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05-31-2011, 05:49 AM #1Web Hosting Evangelist
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Dilemma: $1,300 via PayPal or $700 via Escrow?
I'm selling a website (domain + content), I posted it up on a site for sale and put a BIN of $1,300 and had a auction running from $400 with a reserve of $500.
Some guy from Nepal showed interest in the auction at around the $600 mark, put a few bids in and it got to $900 (between the 5 or so bidders) before he did a BIN at $1,300.
Now, he's wanting to use PayPal instead of Escrow saying that his country dont allow him to do wire transfers. I've said no so far and insisted on using Escrow.
I've messaged the other people who bid on the auction stating that I've been having trouble with the winning bidder and asked if they're interested, one has come back saying he'll buy for $700 through Escrow as planned.
What would you do?Clook: Fully Managed UK Based Hosting · CloudFlare Optimised Partner!
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05-31-2011, 06:02 AM #2WHT Addict
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u should not sell using paypal
by the way what is ur domain name that makes it so worth██ » Tucky - Get in touch: webcrafttucky@gmail.com
██ » Freelancer-System Administrator
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05-31-2011, 06:12 AM #3Disabled
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escrow .
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05-31-2011, 06:22 AM #4Web Hosting Evangelist
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Thanks guys, I didn't think I was being stupid by refusing the higher amount via PayPal.
Cheers.Clook: Fully Managed UK Based Hosting · CloudFlare Optimised Partner!
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05-31-2011, 06:29 AM #5I route, therefore I am
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Lol, Nepal is a high risk country to begin with. Stick to Escrow.
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05-31-2011, 07:09 AM #6Big fan of RajiniKanth!!!
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05-31-2011, 07:31 AM #7I route, therefore I am
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05-31-2011, 07:51 AM #8Disabled
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turkey is famous for that kind of deceitful behavior even inside turkey. everyone complains about that, and yet a lot of them keep doing that.
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05-31-2011, 07:54 AM #9Junior Guru Wannabe
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Definitely choose Escrow over PayPal. PayPal was worth it only if you trusted the buyer.
██Creatifox - From May 13th!
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05-31-2011, 07:57 AM #10Web Hosting Evangelist
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He claims he's got a US Verified account, his "friend" is letting him use it.
It just reeks "scam!!" all over, plus if the account is tied to a credit card, they have 120 days to charge-back.Clook: Fully Managed UK Based Hosting · CloudFlare Optimised Partner!
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05-31-2011, 09:04 AM #11Big fan of RajiniKanth!!!
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05-31-2011, 02:28 PM #12Hosting Billing Master
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05-31-2011, 02:53 PM #13Disabled
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ESCROW!
Why would he offer $1,300 with winning bid of $700, id ask if you would accept PayPal before even bidding. Maybe throw another $50 for your trouble but a jump of $600 and especially from a country that does not have as much capital as the USA? Yeah, lets think about it for a while..... NOT.
I wish you the best of luck!
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06-01-2011, 03:07 AM #14Web Hosting Evangelist
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Just a quick follow up, I managed to get the full $1,300 from one of the other bidders via Escrow.
All is well in this case, no lost listing fee'sClook: Fully Managed UK Based Hosting · CloudFlare Optimised Partner!
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06-01-2011, 10:49 PM #15Web Hosting Master
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06-03-2011, 02:14 PM #16Newbie
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Congrats on the follow up!
Just for reference, in a situation like that:
I never tried this but how about sending a Paypal invoice and clearly stating in the terms and conditions that "No return, refund, or cancellation, or Paypal disputes<~~ allowed after payment."
That way when he tries to dispute through PayPal you have some kind of common ground. Not sure if it works but it should right? Once you pay, you are bound to those terms and conditions.
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06-03-2011, 02:44 PM #17Web Hosting Master
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Unfortunately, you can't override the PayPal Terms of Service with such a text add-on. Nice try, though!
Sometimes so-called "intangible items" (e.g. digital items) can be safe, but the real issue may be if the PayPal account is stolen. If, say, a credit card chargeback is filed, you may ultimately be out of luck as a seller.
-mike
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06-03-2011, 04:24 PM #18Newbie
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