Paypal Question (Scam)

.:bHd:. · 09-20-2010, 08:00 PM

Okay so I put my iphone 4 on ebay and someone bid $2000 on it lol. If the payment clears and i transfer the money to my bank account. Can paypal take the money out of my account if it turns out to be a scam?

richardbb85 · 09-20-2010, 08:06 PM

god dam, 2000? buyer from in-states?

scollins · 09-20-2010, 08:07 PM

Yep, I think they can. Ideally, you should have a dedicated checking account hooked to Paypal, one that isn't even at your usual bank. Treat it as a "pass through", keeping no money in there at all. Once a payment is there, you pull the money out.

Not just for things like this, but it prevents your account from being drained if your PP account is hacked.

JayKay335i · 09-20-2010, 08:18 PM

Paypal can make your account negative but I dont believe that they can actually remove money from your bank account.

OTOH, if I remember correctly, it takes weeks for paypal to release the money without a shipping tracking number. Even if you provide the tracking number they still hold the cash in a freeze for a week or so. Its for buyer protection. Chances are that its a scam and the person charged a fake CC or something. I'd just ignore it. Chances are you'll just wind out without any cash and without and iphone.

Kensta335 · 09-20-2010, 08:18 PM

They can't take the money out of your account but they can put a balance on there saying you owe $2000.

Feyd · 09-20-2010, 08:39 PM

Don't do it... it's a scam.

You'll end up with no money and no iphone.

As mentioned Paypal will actually hold on to the money for something up to 20 days unless they get the go ahead from the buyer that everything is good. It's kind of a crock, but it is meant to protect the buyer from sending money and then getting no goods in return.

If it is legit (and I'm sure it isn't) just get a wire transfer of the funds. You can definitely pay whatever the associated fees are out of all of your profits.. LOL.

ABQ325i · 09-20-2010, 08:41 PM

If a buyer opens a dispute they reverse the transfer to your bank account, unless you have funds in Paypal to cover the dispute.

The buyer has 45 days to make a claim.

A common scam is to buy something on a credit card used the first time through paypal then do a charge back with the bank saying the card was used without authorization.

Check the sellers feedback, if it is 0 I would be concerned.

I know because I have been scammed before.

ABQ325i · 09-20-2010, 08:45 PM

Are you in Glendale? Did it sell for $2025 with free shipping?

Freakazoid · 09-20-2010, 09:15 PM

Pull the money out and close the bank account. Paypal can't do shit beyond that. Paypal needs to up their bullshit security practices, and this will teach them to stop being so laissez faire with it.

If you close the account they can say you owe them 2000 but that's the end of it, they can't put a hit on your credit (depending on what all info you gave them), and they can't do much besides have a balance against you.

(if you can't tell I hate paypal)

Freakazoid · 09-20-2010, 09:16 PM

oh and obviously don't ship it, obviously that part is a scam

EINSER M · 09-20-2010, 09:20 PM

paypal are thieves.

Freakazoid · 09-20-2010, 09:33 PM

Quote:

Originally Posted by kirkx5m

paypal are thieves.

this... their 'resolution process' is hilarious.
(although ebay's is good, as a buyer)

richardbb85 · 09-20-2010, 09:48 PM

do you all trust verified member?

Freakazoid · 09-20-2010, 10:18 PM

Quote:

Originally Posted by richardbb85

do you all trust verified member?

verified with feedback is usually enough where ebay or paypal will have your ass.

Unconfirmed/non-verified are the ones you haev to cover your ass

E92murdered · 09-21-2010, 12:25 AM

One thing i hate about paypal is that in some instances you have to send your item them the buyer has to say the item is good then youll get your money. How does paypal know if the damn buyer tampered with the item. It is retarded they need to protect the seller aswell.

JayKay335i · 09-21-2010, 12:46 AM

Paypal is a scam. Ebay is a scam. Ebay owning paypal is en even bigger scam. Double charging you to sell a freaken item is a scam.

Emerson · 09-21-2010, 12:53 AM

If it is too good to be true then it probably is

.:bHd:. · 09-21-2010, 02:21 AM

ya i wasnt gonna send it out just wanted to see what would happen if the money got transferred.

And yes i am in glendale lol did you see my ad?

Freakazoid · 09-21-2010, 06:58 AM

Quote:

Originally Posted by .:bHd:.

ya i wasnt gonna send it out just wanted to see what would happen if the money got transferred.

