Wire money as payment for Ebay auction

sayheykid54

I have a buyer who is looking into the possibility of wiring me money as payment on a auction. The transaction amount is just over $1400.00 and the buyer lives in the United Kingdom.

He's having an issue where Paypal is asking him to provide receipts for high-end items he sold on Ebay. Because of this he's having a problem both receiving and sending Paypal payments. Has anybody ever heard of Paypal doing this?

Any help would be appreciated.

Allen

Sounds like a total scam with a side of fish and chips.

lawnmowerman

<< <i>I have a buyer who is looking into the possibility of wiring me money as payment on a auction. The transaction amount is just over $1400.00 and the buyer lives in the United Kingdom.

He's having an issue where Paypal is asking him to provide receipts for high-end items he sold on Ebay. Because of this he's having a problem both receiving and sending Paypal payments. Has anybody ever heard of Paypal doing this?

Any help would be appreciated. >>



Yep, I have heard of that before. I was actually involved in a transaction with a guy for appr. $400.00 when it happened. Paypal was asking him for proof that he actually owned the items he was selling. I won a card from him that I really wanted so I completed the deal outside of ebay and paypal. I took a risk and it worked out fine.

Being that you are the seller, maybe ask him to send you a money order? Although he my be wanting to send the transfer so he can fund it with his credit card.

storm888

"...Has anybody ever heard of Paypal doing this?..."

//////////////////////////////////////////////


Yes.

During early 2007 and early 2008, I was harassed CONSTANTLY by both
EBAY and PayPal to provide "proof of ownership" on items ranging from
high-end collectibles to designer fashion.

In early 2008, PP began holding funds on 100% of my fashion sales. These
holds were applied on sales through accounts with more than 10,000 FB
and 10-years of sales history. After much arguing, I solved the problem by
depositing $10K+ in a PP MM-account. The holds were eliminated immediately
and PP accepted the MM to "guarantee recourse" on prospective SNAD-claims.

In my view, PP is nothing but an out of control RICO-Enterprise.

The subject British buyer is VERY likely telling the truth.

In Europe, bank to bank transfers between consumers are among the most common
payment methods. In America, GANGSTER middlemen like PP - and the credit-card
outfits they are partnered with - have interfered with our ability to JOIN the rest of the
world in the evolution of consumer to consumer payments.

Bank to bank money movement is the fastest and SAFEST payment method there is.
According to PP's own propaganda, 1 in 3000 PP transactions contains at least one
element of FRAUD. In bank to bank transactions, there is one fraud element found in
every 30,000 transactions. (These figures were revealed during EBAY's failed attempts
to FORCE PayPal on Australian buyers and sellers.)

.............

Some unsophisticated - or brainwashed - Americans feel reticent to give out their bank
account and routing numbers; those numbers are revealed EVERYTIME an American
pays somebody with a check!

Europeans and Asians have been using the system for years and it works PERFECTLY.

SidePocket

The only issue with wire payments are the fees. You'll pay a fee for the incoming wire and he'll pay a fee for sending it. He will also have to convert his payment to USD. The good thing is it's basically cash, there is no recourse back to you once you receive the wire. If he wants to pay by wire I'd say he's good as gold. If he wants your account number, Storm is right, it's on every check you write. Most fraud is based on a hit and run concept, get your account number, either cash a handful of checks in a couple days or go to Best Buy, then go on to the next victim. Not easily done from the UK.

Money Orders are nice but can be counterfeited and I'm not sure if they are sold in USD in Great Britain. Foreign Drafts are normally used for other currencies. A foreign draft is NOT a cashier's check - it's a draft and subject to final payment by the issuing institution. If that bank is in the UK that may take a while, meaning you would probably ship the goods before you are truly in the clear.

I would accept the wire transfer as payment and ship the next day.

storm888

<< <i>The only issue with wire payments are the fees. You'll pay a fee for the incoming wire and he'll pay a fee for sending it. >>



////////////////////////////////////////


To clarify.

The term "wire" means something different to us as Americans
than it does to European bank users.

When we ask our bank to "wire" funds, we usually pay a large fee.
The receiving party may also be charged a substantial fee.

The Euro and Asian consumer2consumer schemes are different.

They work like an echeck via an ACH equivalent, and the fee structure
is "tiny to free," depending on the type of account the users have.

online bank transfers


excellent explanation of how it works in Europe



Here are some of the gateways, including PayPal's European system:



payment methods

IchiroDeported

1. I knew Storm would have a comment/answer
2. I knew that he would mention RICO

all is right in the world!

(nothing but praise for STORM!)