Waiting for Paypal


Normally I don't sell to those with no feedback on Audiogon or eBay, but occasionally I make an exception. Once the paypal account shows that I have the money from the buyer, I request a check immediately. Is there a safe length of time to wait before I ship the item? Is it safe to ship once I receive the check from Paypal? My bank account is linked to Paypal. If there is a default later on, can Paypal pull the money back out of the bank account even if they sent me a check in the mail instead of direct deposit? What would you do? Thanks.
tgrisham
I have a seperate bank account set up just for Paypal, as soon as the funds clear from Paypal into my Paypal account, I transfer them to another account. That way I can take Paypal, but still protect myself.
JMCGrogan has the right approcah. PayPal are pirates, I got burned on a Seiko watch and they did *nothing* to help. Use a separate, PayPal-specific account and xfer the money ASAP. Then ship the item. Do NOT trust their dispute resolution process, it is bogus and, essentially, worthless...

-RW- Not that I'm bitter...
Yes, transfer the money immediately from PP to your bank acct. But that transfer takes 2 to 3 days before you see it in the bank.
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