Methods of Payment
- Thread starter JE54
- Start date
The Safest way is to first make sure that the person you are dealing with has a current and verifiable reputation of being aboveboard. The method of payment should be secondary to the verifying the currency of their reputation. A seller with no previous deals will only get paid if he is willing to ship first for my inspection or ship to an escrow agent for me. I do not care if he is selling something valued at $1000 for only $200. I need proof he can be contacted and is verifiable. ebay scams are fairly easy to pick out from the crowd just by looking at the feedback, feedback dates, and when the last verifiable transaction occured. If the person is legit and I am comfortable with them, I will send them a money order or cashiers check if they like, no big deal. The method of payment is really a non-issue with my transactions because I verify the seller or I don't buy from them, period. I recently cancelled a deal after I discovered that the seller had not sold anything in over a year, and that Paypal listed their Paypal account as "unverified". Big red flags went up with it being an unverified account and I backed out. I then discovered the seller was using a copy of another company's listed pictures for the same item. The seller never contacted me, even though I sent a message to them to contact me with an explanation of their unverified account if they wanted to complete the deal. It has been 2 weeks and I haven't heard a reply or demand for payment. It appears that it was a scam auction.
When selling, make sure of their current rep is verifiable and recent as well. Place limitations on your side based on their location, ability to be contacted, and what you are willing to do to secure the deal. Always ship and get signature oconfirmation by insuring the item for over $200 if shipping through the postl service. Never ship to certain countries such as Indonesia. Require payment be either Paypal, postal money order, or bank cashiers check. Never ship until the funds have cleared into your bank account unless you are completely confortable with the buyer and their reputation. I have dealt with people on eBay that I was so comfortable with that I shipped before receiving payment just based on their solid and current rep and sometimes having done business with them before. Some I have elected to accept personal checks from and shipped the day I received the check. Know your seller or buyer. That is the key. I have not been burned, but have burned many a scammer.
ps. There are many AZers, I would ship to without payment first to allow them an inspection first if they wanted. I can't begin to name them, but they probably know who they are. They wouldn't burn a soul because they are just good honest people. Then there are the others who, would have to transact with me through one of these as my escrow agent. And then there are those that I would have to send my Italian friends over to see to negotiate the deal.
When selling, make sure of their current rep is verifiable and recent as well. Place limitations on your side based on their location, ability to be contacted, and what you are willing to do to secure the deal. Always ship and get signature oconfirmation by insuring the item for over $200 if shipping through the postl service. Never ship to certain countries such as Indonesia. Require payment be either Paypal, postal money order, or bank cashiers check. Never ship until the funds have cleared into your bank account unless you are completely confortable with the buyer and their reputation. I have dealt with people on eBay that I was so comfortable with that I shipped before receiving payment just based on their solid and current rep and sometimes having done business with them before. Some I have elected to accept personal checks from and shipped the day I received the check. Know your seller or buyer. That is the key. I have not been burned, but have burned many a scammer.
ps. There are many AZers, I would ship to without payment first to allow them an inspection first if they wanted. I can't begin to name them, but they probably know who they are. They wouldn't burn a soul because they are just good honest people. Then there are the others who, would have to transact with me through one of these as my escrow agent. And then there are those that I would have to send my Italian friends over to see to negotiate the deal.
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How true...do your homework with a buyer/seller and you should have no problems to begin with...our_auctionguy said:
I've used Paypal numerous times on ebay to pay and collect.
If I sell something off ebay and they want to pay with Paypal, how do I give them my account so that they could make a deposit.
When paying off ebay, does a verified address come up after they pay?
As I will only send the item to the verified address.
Thanks
If I sell something off ebay and they want to pay with Paypal, how do I give them my account so that they could make a deposit.
When paying off ebay, does a verified address come up after they pay?
As I will only send the item to the verified address.
Thanks
All they need to do to pay your through paypal is make their paypal payment to your paypal email address. You registered an Email address with paypal and that is your account they submit payment to.JE54 said:
The issue, I ran into recently was that I processed the payment and noticed afterwards that Paypal listed the seller's account as "unregistered". I contacted them to inquire exactly what that meant and got sort of the run around, but the bottom line was that the seller had not fully registered or verified his bank account with them and they would not make payment to him until he did. That is when I decided to not leave my money in limbo with Paypal while this person had not confirmed his bank account with them.
Verification usually is the process where they deposit a few pennies in the bank account listed and only after the person with the account verifies back to Paypal exactly how much was deposited, they are not fully registered or verified. The danger in Paypal is as a seller where someone does a chargeback and gets their payment refunded back to them without your approval. Paypal can go nto your bank account of record and remove the money without your permission. That is why it is critical to deal only with people who are not likely to pull that on you.
There are a lot of scam artists on ebay that will open an account and make a few transactions for piddly amounts in sales or purchases to build up their feedback quickly. That is why I say it important to have recent verifiable transactions to look at. If you see a new account selling a $1000 item and the seller has only feedback on transactions for items he purchased or sold for small amounts like $10 and the total of those transactions never approached the amount you are about to transact, then there is a very high risk associated with sending this person $1000. He has no high dollar transaction history and you should avoid that scenario unless using a reliable escrow agent to be the middle man to hold your money until the item has been received and inspected by you or the escrow agent. If he is buying $1000 item from you, demand US Postal money order. If the person however, has a strong history of verifiable transactions in the hundreds of dollars from recent auctions, then the risk of transacting with Paypal is substantially lower.
Using current AZB members for example, the likelihood of a scam happening with Bamacues is as close to zero as you are going to get on this board. Members who have red marks or negative itraders..... well you might want to think twice or three times and deifnitely cover yourself from loss if you transact with them. Like was said by the other poster. Do your homework.
Here is an example of someone on AZB that had to send their cue before getting paid to get he deal done because of their previous bad reputation on deals. The buyer has had a good reputation and the seller doesn't, so the buyer require the cue be shipped first before sending payment. check the thread out.
http://forums.azbilliards.com/showthread.php?t=97630
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