ebay vs audiogon

Actually, what I did is just go open a new checking account. I had it verified and closed out my other bank account, which is a joint account with my wife and household moneys. My new account is strictly for Paypal. I've heard too many horror stories about that scam. They send you Paypal funds, you ship the item, then they refuse CC payment saying it's broken. They now have your ______ and their money. You have nothing.
So from now on I'll ship as soon as the funds clear Paypal into my account, and my account is emptied. Therefore Paypal wouldn't be able to come take back your money with you having no say in the matter.

jmcgrogan,that is exactly how i do it,i feel alot safer that way & even if paypal does do a charge back there wont be anything there for them to get & i have the cash,there's alot to be said for having the cash.

one thing though about doing it this way is you will encounter lots of enraged buyers demanding that YOU MUST SHIP NOW!!

its always the same story too,i paid you an INSTANT payment with paypal you need to ship RIGHT NOW!

my answer is always the same too,who was the payment instant for? you or me ? when the cash has been transfered to my account & is in my hot little hands i will ship & not one second sooner.

it kills me how many people DEMAND you be verified to do business with you when its THE KISS OF DEATH for anybody who ever intends to sell anything.

for all you folks who demand a buyer be verified remember when you sell that logic can work against you in a big way.

mike,a non verified member.

Well guys that is the whole idea behind an instant payment through paypal. I have never yet encountered a buyer that cancelled a credit card payment on me because I already know what I'm selling is right. Check your buyers feedback, then proceed. If your going to hold the item till the funds clear through your bank than you might as well insist on a Postal money order only.

PHD, USPS money orders don't give the buyer the choice of credit card use. I also have not been stung....yet. I've read posts from those who have been. I do not wish to write one of those posts. So while using Paypal may not get the buyer the unit any quicker, it will allow them to use a credit card.
Anyone can learn from their own experience, a wise man learns from the experiences of others.

Jmcgrogan, any time you do business on the internet regardless of payment method there will be some risks, were all taking chances just by living. Again check your buyers feedback. When I am looking to purchase, I actively seek out sellers that offer paypal. I don't like sending a money order unless I have to because it takes too long to receive the item. I can honestly say that three out of four items I have sold were done via paypal. Take paypal out of the picture & you may not sell the item at all. If you don't intend on shipping in a timely manner I would make it clear in your ad that you accept paypal but you will not ship until the funds have reached your bank. Remember if you do ship an item quickly & the paypal payment (credit card)is cancelled you can also call the shipper & retrieve the item before it is delivered. You will have to pay return shipping costs. Paypal can also be tied to the buyers savings account which is called a bank transfer. This is a prefered method of a paypal payment with some sellers as it can't be canceled.