How to accept a partial payment as a hold on for sale item, forfeited if deal falls through?

retired2011
Contributor
Contributor

I am selling a $1400 item too big to ship.  (A boat..)  An out of state buyer wants to make a deposit by PayPal to hold the craft until he can come pick it up. I do not know his source of funds.  Deposit to hold the item is okay with me, but I want to keep the down payment if he doesn't come get it after a certain period of time. 

 

If I do an invoice and set partial payment okay, can I keep the money if he fails to show?

Does doing an invoice set up an opportunity for him to use a credit card chargeback if he paid that way?

Should I tell him to pay me by "sending money to family.." so he has no call backs?

 

Thank you.

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