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AJC · 14 November 2005, 06:29 AM

Hey Guys,

I sold my Omega GMT Co-ax and all that is left is my GMT Master II.Like JJ I think I will stick to the one brand and that is Rolex.(Resale etc)

What I wanted to know is,are there any pitfalls using Paypal for payment received (Besides fees).We are both verified users and he has paid the funds from my request already.

My understanding is that once I have received the payment into my Paypal account the funds are secure.The only thing required is for me to transfer the funds to my nominated account.

Is there anyway the funds can be disputed or reversed? Or do I wait untill the funds are clear in my bank account before sending the Omega Stateside.

Any experience in this area would be appreciated.At this stage there are no reasons to expect problems but I would like to avoid them if possible.

Aaron

BTW. Thanks for the kind words.Wade is looking and feeling good although the hospiatl stay is over there are many day trips for the next two years.

G Shearing · 14 November 2005, 08:09 AM

you check your paypal account starting with a fresh new window. If you can see the transaction it has a transaction number. Paypal is a secure site. If the funds show in your account it is money in the bank.
If in doubt transfer it out of paypal account to your bank account. Do you have a pp credit card? You can withdraw through that means but it may have a daily limit.
If you are buying a watch from a big seller. You paypal him the money and your watch is then sent. They do not wait for any clearance. That is only for bank drafts or cheques.
I use it as it is quick and safe and sure they charge you fees but these address safety concerns and pp is owned by the auction site.

mailman · 14 November 2005, 08:53 AM

Hey Aaron. Great news about Wade.

Glad things are looking up.

BruceS · 14 November 2005, 09:16 AM

Hey Aaron, glad to hear Wade is doing better

dman · 14 November 2005, 10:10 AM

I have done tons of deals on PP, and like G said, if in doubt move it out of your PP account right away. You seem to feel comfortable with your buyer and that is what is more important.

Uncle-AJ · 14 November 2005, 12:15 PM

The news on Wade sounds encouraging.

padi56 · 14 November 2005, 06:44 PM

Glad little Wade is feeling better Aaron,have used Paypal for several
transactions never a problem its as safe as it can be.

14 November 2005, 06:29 AM	#1
AJC Member Join Date: Jul 2005 Location: Australia Posts: 1,878	Paypal Questions Hey Guys, I sold my Omega GMT Co-ax and all that is left is my GMT Master II.Like JJ I think I will stick to the one brand and that is Rolex.(Resale etc) What I wanted to know is,are there any pitfalls using Paypal for payment received (Besides fees).We are both verified users and he has paid the funds from my request already. My understanding is that once I have received the payment into my Paypal account the funds are secure.The only thing required is for me to transfer the funds to my nominated account. Is there anyway the funds can be disputed or reversed? Or do I wait untill the funds are clear in my bank account before sending the Omega Stateside. Any experience in this area would be appreciated.At this stage there are no reasons to expect problems but I would like to avoid them if possible. Aaron BTW. Thanks for the kind words.Wade is looking and feeling good although the hospiatl stay is over there are many day trips for the next two years.

14 November 2005, 08:09 AM	#2
G Shearing Member Join Date: Aug 2005 Location: Canadian NW Posts: 176	Make sure... you check your paypal account starting with a fresh new window. If you can see the transaction it has a transaction number. Paypal is a secure site. If the funds show in your account it is money in the bank. If in doubt transfer it out of paypal account to your bank account. Do you have a pp credit card? You can withdraw through that means but it may have a daily limit. If you are buying a watch from a big seller. You paypal him the money and your watch is then sent. They do not wait for any clearance. That is only for bank drafts or cheques. I use it as it is quick and safe and sure they charge you fees but these address safety concerns and pp is owned by the auction site.

14 November 2005, 08:53 AM	#3
mailman TRF Moderator & SubLV41 2024 Patron Join Date: Oct 2005 Location: . Watch: 126610LN Posts: 35,510	Hey Aaron. Great news about Wade. Glad things are looking up. __________________ JJ

14 November 2005, 10:10 AM	#5
dman Lifetime TRF Patron Join Date: May 2005 Real Name: Daren Location: Austin Watch: the road Posts: 13,585	I have done tons of deals on PP, and like G said, if in doubt move it out of your PP account right away. You seem to feel comfortable with your buyer and that is what is more important. __________________ You either get it or you don't, if you have to ask, YOU DON'T!! I really hope that midget cop doesn't find me in Kokomo.

14 November 2005, 12:15 PM	#6
Uncle-AJ "TRF" Member Join Date: Dec 2004 Real Name: Adrian Location: Bolton, UK. Watch: Daytona 116520 Posts: 6,844	The news on Wade sounds encouraging. __________________ A man with a watch knows what time it is. A man with two watches is never sure.........Segal's Law Member #10

14 November 2005, 09:16 AM	#4
BruceS "TRF" Member Join Date: Jul 2005 Real Name: Sir Daft Location: Cornwall, UK Watch: Too many Posts: 2,464	Hey Aaron, glad to hear Wade is doing better

14 November 2005, 06:44 PM	#7
padi56 "TRF" Life Patron Join Date: Jun 2005 Real Name: Peter Location: Llanfairpwllgwyng Watch: ing you. Posts: 53,064	Glad little Wade is feeling better Aaron,have used Paypal for several transactions never a problem its as safe as it can be. __________________ ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder

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