Selling Cars on eBay - Best Payment??

TheHacker

What's best for recieving payment on eBay?

Cash, Cheque or PayPal?
Part deposit?

Wanna sell my BMW 7-series this weekend - any ideas?

xycom1

Cash! Some people ask for a x% deposit by PayPal straight away then cash on collection - but to take PayPal on the whole value of the car will cost you a fortune. To take payment by cheque exposes you to the risk of bouncing/forgery.

Cash is king.

soolin

Never take paypal on an item that cannot be delievered as you are opening yourself up for a chargeback for non receipt. Cash only on collection (watch for dodgy notes) or a bank transfer in advance.

I love paypal, use it all the time but sellers must know what they sign up for when they accept it. When you signed up for it you agreed to abide by its terms and conditions one of which is that to stop a chargeback you would need to prove delivery using one of only a few acceptable methods:

https://www.paypal.com/uk/cgi-bin/webscr?cmd=_help-ext&ui_mode=answer&prior_transaction_id=0&action_code=4&answer_id=6894796&leafid=95937&_PPP=511&_PPC=4&_FI=Tracking_Deliveries

Soo

TheHacker

Ah, thanks folks!
Looks like cash upon collection is best.

But, there may be a chance winning bidder sees car and pulls out, what then?
NPB process?

David_B_2

I'd agree with the others I would never use Paypal for a large item as they take a big wack of the money recieved. In fact I woul try and sell it off eBay because you will have a larger listing & final price fee to pay as well with with a car.

Try http://uk.freeads.net/

dave

abomb1969

Cash in the house over the weekend is dodgy. I suggest that the buyer gets a bankers draft which you can call the bank with the draft number so you can verify that its genuine when the banks open, or do an online transfer from his account to you when he is at your house and in front of you.

J_P_S

TheHacker wrote:

Ah, thanks folks!
Looks like cash upon collection is best.

But, there may be a chance winning bidder sees car and pulls out, what then?
NPB process?

if the car is as described he should buy it as agreed, if he doesnt then its the normal npb policy and relist it.

TheHacker

abomb1969 wrote:

Cash in the house over the weekend is dodgy. I suggest that the buyer gets a bankers draft which you can call the bank with the draft number so you can verify that its genuine when the banks open, or do an online transfer from his account to you when he is at your house and in front of you.

super ideas - thanks everyone!
Can't wait to list it 2maro!!!

MyUserNamesTaken

I bought a car off ebay this week. Going to pick it up on Monday, paying cash. The terms of the auction state that a deposit of £100 is payable within 48 hours of the auction ending, but due to me living so near to him, I'm paying the whole amount when I pick up the car (as it's being MOTed on Monday).

cheets99

TheHacker wrote:

super ideas - thanks everyone!
Can't wait to list it 2maro!!!

Bankers draft, as the money has to be taken from there account, they also have to pay a fee but you could waver the fee from the final price as an incentive.

Cash is dodgy as it could be fake.

TheHacker

cheets99 wrote:

Cash is dodgy as it could be fake.

I better whip out my note detection pen then!
I can't afford to get conned!

Let's hope they don't come with the "Kent Millions"! :rotfl: