Joe Posted July 6, 2007 Share Posted July 6, 2007 My fiesta is on ebay at the moment. A chap has offered me £500 via paypal to pickup tomorrow... What are the risks involved here? Ie, it takes about 7 days to clear into my account Could he send payment, take the car, and cancel the paypal? Joe Link to comment Share on other sites More sharing options...
Escort_Kid Posted July 6, 2007 Share Posted July 6, 2007 Well as peewee's brother prooved...........yes Link to comment Share on other sites More sharing options...
tezmanian devil Posted July 6, 2007 Share Posted July 6, 2007 if he can pay by paypal, jus tell him to get the fund's out into cash sorta thing, or make a different paypal account and as soon as you have the money, send it to your proper one... Link to comment Share on other sites More sharing options...
Joe Posted July 6, 2007 Author Share Posted July 6, 2007 if he can pay by paypal, jus tell him to get the fund's out into cash sorta thing, or make a different paypal account and as soon as you have the money, send it to your proper one... Thats a good call there, He wants the car by monday, so Id imagine his paypal is over £500, and his bank is zilch..... or he's a lying scumbag. Link to comment Share on other sites More sharing options...
duffa Posted July 6, 2007 Share Posted July 6, 2007 couple points...if his paypal is linked to a card...they payment will be instant...if its linked to his bank account...will go through as an e-cheque 7-9 working days...so it could be cancelled just tell him he can pay via paypal...but you want the funds to clear first Link to comment Share on other sites More sharing options...
Lee R Posted July 6, 2007 Share Posted July 6, 2007 I have risked it before with no probs, wouldn't these days though Link to comment Share on other sites More sharing options...
Joe Posted July 6, 2007 Author Share Posted July 6, 2007 Duffa, my paypal is directly linked to my bank, If my paypal is on 0.00, funds come out of my bank immediately. Joe Link to comment Share on other sites More sharing options...
PeeWee Posted July 6, 2007 Share Posted July 6, 2007 As mentioned it happened to my brother over 4 weeks later reversing payment.Paypal wont cover cars either, it was reversed & the guy got the money back, lesson learnt, police wernt interested & neither were ebay or paypal. Link to comment Share on other sites More sharing options...
duffa Posted July 6, 2007 Share Posted July 6, 2007 Duffa, my paypal is directly linked to my bank, If my paypal is on 0.00, funds come out of my bank immediately. Joe do they not come out as an e-cheque(payment pending )...it did on mine till i registered a new card ? Link to comment Share on other sites More sharing options...
reid Posted July 6, 2007 Share Posted July 6, 2007 theres very few people i would trust nowadays for anything but cash (that i would double check too) Link to comment Share on other sites More sharing options...
danposs86 Posted July 6, 2007 Share Posted July 6, 2007 Get 'em to pay cash. Link to comment Share on other sites More sharing options...
Pete Posted July 6, 2007 Share Posted July 6, 2007 Duffa, my paypal is directly linked to my bank, If my paypal is on 0.00, funds come out of my bank immediately. JoeYep, mine too. Even after you have withdrawn the money from your PayPal account into your bank account (i.e all cleared etc), if PayPal deem the source of the funds were fraudulent, they will simply reverse the transaction, even if that means putting your PayPal account £500 in the red Link to comment Share on other sites More sharing options...
dark-ryder Posted July 6, 2007 Share Posted July 6, 2007 i wouldnt let him take the car until the payment had cleared, and like previously said.. if he has his paypal set up on his debit/credit card get him to get the cash out at the bank and pay like that.. or tell him hes welcome to buy the car for 500 but funds must clear first.. Link to comment Share on other sites More sharing options...
Stu Posted July 6, 2007 Share Posted July 6, 2007 I'd never do this. Cash only. Link to comment Share on other sites More sharing options...
Joe Posted July 6, 2007 Author Share Posted July 6, 2007 Thankyou people Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now