1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Is it safe to use paypal as a buyer?

Discussion in 'Site Flipping' started by papagate$$, Jul 18, 2013.

  1. papagate$$

    papagate$$ Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 10, 2011
    Messages:
    116
    Likes Received:
    22
    I'm bidding on a listing on flippa for about $3500-$4000. I asked what payment he preferred and he said paypal.

    I know that the buyer for virtual goods like this has a huge advantage on paypal as they can't prove shipment.. So anyways, should I go through with paypal or insist on escrow?

    Thanks
     
  2. TheeAriGrande

    TheeAriGrande Regular Member

    Joined:
    Jul 14, 2013
    Messages:
    270
    Likes Received:
    151
    Location:
    Candlestick Park
    As a buyer, you're extremely safe paying via paypal (I don't think it's fair). I'm not sure why the seller chose paypal, especially for that amount of money.

    Seems a little fishy to me. Either he is up to something or he's selling his first site. I would look into the sellers history, just to be safe.
     
    Last edited: Jul 18, 2013
  3. maverickk3

    maverickk3 Junior Member

    Joined:
    May 13, 2013
    Messages:
    133
    Likes Received:
    30
    Occupation:
    SEO manager
    Home Page:
    No way paypal , except he deliver domain and content of the site firstly ;)
     
  4. bryanon

    bryanon Executive VIP Premium Member

    Joined:
    Oct 16, 2009
    Messages:
    1,395
    Likes Received:
    1,479
    Exactly.

    Even though a possible dispute is likely to end in your favour, PayPal can only return funds that are still present in the account so if it turns out to be a scam, you send the cash via PayPal and only later find out that you don't get the site transferred then in that time the seller can easily empty their PayPal account and there will be nothing for PP to recoup.

    Above $1k always Escrow!
     
    • Thanks Thanks x 1
  5. Tariq Ghazi

    Tariq Ghazi Jr. VIP Jr. VIP

    Joined:
    Aug 28, 2009
    Messages:
    135
    Likes Received:
    16
    Gender:
    Male
    Occupation:
    Online Marketeer
    Location:
    The Netherlands
    For less amount Paypal is ok. For this much amount you can better go for Escrow. Because pay pal will return the amount which will be present in the account only. If the paypal account is empty means you can not do anything. Escrow is best for high amount.
     
  6. W9go

    W9go Jr. VIP Jr. VIP Premium Member

    Joined:
    May 16, 2011
    Messages:
    3,380
    Likes Received:
    632
    Gender:
    Male
    Occupation:
    chasing girls
    Location:
    chasing girls
    The Commissionin Paypal is quite high ...... so its strage to use it.
     
  7. Young Gun

    Young Gun Newbie

    Joined:
    Feb 1, 2013
    Messages:
    26
    Likes Received:
    1
    Occupation:
    Fund Manager
    Location:
    United States
    Home Page:
    PayPal always finds the buyer in favor, they like the play favorites. :D
     
  8. ZeroHats

    ZeroHats Newbie

    Joined:
    Jul 20, 2013
    Messages:
    26
    Likes Received:
    4
    It should be safe, but maybe not for virtual goods.
     
  9. otoni54

    otoni54 Newbie

    Joined:
    Jul 7, 2013
    Messages:
    2
    Likes Received:
    0
    Occupation:
    ICT specialist
    Location:
    Kampala
    You are safe buying via paypal. When good not received you can raise complain and paypal with recover funds/ cover you up.

    Check if receiver operates verified paypal account.