hi all,

I need some advice. I have just sold my car and the guy has paid me a deposit via paypal. He asked whether i would accept the remainder via paypal. Total transaction is £2k.

My worry is that i have heard of people being screwed using payapl with money being retracted. How does this work??

Want to make sure i have all the money prior to releasing the car. As most people i cant afford to lose £2k

Thanks
Smudge

 

There was a chap on UKFN who took payment by paypal and then it turned out to be a hacked Paypal account so it then was taken back....basicly leaving him with nothing and no car!

They managed to find the car luckily and it was sorted but to be honest I would always stick with old fashioned cash!

 

Allow a Paypal payment, but dont release the car until the money is transfered out into your bank, this takes around 5 working days.

Suggest the payer pays cash on collection to minimise time delay.


regards

 

+ you'll lose 4%ish of this in paypal fees,

i say if hes gotta collect the car then 2k aint alot to have in the pocket too

 

seems dodgy to me he wants to pay you that much by paypal why not just cash on collection or if hes desperate to pay you tell him to pay it direct into your bank account

 

Will your account accept that much ?

 

Problem is, paypal will take a hefty slice of your £2k in fees!

Also, he at any time can claim that £2k back as "didnt recieve the goods" etc, and no questions that £2k will be removed from your paypal, whether it's in your bank by then or not, and Paypal will persue that money!!!

Tell him nope, Cheque/Bankers draft only please....

 

He may be paying on a credit card via Paypal....

 

It'll cost you £58 in paypal fee's

 

ummm not sure on that one, how do I check???

He has agreed to pay the fees. He has said that its difficult to get the money as he is on call

Oh fuck, i dont know what to do for the best - lol

Smudge

 

Wouldn't accept it myself unless he pays the fee's and waits untill they are cleared in my bank account

 

Dont risk it mate,if he want the car i'm sure he can bother his arse to get 2k together in cash.

 

phone bank, go pick it up, 30min job if you ask me?

if on call, phone bank, when your passing pick it up.