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    Receiving money on Paypal

    I am selling some stuff on sphock and the buyer has asked that I post the item to him in the post and he will pay me money into my Paypal account.

    I have never received payment from someone into my Paypal before so I don't know if you can withdraw the money easily? I know you can keep the credit there for future purchases but I don't really want credit in my Paypal account and would rather withdraw the money.

    Would a buyer get protection if they pay you by Paypal? Is this why he has suggested that he pays by Paypal rather than BACS?

    15 Comments

    Sounds like a scam to me. Say cash on collection only.
    They could get item delivered to different address than Paypal address and then claim account hacked.

    Always thought Spock was a face to face thing.

    there are two ways you can receive money using paypal. 1- as a gift or transfer and 2- as an invoiced sale.
    #1 gift transfer, the buyer do not get any protection. you get money instantly and you can then ask Paypal to transfer it to your bank account instantly (yes you will have to press a button on paypal to make the transfer to bank account)

    #2 as an invoiced purchase, here the buyer has protection and paypal can clawback the money from you if the buyer wins a dispute. Like before the money gets to paypal which you need to transfer to bank account by pressing a button. Bear in mind that in this case you will also be liable for Paypal fees. you sell for £100, buyer sends £100. paypal fees £x. you will actually get £100-£x.

    If you attach a bank account to your paypal you will be able to withdraw the money to your bank. As for buyer protection this will only be applicable if they pay you and select pay for a service or goods, which will in turn have a fee as a % which is deducted by from the payment. If you get paid by a PayPal gift, you wont be able to use the protection. Plus make sure you send it via a traceable source ie Royalmail Signed for.

    agree to the post above, unless you do business, best do face to face transaction.

    worst case if you have to post, always post to paypal "verified" address only. and only after you receive the payment first.

    Original Poster

    Thanks for the responses guys. I will ask him to pay me by BACS, that way he takes the risk not me. Else he comes and collect but he does not live near me.

    mutley1

    Thanks for the responses guys. I will ask him to pay me by BACS, that … Thanks for the responses guys. I will ask him to pay me by BACS, that way he takes the risk not me. Else he comes and collect but he does not live near me.



    ​mutley under no circumstances use paypal for this transaction u will be left in a lurch this is the oldest scam in the book after receiving item they will get there money back either by claiming item not as described or my account has been hacked trick or it maybe paid from a actual hacked account.

    mutley1

    Thanks for the responses guys. I will ask him to pay me by BACS, that … Thanks for the responses guys. I will ask him to pay me by BACS, that way he takes the risk not me. Else he comes and collect but he does not live near me.



    ​where ya been mutley.

    Most buyers and sellers use PayPal.

    As a buyer, always send the item to the buyers registered PayPal address using a trackable method of delivery such as Hermes or Royal Mail.

    You will see the sellers address on the PayPal receipt that you will have received by email or on the transaction page via your PayPal account.

    If you are selling high value items for example phones, jewellery and TV's etc, always insist on cash on collection.

    PayPal is a sellers enemy.
    All about needs to do is claim they didn't make the purchase of their card was stolen. End result they get the goods and a refund.

    Naturally cash in the hand is always best but millions of people use Paypal via ebay and all sorts of places. I've used it for private and business must have taken £100k at least and never once had a reverse take place. You should be governed by the buyer's past history, get a receipt of posting and only accept or send money to a verified paypal account. Here's how to check;

    . First you need somebody's email address...
    ( Let's use potato @ potato.com as an example. )

    2. Go to PayPal, and log in

    3. Copy and paste this url:
    paypal.com/ver…ame @ emailhost.com

    4. Replace "username @ emailhost.com" with the person's email address
    ( In the example, it'd be paypal.com/ver…ato @ potato.com )

    5. The resulting page will show whether or not that email is linked to a verified PayPal account.
    ( It will show potato @ potato.com is NOT Verified in bold, red letters. )

    had a sale on shpock with paypal as the method for posting. accept the offer and send your email address or get theirs and send an invoice. only post when you get the funds. tell them to add a paypal note with thier address and what its for.

    Original Poster

    shadey12

    ​where ya been mutley.



    been otherwise occupied I see you got an avatar now. Can't make out what it is

    Original Poster

    so guys. I asked the bloke if he is London at any time as I am often visiting London and I am gonna meet him next week in London and just give him the stuff face to face. Problem solved.
    Edited by: "mutley1" 23rd Feb

    mutley1

    been otherwise occupied I see you got an avatar now. Can't make out … been otherwise occupied I see you got an avatar now. Can't make out what it is



    ​avatar thing on your advice, hope your keeping well, thought you'd emigrated or got incarcerated.

    shadey12

    ​avatar thing on your advice, hope your keeping well, thought you'd e … ​avatar thing on your advice, hope your keeping well, thought you'd emigrated or got incarcerated.



    I think she might have got married as a husband seems to have just appeared on the scene after 6 years.
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