Reply
 
Thread Tools Search this Thread
 
Old 06 July 2011, 09:00   #1
Member
 
Country: UK - England
Town: Holbury
Make: Ocean Dynamic
Engine: 2 330 Iveco Hamilton
Join Date: Feb 2003
Posts: 65
Pay Pal Con

Sorry posted in wrong section.
I have now had 2 offers to pay by pay pal and suspect a con as no
genuine buyer would offer to pay full advertised price without viewing ,especially if they had to come and collect , and could then pay in cash

The problem with pay pal , is that if a buyer makes a complaint about
a purchase they are rather quick to take the cash back from your account.

That with a mechanical object its easy to say the engine does not work ,
or the Rib is not up to advertised standards .

You then have the problem of trying to collect your Rib , which may
even be abroad

Has any other seller had this problem or been caught ?

I do not mind pay pal for small items ;but not for 4950
__________________

__________________
Tiffy
Tiffy is offline   Reply With Quote
Old 17 July 2011, 12:54   #2
Member
 
Screaming04's Avatar
 
Country: Canada
Town: Vancouver, BC Canada
Boat name: Black Ops
Make: Zodiac Hurricane 733
Length: 7m +
Engine: OceanPro 150hp x 2
Join Date: Oct 2008
Posts: 246
Could be a scam, however, when your price is 4950 firm what offer do you expect? I paid close to that amount to a member here. Sight unseen, via pay pal, no problems. It was a deposit however, balance paid in cash on pick up.
__________________

__________________
Screaming04 is offline   Reply With Quote
Old 17 July 2011, 13:01   #3
Member
 
Country: UK - England
Town: Cotswolds
Make: Avon SR4
Length: 4m +
Engine: 40hp
Join Date: Jun 2011
Posts: 118
you have to think from the perspective of the purchaser as well...
it gives them a safety net - maybe an engine might not work / a boat might sink

Alasdair
__________________
akirk is offline   Reply With Quote
Old 17 July 2011, 14:06   #4
Member
 
Country: UK - England
Town: Lancashire
Length: 5m +
Join Date: Jun 2011
Posts: 87
My personal opinion would be to steer clear of paypal for such a large payment, theres bound to be a catch, because what would be wrong with them nipping to the bank to withdraw the money? If they want to use paypal so they are covered, then they are likely to be the people who will complain at the slightest thing like a scratch or something ridiculous. I use paypal on a daily basis & generally dont like it. I wouldnt recommend it for such a large sum. Have a read into "chargebacks" also, i think this is where its linked to their credit card & alls they have to do is contact the company & say their paypal account has been used by an unauthorised person. This then means that paypal covers the chargeback, meaning you have the money, but the buyer hasnt paid a single penny. I dont know the ins and outs of this though, so not sure how/ in what circumstances it would apply.
__________________
LWman is offline   Reply With Quote
Old 17 July 2011, 14:19   #5
Member
 
kerny's Avatar
 
Country: UK - England
Town: Ashton-under-Lyne Lancs
Boat name: IMOGEN
Make: Air-Craft 5.4
Length: 5m +
Engine: Etec 60
MMSI: 235087492
Join Date: May 2010
Posts: 7,040
RIBase
Send a message via Skype™ to kerny
I've mainly used paypal for buying stuff usually off fleabay and never had a problem, however I have sold a bit of stuff off fleabay max 400 and have found what they charge is a bit steep . So when it comes to thousands I would defo ask for a cheque up front, okay it takes 5 days to clear, but no charge
__________________
kerny is offline   Reply With Quote
Old 18 July 2011, 15:18   #6
Member
 
Country: UK - England
Make: Bombard Aerotec 380
Length: 3m +
Engine: Mariner 25hp
Join Date: Nov 2009
Posts: 94
Its not that unusual, I bought an outboard a few years back and used my credit card to pay via paypal that way I had twice the amount of protection ( my thinking anyway )

Having said that, its never a bad thing to be cautious. Online fraud is on the up and they are getting clever
__________________
bigscott is offline   Reply With Quote
Old 18 July 2011, 15:43   #7
Member
 
Country: UK - England
Town: Cotswolds
Make: Avon SR4
Length: 4m +
Engine: 40hp
Join Date: Jun 2011
Posts: 118
when I have sold cars on ebay I have taken a very simple approach - the buyer has to come to pick it up - so we meet either at my house and then go to the bank, or at the bank. They bring cash and if the bank accepts it they get the paperwork and keys...

absolutely no risk for me - for them, well they know where I live, but ultimately they have the goods and as the items are sold as seen and they have an opportunity to inspect before purchasing / auction end, they have the ability to manage that risk....

there are very few methods now which don't have some element of risk - ultimately there is still the need to calculate risk based on our judgement of situation / person...

Alasdair
__________________
akirk is offline   Reply With Quote
Old 21 July 2011, 18:10   #8
Member
 
Country: UK - England
Town: Reading
Boat name: N/A
Make: Cobra
Length: 7m +
Engine: Verado 200
Join Date: Jan 2008
Posts: 55
Paying in cash

Turning up somewhere to meet a stranger with nearly 5K in cash isn't entirely without risk either. Better to go to the bank and sort it out that way or take a bankers draft.
__________________
TangoTango is offline   Reply With Quote
Old 22 July 2011, 03:17   #9
Member
 
Country: UK - England
Town: Plymouth
Length: 6m +
Join Date: Mar 2011
Posts: 2,693
Quote:
Originally Posted by TangoTango
Turning up somewhere to meet a stranger with nearly 5K in cash isn't entirely without risk either. Better to go to the bank and sort it out that way or take a bankers draft.
A local broker to me took a bankers draft of 12,000 for a new rib. Kissed goodbye to 12,000 at the same time as it was fake so that's not fool proof either!! His insurance refused to cover him saying as he handed over the keys it's fraud not theft!

Peter @ Boatsandoutboards4sale ~ askboatsandoutboards4sale@sky.com ~ 07930 421007
__________________
Boats&Outboards is offline   Reply With Quote
Old 22 July 2011, 09:08   #10
RIBnet admin team
 
Nos4r2's Avatar
 
Country: UK - England
Town: The wilds of Wiltshire
Boat name: WhiteNoise/Dominator
Make: Ballistic 7.8/SR5.4
Length: 7m +
Engine: Opti 225/Yam 85
MMSI: 235090687/235055163
Join Date: Jul 2005
Posts: 12,645
RIBase
Quote:
Originally Posted by Boats&Outboards View Post
A local broker to me took a bankers draft of 12,000 for a new rib. Kissed goodbye to 12,000 at the same time as it was fake so that's not fool proof either!! His insurance refused to cover him saying as he handed over the keys it's fraud not theft!

Peter @ Boatsandoutboards4sale ~ askboatsandoutboards4sale@sky.com ~ 07930 421007
Take the buyer to their bank and get them to have the bankers draft made out in front of you, then with them present pay it into your account.
__________________
Need spares,consoles,consumables,hire,training or even a new boat?

Please click HERE and HERE and support our Trade Members.

Join up as a Trade member or Supporter HERE
Nos4r2 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 18:05.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.