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12-13-2015, 06:30 PM
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Join Date: Jun 2011
Posts: 548
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Large payment through PayPal. ??
Any info would be GREATLY appreciated
I am currently selling a piece of equipment valued at 35000$. I have a potential buyer who wishes to pay through PayPal. Is this a secure way to receive Payment ??? Thank you
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12-13-2015, 06:31 PM
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Join Date: Feb 2010
Location: Central Alberta
Posts: 2,984
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Quote:
Originally Posted by krthegunslinger
Any info would be GREATLY appreciated
I am currently selling a piece of equipment valued at 35000$. I have a potential buyer who wishes to pay through PayPal. Is this a secure way to receive Payment ??? Thank you
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Nope. Run, don't walk.
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12-13-2015, 06:36 PM
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Join Date: Aug 2009
Posts: 3,197
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As the seller you would have to pay 1.9 - 2.9% on the transaction.
I can, with 99% certainty tell you anybody trying to buy an item worth 35k with paypal is a scammer.
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12-13-2015, 06:38 PM
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Join Date: Sep 2009
Location: Calgary
Posts: 4,962
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Quote:
Originally Posted by krthegunslinger
Any info would be GREATLY appreciated
I am currently selling a piece of equipment valued at 35000$. I have a potential buyer who wishes to pay through PayPal. Is this a secure way to receive Payment ??? Thank you
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It will cost you over a grand in service charges to receive that money. So even if everything is on the up and up...you are charged 3% as the receiver of the money.
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12-13-2015, 06:39 PM
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Join Date: Sep 2014
Location: Lacombe.
Posts: 2,932
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Quote:
Originally Posted by Sneeze
As the seller you would have to pay 1.9 - 2.9% on the transaction.
I can, with 99% certainty tell you anybody trying to buy an item worth 35k with paypal is a scammer.
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X2.
Email money transfer would be my go to.
__________________
Legislation can not fix stupidity.
-Grizz-
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12-13-2015, 06:42 PM
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Join Date: Mar 2008
Location: St Albert
Posts: 210
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RUN AWAY from that deal, all the buyer has to do is call paypal before the money is in your account and say that they never received the item. Pay pal will give them the money back and you are out the item and money.
__________________
"We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm." - Winston Churchill
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12-13-2015, 06:42 PM
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Join Date: Aug 2007
Location: Calgary
Posts: 19,420
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Avoid that buyer like they're a rabid wolverine with AIDS.
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"The trouble with people idiot-proofing things, is the resulting evolution of the idiot." Me
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12-13-2015, 06:44 PM
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Join Date: Apr 2015
Posts: 34
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Paypal would be not be a good solution for that amount of money.
Email money transfer probably won't work since those typically top our around $3k per day I believe.
Best bet would be a wire for that amount. If they insist on a chq I'd speak with your bank before handing over the equipment. Even if a chq is deposited and the money shows in your account there is still a time frame where the bank can remove the funds if the chq was found to be fraudulent. I don't know the specifics but for $35k it's worth spending a bit of time looking into it.
In the end, wired is pretty much the safest bet I'd believe for that amount.
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12-13-2015, 06:45 PM
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Join Date: Mar 2009
Location: Sherwood Park
Posts: 4,321
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X2!!
Quote:
Originally Posted by coreya3212
Nope. Run, don't walk.
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cant do emt that high
Quote:
Originally Posted by Hydro1
X2.
Email money transfer would be my go to.
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Nothing good will come of this, just sayin...............
only bad thing about a wire is you have to provide your banking information. Bank draft via courier, then you call that bank to confirm as their are fraudulent bank drafts out there. I take it his guy is not local.
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12-13-2015, 06:45 PM
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Banned
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Join Date: Sep 2012
Posts: 2,052
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Paypal protects the buyer so if the buyer wants to screw you over Paypal will have his best interests in mind and not yours.
For this kind of money the only method you should consider is a bank wire transfer it is secure and your interests are looked after.Cost is minimal and with no worries about somebody scamming you.
FTH
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12-13-2015, 06:46 PM
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Join Date: Aug 2008
Location: With my dogs
Posts: 4,545
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Quote:
Originally Posted by Hydro1
X2.
Email money transfer would be my go to.
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Exactly. Paypal would be okay for $35...not for $35 000.
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alacringa
"This Brittany is my most cherished possession — the darndest bird-finder I have ever seen, a tough and wiry little dog with a choke-bored nose and the ability to read birds’ minds." -Jack O'Connor
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12-13-2015, 06:46 PM
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Join Date: May 2012
Posts: 2,535
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When I bought my Harley I flew to Miami to inspect it and take care of the financials. And that was less then half of your amount. This has shady written all over it.
