Post # 1
Someone is coming to try on and probably buy my dress this weekend. She has requested to pay by bank transfer or Paypal. Is this wise? I have fears of not receiving payment/ payment gets cancelled on PayPal after that or something and obviously, I won’t even have the dress anymore.
Could someone inform me of the risks involved?
Post # 3
I would personally not do Paypal. If she has received the dress then she can’t make a complaint about not getting it, but she could complain about the actual dress and try to get her money back. Bank transfer is a little less risky, as long as you don’t let her leave without the money clearing your account. But, really, both of those options mean she would be paying with cash that she should have so I would just tell her cash or nothing.
Post # 4
@redband: PayPal is a safe transaction for both parties. I use it wen selling and couldn’t b happier
Post # 5
To clarify: this is not a long distance sale. She will be meeting me in person to try, collect and pay for the dress.
The problem with bank transfer is that it won’t be automatic (it will leave her account but I won’t receive it immediately). She will be coming to my house and will be doing the transaction here if she decides on getting the dress. I would think the earliest I would receive the money is Monday.
With PayPal, I would get a notification when payment has been made but I don’t know if payment can be retracted?
It’s not that I don’t trust this girl but it’s a lot of money and I would be really angry if it turned out wrong:(
Post # 6
Can you just hold the dress until the money clears?
Let her know that you want to avoid headaches over this later (just in case something goes wrong), and if she wouldn’t mind picking up the dress after the money clears, you would be more comfortable with that Let her know that you will hold the dress and take any listings for it down if she wants to buy it.
I’d attach a sign to the dress after she saw it and decided she liked it “SOLD: to Girl’sName, (contact information), Payment pending” so she felt more comfortable with it.
Post # 7
@CakeyP: She’s travelling 3 hours one way for it though and picking it up in person saves shipping costs. I guess maybe she feels more secure if payment is not by cash. I actually prefer non-cash payments too (I mean, what am I going to do with $1300 in cash as where I am, most people debit groceries, buy online etc. nowadays) but just feel that it’s risky if I don’t get the money, it’s not like I can get my dress back:(
I guess my real question is: If we opt for the Paypal route, can buyers retract payment later (by this time, the dress would already be in the buyer’s hands)?
Post # 8
Don’t do it! When they pay via paypal and pick up the dress, they can open a claim and say that you never shipped, and since it was a local pick up, you have absolutely no proof of delivery. Could this person actually be legit? Perhaps. However I would not suggest you take the chance. If they have money in Paypal, they can transfer it to their bank account and then come try the dress on in a few days once the funds have cleared to their account.
ETA ~ Yes if she pays with her credit card she can file a charge back and say the item was never received and with no tracking number you won’t have a leg to stand on.
Post # 9
PayPal is safe and secure. Just be sure to sign something in person when she picks up the dress…something like, “Dress-buyer is paying @redband $1300 via PayPal for a wedding gown. Dress-buyer acknowledges receipt of the dress on X date.” And give her a receipt also. That way you each have something in writing that the transaction took place.
Post # 10
Make sure you both sign a receipt, then you have proof if she tries to open a claim.
I can understand where you’re coming from as a seller, and where she is coming from as a buyer. Paypal is generally a safe route, as long as you cover your bases.
Post # 11
Can you ask for a certified check instead?
A post office or a bank can provide this… basically she pre-pays the check before she gives it to you. The money HAS to be paid up front, and is pre-withdrawn from her account.
I did this when I bought my car; I had to pay the money upfront to the bank and then later I gave that check to the dealer. Some venues request this, too (ours is requesting it for the last payment).
And yes, I agree with the written receipt. Maybe even photographs if you feel that might help.
The problem with Paypal is she could set up a dispute to get her money back, and if you don’t have evidence that she received the goods, you could be out some money for them.
Post # 12
@sailor_girl: the receipt is a good idea.
@redband: if she is coming to you, why can she not bring cash? or a certified cheque?
Post # 13
Thanks for your replies, everyone.
I’ve decided to just accept cash. It’s just less scary (although cash is also dangerous.. there is fake money out there!), I’ve just explained it to her and I hope she understands. If I go the PayPal route, I would be taking a bigger risk (at least she knows where I live) than the buyer (anyway, it is a final sale so it is not like I would accept returns or whatever)
Post # 14
@redband: if counterfeit money or carrying a large amount if cash is a concern, then certified cheque is a good security measure. It only costs about $7 from my bank.
Post # 15
I would want cash or certified cheque before I handed it over. PayPal is great for online stuff, but I don’t see the point in person.
Post # 16
She replied me:( Says as it’s short notice, she might not be able to get the cash from the banks and requests a bank transfer. She says she can show me that she has the cash in her account but that isn’t really the point. I don’t care if one is a millionnaire or not- it’s whether I actually receive payment.
It sounds really odd to be honest. I mean, how hard is it to go to the ATM to get cash? Sure it might take up to 3 days if you have a daily limit but not that hard to grab some whilst at the supermarket or something.
I would actually cancel this sale but I’ve googled her and she seems legit (if it’s a real name and all). I hate not being nice(it just sours things up) but I think I should probably stick my guns on this one:/