I am purchasing a domain from a member on the forum. They are asking to be paid through paypal with out a credit card. Does anyone know why he would be asking for this? Thanks
When you pay through Paypal using a CC you have 1000 times more protection against fraud because you have your credit card company behind you. Whether you know it or not Paypal will NEVER help you when you get screwed for digital goods (which includes domains) ... plain and simple they don't care and the person that screws you will ALWAYS get away with it! Take it from someone that has been screwed this was 4 times this year (and the reason I closed my Paypal account) Id run so fast from this seller its not funny!
Other reason could be he has personal account, FYI Personal accounts cannot accept credit card payments.
Actually a personal paypal account can accept up to 5 credit card transactions a year. I think he just does not want to pay the fees
tell him to bad and pay with your credit card. Sounds fishy to me, anyone can get a premier / business account
PayPal without CC or Bank Accounts are classified as unverified to protect users from fraud. It means that the account can't be traced to a real person (with address and real name). So there is no way to file complaints against a person or retrieve your money if it is a scam.
Maybe he wants to avoid fees,he's got a personal account which is restricted to receiving 5 cc payments- he might be nearing that limit. He wouldn't want to be forced to upgrade to a premier acccount Still, his Itrader at DP would give a good idea of whether or not he has fraudulent ideas in his mind.
I would suggest you to check the sellers itrader before making any decision. Paypal takes a 2.9% charge + $0.39 for premier account, which becomes a lot when you are selling on a marginal profit. In those cases people use personal account for that and according to paypal tos it is perfectly legal. If you feel any problem you might request your seller that you will pay the paypal fees, if he agrees to accept credit card. If he declines, then that person might be a fraud.
Obviously he is scared of charge back. if the amount is reasonably big, I recommend you to use an escrow service!
I am not the other party in the transaction, but I can understand where he or she is coming from. I do ask for payment to be funded from paypal funds, not from credit card - as some earlier posters mentioned, I use a personal paypal account, I don't want to incur fees just for a small transaction and use up the 5 per year quota - I reserve those for any large transaction where a buyer would want to have the credit card chargeback protection. You can check my iTrader if you wish - that should tell you whether I'm a fraud or otherwise. As the quoted post mentions - check on the person's iTrader here. And since it's a domain sale, check the whois detail and other domain related info to make up your mind. Assuming it's not too expensive, the iTrader is good and the domain details check out - I would not consider it a risk.
This is the other possibility - especially since your own itrader is at zero. He may not want to sell you the domain and then have you claim a chargeback.
I can understand the situation but since Paypal doesn't allow us to place a balance in our Paypal account with funds from a credit card, it is possible to always have a zero balance. Like in my case, I have no choice but to pay using my credit card. I don't receive funds from Paypal now and I can't make people fund my account too But I understand that sometimes domain names are sold for pretty low margin and the charges can wipe it all away. It may not be a bad idea in selling anything to state clearly on the Sale Thread that only Paypal funds can be used to pay to avoid any inconvenience.
Personal accounts can accept payments from users with paypal accounts who take/charge funds by their cards. SO, they wont need to pay any fee. Just they are trying to scam. Pay with CC funds.