Paypal question

Craig Lewis

Craig Lewis

Well-known member
If Joe from a different continent, gets me to ship a part to a 2nd party, in yet a different country...
AND he sends funds to my paypal first
...can there be any potential risk to me or my account?

I suspect someone here can give me a better answer than paypal :) ...thanks.
 
He can dispute the charges with Paypal and say that he never received them and Paypal will charge you back. Dont fall for that one. Have them send M/O and make sure it clears.
 
If the sale is worth it to you, make a new email AND paypal account, get them to send the money , and then cancel that paypal account.

So if you get a rogue, there is no way they can get a charge back.
 
pooch said:
If the sale is worth it to you, make a new email AND paypal account, get them to send the money , and then cancel that paypal account.

So if you get a rogue, there is no way they can get a charge back.
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Doesn't PayPal now require you to have an active bank account where they verify it by making a couple deposits of a few pennies for the PayPal applicant to prove (s)he is the owner? In other words, PayPal requires you to link the account to a bank account and not a credit card, --which the bank accounts are tied into the credit reporting agencies. A charge-back with insufficient funds to cover this (from a closed bank account) can be reported to the bureaus as a bad debt.

Sadly, it seems that if someone needs to go jump through all the hoops of initiating a checking account at the bank (lots of paperwork), ...and then do all the hassle of setting up a PayPal account, only then worry whether there will be any ramifications of fraud at some point down the road, ....it sure seems for me this would be way too much risk/trouble for the financial reward!

.
 
BRENT in 10-uh-C said:
Doesn't PayPal now require you to have an active bank account where they verify it by making a couple deposits of a few pennies for the PayPal applicant to prove (s)he is the owner? In other words, PayPal requires you to link the account to a bank account and not a credit card, --which the bank accounts are tied into the credit reporting agencies. A charge-back with insufficient funds to cover this (from a closed bank account) can be reported to the bureaus as a bad debt.

Sadly, it seems that if someone needs to go jump through all the hoops of initiating a checking account at the bank (lots of paperwork), ...and then do all the hassle of setting up a PayPal account, only then worry whether there will be any ramifications of fraud at some point down the road, ....it sure seems for me this would be way too much risk/trouble for the financial reward!

.
Click to expand...

You have to have a bank account and a credit card.
 
Paypal is a bunch to stay far away from IMO, i wouldn't use paypal if it meant never buying another part in my life. Lots and lots of horror stories from those creeps.
 
when you ship get a tracking # so you can prove he got it . also , when the money hits paypal , transfer it to your bank . ive done a few of these & so far had good luck . just cover thy *** ! ................. steve
 
The first thing everyone should realize is that there is absolutely no perfectly safe way to exchange funds. Money orders (even postal), like paper currency, can and are counterfeited. Bank transfers leave your account info open to access. No matter what you do you're doing a risk/reward assessment even if you don't consciously think of it that way.

Yes, Paypal requires a bank account, but you don't have to keep much money in it, they have no way to control that. They're playing the odds that most users won't "go through the trouble" to have multiple accounts. I'm not a big fan of paypal, but they do offer a convenience that opens up options for selling and buying. It's about making completing a transaction easier. I understand those that don't trust it, and that's fine. Just know that the trade off is fewer buyers if you're a seller, and fewer sellers if you're a buyer. If that works for you that's great. For others that do use it there are risks, but then we all drive cars which (unless you're something like a coal miner) is the most dangerous practice in your life.............but we've mostly accepted the risk because of the value of the reward.

One other common gripe about paypal is the fee. Anyone who's run a business that accepts credit cards knows that there's a fee for taking those. When I had my business the best deal I was able to negotiate was just under 3%..................which more than a decade later, is about what the paypal fee is.
 
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I like pay pal it's really the only way I like to buy and sell stuff with but it does have some problems.

I have to say tho that it does offer the best protection.

That's just my two cents.
 
Forget PayPal. Request an International Postal Money Order. Don't even use Western Union. Ship only when everything has cleared.
 
It's true the purchasher can claim he never recieved the item...but its a matter of personel preference and your gut feeling...often people in australia and new zealand have buyers here in the usa......I sold a coupe through ebay and a local guy came and picked it up.....I had the contact info from the gentleman in austrialia it was all legit.....just be careful......gump
 
if in doubt use western union or money gram, the money has to be given on there end before western union or money gram will wire it to you, and i would be very suspicios of him wanting you to send it to be forwarded by some one else, ask him why you cant just send it straight to him, i bet you never hear from him again
 
steve norcal said:
when you ship get a tracking # so you can prove he got it . also , when the money hits paypal , transfer it to your bank . ive done a few of these & so far had good luck . just cover thy *** ! ................. steve
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Proves who got it?

Joe in Spain says sent it to Sam in Nigeria, Joe pays via Paypal. After a week Joe tells Paypal he never received it. You tell paypal "Well I sent it to Sam", Joe states "well I'm not Sam give me my money back". Joe bought it, Joe never received it, Joe doesn't have to pay.
 
Having worked as a Certified Fraud Examiner for many years, I have found that there are many loopholes in any of the systems. I prefer doing business with people and receiving payment through Paypal and am careful to follow their advice on how to avoid being scammed. I use a separate checking account which I set up with a minimum amount of money, to deposit the Paypal money and sell only to certified buyers with a good feedback record. The worst company with the most fraud that I have encountered is Moneygram. Check this warning from Moneygram regarding the purchase of a vehicle. Then Google "Moneygram Scam"

https://www.moneygram.com/wps/portal/moneygramonline/home/detailpages/ScamAlertDetail/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gPSxcDDxN_A0t_Q18DA08LUy8_M3NDQwN3I30v_aj0nPwkoMpwkF4kte5h7i5AtRbGxk7ersYGFgYQeQMcwNFA388jPzdVPzg1Lz40WL8gOzjIwlFREQDLjxRv/dl3/d3/L3dDb0EvUU5RTGtBISEvWUZSdndBISEvNl9HM0dINkdBMzAwQjdGMElDR1JIRUVWMzAwMA!!/
 
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that is true if your buying but he is selling, so in his case western union or money gram is the best way to go if he sends it directly to the purchaser, the money is handed to either one before either will wire the money to him thats why scammers want you to send money thru those companys, if your buying dont ever send money that way, works good if you are selling tho, it gets rid of the scammers because they know the money is gone once sent
 
I have never been burned but lately I am hearing stories about Paypals buyer protection.
A person buys a camera, pays by Paypal, receives the item, alleged removes parts they need then claims the item was not as described and the purchase price is refunded leaving the seller with a damaged item he had to buy back.
 
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