PayPal Domain Purchases

admin · 23-02-2008, 12:17 AM

I have heard some bad things recently about people selling (.COMS) domains where PayPal is used as the payment method.

It seems people are transferring names on receipt of paypal funds, only to find the payment then gets taken back. PayPal do this when a buyer complains they didnt get what they ordered.

I know its different for the UK domain sales process but still, be cautious of PayPal payments for anything.

Admin

ratboy · 23-02-2008, 10:08 AM

I've heard of them sending a fake email saying you have funds then when you check your paypal account later you find nothing in there.

Cheeky buggers.

accelerator · 23-02-2008, 12:15 PM

Can the forum suggest ways to protect yourself against this, for example:

- Ask for a landline telephone number on which you can contact the buyer.

- Agree with the buyer that there will be a delay after receiving PayPal payment before you do the transfer.

admin · 23-02-2008, 02:53 PM

Does anyone know the basis on which PayPal do charge backs? How long after they sent you money can it be recalled by the sender?

argonaut · 23-02-2008, 03:44 PM

I received an email this week 'from' paypal.co.uk but it was a scam from someone trying to obtain my account login details. It was superficially convincing but I wasn't fooled into clicking the embedded link and logging in. Be careful.

FC Domains · 23-02-2008, 03:48 PM

It's easy to get paranoid, look like you don't trust the buyer and lose the deal.
I've used PayPal for many hundreds of payments and not had a single problem.

If you look at the small print almost every form of payment can be called back, for months.

There is also the point that if you trade is a straightforward way, you attract honest buyers.

ratboy · 23-02-2008, 05:22 PM

At the end of the day if you are worried then hold the paperwork back that bit longer and only daft people would do huge sums on paypal the fees themselves stop you doing that!

mally · 24-02-2008, 03:31 PM

I sell shop items by paypal and its a right chew on when some body claims they haven't got their stuff

I've had a few charge backs where basically a fraudent payment had been made sometimes months later, a long time after I've sent the goods and there's nothing I can do.

This is done by the bank card company and paypal can do nowt about it

kennyboy · 24-02-2008, 10:49 PM

We use a paypal merchant account and take payments via telephone. We have taken over 250 payments by this method over 12 months and have not had a single problem. It costs £20.00 per month plus fees but works fine.

len · 03-03-2008, 07:45 PM

I think everyone should be aware of this thread at NP. It outlines methods used and the person(s) involved. Hopefully it will save some of you from this vermin!
http://www.namepros.com/431828-bewar...scammed-4.html

23-02-2008, 12:17 AM	#1
admin Administrator Join Date: Jun 2004 Posts: 5,976 Domain Trader Rating: (0% / 0)	PayPal Domain Purchases I have heard some bad things recently about people selling (.COMS) domains where PayPal is used as the payment method. It seems people are transferring names on receipt of paypal funds, only to find the payment then gets taken back. PayPal do this when a buyer complains they didnt get what they ordered. I know its different for the UK domain sales process but still, be cautious of PayPal payments for anything. Admin __________________ 9p Domains \| Domain Appraisal \| Droplists \| Domain Brokerage \| Find Valuable Domains \| Link to us \| Domain Software New to UK Domain Names? - Go Here \| Check Drop Dates \| Domain Transfers \| Game Consoles Make more money from your Domain Names with SedoPro - PM for a free activation code!

23-02-2008, 02:53 PM	#4
admin Administrator Join Date: Jun 2004 Posts: 5,976 Domain Trader Rating: (0% / 0)	Does anyone know the basis on which PayPal do charge backs? How long after they sent you money can it be recalled by the sender? __________________ 9p Domains \| Domain Appraisal \| Droplists \| Domain Brokerage \| Find Valuable Domains \| Link to us \| Domain Software New to UK Domain Names? - Go Here \| Check Drop Dates \| Domain Transfers \| Game Consoles Make more money from your Domain Names with SedoPro - PM for a free activation code!

23-02-2008, 03:48 PM	#6
FC Domains Join Date: Mar 2005 Posts: 695 Domain Trader Rating: (100% / 22)	It's easy to get paranoid, look like you don't trust the buyer and lose the deal. I've used PayPal for many hundreds of payments and not had a single problem. If you look at the small print almost every form of payment can be called back, for months. There is also the point that if you trade is a straightforward way, you attract honest buyers. __________________ Colin FC Domains Domains drop-caught and sold at wholesale prices

24-02-2008, 03:31 PM	#8
mally Join Date: Mar 2006 Location: Durham Posts: 504 Domain Trader Rating: (100% / 11)	I sell shop items by paypal and its a right chew on when some body claims they haven't got their stuff I've had a few charge backs where basically a fraudent payment had been made sometimes months later, a long time after I've sent the goods and there's nothing I can do. This is done by the bank card company and paypal can do nowt about it Last edited by mally; 25-02-2008 at 06:46 AM.

24-02-2008, 10:49 PM	#9
kennyboy Member Join Date: Sep 2007 Location: Preston Posts: 99 Domain Trader Rating: (0% / 0)	We use a paypal merchant account and take payments via telephone. We have taken over 250 payments by this method over 12 months and have not had a single problem. It costs £20.00 per month plus fees but works fine. __________________ http://www.tbonesteak.co.uk http://www.fly2us.co.uk

23-02-2008, 10:08 AM	#2
ratboy Join Date: Sep 2005 Posts: 1,194 Domain Trader Rating: (100% / 23)	I've heard of them sending a fake email saying you have funds then when you check your paypal account later you find nothing in there. Cheeky buggers.

23-02-2008, 12:15 PM	#3
accelerator Join Date: Apr 2005 Posts: 1,088 Domain Trader Rating: (100% / 5)	Can the forum suggest ways to protect yourself against this, for example: - Ask for a landline telephone number on which you can contact the buyer. - Agree with the buyer that there will be a delay after receiving PayPal payment before you do the transfer.

23-02-2008, 03:44 PM	#5
argonaut Join Date: Mar 2005 Posts: 929 Domain Trader Rating: (100% / 1)	I received an email this week 'from' paypal.co.uk but it was a scam from someone trying to obtain my account login details. It was superficially convincing but I wasn't fooled into clicking the embedded link and logging in. Be careful.

23-02-2008, 05:22 PM	#7
ratboy Join Date: Sep 2005 Posts: 1,194 Domain Trader Rating: (100% / 23)	At the end of the day if you are worried then hold the paperwork back that bit longer and only daft people would do huge sums on paypal the fees themselves stop you doing that!

03-03-2008, 07:45 PM	#10
len Member Join Date: Feb 2008 Location: Canada Posts: 45 Domain Trader Rating: (0% / 0)	I think everyone should be aware of this thread at NP. It outlines methods used and the person(s) involved. Hopefully it will save some of you from this vermin! http://www.namepros.com/431828-bewar...scammed-4.html __________________ Take a look!>>> >>> Whistle PushtoAuction.com - A new place to post domains you'd like to push to auction.

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