And yes i am in glendale lol did you see my ad?

if you haven't already seen the paypal scam 'emails', I'm betting 10:1 that's what you ACTUALLY get. not a paypal email, an email from 'paypal' (i.e. a scam site) saying you got the money in escrow, and you have to ship it.

Freakazoid · 09-21-2010, 06:59 AM

Quote:

Originally Posted by E92murdered

One thing i hate about paypal is that in some instances you have to send your item them the buyer has to say the item is good then youll get your money. How does paypal know if the damn buyer tampered with the item. It is retarded they need to protect the seller aswell.

i hate ebay/paypal more than anyone...and I've never heard of this. Are you sure this wasn't a scam of some sorts?

ABQ325i · 09-21-2010, 09:50 AM

Yeah I saw your ad. The buyer has 0 feedback and is no longer a registered user. Probably did it to a few others before being caught by eBay. Time to re-list.

.:bHd:. · 09-21-2010, 12:02 PM

Quote:

Originally Posted by ABQ325i

Yeah I saw your ad. The buyer has 0 feedback and is no longer a registered user. Probably did it to a few others before being caught by eBay. Time to re-list.

yup waste of time

09-20-2010, 08:00 PM	#1
.:bHd:. Major 331 Rep 1,149 Posts Drives: E92 335i MT Join Date: Feb 2008 Location: So Cal iTrader: (0)	Paypal Question (Scam) Okay so I put my iphone 4 on ebay and someone bid $2000 on it lol. If the payment clears and i transfer the money to my bank account. Can paypal take the money out of my account if it turns out to be a scam? __________________
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09-20-2010, 08:06 PM	#2
richardbb85 Lieutenant Colonel 104 Rep 1,653 Posts Drives: e92 m3 Join Date: Apr 2010 Location: annandale, va iTrader: (0)	god dam, 2000? buyer from in-states? __________________ 2011 E92 Space Grey/black + Tech + Premi + Heated Seats
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09-20-2010, 08:07 PM	#3
scollins Bootleggin' 'n Gunrunnin' 137 Rep 2,372 Posts Drives: 2024 X3 M40i Join Date: May 2007 Location: Renton, WA iTrader: (3)	Yep, I think they can. Ideally, you should have a dedicated checking account hooked to Paypal, one that isn't even at your usual bank. Treat it as a "pass through", keeping no money in there at all. Once a payment is there, you pull the money out. Not just for things like this, but it prevents your account from being drained if your PP account is hacked. __________________ Scott 2024 G01 X3 M40i, Brooklyn Grey Metallic /// 2015 F15 X5 35i, Space Gray Metallic, 99K miles /// 2013 F30 320xi, Mojave Metallic, 112k miles 2019 Ford F450 STX, Oxford White 2013 Ducati Multistrada Touring S, Red
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09-20-2010, 08:18 PM	#4
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	Paypal can make your account negative but I dont believe that they can actually remove money from your bank account. OTOH, if I remember correctly, it takes weeks for paypal to release the money without a shipping tracking number. Even if you provide the tracking number they still hold the cash in a freeze for a week or so. Its for buyer protection. Chances are that its a scam and the person charged a fake CC or something. I'd just ignore it. Chances are you'll just wind out without any cash and without and iphone.
	Appreciate 0 Quote

