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#1
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Accepting a pay pal payment
I'm selling a coulple rare volvo parts, and the buyer is overseas. With this he said that he would like to pay me by pay pal. I really do not have any experience with this system, so any advice would be appricaiated. Also, Is this a safe thing for me and also are they going to charge me a fee for this? Thanks for any information,Nick.
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#2
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Paypal is the way to go on Ebay. No waiting for the mail, no bouncing checks. You get immediate payment and a record of the transaction. You also get charged a fee, but it's well worth it because the money is in your hands and not the mail. I won't buy from sellers who don't accept paypal. It's just not worth the hassle of adding another week or two for the money to be exchanged.
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Question Authority before it Questions you. Last edited by 450slcguy; 06-11-2007 at 09:56 PM. |
#3
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Great for overseas use since you don't have to hassle with the exchange issues.
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1977 300d 70k--sold 08 1985 300TD 185k+ 1984 307d 126k--sold 8/03 1985 409d 65k--sold 06 1984 300SD 315k--daughter's car 1979 300SD 122k--sold 2/11 1999 Fuso FG Expedition Camper 1993 GMC Sierra 6.5 TD 4x4 1982 Bluebird Wanderlodge CAT 3208--Sold 2/13 |
#4
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Another thumbs up for PayPal from me. I was one of their first members, back when they used "Scottie" from Star Trek to hawk their service and paid you $10 for each new referral you sent their way. Imagine that - PayPal paying us, not the other way around? My how times have changed!
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08 W251 R350 97 W210 E320 91 W124 300E 86 W126 560SEL 85 W126 380SE Silver 85 W126 380SE Cranberry 79 W123 250 78 W123 280E 75 W114 280 |
#5
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Quote:
That hasn't stopped me from accepting PayPal from folks overseas, but I did so with awareness of the potential risks. They were almost all individuals for whom credible historical information was available, too, so I had some confidence that they were on the up and up. I had no problems with those buyers. |
#6
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I use Paypal, but with my Visa card. I figure if anything goes wrong I can try to get satisfaction from Paypal first, then bring Visa in.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#7
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I've received overseas payments from Paypal for my biz (non-Ebay transaction), without a problem. Fees are posted on Paypal's website.
It's cheaper than sending or receiving a wire transfer, and there's no currency exchange costs (IIRC). If you're thinking of a check as an alternative, don't accept a check unless it's in US funds from a US bank, because the fees will co$t you. |
#8
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Ditto on the PayPal comments thus far. I've done several auctions "PayPal Only" just for the additional layer of security it offers. Don't feel obligated to sell overseas either if you're not comfortable with the prospect. I generally do U.S. only sales depending on what I'm hawking just because of the ocassional hassles involved with shipping.
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
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