Payment

Mort818
Contributor
Contributor
I have a person who wants to send money to my PayPal account for an item, am I protected when the money is in my account?
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kernowlass
Esteemed Advisor
Esteemed Advisor

@Mort818 

 


That depends on MANY factors all listed in Paypals seller protection policy for you to read so you can risk assess your transactions.
Legal (bottom right of Paypals pages) > user agreement > seller protection.

HOWEVER...


You may be subject to the 'new seller hold' (info on that in link below) BUT once cleared you can click on withdraw/transfer funds and send it to any linked funding source.
https://www.paypal.com/us/brc/article/funds-availability

Also be very careful as lot of scam merchants about.

1. A lot of scammers encourage you to accept a Paypal payment and if you don't have an account ask you to open one.
2. Do not get scammed via spoof emails that look as if they are from Paypal.
3. Never send anything unless the funds are showing in your Paypal account balance, even if you are a new seller and subject to the new seller hold the funds would still show in your balance but have pending by them.
4. Do NOT send anything to an address that is not the buyers Paypal registered address.
5. Do not be fooled by you so called buyer and "Paypal" telling you that you either have to >>>

a. Send the item and provide a tracking number BEFORE the funds show in your balance.
b. You have to pay the buyers shipping agent via western union or moneygram OR buy Itunes vouchers or tokens for varying reasons before his payment is credited to you.

6. Do not accept payment for sales using the family / friends option.
7. Remember sellers send invoices and not buyers so if you get an invoice "marked as gift / paid" and saying it won't show in your balance for 24 hours or that your payment can't be the subject of a chargeback.....its a scam.

If in doubt come here and ask and also read up on Paypals seller protection first so you can risk assess your transactions.


Advice is voluntary.
Kudos / Solution appreciated.
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