Accepting Pay Pal payment?

[CaptLimey]

I have a guy offering to buy my T2 but wants to pay with Pay Pal direct. Has anybody experience of accepting Pal Pal payments when selling not having advertised on ebay? What are the implications? Any chance he could dispute the deal after payment? Any advice welcome.
Regards CL

[zippy656]

you can do, youll lose out with PAYPALS "cut" though.

[patbhoy]

I've never had a problem with paypal but add on a percentage to cover the fees.

[paulp]

be cautious because if he logs a dispute you could lose your money.
He will surely need to meet you to collect the vehicle.

I would not release the truck until all funds have cleared or you have hard cash

paulp

[macabethiel]

I think paypal is geared too far in favour of the buyer.

I sold an item on e-bay was paid through Paypal item posted (not recorded etc due to low value £20).

Purchaser said he had not received item and was refunded within a week. Some three months later the parcel was returned to me by Post Office as undelivered / uncollected.

Item was fragile and damaged !

Also beware there have been instances of peoples paypal account being hijacked so some weeks later you find out it is a stolen account. I would insist on cash.

[paulp]

I fully agree with Macabethiel

paulp

[tezzer]

dont accept pay pal for payment of vehicle, it could be a scam, he pay's you via pay pal and within 45 days all he has to do is list a dispute and pay pal will debit your account to the amount of transaction, he has the vehicle and you could lose your money, solution is, cash on collection, :thumb2

[CaptLimey]

Hi Guys and thanks for your advice. Pay Pal want 3.4% for the deal, the EU base limit for unrestricted fund transfer is 2500 Euros (below my price), unless I contact PP and raise my limit. They also charge 2.5% to transfer Euros to a Sterling bank account. Furthermore I understand that PP buyer/seller protection doesn't cover car deals. It's all looking a bit hookey as well as too difficult. Cash or cleared funds has to be the way to deal.
Regards CL

[clivvy]

agreed, any dispute at all you lose your money while they investigate, plus theres the fees...

[11redrex]

Why can't he pay cash ? If he wants to use his credit card to pay, tell him he can get the cash out on it. Should only cost him about 2.5% which is cheaper than the 3.4% he'd have to add on if he paid through paypal.
Plus all the other stuff.

[Darwin]

Just a scenario , he pays via paypal and picks the car up

then he puts a dispute in for non delivery

Its been done loads of times....

[Peasgood]

If you agree to paypal and insist he sends the money as a "gift", there is no way he can claim a dispute as it was a gift, and he gets to pay the fees too.
Maybe he wants to pay by paypal so he can have it on his credit card, nowt wrong with that, I have done the same myself.
Suggest the above as a possibility to him, if he refuses you will know it is a scam.

[patbhoy]

If you go along with Peasgood suggestion I dont think you can go wrong.
He obviously does not have the cash and wants to stick it on his credit card.

[Thomas-the-Terrano2]

interesting thread, can you see any issues other way round.

my pal is buying a motor on ebay,

seller suggested he pay by paypal, I thought why not, afterall
this guy might not want 7 grand in cash in his house in case
someone comes and nicks it, another scam if you like from a
dodgy buyer.

when we bought the troll from a dealer he prefered us to pay
by chip n pin, as did the caravan dealer, which in both cases
suited me as banks can be right twats when you try to take
several grand out at one go.

next thought my mate his happy to go from sheffield to
warrington to buy car, seller has now offered to bring it to him
should we smell a rat, thinking along lines of normal advise
not to meet at services etc.

i'm going to tell him that guy will need v5 etc and personal id,
suppose it seems too good to be true, but atleast the paypal
route will create a paper trail, do you think?

