Buying a car as paypal gift
Discussion
McSam said:
My apologies, saying "gift transaction" was a bit of a misnomer, I wouldn't accept any form of PayPal payment.
I would have more reservations about taking a gift payment as this is explicitly described as not being in exchange for goods or services, and so you have absolutely no defence if the payment is reversed.
Not that you have much to say against PayPal anyway, hence the above!
Paypal Gift is then only payment that Paypal can not revoke. I would have more reservations about taking a gift payment as this is explicitly described as not being in exchange for goods or services, and so you have absolutely no defence if the payment is reversed.
Not that you have much to say against PayPal anyway, hence the above!
It gives the buyer no protection at all.
I have paid for a car using it, I went to look at it on a Tuesday night and decided to take it there and then, he was in Watford and I live in Norfolk.
I said I could pay there and then if I could use his PC to log into my paypal, he sat and watched me do it and was fine with it.
I showed him that done as gift I pay all fees and also no way at all of recalling anything, it is after all a gift, so why would there be any doubt?
It can work well, and imho just as safe, if not safer than cash.
But obviously see some ID.
However, the replies have shown many don't understand how it works and just think scam.
However, out of all the above how many would take cash at night when the banks are closed?
gizlaroc said:
Paypal Gift is then only payment that Paypal can not revoke.
It gives the buyer no protection at all.
I have paid for a car using it, I went to look at it on a Tuesday night and decided to take it there and then, he was in Watford and I live in Norfolk.
I said I could pay there and then if I could use his PC to log into my paypal, he sat and watched me do it and was fine with it.
I showed him that done as gift I pay all fees and also no way at all of recalling anything, it is after all a gift, so why would there be any doubt?
It can work well, and imho just as safe, if not safer than cash.
But obviously see some ID.
However, the replies have shown many don't understand how it works and just think scam.
However, out of all the above how many would take cash at night when the banks are closed?
surprised you did all that, why not just tell him -It gives the buyer no protection at all.
I have paid for a car using it, I went to look at it on a Tuesday night and decided to take it there and then, he was in Watford and I live in Norfolk.
I said I could pay there and then if I could use his PC to log into my paypal, he sat and watched me do it and was fine with it.
I showed him that done as gift I pay all fees and also no way at all of recalling anything, it is after all a gift, so why would there be any doubt?
It can work well, and imho just as safe, if not safer than cash.
But obviously see some ID.
However, the replies have shown many don't understand how it works and just think scam.
However, out of all the above how many would take cash at night when the banks are closed?
Cars aren’t covered under PayPal buyer or seller protection.
This means that the buyer can’t open a case through PayPal, however, if there is an issue with the payment (failed from bank or unauthorised) then you would not be covered.
They can and will (and have been known to) recall any kind of payment if there's reasonable suspicion of foul play. I appreciate what you're saying about there being no direct method to reverse a gift transaction, but it will still be whipped out of your account in no time if it appears fraudulent. It need not be fraudulent for this to happen..
Anyway, the question was whether we would accept it, not whether the exact letter of the terms means it should be safe. I think the answer is a resounding no!
Anyway, the question was whether we would accept it, not whether the exact letter of the terms means it should be safe. I think the answer is a resounding no!
Toaster Pilot said:
You can't have your cake and eat it - dealers charge more but offer facilities like credit card payments which cost them money to offer!
Anyone accepting PayPal for a car would need to be extremely desperate to offload it!
I agree with this - the dealer has to make money, although every dealer I've ever paid on card with has passed on the card transaction fee to me Anyone accepting PayPal for a car would need to be extremely desperate to offload it!
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