What is the best and safest way to receive a large sum of money from a website sale? I'm looking at getting around $2250, and want to be safe with the sale. What would you all recommend? PayPal? Check? Rather not go with Escrow unless buyer would like to though (I've never actually used them).
I could be VERY wrong, but a check is good once it's been cleared, isn't it? I wouldn't take a payment that large through PayPal (Unless you don't use paypal, withdraw the money immediately, and remove the bank account... hehe)
Yes, once the check has been cleared there is no way the buyer can use a chargeback to scam me. But it takes nearly a week to clear a check, so I'm not sure how the buyer would feel about the length of time it takes. I definitely won't be using PayPal.
Well seeing as how they are buying a site, I can't exactly see a situation where they need it ASAP. I'd also suggest a contract, to protect both of you, that once the check from X clears in Y's bank account, site Z will be transferred to X...
i have sold a website at $2200 here on DP. that guy paid me on Paypal. i didn't have any problem, it was 7 months ago.
And then there are thousands of stories painting a different picture. You're the exception, not the rule.
Yeah i understand, but i didnt have to worry caz that guy was Reputable member here on DP. also very well known member.
Just to add, whatever you choose, make sure that the sale is well-documented and you have all the necessary invoices to support the sales. As long as it is above-board, there is no problem using Paypal. If Paypal finds the transaction suspicious, they will ask for invoices and proof of delivery. For that amount, I would send the site/service/product via registered post or Courier Service with 3rd party verifiable proof of delivery. Once you get that sent to them, you be cleared. If you are not doing anything subjective or against Paypal's Usage, you be fine.
Using escrow is the safest in this case. It might cost you more fees than paypal but you should be assured that you won't be scammed. You can easily setup your bank details in your escrow account and they will send you a wire transfer which will only take 2-3 business days.
If the member seems reliable and reputed - Paypal is good. If you are worried about the buyers reputation - go with ESCROW.com
paypal is good enough as others said...i too use it a lot..though make sure you dont got any pending disputes!
Go through wire transfer i few days ago sold a site and ask the customer to pay through wire transfer. WIthin 2 days time i got my money.
Go through Escrow.com or Moniker Escrow I've sold a site for $2000+ via Paypal and there were no problems at all, but to be safe you can certainly use an Escrow service.