| Author | Message | ||
     Steveford |
I learned something new today when some bozo tried to scam me. PayPal can offer ZERO PROTECTION (as in zero) to either the buyer or seller on vehicle sales. A little bit for a deposit is fine but do NOT take the entire amount. If in doubt about a transaction, call PayPal to discuss it. | ||
| Blake |
Good to know Steve. Thanks. | ||
| Ratbuell |
The other reason is, PayPal gives buyers a "dispute" clause that can hold or cancel payment entirely on the buyers word. Paper money cash in hand, or direct bank wire transfer. Those are the only 2 ways to sell large items. | ||
| Teeps |
Ratbuell Posted on Monday, December 03, 2018 Paper money cash in hand, or direct bank wire transfer. Those are the only 2 ways to sell large items.  | ||
| Ourdee |
$1 or more, cash. And don't act funny when I look at it with a UV light. The security features in the currency are there for everyone to use. I prefer silver dollars. You count it, I count it. We don't get in a hurry. We all got guns? I'm fine with that too. You vouch for your second, I'll vouch for my second. Somebody there we don't know, they have to go. This ain't no spectator sport. When I pay with cash I check all the bills before the transaction. Any funny looking ones get swapped out. The most interesting deals usually involve ammo. Product visible then money. I am messed up about being cautious. I've been burned before. | ||
| Natexlh1000 |
What is the general consensus of money orders and western union type things? | ||
| Blake |
Too easily counterfeited. Accompanying a buyer to a local bank or Post Office where he/she obtains a cashier's check or money order works. | ||
| 86129squids |
 Did just that when I bought my Sprint ST. Had a cashier's check stroked, at my bank, to be sent to seller's finance company, ("Freedom Financial"... what a name.  ). I mailed it registered USPS... THEY LOST MY PAYOFF CHECK. Then, my bank wouldn't cancel/reissue said check for 90 days. So, in all, it took almost half a year to finish the transaction and get it titled in my name. THEN I could begin spending money on MY bike.  | ||
| Ratbuell |
Ditto cashiers checks - anyone with a decent laser printer and a good scanner can run something off that appears legit, until the banks actually look for security features. Cash, or wire transfer. Period. Most online banking now offers "transfer money to someone at another bank". Give 'em your routing number and tell 'em to pull out their phone. Soon as the money clears, you get a title. ANYthing third-party (money order, check, etc) can a) be forged, or b) carries a "dispute period" along that helps the buyer and screws the seller. Cash, or wire transfer. If they can't comply with those...they ain't got the money. | ||
| Pwnzor |
Huddled in a darkened apartment with three Paesano farmers one Sureņo gang banger, two surfers from Huntington Beach... Two of the farmers are each sitting on a 30 gallon Hefty bag full of their finest product, and some guy who looks kind of like me is at the kitchen table running a counting machine. Everybody is armed, and everybody is nice and calm. The money is straight, the deal is done, and everybody goes on their way. Can you imagine if somebody showed up with a cashier's check, or asked "do you take PayPal?" | ||
| Steveford |
The representative from PayPal said in person cash was best followed by Cashiers Check. Personal check is fine, too, you just have to wait a little bit longer. What he also said was that with PayPal they need a tracking number to show that the item was delivered, that's part of what they use to protect the seller. | ||
| Airbozo |
I bought my Firebolt on ebay using paypal. Of course I knew who the seller was (and so did hundreds of other people), so I wasn't worried. Pwnzor: Back in the day I knew a dealer who took checks. I never knew his first name was CASH. lol! No one ever messed with that guy, so he felt comfortable accepting non cash payment. To my knowledge no one ever wrote him a bad check either. | ||
| Zac4mac |
My "landlord" at the shop busts my balls all the time for taking checks for work done. In almost two years I've had no trouble or skipped payment. Hope I don't jinx myself here. I talk to my customers thru voice and text enough to get a feel. I have fired two so far for being disreputable. I take cash, checks, PayPal and Square. Z | ||
| Ratbuell |
There's a difference between a business-seller, and a private-seller. The paypal rules are different, and the oveall attitude is different on both sides of the table. Less folks are inclined to think "I can put one over on this guy", when "this guy" is a full-blown business with a brick-and-mortal presence as well as a full legal presence and tax status. | ||
