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| Gold Lifetime Member Last Online: 02-08-2008 07:16 PM iTrader: (0) Join Date: Jul 2006
Posts: 5
DNF$: 100 Location: New Jersey | Is PayPal Safe for $X,XXX Domain Sale? Hello, I am a verified PayPal member with a Premier Account. I have a portfolio of LLLL.com domains for which I have received a mid-$X,XXX offer. Is it safe to use PayPal for this transaction? If so, what should I be looking to "ask for" in regards to verification and whatnot. I have made multiple transactions on PayPal for $XXX, but never have done any transactions in the $X,XXX range. All help is greatly appreciated. Thank you. |
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| | #2 (permalink) |
| Dances With Dogs Name: Gerry Last Online: Today 01:17 AM iTrader: (61) Join Date: Dec 2006
Posts: 7,970
DNF$: 18,957 Location: www.DNhop.com
Country: | Use escrow.com. Split fees or eat the fees. Should the buyer back out, or use a stolen credit card, etc., too bad. If the money is taken out of your account due to a chargeback or some illegal activity, too bad. Domains are considered intangible items and PayPal will not investigate nor give you any hope of recovering money.
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| | #3 (permalink) |
| Name: Chris Last Online: Today 04:53 AM iTrader: (63) Join Date: Apr 2006
Posts: 1,449
DNF$: 540 Location: A95.com
Country: | I was recently scammed for $900 by a user here using paypal. After paypal finding the case in my favour they refunded me all that could be retrieved, which was just $7. An expensive lesson. I am now pursuing a criminal case with the police over it but it has taken a lot of time and effort and I doubt I will see the funds. In short, I would not use paypal for transactions of this size unless it is a trusted member who you have dealt with before. |
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| | #4 (permalink) | |
| Gold Lifetime Member Last Online: 02-08-2008 07:16 PM iTrader: (0) Join Date: Jul 2006
Posts: 5
DNF$: 100 Location: New Jersey | Quote:
If so, technically the only "safe" way to legitimately SELL domains would be to accept a check, money order, or cash.. correct? | |
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| | #6 (permalink) |
| Platinum Lifetime Member Last Online: 07-02-2009 05:46 AM iTrader: (122) Join Date: Mar 2005
Posts: 1,848
DNF$: 860 Location: CSA
Country: | For deals of this size, paypal is NEVER an option unless you know the party you are dealing with. There are very few folks I would enter into a deal of this size with. Escrow will always be the favored method for these type of deals. |
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| | #7 (permalink) |
| Exclusive Lifetime Member Name: Melissa Last Online: Today 12:33 AM iTrader: (57) Join Date: Jun 2007
Posts: 1,278
DNF$: 2,902 Location: in a house
Country: | I would definitely not use paypal. I used paypal for a deal of around 26k for something about 6 months ago. Which of course was a virtual item and once the buyer had what he needed he did a chargeback. Of course he won and that left my paypal -26k which they can shove.
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| | #8 (permalink) | |
| Name: Darren Last Online: Today 01:32 AM iTrader: (74) Join Date: Feb 2006
Posts: 2,931
DNF$: 7,098 Location: I'm Home
Country: | Quote:
__________________ .::: e-nic.com :::. - semperfidelis.com - stow.org - parlaying.com - shopbooks.com and more.... | |
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| | #9 (permalink) |
| Platinum Lifetime Member Name: Gareth Last Online: 12-15-2008 10:02 AM iTrader: (53) Join Date: Oct 2007
Posts: 479
DNF$: 710 Location: United Kingdom
Country: | I presumeyou mean you had already withdrawn the 26k and left your PayPal account negative 26k? (Which you will never pay them) |
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| | #10 (permalink) | |
| Exclusive Lifetime Member Name: Melissa Last Online: Today 12:33 AM iTrader: (57) Join Date: Jun 2007
Posts: 1,278
DNF$: 2,902 Location: in a house
Country: | Quote:
yea I had most of the money out. I lost about 4800 of it. But I'm not paying for their f u c k ups.
