Advice on PayPal payment

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H and M Video
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Joined: Jun 5 1999
We have put our caravan up for sale and have received an e-mail from an interested party.  The person says that the only way he can pay is via PayPal.  At this point in time we don't know where the person is from and the caravan would have to be collected from the storage area. As the sum involved is a 4 figure one and the Internet is full of scams, what, if any, are the pitfalls of accepting a payment via this method.
 
Thanks
 
Harry

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foxvideo
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Joined: Sep 9 1999
Re: Advice on PayPal payment
Personally, I'd say 'run a mile' from that one, there are too many known scammers who scour the web for those sort of deals who then request a refund from PP after getting the goods - as the payment doesn't go into your bank for at least 7 days PP can put a stop on the payment till it's all sorted out. I'd guess you only got a mobile number from them as well, I'd also guess they've suggested someone else will collect the van on their behalf as they are 'unable' to for some reason. Take cash or a direct bank transfer only for that sort of amount - better to lose a sale than the caravan and the cash!
 
I have bought a caravan from eBay but paid cash when I collected, for any other large ticket items I've bought or sold I've always collected and paid cash or done a bank transfer.

Dave Farrants Fox Video Editing

H and M Video
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Joined: Jun 5 1999
Re: Advice on PayPal payment
Thanks for that advice, Dave.  I had forgotten about the ability to reclaim the cash from PayPal and its consequences.  Will ask for my preferred method of payment, a Bank Transfer.
 
Harry

PC Specialist 3Gz Dual Core, Premiere CS3, Encore CS3, After Effects CS3, Matrox RT.X2, Panasonic HD HS-300, Z1E & PMW-EX3 Cams.
 
Now with a PC Specialist Quad Core i7-3770, 16GB RAM, 180GB SSD, GeForce GTX560 Ti Graphics Card, Blu-Ray & DVD R/W Burners and can't wait to set it up. Now up and running.  What a difference in Blu-Ray footage.