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12-13-2015, 06:54 PM
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Banned
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Join Date: Dec 2013
Posts: 817
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Last boat I tried to sell on Kijiji
Three different buyers , pay me on PayPal and send a flat bed
To pick it up .. No ,No and No !
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12-13-2015, 07:03 PM
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Join Date: Dec 2010
Location: Calgary
Posts: 365
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No for pay pal
I sold a classic sports bike on ebay a few years ago right befoure I was takeing it to the airport to have it crated and shipped . I received a email that the payment was canceled buy the buyer ! I contacted ebay and paypal said there was nothing thay could do cause the credit card was canceled . If had waited another couple hours he would have had the bike and there would probably have been nothing I could have done ! 
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12-13-2015, 07:26 PM
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Join Date: Jun 2011
Posts: 548
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Thank you
Thanks everyone for the advice. I was thinking the same way. 👍👍. Alberta outdoorsman is awesome.
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12-13-2015, 07:42 PM
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Join Date: May 2011
Location: Grande Cache
Posts: 667
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Quote:
Originally Posted by From The Hip
Paypal protects the buyer so if the buyer wants to screw you over Paypal will have his best interests in mind and not yours.
For this kind of money the only method you should consider is a bank wire transfer it is secure and your interests are looked after.Cost is minimal and with no worries about somebody scamming you.
FTH
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All the buyer has to do is phone and made a fraudulent sale call or use a stolen card/account. Paypal will take the money from the seller.
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12-14-2015, 04:12 AM
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Join Date: Jan 2010
Location: Edmonton
Posts: 6,470
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Good to know kind of stuff here people. Thanks.
__________________
 Kim
Gonna get me a 16" perch.
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12-14-2015, 07:27 AM
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Join Date: Mar 2008
Location: Sylvan Lake
Posts: 3,428
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Quote:
Originally Posted by krthegunslinger
Thanks everyone for the advice. I was thinking the same way. ����. Alberta outdoorsman is awesome.
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Everyone is correct on not using PayPal, however there is nothing to be gained by calling the buyer out.
A scammer, if he is good, may make it his mission to make your life miserable by getting you some malware or a virus for Christmas  . He no doubt already has some of your personal information.
OR he may not know how PayPal works. I had a guy interested in my travel trailer this spring. He suggested PayPal, I am thinking scammer, but remained polite. I told him to Google PayPal scams and call me if he was still interested. He turned out to be a legitimate buyer and did purchase my trailer.
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12-14-2015, 07:58 AM
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Join Date: Dec 2015
Posts: 368
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Quote:
Originally Posted by coreya3212
Nope. Run, don't walk.
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I concur.
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12-14-2015, 08:09 AM
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Banned
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Join Date: Aug 2015
Location: British Columbia
Posts: 25
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Run!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!
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12-14-2015, 08:55 AM
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Join Date: Feb 2010
Location: Central Alberta
Posts: 2,984
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I think this is the first thread ever where we all agree...
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12-14-2015, 09:49 AM
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Join Date: Apr 2012
Location: Calgary
Posts: 270
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in case the first 21 replies don't work for you, here's my advice:
IT'S A SCAM.
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12-14-2015, 11:13 AM
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Join Date: Oct 2011
Location: Ponoka
Posts: 1,870
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Paypal doesn't charge seller any fee if transfer from buyer is in cash. I use Paypal for orders to US. Its a pain and I cannot transfer US funds into a US dollar bank account.
But a $35G item being purchased unseen is a warning. Don't.
__________________
Younger horses, faster women, older money, more whiskey!
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12-14-2015, 06:01 PM
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Banned
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Join Date: Oct 2015
Posts: 19
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Something seems fishy. Think twice
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12-14-2015, 06:24 PM
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Join Date: Dec 2012
Posts: 1,031
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If this person is local, join them to their financial institution to have a money transfer done, by the bank to your account. Confirm it with your financial institute, and your good to go. PayPal insures items, with certain exceptions, such as vehicles and items that needs to be registered. If your purchaser is out of province, and the item being sold is one that needs to be registered, you can always have them pay with certified check, but before you do that have someone put a lien on the equipment,so it can't be registered until lien is removed, This method won't stop your item from being thrown in a sea can and shipped overseas, in this case it's theft and your item if insured will be covered!!
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