receiving paypal payment
so i finally sold my T1R 60RT exhaust,
this is my first non-ebay non-local sale.
is there anytying to watch out for to protect myself?
I never received paypal payment other than ebay sale, so I guess I'm noob at this..
Is your paypal verified with your bank account?
- So you can transfer funds upon receiving them
Have the buyer send you the money to your paypal account. The funds should reflect pretty quick. Immediately transfer funds to your back account. Your paypal account should have no balance. It can take up to days for the funds to reflect in your bank account *basically the money is in space right now* (like when you pay a credit card online, it does not reflect right away). Usually it's safe to send your product at this point, but to be absolutely safe on your end, wait till you see the money in your bank account before sending.
*make sure you link your paypal to your bank account and don't have the funds transferred to a credit card (this is also a form of protection)
**there is also a 3% paypal fee...I think it can be waived if the money is sent as a gift? I never tried that so heads up to your buyer.
- So you can transfer funds upon receiving them
Have the buyer send you the money to your paypal account. The funds should reflect pretty quick. Immediately transfer funds to your back account. Your paypal account should have no balance. It can take up to days for the funds to reflect in your bank account *basically the money is in space right now* (like when you pay a credit card online, it does not reflect right away). Usually it's safe to send your product at this point, but to be absolutely safe on your end, wait till you see the money in your bank account before sending.
*make sure you link your paypal to your bank account and don't have the funds transferred to a credit card (this is also a form of protection)
**there is also a 3% paypal fee...I think it can be waived if the money is sent as a gift? I never tried that so heads up to your buyer.
Umm...make sure you read up on the countries too cuz I did everything mentioned on here and I got screwed out of $400 for something I sold and it came back and I had to pay back while the bastard had my item cuz they cant do anything about certain countries. (During my beginning days of sellin stuff.)
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vodalus
Archived Member S2000 Classifieds and For Sale
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Jan 12, 2004 07:28 PM





