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How secure is PayPal?

Discussion in 'Off-Topic Discussion' started by Bee22971, May 15, 2012.

  1. May 15, 2012 at 3:43 PM
    #1
    Bee22971

    Bee22971 [OP] Well-Known Member

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    Im selling my 07 Harley Davidson Night train. I have this guy who wants to buy it but won't call me. He wants to conduct all transactions over PayPal and email. My gut says obvious scam. But here is my question:

    If someone pays you via PayPal how long is the float before the actual cash confirmation catches up with the electronic marker from PayPal?

    I called my bank and they confirmed that when your using two different banks there is a float btw the electronic funds notification and the actual cash confirmation. (USAA members I did find out that when you send a payment through PayPal they deduct your account instantly.)

    Does anyone know how to ensure you don't get scammed via PayPal? Has anyone ever been scammed when shipping a product? If you are subject to a internet scam go to www.ic3.gov and report it. It's the intel/collection hub of all internet crimes.
     
  2. May 15, 2012 at 3:47 PM
    #2
    Doc35

    Doc35 Well-Known Member

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    I use PayPal all the time, in this case I wouldn't.
     
  3. May 15, 2012 at 3:47 PM
    #3
    medic2230

    medic2230 Ditch Doctor

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    I'd tell him if he wants it to come get it with cash in hand. No reason to not talk to a seller when your buying something, especially a vehicle.
     
  4. May 15, 2012 at 7:20 PM
    #4
    Simon's Mom

    Simon's Mom Wag More Bark Less

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    Yeah I have sold quite a bit of powersports on CL & ebay.
    I would take a small deposit non refundable $250 to hold but otherwise it is cash in hand/show up in person.
    Anything else is a scam.
     
  5. May 15, 2012 at 7:25 PM
    #5
    KenLyns

    KenLyns Lord of War

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    Can't Paypal be drawn from a credit card? In that case the buyer can do a CC chargeback within a month.
     
  6. May 15, 2012 at 7:29 PM
    #6
    KenLyns

    KenLyns Lord of War

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    Exact details of the sale needs to be in email or Paypal comments for record purposes, but you need to speak to the buyer over the phone. Filters out a good portion of scams that way.
     
  7. May 16, 2012 at 5:13 AM
    #7
    river rat 69

    river rat 69 Well-Known Member

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    NO Chrome,3" NFab's steps,TRD skid,Wet okie's.011 grill, k&n,5100's,All this comes right off when the old lady says let's go get a NEW ONE!!!
    There is a scam for everything, Face to Face on this one OP, IN God we trust all others pay cash for something over say 300 beans......Just my 2 cents.. Jim
     
  8. May 17, 2012 at 8:23 AM
    #8
    Bee22971

    Bee22971 [OP] Well-Known Member

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    Agree this was definitely a scam. Now my question is can I open a case and arrest them? Thanks for your guys advice and knowledge of PayPal.
     
  9. May 17, 2012 at 8:38 AM
    #9
    neontrail

    neontrail ✈ ✈ ✈ ✈ ✈ ✈ ✈

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    accept the paypal payment.... don't release the item until funds clear.

    make um wait.... or find out its a scam & take um down! Call SWAT
     
  10. May 17, 2012 at 8:51 AM
    #10
    Speed Freek

    Speed Freek Turbo lover!

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    I've bought a high dollar item a couple years ago when I received the part it was not as described, I was able to get a full refund, and it was 3 months later!

    Paypal has pretty good protections in place, but maybe you can actually call Paypal and ask them what the best next move is
     
  11. May 18, 2012 at 10:19 AM
    #11
    Bee22971

    Bee22971 [OP] Well-Known Member

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    I asked a buddy @ the FBI cyber unit to look into it. He also has a contact @ PayPal so hopefully I'll have answers to my questions soon.
     
  12. May 18, 2012 at 8:49 PM
    #12
    neontrail

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    nice work!


    fella has no idea whats coming to him!!! LOL:eek:
     
  13. May 21, 2012 at 2:42 AM
    #13
    coffeesnob

    coffeesnob Well-Known Member

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    I too have used paypal a lot. Have bought and sold several vehicles on ebay and have used paypal for the deposit. This sounds fishy to me. Seller beware.
     
  14. May 21, 2012 at 3:28 AM
    #14
    T@co_Pr3runn3r

    T@co_Pr3runn3r XXXXXXXXXXXXXXXXXXX

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    This........

    and that too. Safe not sorry is the way to go.
     
  15. May 21, 2012 at 3:56 AM
    #15
    6spdtaco

    6spdtaco Well-Known Member

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    I've purchased/sold quite a few items on Ebay and always use paypal. I've always had good luck. Other than face to face, cash transactions I think it is the safest.

    The one time I had a problem is when I won an auction for next to nothing and paid instantly with paypal. The buyer took my money, but then demanded nearly 3 times what they originally quoted for shipping(which was already paid for in the original transaction.) I immediately requested a refund to back out of the deal. The buyer gave me negative feedback and would not refund my money nor ship the item. 2 weeks later Paypal's resolution center had my money back for me.
     
  16. May 21, 2012 at 4:00 AM
    #16
    F75gunslinger

    F75gunslinger Ka like a wheel

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    Paypal has buyer and seller protection in place for anything over $25. I would contact paypal and see what kind of protection they offer. If you do decide to go that route,make sure you take a bunch of good high-res pictures ( if your camera has a date stamp on it then use it ) just in case. Good luck either way.
     
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