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Paypal eCheck

Discussion in 'PayPal' started by dnk, Dec 24, 2007.

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  1. #1
    Some one has sent payment through Paypal echeck , how safe is it? Can the buyer do a chargeback like a credit card?
     
    dnk, Dec 24, 2007 IP
  2. Tearabite

    Tearabite Prominent Member

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    #2
    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 $ ..
     
    Tearabite, Dec 24, 2007 IP
    dnk likes this.
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    Paypal itself says that
    So better wait untill echeck clears.

    DON.
     
    deluxdon, Dec 24, 2007 IP
  4. dnk

    dnk Well-Known Member

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    #4
    I'm selling domains, so I have proof of delivery for Paypal. Is it like a normal check, only in electronic format?
     
    dnk, Dec 25, 2007 IP
  5. konradbraun

    konradbraun Peon

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    #5
    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!
     
    konradbraun, Dec 25, 2007 IP
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  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #6
    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.
     
    deluxdon, Dec 25, 2007 IP
  7. inworx

    inworx Peon

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    #7
    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)
     
    inworx, Dec 25, 2007 IP
  8. mellow-h

    mellow-h Peon

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    #8
    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 :)
     
    mellow-h, Dec 25, 2007 IP
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  9. dnk

    dnk Well-Known Member

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    #9
    Thanks to everyone for replying, I think I will wait till it clears.
     
    dnk, Dec 25, 2007 IP