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?