Back in August I sold my 2004 F7 on ebay to a kid in Ohio. I told him I would only accept a cashiers check bacause I didnt want to pay the big paypal fee. He offered to pay the fee, so I figured "hey, its paypal, its safe and I am protected." Well that transaction took place sept 7th. On December 4th, 3 months later, I get notification from paypal that the buyer reversed the charges. 3 months later and paypal allows the buyer to reverse the charges, leaving my paypal account negative thousands of dollars as the money I recieved was to purchase another sled. So who is protected here? Not the seller!
So paypal advertises seller protection. Well if you read about it, your transaction is only protected if you have delivery confirmation from say, fedex or UPS. Ok, how was I supposed to have that for something as big as a sled? I hand delivered it. They said sorry, if you get a signed affidavit from your buyer you may be able to do something. Well, I had a signed bill of sale, I even went further to contact the buyer to get him to sign a document saying that the transaction in question was legitimate---sorry, we can't do anything for you.
Now I can't get ahold of the kid. Well, I work in collections and can find pretty much anyone unless they seriously don't want to be found. I tracked down the kids parents in CA, find out he is living in Utah now. I guess the transaction was on the kids fathers credit card. The kids father lost the card, so they reversed all his transactions and mine was "hung up". So I said fine I will wait.
Well 60 days goes by. I threaten to sue the kid, and the father comes through with a cashiers check for the full amount. So I am all set now. Got the cash.
But the point is, I did all that legwork, not paypal! The transaction cost 117.00 bucks. What the hell did I pay that for? A money order is free from my credit union. Every time I called paypal they said that they were disputing on my behalf. I asked what are you doing to dispute this. They said they are waiting for the credit card company to give them an answer, and that they can't control the outcome. They were not dipsuting on my behalf or "fighting" for me as they claimed. They are liars and thieves in my opinion.
Now paypal has come to the conclusion that they cannot dispute on my behalf anymore and now I owe them all the money, which I will pay. But, working in collections, I called them to see what could be worked out. Long story short, they want it paid in 6 months or it hits my credit. They are unwilling to come to a settlement. What if I hadn't taken it upon myself to get the money back? What if the kids father didn't pay me? I would be seriously ****ed by paypal and they wouldn't work with me to get the situation resolved.
Long story short, watch yourself. Paypal is not as safe as you think, not worth the money. I know this will not change anything, but if I can make some of you guys aware, maybe it will stop you from potentially getting burned, or your friends from getting burned.
Joshua
So paypal advertises seller protection. Well if you read about it, your transaction is only protected if you have delivery confirmation from say, fedex or UPS. Ok, how was I supposed to have that for something as big as a sled? I hand delivered it. They said sorry, if you get a signed affidavit from your buyer you may be able to do something. Well, I had a signed bill of sale, I even went further to contact the buyer to get him to sign a document saying that the transaction in question was legitimate---sorry, we can't do anything for you.
Now I can't get ahold of the kid. Well, I work in collections and can find pretty much anyone unless they seriously don't want to be found. I tracked down the kids parents in CA, find out he is living in Utah now. I guess the transaction was on the kids fathers credit card. The kids father lost the card, so they reversed all his transactions and mine was "hung up". So I said fine I will wait.
Well 60 days goes by. I threaten to sue the kid, and the father comes through with a cashiers check for the full amount. So I am all set now. Got the cash.
But the point is, I did all that legwork, not paypal! The transaction cost 117.00 bucks. What the hell did I pay that for? A money order is free from my credit union. Every time I called paypal they said that they were disputing on my behalf. I asked what are you doing to dispute this. They said they are waiting for the credit card company to give them an answer, and that they can't control the outcome. They were not dipsuting on my behalf or "fighting" for me as they claimed. They are liars and thieves in my opinion.
Now paypal has come to the conclusion that they cannot dispute on my behalf anymore and now I owe them all the money, which I will pay. But, working in collections, I called them to see what could be worked out. Long story short, they want it paid in 6 months or it hits my credit. They are unwilling to come to a settlement. What if I hadn't taken it upon myself to get the money back? What if the kids father didn't pay me? I would be seriously ****ed by paypal and they wouldn't work with me to get the situation resolved.
Long story short, watch yourself. Paypal is not as safe as you think, not worth the money. I know this will not change anything, but if I can make some of you guys aware, maybe it will stop you from potentially getting burned, or your friends from getting burned.
Joshua
I didn't know that. Thanks for the info.
