pay pal?

[ImBack]

I have a drag car on here for sale. Turned down a couple offers for paypal because id rather have cash. But thinking i need to just sell anyway i can. This safe? I sell lots of small stuff but never a car using paypal.

[Harbone]

Nope, cash only. To many different ways to get ripped off via Paypal on high dollar items like that!

[lively]

Nope, cash only. To many different ways to get ripped off via Paypal on high dollar items like that!

AGREEEEEEEEED !!!!! :oops:

[fast75vega]

Nope, cash only. To many different ways to get ripped off via Paypal on high dollar items like that!

AGREEEEEEEEED !!!!! :oops:

hell yeah...... cant beat cash.... just check all those bills for zerox paper...... lol :D

[zipper06]

I've sold a couple vehicles useing paypal but would only take a small nonrefundable deposit thru paypal, the balance had to be in cash at pickup, i've also gotten screwed by buying on paypal, i paid for an injection pump, then the seller didn't ship it and closed his bank account after taking my money out of paypal, plus it cost me $25.00 to file a complaint with Ebay. That was my first and only bad deal with paypal, then i started useing a credit card instead of my bank account to pay paypal, for double insurance.

Zip.

[ghustler]

I've sold a couple vehicles useing paypal but would only take a small nonrefundable deposit thru paypal, the balance had to be in cash at pickup,
BINGO, they have to come pick it up so someone can hand you the rest of the money.
I would have no problem sending $500 knowing thats all I can loose in the deal once I get there and it all goes bad.

[markdunlap]

I have 2 reaons I do not want to use paypal for selling or buying.

I purchased a set of new PRO TOPLINE/RHS BBC 320 heads from a individual using paypal. The guy threw in a set of titanium retainers, valve locks and valve springs to make the deal. He represented them as slightly used and complete.

What I got was a slightly used set of bare heads that were fully ported. They had some stains in the water jackets that showed they had been run a little bit. They were nice heads, just not new. He did not mention they had been ported. I am still using those heads today with no issues.

The retainers were Manley Super 7 as were the locks, but were short 2 retainners and 4 locks. They turned out to be obsolete number and Manley could not provide any to match them.

The springs were 2 short and were of 2 different kinds.

I still have the springs, retainers and locks if anybody has parts to match.

When I asked what the deal was, he just said I stole them from him so he was done with it.

Paypal said they tryed to get my money back, but he had removed all funds from his account.

As far as selling, I hear too many people say the buyer can complain to paypal and end up with your parts and your money if it is available in your account. I would like to know if this is true from someone with first hand knowledge or experience.

[ImBack]

Thanks guys I'll just wait till cash comes along!

[RonOwensRacing]

Mark this very much true i have lost almost five grand through pay pal.

Let me try to make it short i guy called and placed a order for a new set of heads . Here is how he got me he went and got a fake id card then he went to a mail box store and set up a account with them so they could sign for his packages then when we called and gave him the tracking number as soon as he seen the heads was out for delivery he filed a complaint with pay pal .

Pay pal as soon has he did that they took the money out of my account so after i heard of this i sent pay pal all the information showing they did delver the heads .

Well guess what they would not refund my money because he closed his account . Then after getting a detective involved that's when we found out that there was no such person he went to the dmv and checked they did issue the id card with out any proof of who this person was he told me that was common for a small town .

And one more thing about pay pal if you are a verified pay pal client if some one files a complaint and you don't have thew money in your pay pal account you gave them the right to take it out of your personal account.

So be careful or it could cost you a lot.

[coolracing]

Pay Pal is ok for small transfers but I myself will not use it for anything over 250 dollars way to easy to get screwed...

[lotsof454sss]

quick story...

A friend sold a $3000 guitar on Ebay and took PAYPAL...He shipped out...Buyer denied payment so seller was a had lad...Buyer kept the guitar and then for what ever reason the buyer sent the guitar back in the same condition as it sold!!!..

Of course the buyer kept it 3 months...I guess he was on tour and needed it or wanted to try it out.... Moral of the story...Cash talks and PAYPAL walks!!

I would say however it is good for a deposit with a time limit to come and get the item..

Also I would suggest a seperate account for sales only...If you do enough....

[ImBack]

Well i told him no but id do a bank transfer and he said no thanks he didnt do those. Sounded shady to me Thanks for the help.

[TheYellaBrick]

Bank transfers can be questionable as well....

[boxbuilder]

I use Pay Pal as a seller and love it. JMO.
I have never bought anything with it,just when I get the money from pay pal I send it to my bank.

[SuperComp1R]

I have used bank wire transfer for many years, never a problem. I set up an account just for these, transfer the money to another account as soon as it gets there, but the best deal is cash in hand.