The eBay buyer wants to pay me using Paypal Gift - should I accept? - HotUKDeals
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The eBay buyer wants to pay me using Paypal Gift - should I accept?

£0.00 @ eBay
I am selling a £700 bike on eBay and a buyer is interested in purchasing it. At first he said if I would accept £700 in cash. I said I only accept Paypal transactions to protect myself and the buye… Read More
CMYK91 Avatar
2y, 6m agoPosted 2 years, 6 months ago
I am selling a £700 bike on eBay and a buyer is interested in purchasing it.

At first he said if I would accept £700 in cash. I said I only accept Paypal transactions to protect myself and the buyer.
So the buyer is now offering to pay for the bike using Paypal Gift so I can avoid the Paypal fees (which would be £90!). It's an attractive option but I'm hesitant.

Usually this is a risky thing to do for the buyer as it doesn't prove payment of the bike. I'm a very trustworthy seller but it seems very considerate for him to offer that option without a setback. Also I heard you could have your Paypal account terminated doing this.

What are your opinions?
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CMYK91 Avatar
2y, 6m agoPosted 2 years, 6 months ago
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(21) Jump to unreadPost an answer
Responses/page:
#1
What is his feedback? PayPal gift only favours you so why would he offer it without a discount. Very fishy, I would with that value item find another buyer and only do cash on collection and make sure the cash is genuine. Too high valued prone to scammers. He sure sounds dodgy
#2
Surely cash offers more protection for you.He can do a chargeback on Paypal gift.
#3
Your first instinct is right: stick with paypal and maintain your seller rights.
#4
i would go with a bank transfer if possible. see if he agrees. anything of this much value i would be cautious of paypal. If the buyer has good feedback then i would consider it.
#5
Bank transfer or cash; paypal wont protect you.
#6
if you sell on ebay you have no choice pay pal transaction is done automatically and always done with fees. If you do it cash at the door safest way. Pay pal gift is for small payments not for big sales like that get him to do a BACs bank transfare. if hes genuine he will agree as this is safest for you the seller. If he refuses then me personally I would not go through with the sale as all the risk is with you if he turns out to be a wrong un. If you still want the sale ask him to prove his trustworthiness by sending you a message on ebay so you can check out his account is legit and what feedback he has. then get his address google street view it and home phone number so you van ring him and talk. But even after all this is still comes down to how much do you trust him Or go 50 / 50 on the fees.
#7
I think PayPal fee is about £24 but surely cash on collection is better for both parties. Buyer sees bike seller sees cash. No chargeback possible. £90 would nearly cover eBay fees too. Is he doing deal outside of eBay?

Edited By: developers on Jan 03, 2015 16:01
#8
Firstly, PayPal fees are not £90 for a £700 transaction.

Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.

Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.


Edited By: joshp on Jan 03, 2015 16:05
#9
developers
I think PayPal fee is about £24 but surely cash on collection is better for both parties. Buyer sees bike seller sees cash. No chargeback possible. £90 would nearly cover eBay fees too. Is he doing deal outside of eBay?

The reason I'm wary of cash offers is thiings like counterferit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.

He is a buyer and a seller and has good feedback. He's beenon eBay since 2002. He's sold expensive items including a £200 bike and £1000 guitar. I was thinking he understood the fees Paypal charge and was being considerate but still I'm cautious.
#10
Why would they not want to pay by cash being that they are picking up??? However if they claim that they dont want to carry that amount of cash on them, fair enough just met at a bank.

GOD how did people live before paypal
#11
joshp
Firstly, PayPal fees are not £90 for a £700 transaction.

Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.

Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.


I was using a eBay and Paypal fee calculator and that's the charge they gave me. If it's really as little as £24 in total I'd just use Paypal normally but as others have said Paypal benefits the buyer only.

The reason I didn't want to accept cash is for things like counterfeit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.
#12
CMYK91
joshp
Firstly, PayPal fees are not £90 for a £700 transaction.
Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.
Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.
I was using a eBay and Paypal fee calculator and that's the charge they gave me. If it's really as little as £24 in total I'd just use Paypal normally but as others have said Paypal benefits the buyer only.
The reason I didn't want to accept cash is for things like counterfeit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.

