I have an offer on a domain that I have accepted. The buyer seems legit but we all know how that is online. He has submitted payment via Paypal eCheck and I am concerned that it can be canceled after I transfer to him. Any thoughts on what to do after the check clears? Is Paypal a suitable escrow?
Once the e-check has cleared his bank (3-5 days) and you get notice of the same I think you are as safe as any online transaction. Maybe more so than if he used a CC. Under no circumstances would I transfer the domain until the check clears.
Depends on the amount of money, I have sold domains using Paypal and no problem until now. However large amounts might involve a potential risk, that you can always sort out via Dispute Center or truing a direct bank transfer instead. But Colbyt is right, never transfer if you have a check that is not cleared out.
man what a story I have to tell on this domain sale. I'm waiting till its over but it really is a funny one.
Since you teased us in this thread, I hope this is where you will post the story. If not at least post a link to the new thread here.