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Discussion Starter · #1 · (Edited)
Hi everyone. I was hoping my first post on the new boards wouldn't have to be about Paypal scams, but I'm having a bit of a problem as an Ebay seller.

I sold 2 items to the same guy. He pays Paypal Instant Payment for the $200 item, presumably to build my trust. He then uses an "eCheck" Electronic Funds Transfer (EFT)from his checking account via Paypal for the $1,000 item. He wants the stuff shipped combined and ASAP.

The problem is I get the notice that eChecks/EFTs via Paypal take over 4 days to clear. Paypal recommends not shipping until the funds have cleared. But can payments still be reversed even after the funds have cleared in the event this guy has a clever scam going on at his bank?

As a seller, when the Payment status is "Completed," is it really safe to go ahead and ship the item, or can it be reversed and the funds be taken away? Any stories of sellers shipping the item because the payment was listed as "Completed" only to later have it reversed?
 

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Discussion Starter · #4 ·
bsdc said:
Make the guy wait 4 days. Let him know why. Sellers expect to have cleared funds prior to shipment. "Completed" payments mean the buyer has sent the funds, but does not mean they've cleared the bank. Once it has cleared the bank, I don't think it can be reversed. Check with Paypal on that.
Thanks, BS.

Actually, the pending eCheck status is "Uncleared" for the next 4 days until it clears.

Once it clears, the status will be "Completed," just like all the other instant payments I have received.

My next question was whether "completed" payments could actually be reversed, kind of like that international forged bank check scam, where it they would overpay with an authentic looking forged check and ask you to deposit the check, where it would clear, and then send the item and a refund. Weeks later, the check would come back cuz it was forged, and you were out the item and the amount you refunded.

Any possibility of something similar happening on Paypal?
 
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