Well, ill add my two cents here. I work for a liquidation company and have done over 600+ transactions on ebay. I sold my AQ 2200D with this very same fear in my mind a while back, luckily the buyer received the amp just fine and left positive feedback.
While the paypal system is very biased toward the buyer, there's probably one set way a seller can sell electronics like an amp or woofer and not fear getting screwed. Depending on your reasoning for doing this, this method by some may be considered cheap but it works for me and if your doing it for the right reason (not getting scammed) you will really protect yourself. Some people might flame me for this, but it also might save someone from being scammed in the future
If your selling an amp on ebay and someone buys it and pays, there is naturally about a 5-6 day wait. As the seller, you instantly receive these funds and then can distribute them to your bank account. If you transfer the funds to your bank account right away, all the better. Do this, and once the funds clear in your bank account, remove your credit card information or bank account info (doing this makes you unverified, but you can add that same bank account right back on after the transaction is finished and your automatically verified again). if the buyer receives the amp as working and all is good and leaves good feedback, you can add your card back and since he left feedback cannot open a dispute.
Now, say seller is a POS loser who is trying to scam you out of an amp like others have mentioned. If he opens a dispute, you can tell him to send it back to see if it operates correctly or is really defective. if he does not agree and wants paypal to take funds from your account, he can't. Since transferring funds takes about 3 days, its almost always earlier completed then it takes for the buyer to receive the electronic via UPS. With your bank info no longer attached to paypal, the crappy buyer can do nothing to get money back while still keeping your amp. Granted, you will probably receive a negative feedback on ebay, but this seems to be worth it as compared to losing several hundred dollars.
While I've never been scammed myself, this is what I always do to protect myself. Very simple and I only condone it for honest safeguard practices of your money against scammers
Your logic is flawed. I've randomly had funds held up on eBay transactions with some sort of BS reasoning from PayPal. Generally it is something to the effect stating that electronics are high risk items and PayPal is holding my funds until 7 to 14 days after the buyer receives the goods OR until I receive positive feedback.If your selling an amp on ebay and someone buys it and pays, there is naturally about a 5-6 day wait. As the seller, you instantly receive these funds and then can distribute them to your bank account.
I can confirm that andy4879 is back to his old ways! I sold him an Alpine MRD-F752 5-channel amplifier in perfect condition. Packaged it well, and shipped it off to him. He told me it was broken upon receiving it (speaker terminals were bent, he claimed) but that there was no box damage--absolutely impossible given how I packaged it and how durable this amp was.Golfclubsrus2008-2008 is Andy 'Drew" Weiser from Ebay.
His selling name is Andy4879 and he has been doing this SCAM for years and years.
So far as I understand it, even if your paypal account is empty and your bank account detatched, paypal will simply place a negative amount on your account. So in effect, you are risking your paypal account instead of the amplifier. Also, I wouldn't be surprised if paypal didn't ding your credit rating for having an outstanding balance with them for a certain period of time.Well, ill add my two cents here. I work for a liquidation company and have done over 600+ transactions on ebay. I sold my AQ 2200D with this very same fear in my mind a while back, luckily the buyer received the amp just fine and left positive feedback.
While the paypal system is very biased toward the buyer, there's probably one set way a seller can sell electronics like an amp or woofer and not fear getting screwed. Depending on your reasoning for doing this, this method by some may be considered cheap but it works for me and if your doing it for the right reason (not getting scammed) you will really protect yourself. Some people might flame me for this, but it also might save someone from being scammed in the future
If your selling an amp on ebay and someone buys it and pays, there is naturally about a 5-6 day wait. As the seller, you instantly receive these funds and then can distribute them to your bank account. If you transfer the funds to your bank account right away, all the better. Do this, and once the funds clear in your bank account, remove your credit card information or bank account info (doing this makes you unverified, but you can add that same bank account right back on after the transaction is finished and your automatically verified again). if the buyer receives the amp as working and all is good and leaves good feedback, you can add your card back and since he left feedback cannot open a dispute.
Now, say seller is a POS loser who is trying to scam you out of an amp like others have mentioned. If he opens a dispute, you can tell him to send it back to see if it operates correctly or is really defective. if he does not agree and wants paypal to take funds from your account, he can't. Since transferring funds takes about 3 days, its almost always earlier completed then it takes for the buyer to receive the electronic via UPS. With your bank info no longer attached to paypal, the crappy buyer can do nothing to get money back while still keeping your amp. Granted, you will probably receive a negative feedback on ebay, but this seems to be worth it as compared to losing several hundred dollars.
While I've never been scammed myself, this is what I always do to protect myself. Very simple and I only condone it for honest safeguard practices of your money against scammers
Paypal will push your account into negative, period. And hunt you down by using your social security nbr you entered when you first joined the site.So far as I understand it, even if your paypal account is empty and your bank account detatched, paypal will simply place a negative amount on your account. So in effect, you are risking your paypal account instead of the amplifier. Also, I wouldn't be surprised if paypal didn't ding your credit rating for having an outstanding balance with them for a certain period of time.
That sucks bro.. I know you are a good seller, I'm still running the Crossfire VR2000D you sold me.. //content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.gifPaypal will push your account into negative, period. And hunt you down by using your social security nbr you entered when you first joined the site.
About 8 months ago, I sold an iPhone 3G on ebay to a guy from Australia. He won the auction at 550 bucks.
I got pics n everything. Packaged it up good and sent it out. It arrived there n all that, even the tracking says so.
But the guy from Australia simply said he never got it so paypal just sided with him immediately putting my account into negative 550. There was not a single thing I could do to restore that balance. I decided to screw them and I never got back into my acct as paypal placed a lock on my acct.
Fast forward to 5 days ago from today, I noticed I got a letter in my university PO Box and turns out it was a letter from creditors, stating that I need to pay paypal back otherwise my credit score is kaboom.
So as of now I am working on finding 550 and pay it back.. I am down pretty much one thousand dollars. 550 bucks plus the phone.
This is like a punch in my face but all I can do is pay up and move on.
P.S. Yes it might have been my fault for selling the phone internationally, but I'm just trying to say that paypal will not side with seller at all.
thanks. glad to hear the 2000d is still doing good!That sucks bro.. I know you are a good seller, I'm still running the Crossfire VR2000D you sold me.. //content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.gif
The BS about this Andy 'Drew" Weiser ******* is almost unbelievable.. does anyone have his address or other contact info? People like that deserve to be ****ed with...
Can anyone comment on any merchant account companies other then paypal ? I think I'd like to set one up.