A quick question about safely getting large paypal payments

Cldroescher · February 3, 2010 12:29PM

Hey guys,
I am entering into a large transaction with a reputable board member.
He is planning on paying through paypal gift.
Are there any dangers (ways to be scammed) that I as the seller need to know about?
I am planning on shipping it fully insured either through UPS or the Post Office with Sig confirmation.
Second and most importantly, I am in no way questioning the integrity of the member with whom I will be dealing.
If said buyer does see this post please in no way be offended.
I am simply attempting to cover my tail in every way when conducting a very substantial transaction.
Thanks

storm888 · February 3, 2010 12:35PM

Prolly safe, IF you have confidence in the buyer.

A credit-card chargeback - "unauthorized use" - is about the only risk
on a "gift" payment.

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

INS the item and use SigCon.

bigjaco · February 3, 2010 12:36PM

paypal gift, especially a large one as far as I know means the buyer is taking a far bigger chance then you.

thou even with a credit card I believe you can cancel the charges.

corvette1340 · February 3, 2010 12:45PM

lol, I am the buyer and I was just pm'ing some folks to get some reassurance as well. I can assure you that I am good. My ebay account is perfect with over 400 feedback and I have a few different businesses as well. I was just a little worried since you hadn't sold to any verified buyers on paypal.

storm888 · February 3, 2010 12:47PM

it's safe for the seller.

don't know the seller.

WinPitcher · February 3, 2010 12:48PM

lol

yeah I don't think you two will have any problems. Tommy is pretty solid.

Steve

corvette1340 · February 3, 2010 12:49PM

<< it's safe for the seller.

don't know the seller. >>

is it safe on my end as well? How can I make myself safe. Thanks as always Storm

storm888 · February 3, 2010 12:50PM

<< 

<< it's safe for the seller.

don't know the seller. >>

is it safe on my end as well? Thanks. >>

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

I DON'T KNOW the seller.

WinPitcher · February 3, 2010 12:51PM

Is it safe?

My teeth hurt now just thinking about that.

Steve

storm888 · February 3, 2010 12:52PM

The only good recourse for a gift-sender is CCCB, on an "unauthorized use" claim.

Easy to win a legit one; hard to win a fake one. (Especially with this thread in the mix.)

Cldroescher · February 3, 2010 12:54PM

lol, turned into a very nice thread

glad that you're cool with me asking
sounds like we had about the same idea

vladguerrero · February 3, 2010 12:57PM

<< paypal gift, especially a large one as far as I know means the buyer is taking a far bigger chance then you.

thou even with a credit card I believe you can cancel the charges. >>

+1

Now that the cats out of the bag what's the deal guys?

corvette1340 · February 3, 2010 1:03PM

If I dont use paypal gift, am I covered just like any other paypal transaction?

WinPitcher · February 3, 2010 1:08PM

I really don't think you two have anything to worry about, If I was involved I'd be on the phone talking to the other party and not

conducting my affairs here.

But that's just me.

And if I was worried I'd prolly Pm some trusted folks for advice.

But that is just me.

Hopefully my above statements won't draw me drama.

Just giving my view.

with that i'm off to bed

GN everyone

storm888 · February 3, 2010 1:10PM

<< If I dont use paypal gift, am I covered just like any other paypal transaction? >>

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

Off-EBAY PP - non-gift - covers for

INR

and

Unauthorized Use

ONLY

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

No SNAD nonsense.

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

bigjaco · February 3, 2010 1:12PM

phone call would help me; thou if it's a very big transaction the more barriers protecting the better. Do a normal goods transaction on paypal and up the price by 3.5% (i believe that's the fee) and you have credit card and paypal protection.

if it's disgusting amount of cash i'd use a third party or road trip.

Dboneesq · February 3, 2010 1:16PM

Methinks it's that '71 Ryan beauty!!!

corvette1340 · February 3, 2010 11:53PM

<< Methinks it's that '71 Ryan beauty!!! >>

You are correct sir. Payment just sent for '71 Ryan SGC 96 and Gehrig card. Thanks for all who provided input.

WinPitcher · February 3, 2010 11:55PM

Congrats Tommy And Cid, looks like a job well done.

Steve

KbKards · February 4, 2010 12:31AM

The attractive part about sending the money as a gift is there are no fees under certain circumstances. The money must come from your Paypal balance or checking account. If you're funding the gift with a credit card then there will be normal fees charged on the transaction and when paying you select who will be charged these fees - the buyer or seller. The unattractive part about sending money as a gift is that as the sender of the money you are pretty much screwed if anything goes wrong, especially if you didn't fund the payment from your credit card. If the goal was for both the buyer and seller to avoid all fees then it probably wasn't funded by credit card. If you're funding the payment with a credit card then you'd have more buyer protection if you didn't send it as a gift.

corvette1340 · February 4, 2010 12:34AM

We decided to do a regular payment so we would both be covered to the fullest extent.

itzagoner · February 4, 2010 12:36AM

good move, Tommy.

envious.....

corvette1340 · February 4, 2010 9:38PM

bump for Caleb to respond. I paid early yesterday morning and haven't gotten a confirmation from him nor any response since.

WinPitcher · February 4, 2010 9:46PM

You have a phone number?

Steve

corvette1340 · February 4, 2010 10:10PM

<< You have a phone number?

Steve >>

no, I sent him a pm to get back to me and at least confirm my payment. He said he was going to ship today. It's just kind of weird that we exchanged numerous posts in the threads and several pm's up until the time I paid, and now I haven't heard anything from him.

craigger · February 4, 2010 11:23PM

one thing I can not stand is a lack of communication from trading partner.....i hope it works out for you

Allen · February 5, 2010 1:04AM

With non-ebay transactions as long as the seller can prove delivery they win. PayPal will let the buyer open an item not as described claim and then they close it and tell you that you lost thirty seconds later.

Stone193 · February 5, 2010 1:10AM

Congratulations on a good transaction guys!

mike

corvette1340 · February 5, 2010 3:32AM

I got the tracking number from Caleb. Looking forward to the cards.

corvette1340 · February 5, 2010 3:34AM

<< With non-ebay transactions as long as the seller can prove delivery they win. PayPal will let the buyer open an item not as described claim and then they close it and tell you that you lost thirty seconds later. >>

yeah, good thing I pay for all of my high end purchases with a credit card.

minnesotahusker · February 5, 2010 4:30AM

<< paypal gift, especially a large one as far as I know means the buyer is taking a far bigger chance then you.

thou even with a credit card I believe you can cancel the charges. >>

When did this board turn religious?? Sorry couldn't resist.

A quick question about safely getting large paypal payments

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