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Car Purchase

Member

Car Purchase

How do I send money to an individual for a large purchase such as a car and what are the fees? Thanks in advance.

9 REPLIES 9
Esteemed Advisor

Re: Car Purchase

@Gary1021

 

There is no paypal buyer protection for a motor vehicle on paypal so be very careful.

Personally i would take cash on collection WHEN you have viewed the car and are happy with it.


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Member

Re: Car Purchase

I'll be traveling by air so cash isn't a viable payment method. What I should have asked is how do I link my checking to my PayPal account to make the payment to an individual? Thank you for your input.
Esteemed Advisor

Re: Car Purchase

@Gary1021

 

https://www.paypal.com/us/smarthelp/article/how-do-i-link-a-bank-account-to-my-paypal-account-faq686...


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Member

Re: Car Purchase

If funds are sent to an individual during a weekend will the transfer show in their account instantly or nearly so?
Esteemed Advisor

Re: Car Purchase

@Gary1021

 

Depends if they are new sellers and subject to the new seller hold.

Or depends if paypal put a security review on it as its a large sum of money.


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Member

Re: Car Purchase

Thanks again for your help.
Member

Re: Car Purchase

What are typical fees on 50,000 or 75,000? Thanks
Advisor

Re: Car Purchase

fee is published on Paypal site.

You may have to call Paypal in advance to seek permission to send such a large sum of money.

you can carry a bank cashier check,if you are travelling within USA,and your bank has branches in the city where you are going,you two can meet in branch parking lot and afterwards go inside the bank to transact the deal.  

Advisor

Re: Car Purchase

seller pays fee,so it would be 30 cents plus 2.9%