1954 Topps set breakup- Would you take paypal?

natetrook · June 22, 2008 6:01AM

I am breaking up a Topps baseball 1954 set all graded in PSA-5, PSA-6, and PSA-7, and I have a question for the group.
Would you take paypal for the big ticket star cards?
I have heard horror stories about high ticket items such as coins, where people have blocked their credit cards
after paying paypal, and saying they didn't receive the item. The terms favor the buyer, and the seller is out of luck
on the item.

I'm going to refuse paypal for the Aaron RC, but take it on the lower priced cards as shown below.
Any advice,
Thanks, Nate

1954 Topps Hank Aaron RC PSA-6

otwcards · June 22, 2008 6:05AM

I take PayPal for higher end items. On very high tag items, I sent via Express Mail insured with signature release. The ensures that the package is insured if lost or damaged and that I have a record of physical delivery.

I have NEVER had a dispute filed for failure to receive an item in this manner and I would be confident accepting PayPal in this manner especially when selling a graded card.

gumbyfan · June 22, 2008 6:06AM

As long as you use Signature Confirmation, you should be protected by Paypal.

RipublicaninMass · June 22, 2008 6:10AM

ANYTHING over 200 get sig confirmation

Bosox1976 · June 22, 2008 6:12AM

I wouldn't worry about it either.

storm888 · June 22, 2008 6:31AM

"As long as you use Signature Confirmation, you should be protected by Paypal."

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

That's pretty much the case.

The real risk of PP is just now starting to be revealed by the recent
FBI arrests of scamsters using their employers' credit cards and
managing to hide the fraud for more than a year.

PayPal is throwing ALL of the EBAY sellers that got burned by the
crooks, UNDER THE BUS.

This is NOT to say that the credit-card companies will behave any
differently; they won't. BUT, the difference is that PayPal has a
seller's money on an ongoing basis and it is easy for them to
snatch it at the first sign of "trouble." EVEN YEARS AFTER the sale.

I don't think one can do big business on EBAY w/o PayPal. But, if
I ever set up another EBAY enterprise, I might try it.

lsutigers1973 · June 22, 2008 7:41AM

<< <i>ANYTHING over 200 get sig confirmation >>

I had to go to the post office last week to sign for a card from an ebay auction. The sale price with shipping was $11. Spent $4 in gas to get there.

WinPitcher · June 22, 2008 8:26AM

Make sure it is 'electronic signature'

it costs 85 cents.

It is not the one where you get the pink receipt, that one costs 2.20 and can't be seen online.

To get the electronic signature you have to buy insurance for at least 200.00 (coverage)

When I sold the Banks rookie and 53 Mantle recently I simply sent the registered.

Steve

hofautos · June 22, 2008 8:40AM

whats the hank aaron look like?

WinPitcher · June 22, 2008 8:55AM

Click the link and you will see.

Looks nice a lil OC but then again many are.

Steve

WinPitcher · June 22, 2008 8:57AM

I am interested to see if the lack of paypal hinders the sell price for it.

Good luck Nate.

Steve

WinPitcher · June 22, 2008 6:08PM

Why did you end the auction? I was considering that card.

Steve

RonBurgundy · June 23, 2008 12:57AM

"This is NOT to say that the credit-card companies will behave any
differently; they won't. BUT, the difference is that PayPal has a
seller's money on an ongoing basis and it is easy for them to
snatch it at the first sign of "trouble." EVEN YEARS AFTER the sale."

How, pray tell, would this occur? If you have no money in your paypal account, it's hard for me to see how they can "snatch it away" simply due to a buyer acting nefariously.

Ron

bman90278 · June 23, 2008 1:06AM

I would not have any problem accepting Paypal and you should do so. I had a chargeback dispute earlier this year and the customer was a non-pay pal customer, but they paid with their credit card using my pay pal system on my wife's web site. The customers card company gave the customer back their money, but PayPal released the hold on my money as I did everything in their "Sellers Protection" and the fact I didn't do anything wrong.

natetrook · June 23, 2008 11:46AM

I ended this auction early because someone offered me $1000 via money order.
No paypal or final value fees.

I just read a story about a guy who sold a coin, a 1909s VDB Lincoln cent PCGS MS66, and accepted paypal for a $5000 transaction. He ended up getting his money yanked by paypal via a dispute, because the guy claimed he didn't get the merchandise, even though he proved receipt of his delivery of the coin. The buyer sold the coin, and the seller could only reclaim about half of his sale, even after a dispute reconciliation with paypal. Bad luck??? The seller does not accept paypal on his high priced coins because of this incident.

I'll find a link to the story, and post a copy of his auctions here shortly. That's why I was nervous about selling the Aaron via paypal. However, I'm sure there is a risk of a fake money order as well.
Nate

1954 Topps Set Breakup-----All PSA-5, PSA-6, & PSA-7

HighChopper · June 23, 2008 11:50AM

I'd feel more comfortable with PayPal than a money order.

Just my two cents.

BobaFett72 · June 23, 2008 12:43PM

as a seller i'd prefer to get paid via money order or bank check; as a buyer i prefer the protection of feepal. quite the conumdrum.

WinPitcher · June 23, 2008 12:46PM

I ended this auction early because someone offered me $1000 via money order.

Do you think you may have left money on the table?

Steve

natetrook · June 23, 2008 1:21PM

The other PSA-6 Aaron sold for $860.

So, I would have had to sell for $1075 before fees to make $1000.

I think I took the right deal.

WinPitcher · June 23, 2008 9:37PM

You may have, however, what about those people that had bids on the card? Or those that were watching
and wanted to bid later? If they see you doing that with this card they may not bid for anything else
you put up. You may have lost more then you think.

Once an auction is started and has bids I let it ride. It was already up to 878.00 Wasn't it?

Good luck with the rest of your set.

Steve

natetrook · June 25, 2008 1:14PM

Here is the link to the paypal gone bad story for a valuable coin.
The seller no longer takes paypal on high dollar purchases.

Chilling paypal story....read it, it's true

WinPitcher · June 25, 2008 9:23PM

Money orders can be faked too. Checks can bounce after your bank 'clears' them

Steve

WinPitcher · June 25, 2008 9:28PM

After reading that account (again) I read it when it first posted, it was Amex IMO that was acting sleazy.

Steve

natetrook · June 27, 2008 12:24PM

I think you're right.
Amex screwed the seller.

However, I don't think you can accept credit card payments through paypal and just take MC/VISA.

That bites.
Nate

1954 Topps set breakup- Would you take paypal?

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