A Paypal Offer - Is This Secure?

Jea48, good question, I've never thought of that. Paypal is not a credit card or banking institution, but they may have sway on a credit report, I don't know.

I understand the negative, but if there's nothing in it the negative only means that paypal will send it to collections if not paid during the alloted time. The bad part is that if you do not pay the collections agency you can ruin your credit. If you have bad credit to start with then the Turnip has no blood for paypal. I don't use credit very often but I have credit better than 95% of the country and I plan on keeping it that way. Muzikat did the right thing and honestly sold a good item and got burned due to buyers remorse. I had a buyer strip a PC manual and demagnetizer off of a perfectly good working Cassette player that he claimed was not good. I had a Sheriff come over to my house to make out a report and I still had to repay him due to his credit card company that makes the final decision. Next time I have a return on an item I know was good when I shipped it, I'll have it returned to the post office and open it in front of wittnesses. I still use paypal, but have made enough deals off line to compensate for any losses. It sucks to have to put selling as is especially on an item that is not electrical to avoid the not as described crowd. Most people are honest, and it's a shame a few have to screw things up. It is kinda fun putting their names and information in swingers magazines then calling them. You wouldn't beleive the SPL of some phone receivers when I have a girl call and the guys wife answers.

Jea48 is right. Unless you are a seller and withdraw the funds and have your bank change your CC# each time you make a deal. I've been waiting 33 days for 2 sets of Linn IC's form England. The sell said he'd shipped 2 more sets 3 weeks ago and I assured him that if I ended up with 4 I'd send the extras back since I didn't pay for them. 2 weeks ago he said he shipped a 3rd set for me waiting so long. Yesterday I had to put in a claim for a refund and the seller has 1 week to respond. If I receive the IC's then I simply close the case. If he has withdrawn the funds and changed his CC# I still get paid back thru paypal and they go after him, or send it to collections. I'm hoping to get the IC's since they were a good price and will leave a positive feedback. The seller has 235 positives and no negatives, so the items could still be in customs. You have only 45 days to file a claim from the sale date.

The only true secure payment is a cashiers check and then wait 1 week before shipping product for check to clear and 3 to 4 weeks if check is from out of country.

Paypal will take the money back out of your account if the payment from customer fails regardless of how long it took.

Actually, the most secure (for seller) AND FASTEST payment is direct deposit to the bank account of the seller. As far as I know, buyer and seller must use the same bank for this to work, but maybe not. The negative for the seller is that he must give the buyer his (the seller's) bank account number. However, the seller may employ the same two bank account strategy that some sellers do with Paypal payments, only here there is no charge back mechanism (as there is with Paypal).

As a buyer I used cashier's checks from Bank of America, which had a very seller friendly feature. On the back of the check was an 800 number that the seller could call to verify the authenticity of the check. Later he could call to confirm that the check had been paid.