Someone's offered to buy my Mac Pro that I listed locally and has said they'd like to pay via Paypal. Is there anything I should be aware of or watch put for?
Someone's offered to buy my Mac Pro that I listed locally and has said they'd like to pay via Paypal. Is there anything I should be aware of or watch put for?
If you do not *SHIP* it to their PAYPAL CONFIRMED address (which will be in the email PayPal sends), you have no protection.
If you DO *SHIP* it to their paypal confirmed address, you'll join the 99.99999% of others who have no problems with large paypal transactions.
If it's local pickup, it's 50/50 you're being scammed.
You are very wrong in the case of a large sum of money. You were about to send the OP into severe danger of a very easy scam.
If you accept above $250, whatever you ship must be signed for. You must have signature, otherwise the person only need claim that they didn't get it and paypal will give the buyer their money back.
So no, a confirmed address is not the only thing necessary. I suggest anyone who thought differently read PayPal's terms very carefully.
That's right. Happened to me once with an iMac, sold it, didn't require sig (stupid me), then the guy did a chargeback and, PayPal gave him his $$$ back. Since it's a local pickup, make him pay w/ cash. That's what a lot of sellers on eBay do.
He is right if the guy is going to pick it up make him pay cash.
If you ship it make sure it is the verified Paypal address and get a signature.
Everything else is taking a huge risk.
Isn't the solution to avoid getting scammed on Paypal via chargeback is to NOT keep money in your paypal account? I ALWAYS deposit anything in Paypal directly to my bank account the moment I receive payment for something. Paypal can't go into your bank account and retrieve funds that way right?
Isn't the solution to avoid getting scammed on Paypal via chargeback is to NOT keep money in your paypal account? I ALWAYS deposit anything in Paypal directly to my bank account the moment I receive payment for something. Paypal can't go into your bank account and retrieve funds that way right?
I personally have a completely separate bank account (at a different bank than my others) for paypal only. I fund my purchases via my american express card due to the card protections, and when receiving money, I promptly send it to the bank account and then transfer it out as soon as it clears.
This still doesn't protect you from chargebacks as your bank account that you use strictly for PayPal will go into the negative subjecting you to fees and other issues with your bank.