Think I have sold my bike, buyer wants paypal

[grant965]

Hi, as above, someone said they want my bike but all their money is in paypal, what should I do? I don't want to put it through as a purchase because I will loose about £50 at least, but if he puts it through as a gift he can withdraw it.
What do you recommend?
He wants it dropping off but my insurance runs out before he would have chance to withdraw from paypal into his bank, what should I do?
thanks, grant
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Ex bikes: 05 Suzuki En 125, '98 Yamaha Thundercat, '08 Honda cbr125, '05 Kawasaki z750, '03 Triumph Daytona 600, '91 Kawasaki ex250, '03 Hyosung Comet 125
Current Bike: '02 Suzuki TL1000R

[Hetzer]

Cash on delivery or "Do one, scammer".
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"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[CaNsA]

[Hetzer]

Puh.
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"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[pinkyfloyd]

Agreed with the above. Whats to stop him from sending the money through paypal to you then lodging a dispute when you have delivered the bike. Paypal will always side with the buyer, he gets a bike, he gets his money back, you get raped.
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illuminateTHEmind wrote: I am just more evolved than most of you guys... this allows me to pick of things quickly which would have normally taken the common man years to master
Hockeystorm65:.well there are childish arguments...there are very childish arguments.....there are really stupid childish arguments and now there are......Pinkfloyd arguments!
Teflon-Mike:I think I agree with just about all Pinky has said.

[grant965]

Put an end to it anyway now. He mentioned he has reached his withdrawal limit so thought I'd have a look around. My limit doesn't allow me to receive that much
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Ex bikes: 05 Suzuki En 125, '98 Yamaha Thundercat, '08 Honda cbr125, '05 Kawasaki z750, '03 Triumph Daytona 600, '91 Kawasaki ex250, '03 Hyosung Comet 125
Current Bike: '02 Suzuki TL1000R

[waffles]

He can apply cold hard cash to your hand plus extra for delivering the bike and covering your transport costs back home again. If it doesn't feel right, wait for a buyer who won't dick you around because the "all my money is in PayPal" is crap.
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Theory test - 19/8/09, CBT - 11/10/09, MOD 1 - 16/8/10, MOD 2 - 27/10/10
Past rides Yamaha XT125X, Triumph TT600, Honda XR250
Current rides Suzuki GSXR 600, Honda MSX125

[Llama-Farmer]

Has he said WHY he wants to use paypal?

I'd say cash on collection only to be safe

[Pete.]

Cash on the barrelhead. You can transfer money from Paypal to your bank but it incurs a fee and you have to wait. If he's that genuine then take a deposit to hold it for 2 weeks while he does this.
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a.k.a 'Geri'

132.9mph off and walked away. Gear is good, gear is good, gear is very very good

[Ayrton]

Paypal will side with the buyer. Tell him to withdraw the fund, it only takes 2 days to transfer it into a bank account.

[grant965]

told him to ring up paypal tomorrow and get to see what they can do, n if they won't help then complain that they are holding his money.
He does seem genuine, I think he is just a young lad who is concerned and wants a paper trail
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Ex bikes: 05 Suzuki En 125, '98 Yamaha Thundercat, '08 Honda cbr125, '05 Kawasaki z750, '03 Triumph Daytona 600, '91 Kawasaki ex250, '03 Hyosung Comet 125
Current Bike: '02 Suzuki TL1000R

[Polarbear]

Don't use paypal. Too expensive and risky as has been said.
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Victory Cross Country American tractor.

[Pete.]

[Rogerborg]

Did he want it dropping off in Nigeria?

You're well out of that one.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[the_quick]

Maybe guy does not have money in the bank account, but want to use his credit card - using paypal he can do this.

One way to not loose money is to tell him, that he needs to cover paypal costs and you will not agree for money to be sent as a gift.

Sometimes I find it easier to do it through paypal.

For example I breed reptiles and people very often pay me in paypal, biggest transaction was 800 quid - never ever had any problem.

In the end you can draw up sale agreement with note sold as seen, in case when something goes wrong.

[Musketeer]

ALWAYS CASH!
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Current Bike: Yamaha XSR900 Previous bikes: Honda CBR1000RR Fireblade, Kawasaki ZX-6R Ninja, Aprilia RS125 2-stroke

[Llama-Farmer]

[anthony_r6]

[mistergixer]

As per previous replies - cash on collection only.

The fact that you've made this thread because there's an internal alarm bell ringing should tell you enough.

The force, use it.
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Space Monkey #7
Don Eladio is dead. His capos are dead. You have no one left to fight for. Fill your pockets and leave in peace. Or fight me and die!
Mistergixer's videos on YouTube

[G]

Check why it's with paypal - if it's in paypal they should be able to withdraw to a bank account, unless of course there's something dodgy about it.

If it's a credit card, they should be able to withdraw money from a cash machine and the extra costs probably won't be too different to what you'd be paying by paypal - not sure how it works for large amounts sent as a 'gift'.

[chris-red]

Cash or GFTO
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Well, you know what they say. If you want to save the world, you have to push a few old ladies down the stairs.
Skudd:- Perhaps she just thinks you are a window licker and is being nice just in case she becomes another Jill Dando.
WANTED:- Fujinon (Fuji) M42 (Screw on) lenses, let me know if you have anything.

[pendulum]

[c-m]

10% or £150 deposit by paypal - the rest in cash on delivery/collection

That way you win.
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Motorcycle headlight bulbs and HIDs
Blogging about my bike and trips
https://ridershandbook.com/

[kiddakidda]

I have to ask;

1, Why did you offer paypal as a payment option on the listing?

2, Did you offer a delivery option on the listing also? Hence why he is asking you to drop it off.

Hindsight is a wonderful thing but you need to be very clear when selling items that are essentially 'Sold as Seen'

If he insists on paying by paypal either:

1, Cancel the transaction and refund his payment. Then Re-List.

2, Withdraw the funds into your account before he collects the bike. This will stop Ebay clawing back your funds but they will pursue if it goes t!ts up.

Good Luck!!

[waffles]