Paypal Question: What is my risk in this case as a seller.

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mattjbak

Senior member
Jun 3, 2005
909
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I've listed my desktop computer in the fs/ft forum on this site, as well as a few others. One of the offers that I received was through email from a person without heatware feedback. He wants to pay with paypal, and seems legit (genuine in the email and doesn't even seem too sure about having his mind made up about the purchase). If I was to go through with it and sell him the computer (Value > $1500), what kind of risk am I assuming? I know that Paypal has protections for both the buyer and seller, but I've heard horror stories about buyers disputing charges and saying the item was lost or never arrived. Any ideas?

Thanks a lot.
 
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BigJ

Lifer
Nov 18, 2001
21,330
1
81
Originally posted by: Parasitic
Originally posted by: mattjbak
Anyone? And what if he isn't verified?
Click to expand...

Ask him to send you a money order. Wait a couple of days. Send merchanise.
Click to expand...

Waiting a couple of days does nothing for the clearing process, since it can bounce a week or two weeks later.

What he should do is have the perosn buy two MOs (since they can only be purchased for a value of up to $1,000) each and cash them at the Post Office.

Once they are cashed at the Post Office, the money is yours. No ifs, ands, or buts about it.
 
M

mattjbak

Senior member
Jun 3, 2005
909
0
0
Originally posted by: BigJ
Originally posted by: Parasitic
Originally posted by: mattjbak
Anyone? And what if he isn't verified?
Click to expand...

Ask him to send you a money order. Wait a couple of days. Send merchanise.
Click to expand...

Waiting a couple of days does nothing for the clearing process, since it can bounce a week or two weeks later.

What he should do is have the perosn buy two MOs (since they can only be purchased for a value of up to $1,000) each and cash them at the Post Office.

Once they are cashed at the Post Office, the money is yours. No ifs, ands, or buts about it.
Click to expand...

So they are able to cash that much at the post office? Thanks a lot for the replies.
 
T

ThaGrandCow

Diamond Member
Dec 27, 2001
7,956
2
0
I've always wondered what would happen if you made the buyer send paypal as "send cash"

Could they in any possible way reverse the charge?
 
B

BigJ

Lifer
Nov 18, 2001
21,330
1
81
Originally posted by: mattjbak
Originally posted by: BigJ
Originally posted by: Parasitic
Originally posted by: mattjbak
Anyone? And what if he isn't verified?
Click to expand...

Ask him to send you a money order. Wait a couple of days. Send merchanise.
Click to expand...

Waiting a couple of days does nothing for the clearing process, since it can bounce a week or two weeks later.

What he should do is have the perosn buy two MOs (since they can only be purchased for a value of up to $1,000) each and cash them at the Post Office.

Once they are cashed at the Post Office, the money is yours. No ifs, ands, or buts about it.
Click to expand...

So they are able to cash that much at the post office? Thanks a lot for the replies.
Click to expand...

Depending on your post office, yes you can. If you're in a larger city/town, they shouldn't have a problem having the funds available. I believe they only have to cash MOs under a certain amount. I'm sure it's on the USPS site somewhere.
 
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keeleysam

Diamond Member
Feb 8, 2005
8,131
0
0
The USPS deal is that all the cash must come from one drawer, and most in middle to upper-middle class towns don't have $1000, as most use credit cards.

You will most likely be sent to the inner city post office and get bills with traces of drugs. ;)

Just deposit at the bank. :D
 
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mattjbak

Senior member
Jun 3, 2005
909
0
0
They mentioned earlier that depositing straight to the account can bounce? I didn't think that could happen though...
 
M

mattjbak

Senior member
Jun 3, 2005
909
0
0
The only thing ambiguous to me is the following:
# For transactions equal to $250.00 USD or more in value, the seller needs to provide a proof of receipt signed, or otherwise acknowledged, by the buyer. A proof of delivery from the shipper which does not contain the buyer?s signature or other acknowledgement will not be sufficient. The equivalent transaction amount in non-USD currencies at which the seller must provide online proof of receipt acknowledged by the buyer is as follows:

What would constitute a "proof of receipt signed" done over the internet? Would email transaction be enough?
 
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keeleysam

Diamond Member
Feb 8, 2005
8,131
0
0
No. If using USPS, you must insure it or use Signature Confirmation.

If using another carrier, you must require a signature.
 
K

keeleysam

Diamond Member
Feb 8, 2005
8,131
0
0
No. If using USPS, you must insure it or use Signature Confirmation.

If using another carrier, you must require a signature.
 
D

Diademed

Senior member
Sep 4, 2004
336
0
76
Paypal is TERRIBLE.

I bought an item off ebay, the seller never shipped, took my money and ran, the jackass lives 2hours away from me, but paypal didn't do anything. They acknowledged that the claim was in my favor, then said they couldn't get my money. Thanks, paypal.
 
tennesota

tennesota

Lifer
Aug 9, 2000
11,911
0
76
One should should always follow the PayPal stipulations including shipping only to a confirmed address.

But the fact that you post a concern in this forum is reason enough not to go through with the deal.
If your "gut feeling" is don't do it; then don't do it.
 
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