Is PayPal Safe for $X,XXX Domain Sale?

[robmac]

I recently had a paypal changeback on a domain i sold - as paypal dont really cover domains they threw it out. then the buyer done a credit card chargeback and paypal knocked that back as well. The seller ended up with the domain and his money ( the credit card company paid him out ) and I end up with the money he originaly paid

best thing is esrow or a physical exchange

 

[GUA]

I used paypal for a $10k transaction. I however was the buyer, and I am an honest guy.

What confused me is the following. When I first sent the payment my credit card company rejected it. I had to phone up and authorize the transaction.

How do these people pay because they must surely authorize it. You have to do security checks to verify who you are etc.
Its basically phoning up, authorizing it, phoning up, charging it back... that cant happen, it is ridiculous.

 

[EGS]

Use Escrow.com for mid $xxx+.

 

[MBo]

A company partner had many issues with Paypal, even if it was clear that everything was in place correctly. The buyer just has to make the transaction from some internet cafe and later claim his account was used without his knowledge and your funds will be frozen and returned.

It doesn't even matter if you can prove the domain was transfered - Paypal doesn't care and even if they would, the buyer could just call his credit card company or bank and tell them his account has been accessed without his knowledge. That said, Paypal is not as safe as they market it.

 

[muris]

Somewhere around mid XXX paypal becomes risky, IMO;
Escrow.com 50/50 or buyer100 sounds right than;
Moniker's escrow is good too - they take ownership over domain (Escrow.com - doesn't)
but they are more expensive and they didn't have California license before.

 

[IBN]

What about this? Escrowdns.com I beleive I got this from looking at a link from the member called Rockefeller. I assume it is his. It looks good and from what I read yesterday they have a $25.00 cap for lesser names. Look again though to make sure. Anybody use it yet?

 

[Dorkside]

I used Paypal for a sale with 7 domains for a little over $3000 and had no problems. I prefer to use an Escrow service though.

 

[DomainMagnate]

I used paypal for transactions up to mid $x,xxx, but generally it's just not worth the risk, unless you know who you're trading with.

 

[liberator]

Moneybookers.com has a escrow service built in, http://www.moneybookers.com/app/help.pl?s=escrow. I've never used it but noticed it in my MB account!

 

[David G]

Checks arent safe either as they can bounce. The safest way is wire transfer through Escrow.

Based on my recent transaction escrow.com does not reveal the payment method used and seller can not select the method anyway.

 

[poulos]

if using paypal, which Im beginning to dislike,
what if the buyer sends the payment , then you instruct him to open a dispute, then close it, then you push domain,
i think your safe there, But can he later claim with his cc a charge back?

 

[vanadium]

I've been using Paypal for business transactions for years, and I'd go to escrow for anything over $500. Just my $0.02.

 

[democrat]

I know that Paypal may seem crazy but whenever I deal with high dollar. I was told to mail to the buyers confirmed address and 9/10 they will get my money back to me. Escrow, though is the best idea anytime you deal with things ou are iffy about. I also know that if you get a tracking code with it, that they will fight for you. they often tell gamers to send something because who can argue with a signed signature and tracking number?

Dem