So i just listed and sold my old truck within 15 mins on Ebay
The buyer is insisting on paying using Paypal. Personally I've had an issue as a seller using Paypal in the past. but only once. I know the fees to the seller are high (2.9%) which I'll add to the final cost.
Curious if other members have concerns using this as a form of payment?

Thanks in advance for all input.

I sold a truck that's why I'm asking here

 

as a side job I'm president of a non profit and we accept paypal. Process about 25K a year. Other than fee consideration has worked well.

surprised with comment about adding fees to final cost- would have thought purchase terms would have been spelled out in the listing.

in any case good deal on selling it so quick

 

I wouldn't be afraid of using PayPal at all. Just hang on to your truck until payment has cleared. The only thing safer than PayPal is cash.

 

Generally on eBay you can't add the fees after the sale, it's bad practice. Like sport90 said its supposed to be added into the listing before hand.

But PayPal is pretty safe, they provide protection for the buyer and the seller, I'd rather take payment from that than a credit card any day.

 

Personally cash in hand! There's ZERO reason you can give me to make Paypal a choice over cash in hand. I mean he has to pick up the truck up why not give you cash at that time. A deposit via Paypal is fine but not payment. That's just my 2 pennys.

Wayne

 

I can think of several reasons, for both the seller and buyer, to go PayPal over cash. I'd never do cash. Never. Too many horror stories about Craigslist and Kijiji cash deals turning into a nightmare for the buyer or seller.

Several years on eBay as a buyer and seller, only ever one issue with PayPal and that was as a buyer. I was in the right, but I had to fight tooth and nail to get my money back. PainPal is definitely on the side of the seller by default, after all you pay them

You should be good accepting payment in full through PayPal. Though, as noted, and when I was last active on EvilBay, you can't actually charge the buyer your PayPal fees. It is (or was) a listing violation. Now, if, just as an example when the buyer shows up, you come to an understanding of some kind re consideration for the fees, well, who's to know right

 

What kind of nightmare. Buyer comes, gives cash and drives off. It's the way sales have been done for hundreds of years. What issue is there?

Wayne

 

PayPal users have 90 days to request their money back after a transaction, and there is really no protection for the seller.

 

Buyer gets home with truck, realizes it wasn't as described, so it adds protection to him in that area. it also gives proof of sale, seller reports truck stolen later saying buyer never paid, it's harder to prove a receipt of cash than a Paypal transaction. Protects against counterfeit bills. Times aren't what they used to be, and there's bills out there that'll pass the marker test and looking for a watermark. There's a lot of things that can go wrong on both parts of the sale, those are just what come to mind first.

Also the op never said if the buyer is picking up the truck or having it shipped to him, if its being shipped PayPal is easier besides a direct bank transfer, but most people don't wanna give out their bank info for good reason and it ties to the eBay listing which again links back to proof of sale.

 

Well as a recent, too close to home, example...

The son of a local needed some cash for the rent while away at university. So he posted an ad and sold his computer on Kijiji (Canada's Craigslist). Met in a public place and dealt in cash, as Kijiji "advises" (practically insists is the ONLY way).

Right after the meet he was mugged and robbed. Coincidence? Hardly. The thieves targeted and stole his computer, plus what he had besides what they "paid" (baited) him with. They didn't have to go to the risk of breaking in and hoping to find something they could sell. They just looked online, found what they wanted, and probably even pre-sold it to their fence before the meet. The kid was lucky all he lost was his cash (not counting the bait money) and computer.

And I've heard similar stories before, both of Kijiji and Craigslist deals. I'm sure a simple net search would turn up hundreds if not thousands. And it can work the other way around too and the buyer gets mugged. Why would anyone want to risk a cash deal in today's society if there is a safer simple option like PayPal available?

 

Opinion?

Doesn't match my actual experience. PayPal is on the seller's side in any dispute, big time. It is all on the buyer to prove, to a ridiculous degree in my opinion, they have a case for being reimbursed. And they have to return the item, at their expense, with proof of delivery, to the seller before PayPal will even BEGIN to process the "request" for a refund. And the seller has several easy ways to thwart the refund. It is probably a little different for eBay Motors, in respect to how it is processed, not I expect in how hard it is for a buyer to be refunded and how much PayPal backs the seller.

No my friend, it is NOT a simple "request and it shall be done" to get your money back from a bad seller through eBay/PayPal. It took me something like 4 months and cost me nearly what I'd originally paid before I finally got my money back, and PayPal almost didn't rule in my favour despite my having everything in order, because the seller did nothing but ignore the open case until it went away. PayPal actually CLOSED my case ruling in the seller's favour. I had to fight to have it reopened and have PayPal actually LOOK at what it was about before they opened their eyes and admitted they shouldn't have closed the case and that I deserved my refund.

 

All great advice and info! Thanks everyone! And like usual, opinions are like ***holes, everyone has one! lol
My gut feeling from the beginning was that something smelled bad. I told the buyer that I'd be sticking with the original terms of certified cashiers check or money order. When they explained that they don't have internet because they work on an oil rig and yet she was able to use paypal and ebay it furthered my suspicions. I might be wrong and she might be totally honest but my instincts usually are spot on.

 

Hmm, does sound a bit dodgy at that. There were a few cases of eBay/PayPal identity theft and other crooked scams going on at one time. PayPal should have fixed that by now but...

Certified cheque is a good way to go for security, as long as you know what one looks like so you can spot a forgery. Or the buyer is willing to complete the deal at a bank so you can deposit it first and the bank looks at it (not a drop deposit).

Check out the user forums on eBay (seller forums) and post your questions there too. The people there always used to be very helpful and in the know about all the latest dodges and they might be able to help confirm or lay to rest your concerns.


And a good thing too, or we'd all explode from holding in both our opinions and...

 

HAHA well said!

 

Not opinion, a very real possibility. I'm not saying everyone does it, but it is a very well-known scam. I win your auction, I send you money with PayPal, you post good feeback for me, I file a fraud complaint with PayPal, they take my side and refund my money that they take back from you. Sometimes, they require that I show them a shipping receipt to send back to you, so if they do, I go get a shipping label, then just never actually ship it back. Seller is screwed, PayPal will take the scammer's side every time and leave you up the creek. I'm not saying it's easy, but people work hard to scam you.

http://jakebillo.com/more-scams-how-...-using-paypal/
http://www.tomchuong.com/2008/04/22/...-away-with-it/
http://www.reddit.com/r/tf2trade/com...am_for_server/
http://www.reddit.com/r/Bitcoin/comm...aypal_bitcoin/
http://www.hotscams.com/articles/paypal-reverse-scam/
http://www.epinions.com/review/finc-...880022148?sb=1

For what it's worth, I use PayPal, but not for large transactions. I'll take my chances with it for the nickel-and-dime crap that I buy and sell.