Got screwed using Paypal What to do?

Be thankful you used paypal and a credit card, cause now you do have some course of action to take. If you had sent a cashiers check, you would be screwed.Did you check the guy out first? Did he have any feedback?Also did you talk to him on the phone before sending funds? Did the item retail for much more than the $2300.00, as in three times as much? These are all steps to take, they will not guareentee no fraud, but will cut risk considerably. Dealers do not use paypal to keep from having to take items back. Paypal charges 2.9% where as my bank charges me 3.5% to 4% for card use.Which at the selling price(most times lower than dealer cost) the dealer will add back to the item. So the customer would rather have 3% added than 4% Paypal was designed to make cash transactions quick. I hate to say this but most of the time the paypal is the customers request, because they want the item now and as cheap as they can get it. I only sell products on A-gon that are trade-ins or demos that manufactures require me to turn yearly. Most of the time it's the buyer who can give a seller a hard time, wanting the product now.Most of the time these products are very discounted and would not be sold for that price just a month or two before.The bottom line is A-gon and Paypal are tools for consumers to get fantastics deals on great products that they would never get otherwise. When you seek out a deal or superfast service, things are not always perfect, this is a risk consumers will have to take for doing business one the web. My point is support you local dealer! They're is nothing wrong with getting a deal, buy just keep in mind, that something too good may have a catch! I'm sorry for your mishap, but you'll be fine if you contact your credit card as mentioned before.

I will not use Paypal. If you look into the organization, IMHO, it looks like Raptor or Jedi.

If a seller requires Paypal and won't take my check even after contacting them, I pass on the unit.

Any experience with shieldig components?

Just curious what products did you try to purchase? I saw some Levinson equipment on Ebay which were listed way below cost without any reserves. The seller had many positive feed backs, but there were all purchases of sport cards which were relatively cheap. I could see this person being extra careful by investing a few hundred bucks to buy cheap items on Ebay while building a reputable feedback list. Once he gets you bait, he'll real you in for the big one. Just be careful folks.

I am surprise Paypal doesn't have any person back ground information on this person. In order for this person to except such large amount he/she had to have beens verified member of Paypal. If you get personal info of this person, can yo persue him or her? Can you tell your credit card company that you didn't not receive the goods you had purchased or because you went through Paypal it complicates things.

One of me college friend works at Paypal. I'll ask the company can do if any.

As much as I am sorry to hear of your loss, it is the seller who would have ended up screwing you one way or the other. Had you not used Paypal and sent a check, either personal and certified, the seller, I am sure would have simply deposited your check and STILL not sent your equipment.