Is Paypal Safe?

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[Post New]10/27/2011 10:31
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Anonymous
I'm trying to sell something on Craigslist and someone wants to pay by Paypal. I've got an account, but have rarely used it, and don't know much about it. I've never used it to get money, just pay. Is it relatively safe to accept payment this way?

[Post New]10/27/2011 10:34
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ThatSmileyFaceGuy
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Anonymous wrote:I'm trying to sell something on Craigslist and someone wants to pay by Paypal. I've got an account, but have rarely used it, and don't know much about it. I've never used it to get money, just pay. Is it relatively safe to accept payment this way?



As safe as any other online transaction. However remember that if you choose to move the money into your personal checking account, PayPal takes a cut. However you can also leave it in your PayPal account and use it for your own purchases without paying the percentage.
[Post New]10/27/2011 10:34
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Anonymous
I think so. I've used it as a payor and a payee and never had any issues. (though it does charge a small fee, i think, so you want to include that in your calculations of how much you'll actually get paid.) I think it's probably the safest way to pay a stranger these days, and would definitely use it for a craigslist purchase if they didn't have the cash.
[Post New]10/27/2011 10:35
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Anonymous
quite.
[Post New]10/27/2011 10:35
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Anonymous
Are they paying via check or credit card? If by check you will need to wait a few days for it to clear. Do not let them pick up the item until the check clears the Paypal account.

There are fees associated with accepting money via Paypal. You will need to figure this out and add it to the amount. I'm not sure how this works since you have a personal account and not a retail account. There are paypal calculators available -- just google.

[Post New]10/27/2011 10:36
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Anonymous
I use paypal to pay on other websites when it's an option just because that limits the number of different sites I give my credit card information to.
[Post New]10/27/2011 10:37
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Anonymous
I really love paypal now. I used it to buy something that ended up being a scam. I contacted them and they helped walk me through the appeals process. I ended up getting a full credit to my account with no hassel.

I use them for ebay purchases and anythign else online.
[Post New]10/27/2011 10:37
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Anonymous
ThatSmileyFaceGuy wrote:However remember that if you choose to move the money into your personal checking account, PayPal takes a cut. However you can also leave it in your PayPal account and use it for your own purchases without paying the percentage.


Actually, this is not true. The fees are imposed at the time of the transaction, they do not charge you for moving the money to your account.
[Post New]10/27/2011 10:43
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ThatSmileyFaceGuy
Member Offline
Anonymous wrote:
ThatSmileyFaceGuy wrote:However remember that if you choose to move the money into your personal checking account, PayPal takes a cut. However you can also leave it in your PayPal account and use it for your own purchases without paying the percentage.


Actually, this is not true. The fees are imposed at the time of the transaction, they do not charge you for moving the money to your account.


Perhaps this has changed since the last time I accepted money (probably 5 years) because I remember not having to pay any money until I moved it.
[Post New]10/27/2011 10:55
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Anonymous
I've used paypal a lot and it is very safe. They do charge you a percentage but you can request that the payee pay it since they wanted to use paypal.
[Post New]10/27/2011 11:01
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Anonymous
My only issue with Paypal is how they used to handle large payments. I don't know if they do it anymore. They use to cap their monthly transfer to one person at like $2,000. If you sent a $6,000 payment, they'd pay it out over 3 months. Not so handy when you're selling a motorcycle.
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