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Paypal money retractions?

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Old 22-02-2005 | 06:51 PM
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Default Paypal money retractions?

OK, basically I sell a mountain bike for a neighbour and it goes for £210 quid. i have withdrawn the money from paypal yesterday, but i remember reading somewhere that its possible for the buyer to retract the money somehow?

The chap has emailed me and says the bike is for his brothers birthday this weekend, and wonders when i can post it?

he has 41 100% positive feedback, and his paypal address is verified.

what u guys and gazettes reckon?

thanks

Old 22-02-2005 | 06:55 PM
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I always wait for paypal money to clear into my own bank account
Old 22-02-2005 | 06:57 PM
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I usually send stuff out as soon as I've received an instant payment, and expect others to do the same. They've paid for the goods as far as I'm concerned.

HTH
Old 22-02-2005 | 06:59 PM
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if his feedback is that good id say it will be fine

its only the 0 feedback fookers that say that you wana watch
Old 22-02-2005 | 07:00 PM
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I was wondering the same thing. I'm still waiting for £20 to come through from something i sold about 7 days ago. It should be iun my account by now!
Old 22-02-2005 | 07:05 PM
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The only time a Paypal payment can be retracted is for a good reason...... item not revceived etc but you WILL be contacted by Paypal b4 any money is returned I had the situation with the twat "strutbracer" on Ebay when he wouldn't return my money as he didn't have the goods.
Old 22-02-2005 | 07:51 PM
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ok, thanks people


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Old 22-02-2005 | 07:55 PM
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I'm in the same boat, sold a phone to the second chance offer bloke and he paid instantly via PayPal. I told him i'd post the phone when the money has cleared but I feel a bit guilty doing so.

But I don't trust PayPal one bit!! If they are using a fraudulent account then it will just dissapear from your account at a guess.

Natwest however I do trust so once it is in there then he can have his phone
Old 22-02-2005 | 10:15 PM
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They can only retract the money from your Paypal acount, once its in your bank then its yours.
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