2. misc-audio
  3. 1363665641

A Paypal Offer - Is This Secure?

Hi All,

I am selling a CAT amplifier and have a paypal offer from a buyer who has very little feedback (only one transaction) and does not speak english well and communicates only small bits of information at a time. I am nervous about this. I spoke with paypal and they told me that as long as:

1) I am selling something of substance
2) I ship to the paypal address, no other address
3) I can document the shipping of the product

I am protected as a seller. If this is true, I should be able to accept his offer and make sure that I am shipping to the address listed in paypal, and I should be fine shipping pilot air insured (with tracking and all, including photos of packing, etc). What do you guys think? Is this too much of a risk, or not really a risk at all?
peter_s
jea48
2,944 posts
 
You should check out the archives here as well as AA, Audio asylum.

As a buyer I only buy using Paypal. Safe and secure.

As a seller, reading the experiences here as well as on AA, not so good. Something as simple as buyer's remorse can cause a seller, a charge back on his account.

Oh sure the buyer doesn't tell Paypal he changed his mind and now doesn't want the equipment. He just says the equipment is defective....

Once the buyer starts a dispute resolution with Paypal the funds are pulled from the sellers account.

Like I said, research the archives.....
jmcgrogan2's avatar
jmcgrogan2
6,346 posts
 
Only thing tat I would add to what has been already said is that make sure on step #2 that you ship to a Paypal VERIFIED address. That's an important step in the seller's protection, making sure that the buyer's address is verfied in the Paypal system.
polk432
1,116 posts
 
Since the buyer has little feedback, don't ship until the paypal funds post to your bank account. It takes about 3-4 business days. Ship to a confirmed paypal address, with the package to be signed for. When the funds post to your account, take the money out until you have cofirmation that the item shipped was received. Note.. It's your gamble if you choose to ship overseas due to customs and buyers that want you to help them cheat on taxes. Try to sell major items lower 48 states only. Best of luck.
buconero117
2,311 posts
 
Watch out for the charge back policies of PayPal, not to mention the extremely high fees, which the seller pays. Remember if the seller charges it to a credit card, not paypal's in house financial shop, it leaves you with a 90 window of uncertainty if the buyer challenges your goods.
fingerpaws
51 posts
 
I have a friend who got burned by PayPal and there are a lot of web sites that tell horror stories of how folks are cheated, and how long PayPal may hold your money. I know many people use it, but there are risks you may not be aware of until something goes wrong. Proceed with caution, and make sure your shipment has to be signed for by the person receiving it.
More to discover