__________________ Need Content? Graphics? Services? www.trafficmethod.com Last edited by Pink Misfit; 01-28-2008 at 12:02 PM.. | |
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| | #11 (permalink) |
| Last Online: 07-02-2009 06:58 PM iTrader: (22) Join Date: Mar 2005
Posts: 3,698
DNF$: 7,653 Location: BeeCee
Country: | Paypal needs to set something up for digital information transactions, the old "impossible to verify the exchange" is wearing thin. We are in a digital age here, they need to add some kind of service to address this that protects buyer and seller, or people will take these transactions elsewhere (like is already happening). For example, why not a Paypal Escrow service, or even a special domain exchange service. Escrow.com has a special set up for domain names.
__________________ Submit URL Free now - Free website advertising and classifieds DomainReport.ca - domain tips and .ca domain blog Last edited by hugegrowth; 01-28-2008 at 12:02 PM.. |
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| | #12 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 01:05 AM iTrader: (79) Join Date: Nov 2007
Posts: 1,214
DNF$: 500 Location: san carlos, CA | Paypal has awful customer support. If there is any issue at all they are really good at freezing your account - so you lose access to any funds there. They do very little to help you get back funds. I had a problem with one transaction, and after i got the account unfrozen, they froze it again. And for several weeks were calling me about various new (and valid) transactions, to be 'safe'. But they never addressed the original issue. We PayPal for its convenience. And for that convenience, you pay a price.
__________________ Sedo Featured: ApplianceInsurance*com (Set of 3 .com) ForSale: DubaiResort*org, ModifyMortgages*org, FAINTS.net Do you exercise? Please Join my Fitness Network, FitCircles.com |
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| | #13 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 05:26 PM iTrader: (152) Join Date: Mar 2007
Posts: 5,639
DNF$: 1,043 Location: NY
Country: | I have heard that Moneybookers doesn't have chargebacks. Never used them though.
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| | #14 (permalink) | |
| Dances With Dogs Name: Gerry Last Online: Today 01:17 AM iTrader: (61) Join Date: Dec 2006
Posts: 7,970
DNF$: 18,957 Location: www.DNhop.com
Country: | Quote:
money order NO Easily faked, forged, or stolen. Cash...even that is risky. Dealing with someone person to person? Like the man down the road who sold an old pickup truck for $3500.00 cash and less than 15 minutes later two guys showed up to look at the truck (never called or anything) but he told him he sold it and they pulled out guns and robbed him? Pure set up from the get go. Escrow.com...money is held in escrow until both parties are satisfied with the transaction. I have used them for numerous international transactions and have never been disappointed. Fees are reasonable and usually a 50/50 split makes both parties happy.
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| | #15 (permalink) |
| Last Online: 07-02-2009 06:58 PM iTrader: (22) Join Date: Mar 2005
Posts: 3,698
DNF$: 7,653 Location: BeeCee
Country: | With escrow, what if you transfer the domain and the buyer doesn't confirm he received it?
__________________ Submit URL Free now - Free website advertising and classifieds DomainReport.ca - domain tips and .ca domain blog |
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| | #16 (permalink) | |
| Exclusive Lifetime Member Name: Melissa Last Online: Today 12:33 AM iTrader: (57) Join Date: Jun 2007
Posts: 1,278
DNF$: 2,902 Location: in a house
Country: | Quote:
The problem with moneyboorkers, epassporte, click2cash and all the others like them is really how many users have these types of accounts? And even if they do they also can be a stolen account. Doing online is risky. I have been using direct bank wire. Buying or selling. Paypal can kiss my booty.
__________________ Need Content? Graphics? Services? www.trafficmethod.com Last edited by Pink Misfit; 01-28-2008 at 12:32 PM.. | |
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| | #18 (permalink) |
| Never Sleep™ Name: Stian Last Online: Today 06:06 AM iTrader: (125) Join Date: Jan 2007
Posts: 5,380
DNF$: 2,811 Location: EHOT.net
Country: | As everyone else is saying: if it's a trusted member, you can use PayPal, if not - always use Escrow. But then again, even trusted members may suddenly turn on you and scam you in a "polite" way. I mean, people make up so much sh*t sometimes, like; "I have not received the funds yet." , or "The PayPal acc. you made payment to is not mine, I don't know what has happened. Sorry."If you got a slightly bad feeling, use Escrow.
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| | #19 (permalink) | |
| Dances With Dogs Name: Gerry Last Online: Today 01:17 AM iTrader: (61) Join Date: Dec 2006
Posts: 7,970
DNF$: 18,957 Location: www.DNhop.com
Country: | Quote:
They know how to confirm these things
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