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Question about selling my website

Discussion in 'Site Flipping' started by Unrealworld, May 1, 2020.

  1. Unrealworld

    Unrealworld Power Member

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    I found a buyer for my website and he said to send me all the money to my PayPal account before I transfer domain. The question is, is it possible after giving him my website to refund the money?
     
    Last edited: May 1, 2020
  2. s1mer

    s1mer Jr. VIP Jr. VIP

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    Depends on the payment method.

    You can't get an answer without telling us what the payment method is.
     
  3. Unrealworld

    Unrealworld Power Member

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    What do you mean? What payment method is for not refund?
     
  4. Ricky.Montana

    Ricky.Montana Jr. VIP Jr. VIP

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    If it's a bank transfer, no. To recover money from a bank transfer issue, he has to give a lot of calls, and the authorities will be involved, etc. ( and this will be a very big hassle, which will incriminate him more and more ).
    If it's through crypto, no. Once the money are sent, everything is done.
    Through PayPal, be sure that he will send you the money with the "Friends&Family" option. In this way, a refund is, 99% of the time, impossible.
     
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  5. alexio

    alexio Power Member

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    use the plateform flippa or escrow, it will secure the $.
    Fees are expensive, but it's worthy
     
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  6. s1mer

    s1mer Jr. VIP Jr. VIP

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    There are some payment methods in which one can chargeback such as PayPal and ones in which you can't chargeback such as crypto.

    So, what payment method are you using?
     
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  7. Ioana.madalina

    Ioana.madalina Junior Member

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    How much we talking?
     
  8. Unrealworld

    Unrealworld Power Member

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    Are you kidding me? I said PayPal method.
    $5000
     
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  9. s1mer

    s1mer Jr. VIP Jr. VIP

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    Please show me where.

    [​IMG]
     
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  10. Unrealworld

    Unrealworld Power Member

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    I can't verify escrow because I have to go to bank and take paper to send them to verify my account and now is lockdown so it's impossible.
     
  11. Unrealworld

    Unrealworld Power Member

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    Sorry man j thought I mentioned PayPal but not.
     
  12. s1mer

    s1mer Jr. VIP Jr. VIP

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    Not a problem.

    Yes, he can chargeback it through PayPal.

    You can diminish the chances of that by doing the payment through F&F but I don't know how that'll go with $5k.

    I recommend waiting until you can go to the bank and go with it through escrow, or ask him to do it via crypto.
     
  13. Unrealworld

    Unrealworld Power Member

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    He can't use bitcoin because he is from India and he said government ban people who buying or selling crypto..is that true or not?
     
  14. anotherjarveeuser

    anotherjarveeuser Regular Member

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    If you have a company you can use paypal business program that will automatic froze all payments for 60 days to avoid chargebacks without being reviewed.
    This is the most secure method for paypal payments.
     
  15. s1mer

    s1mer Jr. VIP Jr. VIP

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    As far as I know, it was banned in 2018 but it seems like the ban was lifted not long ago. (Source)

    I'm not Indian so I can't give an exact answer to that. Maybe @TheVigilante or @VSYNC can help you with this information.
     
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  16. TheVigilante

    TheVigilante Jr. VIP Jr. VIP

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    I believe the government now allows bitcoin for Indians it was like a month ago they announced this decision
     
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  17. Nerva

    Nerva Jr. VIP Jr. VIP

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    Is this the blog that's making 10 bucks per month?

    If that's the case, no one is buying it for $5k, and this is DEFINITELY A SCAM.

    Once you transfer the domain and website files, the buyer will chargeback through PayPal. That's why he's requesting PayPal as a payment method.

    Mark my words. Should you proceed with this, you're getting back in here in a couple of days/weeks/months asking for help because you have a negative balance on PayPal.
     
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  18. Ioana.madalina

    Ioana.madalina Junior Member

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    If you give me 20% i will set up escrow for you. 5k for India that's a big chank of money
     
  19. Unrealworld

    Unrealworld Power Member

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    He don't have problem to use escrow, I have the problem, because I don't have escrow and it's not easy to make it verified due to lockdown.
    I want to be sure if government allow bitcoin in India. If yes we gonna use bitcoin.
     
  20. Nerva

    Nerva Jr. VIP Jr. VIP

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    https://www.lexology.com/library/detail.aspx?g=5cc1e39e-2bd5-45cf-a555-63b4e80ed52b

    "As it stands, bitcoin buying, selling, trading, or mining is not illegal by any law in India."

    Even Escrow.com can be risky sometimes, so do your due diligence and make sure the buyer is legit and reputable before proceeding with this.

    If he's insisting on using PayPal, I urge you to be EXTREMELY CAREFUL, especially if you've already spent a lot of time perfecting your website.