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  #1  
Old 08-30-2014
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Default is 3k too much?

I need to sell my washing machine to pay a few things. Paypal and ebay are free of restrictions. I've received a few hundred dollars sales here and there also 1k once. Will a 3k payment raise red flags? like send in invoices and crap?

thanks
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Old 08-30-2014
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Default Re: is 3k too much?

Yes...

dangerous amount.

Any other possibility of accepting another payment method?
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Old 08-30-2014
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Default Re: is 3k too much?

I would say there would be a high chance it will go into review.

How old is the account? Have you supplied EIN/SSN?
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Old 08-30-2014
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Default Re: is 3k too much?

$3,000 Washing Machine? Is it made out of Gold?
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Old 08-30-2014
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Default Re: is 3k too much?

Quite the large transaction OP...how long ago did you receive 1k?
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Old 08-30-2014
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Default Re: is 3k too much?

Account is about a year old. I got the 1k for my macbook 5 days ago, shipped out and withdrew without a problem...

The thing is I don't have ss to give them ****ers :( but i need this money.
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Old 08-30-2014
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Default Re: is 3k too much?

Quote:
Originally Posted by BigCJ View Post
Yes...

dangerous amount.

Any other possibility of accepting another payment method?


what other payment can i use? when i try to list with "pay onpickup" it refuses and tells me i must use paypal
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Old 08-30-2014
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Default Re: is 3k too much?

You have to 'offer' paypal.

But if you clearly state cash on collecton only, most buyers wont have a problem.

Infact, create a fresh stealth account, list it on that. Then if your buyer tries paying by paypal, you can just refund without fear of getting a defect or neg. Just throw the account away once the transaction is complete.
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Old 08-30-2014
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Default Re: is 3k too much?

That is fantastic advice just_smile! I have been doing this with high dollar items. ATVs, Autos, boat motors where 99% of the time it is cash in person.
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Old 08-30-2014
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Default Re: is 3k too much?

I agree, since you are obviously going to sell this locally, go for it. If the buyer wants to use PayPal, just keep on pushing for cash. If push comes to shove, tell the buyer you don't want to pay the 3% in PayPal fees and offer to accept PayPal at THEIR expense. My guess is that cash will quickly appear!

Last edited by jeffweico; 08-30-2014 at 08:11 PM.
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Old 08-30-2014
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Default Re: is 3k too much?

Cash is king.

If you can get that, go for it.

But BEWARE of a buyer insisting on paypal.

They will pick the item up and then open a case you are almost certain to lose because you have no proof.
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Old 08-30-2014
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Default Re: is 3k too much?

I didn't think of that. Why not prepare a receipt? You sign where it says received $3,000 and the buyer signs that he received the merchandise?

From my understanding, you CAN accept cash if a buyer picks an item up, but you have to offer PayPal as an option. Or am I wrong?
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Old 08-30-2014
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Default Re: is 3k too much?

You are correct Jjeff, also take a couple pics upon delivery and signiture of prrof of delivery.
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Default Re: is 3k too much?

Quote:
Originally Posted by just_smile View Post
You have to 'offer' paypal.

But if you clearly state cash on collecton only, most buyers wont have a problem.

Infact, create a fresh stealth account, list it on that. Then if your buyer tries paying by paypal, you can just refund without fear of getting a defect or neg. Just throw the account away once the transaction is complete.
Did everything you said, awesome advice man. Finally got the darn thing up and I don't have to worry about shipping!

Quote:
Originally Posted by yankee View Post
You are correct Jjeff, also take a couple pics upon delivery and signiture of prrof of delivery.
Yes this will be done also. Thank you all
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Old 08-30-2014
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Default Re: is 3k too much?

Jet, the $1k for macbook may fly and you got lucky.

But for such large item with high value, I think that craigslist is better no?

I have sold $5k worth of TV on it once and it worked better than eBay
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Default Re: is 3k too much?

Quote:
Originally Posted by SaiJin View Post
Jet, the $1k for macbook may fly and you got lucky.

But for such large item with high value, I think that craigslist is better no?

I have sold $5k worth of TV on it once and it worked better than eBay
Nah I seem to attract alot of scum off craigslist idk why
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Default Re: is 3k too much?

What's your selling limit?
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Old 08-31-2014
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Default Re: is 3k too much?

Jetplanes, if the buyer pays by paypal, DO NOT think you are covered by getting them to sign a receipt or takeing pictures. You WILL NOT be covered by paypal.

The buyer can simply claim it is not them in the photo. You could film the whole meeting from start to finish and it still wouldnt mean anything to paypal.

The only way that you should be paid for a pick up item is cash on collection or bank transfer.
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Old 08-31-2014
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Default Re: is 3k too much?

Quote:
Originally Posted by just_smile View Post
Jetplanes, if the buyer pays by paypal, DO NOT think you are covered by getting them to sign a receipt or takeing pictures. You WILL NOT be covered by paypal.

The buyer can simply claim it is not them in the photo. You could film the whole meeting from start to finish and it still wouldnt mean anything to paypal.

The only way that you should be paid for a pick up item is cash on collection or bank transfer.
This is NOT true at all but I personally only accpet cash in person these days.
Paypal will take ALL signed proof of delivery with eligible signiture faster than a "delivered to zipcode" USPS scan. Of course you have to do it correctly. No napkin contacts, lol
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Old 08-31-2014
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Default Re: is 3k too much?

Quote:
Originally Posted by yankee View Post
This is NOT true at all but I personally only accpet cash in person these days.
Paypal will take ALL signed proof of delivery with eligible signiture faster than a "delivered to zipcode" USPS scan. Of course you have to do it correctly. No napkin contacts, lol
Yankee you really can't do that. Paypals seller protection rules are clear.

Otherwise you could sell a 5k tv on ebay, get paid via paypal, withdraw the cash, then get your mate jack the lad from round the corner to come and sign your 'receipt'

It is easily open to abuse and that is why paypal do not accept it. There rules are in place for a reason.
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Old 08-31-2014
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Default Re: is 3k too much?

All very good ideas OP - especially the part about NOT expecting PP to cover your sale...PP is not 100% reliable.

Since you are likely to deal with the buyer in person...arrange the sale in this way
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Old 08-31-2014
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Default Re: is 3k too much?

Quote:
Originally Posted by just_smile View Post
Yankee you really can't do that. Paypals seller protection rules are clear.

Otherwise you could sell a 5k tv on ebay, get paid via paypal, withdraw the cash, then get your mate jack the lad from round the corner to come and sign your 'receipt'

It is easily open to abuse and that is why paypal do not accept it. There rules are in place for a reason.
You REALLY can! Call paypal and learn the facts.
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