Receiving payment for car; Paypal or bank transfer?
Discussion
Bank transfer over Paypal, for sure.
Is the need for a courier legitimate? i.e. he lives in Scotland, the car's in Cornwall, or its a 250GTO, and he's sending a covered transporter. Sending a courier for a scrappy Micra when he lives one town over is a huge red flag, but there might be a reason
Is the need for a courier legitimate? i.e. he lives in Scotland, the car's in Cornwall, or its a 250GTO, and he's sending a covered transporter. Sending a courier for a scrappy Micra when he lives one town over is a huge red flag, but there might be a reason
Most definitely not PayPal, no matter how much the buyer pleads. Some people do build up large PayPal balances for whatever reason, but there is no reason why they cannot withdraw the funds to their bank account and make a bank transfer.
PayPal accounts are popular for being hacked or funded with stolen card details. What happens is that PayPal reverse the transaction and you owe £x thousands and have no car.
PayPal accounts are popular for being hacked or funded with stolen card details. What happens is that PayPal reverse the transaction and you owe £x thousands and have no car.
I seem to remember this being a fairly common eBay scam a few years back. "Buyer" would claim they are a sailor or working abroad etc, and would collect the car via courier. Once the PayPal payment is made, the "courier" (i.e a mate or even the scammer themselves) collect the car, then immediately claim the money back from PayPal and disappear. In the end you're left without the car or the money. Odds are the car would then be broken down for parts as soon as possible to prevent it being found
Suggest you set up a 'burner bank account' with Revolut - download the app, two minutes later you have the account. All you need is the sort code and account number for the buyer.
Once the funds are in your burner account, transfer them to your other bank and delete the burner account.
Obviously doesn't have to be Revolut, but that is by far the easiest.
Once the funds are in your burner account, transfer them to your other bank and delete the burner account.
Obviously doesn't have to be Revolut, but that is by far the easiest.
Paypal friends and family is effectively a bank transfer and has no buyer protection (and no fees either).
It's different to the paying for goods/services option which you would use on ebay etc.
It's useful for sending small amounts of money to friends for splitting bills etc. but I wouldn't use it for a car purchase. Just ask for a bank transfer.
It's different to the paying for goods/services option which you would use on ebay etc.
It's useful for sending small amounts of money to friends for splitting bills etc. but I wouldn't use it for a car purchase. Just ask for a bank transfer.
Always personally check and recheck the funds are in your account, don't rely on them sending you a screenshot claiming the funds have been transferred.
With Paypal, beware of the scam where you receive an official looking email from Paypal stating the funds are in a holding account and as soon as the goods have been delivered the money will be released to you. There is no holding account. There is no money. You now have no car.
With Paypal, beware of the scam where you receive an official looking email from Paypal stating the funds are in a holding account and as soon as the goods have been delivered the money will be released to you. There is no holding account. There is no money. You now have no car.
So some obvious things to check, of course. I thought I had heard somewhere of even a bank transfer charge back or similar.
As for £500 over list comment, he only beat next lower bidder by £20
Ref the courier - I could see it eitherway. Cheap car miles away, if its a trader, get it collected. Personnnaly I would never buy sight unseen and have often travelled the lenght of the UK to go look....
Thanks all.
As for £500 over list comment, he only beat next lower bidder by £20
Ref the courier - I could see it eitherway. Cheap car miles away, if its a trader, get it collected. Personnnaly I would never buy sight unseen and have often travelled the lenght of the UK to go look....
Thanks all.
Run a mile.... 
not collecting in person, what "couriers" collect cars?
There are Trade Drivers but I don't know they freelance for individuals.... Unless it's a dealer?
All stinks to me though.
Cash on collection is bad enough. Sod dealing with all that palaver.
not collecting in person, what "couriers" collect cars?
There are Trade Drivers but I don't know they freelance for individuals.... Unless it's a dealer?
All stinks to me though.
Cash on collection is bad enough. Sod dealing with all that palaver.
Edited by ridds on Wednesday 13th December 20:24
Jordie Barretts sock said:
Are any of actually reading this thread properly?
Nowhere has the OP said they offered over the asking price. That was a clear tongue in cheek comment from Terminator X referring to the well known Western Union money transfer, etc scam.
It was, apologies derailed the thread Nowhere has the OP said they offered over the asking price. That was a clear tongue in cheek comment from Terminator X referring to the well known Western Union money transfer, etc scam.
TX.
Terminator X said:
Jordie Barretts sock said:
Are any of actually reading this thread properly?
Nowhere has the OP said they offered over the asking price. That was a clear tongue in cheek comment from Terminator X referring to the well known Western Union money transfer, etc scam.
It was, apologies derailed the thread Nowhere has the OP said they offered over the asking price. That was a clear tongue in cheek comment from Terminator X referring to the well known Western Union money transfer, etc scam.
TX.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff