Paypal safe sell high value items?

Snow-Munki · 27 Oct 2020 at 12:08

Hi,
I have just hopefully managed to sell a £700 item on facebook market place.

He has asked for my PayPal details, should I be concerned ?

I mentioned bank transfer but they said they are happy to cover any PayPal fees. My main concern is if they reverse the payment ??

I would give him my PayPal.me address if that is of any help??

Cheers

Edit: it setup as Personal payments and not Goods and Services

tom_e · 27 Oct 2020 at 12:10

Don't even consider it.

You might as well just burn the item.

Cash on collection only for places like FB marketplace and make sure you check the cash as well.

Snow-Munki · 27 Oct 2020 at 12:12

yeah that was my main concern. Glad i checked.

So bank transfer or cash ?

Basher · 27 Oct 2020 at 12:13

Definitely do not, ever use PayPal. We had a situation recently where we paid (via PayPal) around £1,200 for a service that the other party ended up not delivering. We disputed it and PayPal sided with them.

Get them to do a bank transfer in front of you (should be instant these days) and give them the item once you see the cash in your account.

Semple · 27 Oct 2020 at 12:14

Snow-Munki said:
yeah that was my main concern. Glad i checked.

So bank transfer or cash ?

Frankly for that much, i'm not sure i'd even bother with cash.

413x · 27 Oct 2020 at 12:40

It's scary people have to ask this. Just shows how many people get scammed

200sols · 27 Oct 2020 at 12:41

Snow-Munki said:
yeah that was my main concern. Glad i checked.

So bank transfer or cash ?

Cash only.

Gray2233 · 27 Oct 2020 at 12:43

Cash in hand.

Be sure to take a good look at the cash, a lot of people try it on with forged notes and sometimes hide them between legit stuff.

Facebook MM can be great for a deal but it's dodgy as hell and you need to be careful.

Diddums · 27 Oct 2020 at 12:44

Gray2233 said:
Cash in hand.

This. The end.

Snow-Munki · 27 Oct 2020 at 12:47

Thanks again guys, yeah alarm bells started ringing so thought i'd best check.

Why not bank transfer btw ?

Bes · 27 Oct 2020 at 18:24

Surely if using Paypal Gift the transaction cannot be reversed? (Or am I wrong?) Can the OP ask for that?

Edit: But yes I would go for 'BT in front of me' as my preferred option too.

FireTwo · 27 Oct 2020 at 18:26

paypal gift can be refunded if the card was stolen.

Malevolence · 27 Oct 2020 at 18:26

On places like FB marketplace and Gumtree you should stick to cash on collection only. And grab yourself a UV checker too.