(Topic ID: 232822)

Whats the safest way for a seller to receive money

By hoby1

5 years ago


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    #15 5 years ago

    Escrow.com. Note that there are more protections there than just getting the money into your account. See the link to Vid's guide above.

    #53 5 years ago
    Quoted from f3honda4me:

    I think what most people forget about is the buyer's point of view as well. I'm ok with doing paypal as a buyer since I have some recourse if I get scammed. With a wire transfer, I have zero recourse as a buyer if something goes wrong. With wire transfer you are literally sending cash to a total stranger and hoping they are 100% trustworthy. Paypal used to be easier to scam, but in recent years, they now require "proof" if someone tries to do a chargeback stating fraud etc. Credit card companies are the same way, and in most cases will side with whatever paypal decides. I myself have won such claims as a seller recently, from buyers who were trying to scam the system using the old scam methods of "my credit card was stolen", only to find out that paypal and the CC company work together to stop their sham.

    That's one of the reasons to use escrow.com. It protects both parties from being scammed. Cash on the glass great, but long distance sales need escrow protection.

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