

[JP]

Someone has offered to buy an item of me for £700. Wants to pay by paypal as he has the money in the paypal account but wants to collect today.

I've checked their ebay account and their recent sales and the amount they sold covers what they wish to outlay. Providing I take a signature on collection and proof of their address to cover myself is there anything else I should be wary of?

Cheers JP

[prj]

They can randomly dispute the payment on paypal and you won't be able to really do anything about it.
If they are going to collect, ask them for the money in cash.

If that's not an option, let them pay you, then immediately withdraw the money from paypal, and only ship the part once the money is in your bank account.
EVEN THEN, they can still dispute the transaction, you'll get negative balance on paypal and won't be able to use it ever again.

I am not saying this /will/ happen, but this /can/ happen.

[SEGER]

They can randomly dispute the payment on paypal and you won't be able to really do anything about it.
If they are going to collect, ask them for the money in cash.

If that's not an option, let them pay you, then immediately withdraw the money from paypal, and only ship the part once the money is in your bank account.
EVEN THEN, they can still dispute the transaction, you'll get negative balance on paypal and won't be able to use it ever again.

I am not saying this /will/ happen, but this /can/ happen.

[driftin jo]

You have to wonder why someone would want to pay you via paypal as you cant transfer money for free any more , in the good old days you could send as a gift and you did not get charged but now you have to pay a fee. As this is £700 that is going to be a lot.
He could just transfer the money to his bank account and draw the cash out as he is collecting anyway .
If he is going to pay you via paypal then insist that he sends money as a gift , that way you get your money and he cannot dispute anything to try and get his money back later.

[avants2turbo]

As an addition to everything above, if he pays you normally youll be charged a fee, if he pays as a gift he will be charged a fee, but paypal offer zero protection to monies payed or received as a gift, i bought a vw boro from egay before xmas, cat d, light damage, private reg plate etc. Paid for it as a gift on paypal, spoke to the dvla turned out to be cat c, private reg ha already been transfered to another car by the real owner. So spoke to the seller, he agreed to refund it, a week later still nothing, some bs about it not having cleard to his account, so i spoke to ebay no help at all! Then paypal, they simply said we do not offer protection on any monies not sent as payment for goods or service. So currently speaking to the police with a view to small claims court, just be very careful the ebay user i bought the car from has excellent feedback and 100% score!

[JP]

I mentioned in the initial conversation re rating cash. It is apparently more to do with the fact he wants them today and doesn't want to wait for the transfer.


My plan was to tell him to send as a gift. Sign a piece of paper happy that product is as described and get him to bring proof of address that has to match paypal one. I'm only contemplating it as been advertising the good for 3 mnths and need the space in the house as the missus is on my case daily.

[avants2turbo]

Infact driftin jo is right! As long as he pays as a gift he cant get the money back regardless!

[s2_wot]

Nothing leaves my place without cash in hand or cleared payment in the bank anymore. So if you get money into your paypal as a gift then it can't be disputed, really that's as good as you can get.

It would be worth finding out what the cost will be to you to take the £700 from paypal to your own bank account. You could find yourself giving away a pretty hefty discount in the form of paypal charges.

So lets say your price is £700 cash in hand, if it's a paypal payment you want £700 + charges via gift into your paypal account.

[JP]

Paypal transfer for free to my account so no charges there. Looks like gift is the route to take, I send a gift to my brother over Xmas and there is no option to retrieve it. So I'm going to risk it.


Thank-you for all your advice.

[avants2turbo]

You dont get charged to remove money to an account only incoming

[s2_wot]

You dont get charged to remove money to an account only incoming

My mistake, I've never taken money back from my paypal, there's always something else to buy

[URquattroGus]

I've haqd it where Paypoal put money that had been paid to my account on "hold" or "recall" by the buyer thanks to an ebay dispute. Dispute was fair though, as the couriers completely wrecked the item.

[sjw185]

Nothing leaves my place without cash in hand or cleared payment in the bank anymore. So if you get money into your paypal as a gift then it can't be disputed, really that's as good as you can get.

You could ask him to get a cash advance on his credit card from the bank to pay you and he can clear his credit card account when he gets his paypal sorted.
End of the day you just want money for your item. cash juggling is the buyers problem.

cheers

Steve

[Le S2 Audi]

Someone has offered to buy an item of me for £700. Wants to pay by paypal as he has the money in the paypal account but wants to collect today.

I've checked their ebay account and their recent sales and the amount they sold covers what they wish to outlay. Providing I take a signature on collection and proof of their address to cover myself is there anything else I should be wary of?

Cheers JP

If the guy has the money in his paypal account the transfer to him and you is Free if its "A Gift"...

Only take it as a "Gift" so he can't dispute the item later...

As for you getting a signature this will count for nothing as Paypal will only take proof of delivery by an "online tracking method" with proof of signature ONLINE!!! (Fecking Mental...) Proof of posting means nothing either!!

Transfer to your account is Free...

Nothing to worry about as long as it's a "GIFT" as Paypal can't won't help him or you - IF he disputes it....

I have done this many a time and never had an issue... Just use your nouce and be fair... You have to have a little trust at times...

HTH

[Ducky]

I took a Paypal gift payment recently (ironically to save the customer money too) where a customer paid for some work done via Paypal, then a day or so later Paypal put a 'hold' on the amount (£1000) and waited for the customer to respond, of course I didn't hear anything and Paypal reversed the payment leaving me £1000 short! Currently looking to report it as theft to the police and hope they can trace the customer etc.

I wasn't aware until now that Paypal would 'hold' tranactions, I guess the amount involved it what triggered it....could be an expensive lesson for me!