Selling laptop on ebay.. how do I make sure his paypal payment is legit?

[khlee]

He wants to pay my paypal account with his credit card. How do i make sure his credit card is not stolen or anything??

 

[MercenaryForHire]

I don't take Paypal CC for expensive stuff - money orders or certified cheques only.

But if the auction's over - get a home address & phone number, then call his CC company and verify the information.

Sure it's paranoid, but Paypal isn't the best tool for the eBay seller.

- M4H

 

[Yzzim]

Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

 

[mpitts]

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

IIRC, credit card payments through Paypal clear to your account instantly.

 

[MercenaryForHire]

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

 

[AnimeKnight]

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

 

[khlee]

Originally posted by: AnimeKnight

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

wTH????

 

[khlee]

But if the auction's over - get a home address & phone number, then call his CC company and verify the information.
- M4H

and then everything should be ok, right?

 

[Yzzim]

Originally posted by: AnimeKnight

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

WTF! What has become of the situation?

 

[khlee]

bump this is kinda urgent

 

[Garet Jax]

If you are this worried, I would call the CC provider and ask them what you need to do to ensure the user is not using a stolen card. In this whole transaction, they are the only ones who are as incented as you are to prevent CC fraud.

 

[khlee]

Originally posted by: Garet Jax
If you are this worried, I would call the CC provider and ask them what you need to do to ensure the user is not using a stolen card. In this whole transaction, they are the only ones who are as incented as you are to prevent CC fraud.

good idea

 

[Ausm]

As soon as they clear it is officially in your account 😉

Ausm

 

[AnimeKnight]

Originally posted by: Yzzim

Originally posted by: AnimeKnight

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

WTF! What has become of the situation?

well.. I couldn't produce the documents.. and Paypal charge me whatever was charged.. $250.. luckily I didnt have any money in that account at the time.. so I refused to pay and now they suspended that account. It's been like a year or two now. 🙁

 

[dahunan]

Originally posted by: khlee

Originally posted by: AnimeKnight

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

wTH????

Whoa... wTH???????x2

That is truly scary... How in the hell can the vendor be held responsible for what a criminal did?

 

[Damon]

Hi khlee,

I would highly recommend following our Seller Protection Policy because laptops are often the target of credit card fraud. Shipping to the confirmed address w/tracking and signature confirmation (over 250.00) would eliminate your liability for charge backs regarding credit card fraud/non-delivery.

http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/ua/policy_spp-outside

 

[dman]

Originally posted by: dahunan

Originally posted by: khlee

Originally posted by: AnimeKnight

Originally posted by: MercenaryForHire

Originally posted by: Yzzim
Doesn't it take 3 to 4 days for the credit card payment to clear?

If so, don't ship until the payment has cleared.

Cleared or not, it can still be stolen.

- M4H

yup.... I found this the hardway... 🙁 .. A year and a half later Paypal decide to email me saying that the credit card that I received funds from was stolen and wanted me to present some documentations :| This is 1.5 years later!!! :|

wTH????

Whoa... wTH???????x2

That is truly scary... How in the hell can the vendor be held responsible for what a criminal did?

You are responsible (as a seller) to get proper identification and a signature to clear a transaction. If you don't have that, and the buyer claims that they never made the purchase, the CC company ere's on the side of the consumer. And many CC places charge the sellers 3%+ for the priveledge of accepting their card.

So, you live by the rules and hope you don't get scammed.

Doing business over the internet is scary because it's hard to prove that the person making the purchase is the cardholder. CC Companys need to have a PIN # associated with the card that only the buyer could know... like a debit card. Then if a card is stolen, the thief would at least have a tougher time abusing it. But, consumers are lazy and if they have to remember another # they'll complain so no company wants to implement this, at least not yet.

At some gas stations now when I put my card in it asks for my zip code before it validates me and I can make a purchase. I wonder how much just that simple step cuts down on fraud, I bet a lot!