ebay purchase

[xbodd]

need some advice have recently purchased an item off ebay  using my credit card for£1,000 ebay shows payment sent but seller has got in touch with me explaining he doesn't get payment for 21days from paypal as its such a large amount, he has asked me to log onto paypal and confirm item received he then gets payment released immediately, but the problem I have if I release payment what happens if I then dont receive my item can I still then open a dispute 

[kernowlass]

@xbodd

DO NOT DO IT.................THE PAYMENT HOLD IS FOR YOUR PROTECTION.

If its marked as completed in your Paypal account then you have paid. The fact its pending on the SELLERS end is between him and paypal as he is a new seller.
He is supposed to send your item promptly (trackable to prove delivery) and then his funds are released when tracking shows the item as DELIVERED + 3 days.

The hold is to protect PAYPAL from new sellers that don't refund buyers in the event of a dispute. If that happens Paypal refund the buyer under buyer protection and Paypal would then limit the sellers account and chase them to pay those funds back to Paypal.

Tell him if he refuses to send then you would have to file a dispute for 'non receipt of item' and that would impact on his paypal account as such an early seller and the time the 'new seller hold' lasts would be extended OR he may not be allowed to sell..

Send him this link.

Ebay sales.
http://pages.ebay.co.uk/help/sell/paymentprocess-newsellers.html