Feelings about accepting PayPal for vehicle

[Firesong]

I have a potential buyer in the USA and have mixed feelings about accepting PayPal for it

Thoughts?

[drrod]

I would only transfer ownership of the vehicle after you had the funds out of your paypal account and into your hands.
Too many stories about buyers initiating disputes in PP after receiving goods; PP withholding funds from the seller; seller ends up with no money and no goods.
Also, what are the PP fees for this and who pays them?

Why not just have the buyer send you a bank draft? But again, no transferring of ownership until you have the actual cash in hand.

Rod

[del400]

Never do it. It's a scam 99% of the time. They can give you a deposit that way and even then the link is usually fake which prompts you to put in your email and password to confirm payment only to be fake at the end. Then the person who sent you the link now has all your info. Even if its only for a minute that you reqlize that the link was fake they will change your password and extract all your info in minutes. If they really want it. They can come and get it. Always.

If its too good to be true, it is. Good luck

Alex

[Shaun Van Ramen]

Cash or Cert. check before anything leaves my hands!!!!

[yojimbo]

I bought my delica with paypal, but I am not a scammer. HTH.

[CREGAN]

I have sold alot of vehicles and I would never do it through PayPal. I only ever sell to someone in person with a bank draft in hand. I also write down their drivers license number (proof of ID) and the plate number of the vehicle they came in. Always do it in person.

Those PayPal scammers are really sneaky. I once opened an email and they got my password and info. Later that night my wife called me into the computer room prepared to chew me a new one because I bought something for $2500 off ebay (which I did not). Turned out the scammers bought a few Iphones off ebay on my dime. PayPal did sort it out for me but I poo'ed a litle while it was going on.

Craig

[nxski]

I'm not sure what the link in question would be. Just tell them who to send the money to, check your PayPal account to make sure the funds are in it, then transfer the ownership and make copies so if the buyer tells PayPal they didn't receive the product, you just show them that it was transferred.

[yojimbo]

Those PayPal scammers are really sneaky. I once opened an email and they got my password and info. Later that night my wife called me into the computer room prepared to chew me a new one because I bought something for $2500 off ebay (which I did not). Turned out the scammers bought a few Iphones off ebay on my dime. PayPal did sort it out for me but I poo'ed a litle while it was going on.

Craig

These kind of scams are just the way the internet is, if in doubt, dont open anything from emails, go to the site itself and log in your self, phishing scams like this are not just restricted to paypal.

[Firesong]

This guy is saying he will wait the 3 months for it to clear the no-refund period
paypal has. So maybe he's legit. He's in Georgia USA.
<sigh>

lol

James

[CREGAN]

If he really wants it and he is for real- he will come and get it. Just my line of thought.

Craig

[FalcoColumbarius]

If he really wants it and he is for real- he will come and get it. Just my line of thought.

Craig

Beats singing "Georgia's On My Mind" for the next three months.
Falco.

[macro]

I poo'ed a litle while it was going on.

Craig

Hahahaha

[glenn]

Why don't you do a interac e transfer? Instant - account to account. The fee is way lower.

Personally - I use paypal all the time for my business. I do about $60 000 and year with paypal and I have never, ever had any problems at all. The largest payments I receive are about $2500.

If you interact a little with the guy - be smart and go with your gut. In your case, if the guy is willing for the money to sit in your account for three months - what do you have to loose?

Have you had any other bites?

[nxski]

Why don't you do a interac e transfer? Instant - account to account. The fee is way lower.

Personally - I use paypal all the time for my business. I do about $60 000 and year with paypal and I have never, ever had any problems at all. The largest payments I receive are about $2500.

If you interact a little with the guy - be smart and go with your gut. In your case, if the guy is willing for the money to sit in your account for three months - what do you have to loose?

Have you had any other bites?

Another good point, email money transfers are a great way to go. I paid for an inspection on a van I almost bought this way.

[drrod]

I am not certain, but I think Interac email transfer only works within Canada. ie. Cannot send funds from US bank to Canada.
Rod