PayPal
 

Guys I might be selling my 70 Camaro and a potential buyer has asked to pay via PayPal. I have never delt with this and was woundering how secure it might be?

Thanks

It is definitely "secure" but one complaint that is not uncommon is the dispute resolution is questionable if something comes up.

I would take a paypal payment as a deposit (have sent this way and received this way personally) but on a larger purchase like a car I would insist on a bank wire or cash.

:yes:

THANKS you guys!!! It is amazing how many people are wanting to buy it without coming to look at it. I personally would want to look at something before I sent $.

I've been finding the same thing with mine. I wish they would come see it.

So do I....I just received 2 e-mails from different people saying they were Oceanographers and couldn't see the car in person due to that, but wanted a paypal account to send $ to and an address to have car picked up at. Very peculiar.

Becareful that there are no fees incured by you for using the paypal account. Not sure which direction fees are charged maybe both. Could be a lot of money.

Just sold a car, what a pain in the a$$ dealing with people all over the world, most people I delt with wanted me to take near 100 shots of the underneath of the car and all around. Have to admit if you dont sell the car through ebay, it is an awesome advertising mechanism. Chances are someone local to you guys may be in the market for a car and looking on ebay.

If I have to do it again, Im just gonna give it away :faint:

Rich

Scammers 100% very common

Yep, that's a scam. I'm talking about actual buyers making offers without personally seeing the car.

RUN RUN RUN

NO PAYPAL

If someone wants to buy something from you on Paypal and you ship it to them and they claim they never got it even with signature from USP they get their money back. Paypal needs to fix it policy’s as this stuff happens daily.

If someone wants to buy your car $500 deposit only the rest wire only that way you have the cash with no questions because if they dispute the charge they get the money back 10-10 times.

With all the scams going on its getting so bad for us businesses. We shipped a set of Door panels to a customer, HE SIGNED for them and then told the CC company that he never got them and the CC company contacted us. We sent over the signature from UPS stating that he signed for them at his front door at 3PM and they still took the money back from us. Nothing we can do about it we are still fighting it today and they told us don’t like it don’t use them.

IF IT SOUNDS TO GOOD TO BE TRUE IT IS, there are more scamers right now then ever before so watch out.

Check out https://www.escrow.com/index.asp

I sold my Nova to another lat-g member using it. He suggested it. The buyer sends them the money, once the car is received they release the funds. It worked well for us. But I did arrange for him to release funds the day the car shipped. I felt a little more secure about that. If there are no surprises and both buyer and seller are comfortable with the transaction, you should be able to work this out.

The only thing about paypal is the limit on a single transaction. You wont be able to do much over $2500 and then paypal can put a hold on the amount. This results in the buyer having to make several small payments. I've also been through that and its no fun.

Nothing beats cash in person!

Good luck with sale.

Again, thanks to all for commenting. I ended up having 8 e-mails from different names asking to buy the car site unseen through paypal today. Once I responded to all that it would be a cash only deal the e-mails stopped.

Direct bank to bank transfer is the only way to fly if not doing the transaction in person.

Paypal for a small deposit only. I got nailed on two NOS fenders by a buyer claiming the fenders I shipped were damaged, but wouldn't allow UPS to inspect so I could collect for the "damage". PayPal sided with the buyer and I got nailed for 1/2 of the price. I'll never use them again unless I know the buyer or he's an established Lateral-g member.

In person. cash. period.

Rich If you mean the red car I'll be right there with bells on!

I will agree with the others and say $500 deposit via Paypal is fine, but do a wire transfer for the rest.

If you have the buyer "gift" the money to you, then you aren't charged any fee's and he has no recourse or power to file a claim on 'gifted' money. So that's another option for leverage.