Paypal eCheck

[dnk]

Some one has sent payment through Paypal echeck , how safe is it? Can the buyer do a chargeback like a credit card?

[Tearabite]

the payment is not safe until the eCheck clears and the $$ is in your account.

and yes, the buyer can file a dispute with Paypal - and if you are selling something "intangible" (something you can't touch, like an ebook), you WILL loose and they'll take back the $ ..

[deluxdon]

Some one has sent payment through Paypal echeck , how safe is it? Can the buyer do a chargeback like a credit card?

Paypal itself says that
eCheck Payment will remain "Uncleared" until the funds have cleared from the sender's account, which usually takes 4 business days. If
you are shipping an item, please do not ship your item until the funds have cleared into your PayPal account. You will be notified by email when
the funds have cleared into your PayPal balance.

So better wait untill echeck clears.

DON.

[dnk]

I'm selling domains, so I have proof of delivery for Paypal. Is it like a normal check, only in electronic format?

[konradbraun]

pretty much. The check still has to clear on from the payers institution. It is a virtual online check! Play it safe... be a winner!

[deluxdon]

I'm selling domains, so I have proof of delivery for Paypal. Is it like a normal check, only in electronic format?

Is there any problem if you wait till echeck clears :confused: If you know the person very well or deal with him/her since long time then no need to wait for that but if you don't know that person then wait and send him/her domain once your echeck clears.

[inworx]

eCheck is like normal check. If the sender doesn't has aenough funds in his bank account, the payment fails and you don't get a penny while buyer gets everything. Also, if the buyer files a dispute while the echeck is being cleared, the eCheck will automatically be cancelled.(if the dispute is raised to CLAIM)

[mellow-h]

I'm selling domains, so I have proof of delivery for Paypal. Is it like a normal check, only in electronic format?
If its domain, never ever excepts echeques :) I was scammed several times with echeques. In most of the cases, customer cancel the echeques once the domain is registered. :D You can accept echeques from your loyal customers who are trustworthy, but i have seen several companies who doesn't support echeque and write this thing in their order form. Domains are not recurrsiable, so its really not recommended to use echeque for domains :)

[dnk]

Thanks to everyone for replying, I think I will wait till it clears.