How should I arrange payment with this guy?

[insomnia]

Hey guys,

I'm acquiring a site right now for about $5000 CND. But we're having a dilemma with figuring a way to pay.

He wants it via PayPal and then to his bank account before he'll transact with me (which should be 3 days). Problem is, I don't want to wait for it to get to his bank, plus I don't have $5k CND in my paypal.

He doesn't want seem to want cash for some reason. How can I get this money to him safely as fast as possible without waiting?

Thanks

 

[JMJ]

Bankwire

 

[insomnia]

Hmm, but bankwires take soooo long?

 

[Jack Gordon]

no they don't - bankwires are instant.

 

[insomnia]

Okay, perhaps we'll try that.

 

[mole]

bankwire is excellent.

 

[pelican]

wired is the fastest.
western union.

Or escrow.

 

[Blarian]

If you don't care about security: wire or western union is instant. But if it's just a plain jane domain transaction you might want to consider taking an extra day or so to use escrow.com if you have any security doubts... I've never heard of a legitimate seller who wouldn't use escrow.com for a domain transaction, but I guess it all depends how far into the deal you are.

 

[britishbulldog]

Agree,if large amounts involved use escrow only,everything else is to unsafe including paypal but dont panic the site is going nowhere for a couple of days and if the seller is sincere he wont mind !

Maybe dnforum could think about doing something and charge a small fee ?

Good Luck !

 

[Nova]

He wants it via PayPal and then to his bank account before he'll transact with me

(bah) , sounds fishy to me, especially for an amount like that. The "then to his bank account" part brings the piscine level (hah! what a word!) to Five Fishes. Escrow.com.

 

[jdk]

Escrow for sure.

 

[insomnia]

Yeah I know, hes just one of those guys whose scared to death to keep a paypal balance, but then again a lot of people are

 

[jdk]

I wouldn't be concerned it only takes 2-3 days to transfer to bank account. Plus the one paying wouldn't be able to file a paypal complaint on the fees. On the other hand I do not run a shady business practice so I am not out to fraud people. Just have to keep my eyes open for those who try to shaft me and others.

 

[petertdavis]

I'd use Escrow.com too, unless I knew the person very well.

 

[izoot]

escrow.com...no doubt...

 

[Domagon]

Make sure you're dealing with the real owner - try calling them on the phone number that's listed in the Whois; do some Googling around / check archive.org for history of the domain - contact previous owners, if applicable, if things seem dodgy.

Anyways, definitely insist on escrow.com - it never ceases to amaze me how quickly scammers disappear and never reply back as soon as I insist on escrow via escrow.com.

Ron

 

[jimbaggs]

(bah) , sounds fishy to me, especially for an amount like that. The "then to his bank account" part brings the piscine level (hah! what a word!) to Five Fishes. Escrow.com.

i concur. don't pay a dime till you have security.