IMPORTANT Question About PayPal Payments

[Ben]

Hi All,
I have a question about accepting a deposit/payment via PayPal.
Someone wants to give me his deposit via PayPal, on a classic car that I'm selling.
Is it possible for me to get burned?
IE: Once he takes the car, can he reverse, retract, or regneg on this deposit/payment in any way, thus leaving me high and dry without the car?
Thank you,
Ben

[materialpleasures]

Yes. But that is with any non cash transaction.
If he gave you a check, he could stop payment.
If he paid with a CC, he could dispute the charge.

The thing with Paypal is, and someone correct me if I am wrong...your proof of delivery is a Delivery Confirmation number...which is for shipping purposes. I am not sure how you would prove the buyer took the car, unless you have them sign a receipt or something to that effect. Look over Paypal's Seller's guidelines on how to handle an in person delivery like you are describing.

Good luck,
Dana

[Ben]

With cars, I've always delt in cash transactions, not this PP nonsense.
If the guy isn't willing to travel with $2200 in cash, then I'll sell it to someone else.
I actually have 3 other LOCAL fellows interested in it.
One is looking at it on Friday.
Thanks again,
Ben