With eBay fee's included then yes, the fees would be that high. If you are really worried about cash then accept payment by bank transfer. Accepting payment by PayPal rather than cash is much more risky.

I feel sorry for the poor buyer who just wants the bike.



Edited By: joshp on Jan 03, 2015 16:17
#13
developers
I think PayPal fee is about £24 but surely cash on collection is better for both parties. Buyer sees bike seller sees cash. No chargeback possible. £90 would nearly cover eBay fees too. Is he doing deal outside of eBay?

Paypal fee is £24 but the eBay Final Value fee is £70. I'm using this calculator: http://ecal.altervista.org/en/fee_calculator/ebay.co.uk/breakdown.php

I wasn't aware of chargeback. I'll avoid! He is an ebay buyer and seller with good feedback and has been using ebay infrequently since 2002.
#14
joshp
CMYK91
joshp
Firstly, PayPal fees are not £90 for a £700 transaction.
Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.
Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.
I was using a eBay and Paypal fee calculator and that's the charge they gave me. If it's really as little as £24 in total I'd just use Paypal normally but as others have said Paypal benefits the buyer only.
The reason I didn't want to accept cash is for things like counterfeit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.

With eBay fee's included then yes, the fees would be that high. If you are really worried about cash then accept payment by bank transfer. Accepting payment by PayPal rather than cash is much more risky.

I feel sorry for the poor buyer who just wants the bike.



OK I'll propose using bank transfer, if he declines, which would be fishy to me, I'll accept cash.

Better to be safe than sorry. Losing £700 is not on my to-do list.
#15
MrMan2011
What is his feedback? PayPal gift only favours you so why would he offer it without a discount. Very fishy, I would with that value item find another buyer and only do cash on collection and make sure the cash is genuine. Too high valued prone to scammers. He sure sounds dodgy

He has good feedback as a seller and buyer and has been using eBay since 2002, though infrequently.

I'm now considering either bank transfer or cash. Thanks for the advice everyone.
#16
I would go with cash on collection. because paying by paypal you need proof of delivery doing it correctly with fees,so no good for collection, i would have thought paypal gift was more of a risk to the buyer rather than you as he wont be covered.
It's really tricky but there's only a small percentage of dishonest people out there. Just makes you extra cautious.
#17
joshp
CMYK91
joshp
CMYK91
joshp
Firstly, PayPal fees are not £90 for a £700 transaction.
Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.
Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.
I was using a eBay and Paypal fee calculator and that's the charge they gave me. If it's really as little as £24 in total I'd just use Paypal normally but as others have said Paypal benefits the buyer only.
The reason I didn't want to accept cash is for things like counterfeit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.
With eBay fee's included then yes, the fees would be that high. If you are really worried about cash then accept payment by bank transfer. Accepting payment by PayPal rather than cash is much more risky.
I feel sorry for the poor buyer who just wants the bike.
OK I'll propose using bank transfer, if he declines, which would be fishy to me, I'll accept cash.
Better to be safe than sorry. Losing £700 is not on my to-do list.

I understand, £700 is a fair amount of money. However you must be very new to selling second-hand goods.

I sell a large amount of second-hand goods each year, including some of high value (upto £2000) and I much prefer cash or bank transfer. PayPal is a last option and I would not accept it for anything over £200.

Also never go by someones eBay feedback. It is rather manipulated nowadays and really should not offer any reassurance however 95% of people are genuine, you only occasionally get the odd tool.

In selling I've had more people pay me to much than give me to little. I ALWAYS thoroughly count the money in front of them regardless and on the occasions it has been too much I give back the extra (yes, I'm honest) and when to little I believe 80% of the time its a genuine mistake but I've always ended up with the correct amount.

I've sold many items on eBay but not of this value.

I'm now aware Paypal offers no protection for seller so I understand having an alternative option for more expensive items.

I don't take it much into account into feedback to be honest but it's something.

Knowing you have experience of receiving cash payments just minor implications is reassuring. Do you usually meet at your house to receive the payment? He suggested meeting at a train station which I was reluctant to do since it's inconvenient for counting huge amounts of money. Perhaps too cautious but still a point.
#18
CMYK91
joshp
CMYK91
joshp
CMYK91
joshp
Firstly, PayPal fees are not £90 for a £700 transaction.
Secondly, PayPal gift has no cover, they could easily claim the funds back. I would avoid this.
Thirdly, accept cash on collection. This is the safest option and you choose to avoid this? You would be mad not to accept this offer if you are happy with that amount.
I was using a eBay and Paypal fee calculator and that's the charge they gave me. If it's really as little as £24 in total I'd just use Paypal normally but as others have said Paypal benefits the buyer only.
The reason I didn't want to accept cash is for things like counterfeit money, it being the wrong amount or my bike getting stolen but then again those are fairly bizarre circumstances.
With eBay fee's included then yes, the fees would be that high. If you are really worried about cash then accept payment by bank transfer. Accepting payment by PayPal rather than cash is much more risky.
I feel sorry for the poor buyer who just wants the bike.
OK I'll propose using bank transfer, if he declines, which would be fishy to me, I'll accept cash.
Better to be safe than sorry. Losing £700 is not on my to-do list.
I understand, £700 is a fair amount of money. However you must be very new to selling second-hand goods.
I sell a large amount of second-hand goods each year, including some of high value (upto £2000) and I much prefer cash or bank transfer. PayPal is a last option and I would not accept it for anything over £200.
Also never go by someones eBay feedback. It is rather manipulated nowadays and really should not offer any reassurance however 95% of people are genuine, you only occasionally get the odd tool.
In selling I've had more people pay me to much than give me to little. I ALWAYS thoroughly count the money in front of them regardless and on the occasions it has been too much I give back the extra (yes, I'm honest) and when to little I believe 80% of the time its a genuine mistake but I've always ended up with the correct amount.
I've sold many items on eBay but not of this value.
I'm now aware Paypal offers no protection for seller so I understand having an alternative option for more expensive items.
I don't take it much into account into feedback to be honest but it's something.
Knowing you have experience of receiving cash payments just minor implications is reassuring. Do you usually meet at your house to receive the payment? He suggested meeting at a train station which I was reluctant to do since it's inconvenient for counting huge amounts of money. Perhaps too cautious but still a point.

I personally only offer collection from my house. I feel more comfortable that way counting out large sums of money.

I have once or twice met people for amounts between £200 and £500. I do however meet in public places where people are and always have been on my bike in case I need to go quickly as I'm always on my own when selling items.

These however have only been occasions where I was desperate to sell items and would rather avoid them.




Edited By: joshp on Jan 03, 2015 16:45
#19
If you are worried about fake banknotes, why don't you get one of those pens like they use in shops to test notes, Staples sell them for 3 quid



Edited By: mikey_d on Jan 03, 2015 18:59
#20
at this point i think i'm just re-iterating what's already been said:

3.4% of £700 + 20p = £24.
ebay fees = 10%

even seasoned users can scam you if they see you've missed a trick. don't fall for that

cash has risk of fake notes. check every note and use a UV light if you have to

meet in a neutral venue if possible, you don't want them seeing your house

bank transfer is the hardest to fake or reverse

if you accept PPG, they can still claim account was hacked
if you accept PP from anyone (even a conventional payment) and they pick up the item, they'll say it wasn't received, eBay will ask for your tracking info and you'll be screwed

a good way of testing their genuineness is to act naive and suggest a couple of other options. if they are insistent on PPG (which is a bit strange for a buyer to offer), then there's probably a reason why
#21
Why even put the bike on eBay if you are suspicous of everyone, seems the buyer can't do the right thing no matter....FFS take cash and be done with it....fecking internet making everyone a possible criminal for no reason....if you have a brain then no chance of being ripped off....

GOD how did people live before paypal

I know, it's a joke, people have forgotten they used to think for themselves....not directed at you CMYK91 but the internet has made people into morons....

Edited By: Likely2 on Jan 03, 2015 20:44

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