Aga now sold, how should I take payment?

ShawWellPete

ShawWellPete

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As discussed here I put an Aga up for sale on Ebay. It is the first thing I have ever sold on ebay and it has gone for quite a lot of cash (over £2000).

I keep hearing horror stories, the most recent one in another forum about somebody who sold a camera body for £1000 and the peorson wanted to pay by pay pal and collect. The seller checked that the funds were in his account and gave buyer the camera. It then transpires that the money was paid from a hacked account and paypal took the money back! The seller was left with no camera and no cash.

My buyer obviously has to arrange for collection. What is the safest method of payment for both of us?

Thanks, in advance, for your advice,
 
I sold a lens on ebay last week for 1700 quid.. met the guy in a service station on m6.. pound notes for lens as they say ...
 
cash on collection is probably the safest, or cheque then wait till its cleared then let said buyer come and collect, or bankers draft which is as good as cash these are probably your best options

hope this helps

lawless
 
Cash only - on collection.

If you take a Paypal payment and the buyer is dishonest he can attempt to retrieve his funds after he's collected. He could even claimed he hasn't received the goods and you would have a hard job convincing Paypal that he had.....

It's mad, but you are safer with cash for this amount.

Cheers, :thumbs:

Neil
 
Yes, as above, cash all the way !!

Think of it as selling a used car, and print of 2 receipts for you both to sign. one for him and one for you !!

Overkill maybe, but it'll only take 2 mins to draught, and at least you'll have some proof of the sale...
 
Cash...............but you have to accept PayPal if the buyer wants to pay that way (eBay rules).
 
JumboBeef said:
Cash...............but you have to accept PayPal if the buyer wants to pay that way (eBay rules).
Click to expand...
no you dont - just refund the payment - if you dont send it you dont paypal it...(unless you want to paypal to have a lot of money for not doing anything for you - you will not even be covered by paypal protection...)


if the buyer is not happy with this find another buyer, and block the original buyer from the sale
 
I'd have to say, if the buyer is serious, he won't mind paying cash / or even waiting for a cheque to clear, it's a collectors item and sought after too, if this buyer fails, you won't have any problems finding another.
 
sportysnaps said:
no you dont - just refund the payment - if you dont send it you dont paypal it...(unless you want to paypal to have a lot of money for not doing anything for you - you will not even be covered by paypal protection...)

if the buyer is not happy with this find another buyer, and block the original buyer from the sale
Click to expand...

You do have to accept PayPal. If you refund it and request another payment method, the buyer can report you to eBay and leave a neg.

It stinks but you have to accept PayPal for everything except motors on eBay now.

If you accept a cheque, make sure it clears for at least six days, not three.

Edit to add:

eBay link.

eBay requires all sellers listing on eBay.co.uk to accept PayPal in their listings with the exception of listings in the categories of cars, motorcycles, aircraft, boats, caravans, trailers, trucks (commercials), services and property categories.
Click to expand...

...and.....

Sellers who state in their listing that they accept certain payment methods must not selectively offer those payment methods to buyers or discourage buyers from using those payment methods.
Click to expand...
 
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eBay are changing their policies so you're tied up with Paypal (funny that, since they make money from paypal ;))

I wouldn't be accepting a cheque under any circumstances.. they can still be recalled after over 6 days, although the clearing procedures are now being sped up, I still wouldn't trust cheques, certainly not for that amount of ££
 
One of my other hobbies is collecting amusement machines which I sell quite regularly via ebay. They've had this 'must take Paypal' policy on amusement machines for several months now before rolling it out to cover all categories.

On my listings I say "I accept Paypal but only for a deposit up to the value of £50.00, the balance to be paid by cash on collection". I'm sure ebay would pull my auctions if they spotted it but they haven't yet and I haven't had a buyer who has insisted I take more than the £50 by Paypal.

Flashy
 
I'd check with your bank about the current state of play with bank xfrs and such - put the onus on them to tell you what transactions can not be withdrawn - Im sure there is a technical term for this -and it isnt 'cleared' you want something that protects you from fraud.

Or cash to be handed over in your bank - then you pay it in and get the bank to verify the notes are good. I'm told there are some very very good bad £20s around at the moment - pass the pen tests.
 
stick to cash, cheques can be cancelled 6 months after being banked if they are fake. to be fair, the person is probably going to come get it themselves and i would expect a couple of people to help lift it as well. cash shouldn't be a problem for them.

also remember that at least 90% of people are ok and not trying to rip you off.
 
looks like eabay and paypal need to agree the rules as the paypal rules clearly state you have to post an item to be covered. if you don't post it you are not covered.

i for one will not pay for a service if it is not going to cover me


from the paypal website{edited to remove the padding**: -

11.3 Qualification. In order to be qualify for a payment under the Seller Protection Programme, you must meet the following requirements:

You must have a Verified Business or Verified Premier Account at the time of the payment transaction, .........
.....The payment must be listed as "Seller Protection Policy Eligible" on the “Transaction Details” page. Sellers are encouraged to minimise their risk and to review the Transaction Details page to see whether their payment is “Seller Protection Eligible” before fully completing their commercial transactions,

You must accept a single payment from one PayPal Account for the purchase,

You must not charge a surcharge for accepting PayPal,

You must post the purchased item to the address listed on the “Transaction Details” page, and that address must be identified as a Confirmed Address,

You must post the item to the buyer within seven Days of receiving payment,

You must have trackable online proof of delivery from an independent shipper to the address on the “Transaction Details” page. .........., you must provide a proof of receipt that was signed or otherwise acknowledged by the buyer, and

You must respond to PayPal’s requests for information within the time period PayPal specifies.

Please note that in order to be qualify for our Seller Protection Programme you must post the item as required in this section. If you hand deliver an item, or provide delivery in any manner other than required in this section, your transaction will not qualify for a payment under the Seller Protection Programme.

END of paypal rules



if you refund a payment the buyer has not brought the item, and unless you have bought an item you cant leave feedback for that item


Clearly eBay needs to sort out this contradictory rule, in the meantime I will continue to refund paypal when cash on collection is the appropriate payment and delivery option, and I would recommend that everyone else does the same
 
How about a bank transfer? Either phone or internet banking from their account to yours, or they pay cash in over the counter into your account? As soon as it's in, they can collect:)

My preferred method these days!
 
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