Originally posted by: CQuinn
Originally posted by: xSeongminx
I was just wondering, if I was to sell an item and the person was to send an eCheck, and then while I am waiting for the money to clear, complains that he wants a refund back, am I liable for it? If HE paid for the item, isn't it his?
As Mo0o points out, it will depend on the circumstances of the deal, and if you sold it thru an online forum or service that has
establised rules for such things.
Also, I would CYA in regards to the available funds, and whether you even have the money to refund in the first place.
Has the buyer already sent back the item, and you have confirmed it is in the same condition as when you sent it out?
Has the money cleared, and you actually have "his" funds to send back?
Or, is it a type of eCheck that you can cancel from your end, and thus he will not be out of funds?
It is typically a good faith practice to refund a sale if the other party gets "buyer's remorse" for some reason, within a reasonable
amount of time. 3 to 30 days depending on the type of sale.
But, it is also acceptable for the seller to take steps to insure they are not being scammed into refunding the value of an item,
and then not getting the item back in return.