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tbonesteak · 5 December 2017, 05:48 AM

I've done endless reading about how a seller could be scammed selling a Rolex on PayPal through buyer protection... Seems like that is why most sellers don't accept it.

My question is about someone sending money via friends/family - is that safer for a seller in a F2F?

Thanks forum!

tng11 · 5 December 2017, 05:59 AM

Send under "Gift" or friends and family is still not safe AFAIK. The problem is the sender could be using a fraudulent credit card, and when it gets charged back, the seller is stuck with the loss. I never, ever take Paypal under any circumstances for high-value transactions.

beshannon · 5 December 2017, 07:00 AM

Quote:

Originally Posted by tbonesteak

My question is about someone sending money via friends/family - is that safer for a seller in a F2F?

No.

You should probably read the PayPal disclosures, there are no protections sending money like that

https://www.paypal.com/us/webapps/mp...#sending-money

tbonesteak · 5 December 2017, 07:03 AM

Quote:

Originally Posted by beshannon

No.

You should probably read the PayPal disclosures, there are no protections sending money like that

https://www.paypal.com/us/webapps/mp...#sending-money

For the seller (receiving, not sending), not buyer.

Thanks.

AK797 · 5 December 2017, 07:30 AM

Paypal gift is OK if you mostly trust the buyer and it's for a few hundred bucks. Any more and bank transfer or face only.

tbonesteak · 5 December 2017, 08:12 AM

Quote:

Originally Posted by AK797

Paypal gift is OK if you mostly trust the buyer and it's for a few hundred bucks. Any more and bank transfer or face only.

Yea, this is where I am... Just passed on a PayPal offer for a watch I have for sale like 5 minutes ago after giving it some thought.

I'd rather wait than risk it.

keschete · 5 December 2017, 03:24 PM

I have purchased two watches from trusted sellers using PayPal. I paid the pay pal fees. It was an easy way to stick it on my credit card and not have to fool around getting the money wired.

The key is that both sides have references. Both transactions were seamless. I have two beautiful Subs! A 16610 and a 16613 Serti.

Rocco21 · 5 December 2017, 09:34 PM

I’ve sold 60+ watches and I’d say 45 were thru PayPal and never once had a problem.done prob 1000 PayPal transactions and not once did I have an issue.

m j b · 5 December 2017, 10:26 PM

People here always say "buy the seller". Well, you also have to buy the buyer, since a bad buyer can cause you lots of trouble. I've had offers from folks with PP, and I turn them down. But I've also sold watches where I was paid via PP F&F and had no issue because the buyer was a stand-up guy.

I suspect that the F&F funds must be in the account, not via CC. Otherwise, PP would be eating those CC fees, and they certainly aren't going to do you any favors, right? The only real risk then lies in a hijacked account, but if you ship it to the registered address, you limit your risk.

To summarize: use your gut. If it (buying, selling) doesn't feel right for any reason, then pass.

5 December 2017, 05:48 AM	#1
tbonesteak "TRF" Member Join Date: Oct 2015 Location: New York Watch: me go broke! Posts: 1,657	PayPal Question I've done endless reading about how a seller could be scammed selling a Rolex on PayPal through buyer protection... Seems like that is why most sellers don't accept it. My question is about someone sending money via friends/family - is that safer for a seller in a F2F? Thanks forum!

5 December 2017, 03:24 PM	#7
keschete "TRF" Member Join Date: Oct 2007 Real Name: Kaya Location: Louisiana Watch: 116500 Posts: 3,575	I have purchased two watches from trusted sellers using PayPal. I paid the pay pal fees. It was an easy way to stick it on my credit card and not have to fool around getting the money wired. The key is that both sides have references. Both transactions were seamless. I have two beautiful Subs! A 16610 and a 16613 Serti. __________________ GMT II BLNR, Submariner, Submariner Serti, Datejust, Daytona C, TT Yacht Master, Hulk Submariner, Pepsi GMT II

5 December 2017, 10:26 PM	#9
m j b "TRF" Member Join Date: Mar 2011 Real Name: Michael Location: RTP, NC, USA Watch: ♕& Ω Posts: 5,221	People here always say "buy the seller". Well, you also have to buy the buyer, since a bad buyer can cause you lots of trouble. I've had offers from folks with PP, and I turn them down. But I've also sold watches where I was paid via PP F&F and had no issue because the buyer was a stand-up guy. I suspect that the F&F funds must be in the account, not via CC. Otherwise, PP would be eating those CC fees, and they certainly aren't going to do you any favors, right? The only real risk then lies in a hijacked account, but if you ship it to the registered address, you limit your risk. To summarize: use your gut. If it (buying, selling) doesn't feel right for any reason, then pass. __________________ Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds...

5 December 2017, 05:59 AM	#2
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,634	Send under "Gift" or friends and family is still not safe AFAIK. The problem is the sender could be using a fraudulent credit card, and when it gets charged back, the seller is stuck with the loss. I never, ever take Paypal under any circumstances for high-value transactions.

5 December 2017, 07:30 AM	#5
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,369	Paypal gift is OK if you mostly trust the buyer and it's for a few hundred bucks. Any more and bank transfer or face only.

5 December 2017, 09:34 PM	#8
Rocco21 Banned Join Date: Jan 2016 Real Name: Rob Location: Cape Cod Watch: 126660,126600 Posts: 1,324	I’ve sold 60+ watches and I’d say 45 were thru PayPal and never once had a problem.done prob 1000 PayPal transactions and not once did I have an issue.

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