09-20-2010, 08:18 PM	#5
Kensta335 Brigadier General 161 Rep 3,637 Posts Drives: 335i Coupe Join Date: Mar 2007 Location: So Cal 626 iTrader: (4)	They can't take the money out of your account but they can put a balance on there saying you owe $2000.
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09-20-2010, 08:39 PM	#6
Feyd Major 346 Rep 1,288 Posts Drives: a DEEZZULL Join Date: Aug 2007 Location: Chicago, IL iTrader: (2)	Don't do it... it's a scam. You'll end up with no money and no iphone. As mentioned Paypal will actually hold on to the money for something up to 20 days unless they get the go ahead from the buyer that everything is good. It's kind of a crock, but it is meant to protect the buyer from sending money and then getting no goods in return. If it is legit (and I'm sure it isn't) just get a wire transfer of the funds. You can definitely pay whatever the associated fees are out of all of your profits.. LOL.
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09-20-2010, 08:41 PM	#7
ABQ325i Private First Class 14 Rep 158 Posts Drives: 08 E60 535i + 06 E90 330i Join Date: Apr 2010 Location: Albuquerque iTrader: (4) Garage List 2008 535i [0.00] 2006 330i [0.00]	If a buyer opens a dispute they reverse the transfer to your bank account, unless you have funds in Paypal to cover the dispute. The buyer has 45 days to make a claim. A common scam is to buy something on a credit card used the first time through paypal then do a charge back with the bank saying the card was used without authorization. Check the sellers feedback, if it is 0 I would be concerned. I know because I have been scammed before.
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09-20-2010, 08:45 PM	#8
ABQ325i Private First Class 14 Rep 158 Posts Drives: 08 E60 535i + 06 E90 330i Join Date: Apr 2010 Location: Albuquerque iTrader: (4) Garage List 2008 535i [0.00] 2006 330i [0.00]	Are you in Glendale? Did it sell for $2025 with free shipping?
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09-20-2010, 09:15 PM	#9
Freakazoid Captain 181 Rep 962 Posts Drives: Saturn Redline Join Date: Dec 2009 Location: Pittsburgh iTrader: (0)	Pull the money out and close the bank account. Paypal can't do shit beyond that. Paypal needs to up their bullshit security practices, and this will teach them to stop being so laissez faire with it. If you close the account they can say you owe them 2000 but that's the end of it, they can't put a hit on your credit (depending on what all info you gave them), and they can't do much besides have a balance against you. (if you can't tell I hate paypal)
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09-20-2010, 09:16 PM	#10
Freakazoid Captain 181 Rep 962 Posts Drives: Saturn Redline Join Date: Dec 2009 Location: Pittsburgh iTrader: (0)	oh and obviously don't ship it, obviously that part is a scam
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09-20-2010, 09:20 PM	#11
EINSER M Major General 377 Rep 5,730 Posts Drives: BMW i3 rex Join Date: May 2006 Location: SoCal iTrader: (44) Garage List 2018 I01 i3s \| CURRENT [0.00] 2018 G01 X3 \| CURRENT [0.00] 2017 I01 i3 \| SOLD [0.00] 2017 F48 X1 \| SOLD ... [0.00] 2016 I01 i3 \| SOLD [0.00] 2017 F22 M240 \| SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 \| SOLD [6.00] 2011 E90 335 \| SOLD [8.66] 2012 E82 135 \| SOLD [5.50] 2011 E82 1M \| SOLD [7.94] 2007 E85 Z4M\| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 \| SOLD [0.00] 2008 E82 135 \| SOLD [0.00] 2008 E90 335 \| SOLD [0.00] 2003 E46 M3 \| SOLD [7.50] 2006 E90 330 \| SOLD [10.00] 2003 E46 330ZHP \| SOLD [0.00]	paypal are thieves.
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09-20-2010, 09:48 PM	#13
richardbb85 Lieutenant Colonel 104 Rep 1,653 Posts Drives: e92 m3 Join Date: Apr 2010 Location: annandale, va iTrader: (0)	do you all trust verified member? __________________ 2011 E92 Space Grey/black + Tech + Premi + Heated Seats
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09-21-2010, 12:25 AM	#15
E92murdered Lieutenant Colonel 101 Rep 1,668 Posts Drives: 335i Join Date: Nov 2008 Location: san diego iTrader: (5)	One thing i hate about paypal is that in some instances you have to send your item them the buyer has to say the item is good then youll get your money. How does paypal know if the damn buyer tampered with the item. It is retarded they need to protect the seller aswell. __________________
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09-21-2010, 12:46 AM	#16
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	Paypal is a scam. Ebay is a scam. Ebay owning paypal is en even bigger scam. Double charging you to sell a freaken item is a scam.
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09-21-2010, 12:53 AM	#17
Emerson :) 0 Rep 49 Posts Drives: '10 BSM 135i Join Date: Aug 2010 Location: Vancouver, B.C. iTrader: (0) Garage List 2010 135i Coupe [0.00]	If it is too good to be true then it probably is
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09-21-2010, 02:21 AM	#18
.:bHd:. Major 331 Rep 1,149 Posts Drives: E92 335i MT Join Date: Feb 2008 Location: So Cal iTrader: (0)	ya i wasnt gonna send it out just wanted to see what would happen if the money got transferred. And yes i am in glendale lol did you see my ad? __________________
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09-21-2010, 09:50 AM	#21
ABQ325i Private First Class 14 Rep 158 Posts Drives: 08 E60 535i + 06 E90 330i Join Date: Apr 2010 Location: Albuquerque iTrader: (4) Garage List 2008 535i [0.00] 2006 330i [0.00]	Yeah I saw your ad. The buyer has 0 feedback and is no longer a registered user. Probably did it to a few others before being caught by eBay. Time to re-list.
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