[makeitfit]

OR he'sx got pay pal credit fron selling something himself and hasnt got time to cash in and pay more fees.
Anyroad up just get cash even if you say to him to send you a paypal deposit while he moves his money about ;)

[(RIP) PLANK]

I havent read the other posts, but do i need to tell you that?:lol

anyway, i once met a man (i bought a van from him with cash) who sold his sons vw golf gti on ebay and accepted paypal payment. The buyer picked it up and had a good week thrashing it and kerbing the wheels.

then the police knocked on his door! the payapl cash was withdrawn!

the buyer ad been selling playstations, he hadn't got, on ebay and had accumulated quite a paypal stay in a short time, the bought a few exspensive things with it!

He got the car back but the whole episode cost him £700! ouch!!!

I would ask for cash, no cash no car, but that's just my opinion :thumb2

[The Patrolman]

If your buying an item on ebay, paying via paypal.
I think that's as much backup as you need!!
If you are sold a stolen/bodged vehicle ebay will persue the seller to the ends of the earth. You as a buyer are covered via paypal and they will freeze the payment to the seller till this is sorted!!
I personally think that as a seller you are more covered than as a buyer. Especially if you have the item in hand.
if you make the payment and the seller does not deliver Paypal refunds the monies!:thumbs

[(RIP) PLANK]

i know i've allready chiped in on this but!

I wouldn't do it, protection is for bad deals not fraudssters as i mentioned above, and the fees are flipping extortionate!

I only ever acepted paypal for one large item, a caravan at about £1500, and the fees, including listing and final value and paypal were, if i remember correctly, over £150! and that was to an honest family, thank heavans!

the only reason some one would pay with paypal for something they have to collect anyway - is, basically, and bluntly put

THEY DON'T HAVE THE MONEY TO PAY FOR IT PROPERLY!

steer clear is my advice, there will be other buyers!

[The Patrolman]

If they want it they will find the cash!!!
Ask for a £100 non refundable deposit via paypal Gift!!
And tell them they have a week to come up with the cash!

Check for dodgy £notes

[makeitfit]

Plank
Borrucks, I think you're being a bit harsh there mate:augie
The buyer could quite legitamatly have had some money paid to him via paypal.
It's a pain to get it out of paypal to ones real money account(paypal want this ofcourse) and it takes ages too.
I often sell stuff on fleabay and buy other stuff there too and never see the cash.
Having said that I still reckon you need cash on collection after a deposit via paypal say:thumbs

[(RIP) PLANK]

Plank
Borrucks, I think you're being a bit harsh there mate:augie
The buyer could quite legitamatly have had some money paid to him via paypal.
It's a pain to get it out of paypal to ones real money account(paypal want this ofcourse) and it takes ages too.
I often sell stuff on fleabay and buy other stuff there too and never see the cash.
Having said that I still reckon you need cash on collection after a deposit via paypal say:thumbs

well i have sold probably in excess of 100 cars vans and caravans on ebay, maybe more, over a membership of over 5 years! and there is no way i would accept complete paymet for a car via anything but cash, or a cleared cheque. I even phone the bank or building society and check before accepting them at all, and still wait for them to clear!

I have refused all manner of deals including credit card checks etc. and allways found a buyer! I usualy ask for £25 non refundable deposit and the rest in cash in 1 week max.

basically, no cash = no car! simple as that!

I know i am stupid in many ways, and maybe loosing the odd genuine customer is one of them, but better safe than sorry :thumbs

[makeitfit]

Agreed , all that's cool and pretty much what I said earlier:thumbs

[CaptLimey]

Plank I make you absolutely right. I've just sold the T2. Had promises of Pay Pal payment (hence this thread), other promises of payment in cash when the buyer could get it from the bank and get to my place, etc. etc.
Had a buyer turn up this morning made an offer I could accept, paid in cash, there and then and too the truck away. Deal done.
Providing you check out the notes (we went to the local bank and got an OK on the large denominations I hadn't seen before (Euros)) and are satisfied - you can't argue with hard cash. It's now in my bank account, not sitting in Pay Pal's coffers!
Rgds CL

[makeitfit]

Happy days :D

[(RIP) PLANK]

well done that man, they say money talks, but cash SHOUTS!

no worrying about weather or not everything is going to be ok now and you can sleep soundly!:clap