| Steveford |
The saga continues, here it is from the top: I'm selling a bike and buying another one and listed a Buell and a BMW on cycletrader.com, whichever sells first is fine with me. A guy with an area code from Texas instantly sends me an email on the BMW, asks if I'll go lower, I say no and he says okay, what's my PayPal address, he'll send the money, pull the ad. He sends the money PLUS some and says that I need to do something with Western Union and send some money to somebody in Chicago who will handle the shipping. I call PayPal, they say SCAMMER and cancel the transaction and to cut off all contact with the scammer. A few weeks later I get a text message on the Buell and the guy says he'll buy it and will throw in extra money for the shipping plus some money for my trouble. I tell him that shipping would be his responsibility and block his number. He writes back a few days later and gives his name this time and says that he was having problems with his phone but he'll send a Certified Check for the bike. I ask him who is paying for the shipping and his response was the word "ME" so I tell him go ahead. The "Official Check" (that's what it said on it) from CitiBank shows up and it's for $1900 more than the asking price and I get a text message saying that once the money is in my account I'm to forward shipping costs to his "reputable seller" whose name and address he didn't provide. Here's where it gets even better: The text messages came from a St. Louis, Missouri phone number and Austin, TX area code. The return address on the Priority Mail Express envelope is in NYC from a company which sells shower curtains and crap like that. The USPS tracking number on the envelope shows that it was mailed from Marietta, Georgia. Quite the operation! The CitiBank check has a typo in the bank's address (street name isn't capitalized), no phone number for the bank and the only thing in the envelope was the check. PayPal said that without a tracking number the seller has no protection whatsoever. They'd get the bike and dispute the charge and I'd be screwed. With depositing the "Official Check" it could take a few weeks to discover that I was dealing with a counterfeit check and I'd be out the bike and out the entire amount of the deposit. I filed a complaint on the USPS Mail Fraud site and the good news is a local Buell enthusiast is picking up the bike this weekend. (Message edited by SteveFord on December 19, 2018) | ||
| Ourdee |
It's a Mad World. | ||
| Phelan |
Pegasus Performance is happy to tale PayPal, spread the word  . | ||
| Pwnzor |
Face to face, cash and carry. Best way to go, period. Somewhere there is a Nigerian prince sitting on pallets of cash, because none of us will take his money by wire transfer. | ||
| Mnscrounger |
Craigslist people, cash only when I sell. in buying I've never been burned by a motorcycle guy on there.(yet..) I don't sell on Ebay, but I buy with a credit card so there's a record and at least some recourse if the seller isn't honest. I have yet to sell anything on Badweb, but I've done paypal transactions, and sent checks with the understanding the seller can withhold shipment until they are comfortable the funds have cleared. Funny, some of you have even shipped the day I mailed the check. ( without even knowing that). Thats better than not burned, thats showing their trust in a fellow Badweber. Considering I feel like I know most of you regular characters, your word makes your credit good with me. | ||
| Ourdee |
On here I just ship when someone says they will buy it and give me an address. Now I'm not saying that I wouldn't wait for Julie's check to clear. I've even shipped when someone said they couldn't afford it. I think most of us are like that. I've met quite a few of you. | ||
| Pwnzor |
Yeah, on here it's more along the lines of making sure that what we've got is getting someplace where it will be used or appreciated. The money seems to be secondary most of the time. | ||
| Steveford |
I called the company in NYC to ask if this fellow worked there and they said, "Oh, no, did you get one of those envelopes?" They're getting quite a few calls, this guy is hitting people from Craigslist ads and it's for all sorts of stuff, not just motorcycles. Who knows how he picked this particular company to use as the return address for the envelope. | ||
| Hootowl |
Digital currency. There's one pegged to the dollar now, so there's no risk of the price falling. No way to claw it back, and no way to counterfeit. 1% transaction fee on coinbase. |
