Can someone retract a transaction
Katieg900
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Posted on
Mar-19-2023
12:44 PM
Hi there looking at selling a phone and watch and buyer wants to instantly send the money. All is kosher on my side but I fear he won't be. If he sends the money can I sent him the items straight away? Is there a way he can say he hasn't received items or something to get money back? It's £600 so don't fancy being scammed
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Buyer Protection
1 REPLY 1
sharpiemarker
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Mar-19-2023
01:12 PM
> If he sends the money can I sent him the items straight away?
That depends. When you see the payment transaction in your account activity, click it.
Check if:
a) A Pending eCheck is waiting to be cleared (do not ship).
b) if you see this text below, it’s OK to ship:
What should I do now?
Ship to the address on this page.
Save your tracking or shipping info.
PayPal may put your payment on 21 day hold, so look for the OK to ship (b) and add tracking number into the transaction. PayPal will release the funds within one day of confirming delivery via tracking number.
Important: Keep in mind that the money is not technically free and clear until after 180 days from payment date since buyers have that long to PayPal dispute or credit card chargeback a transaction so you might have to refund if buyer reports a problem later. That’s the risk with selling online. Accepting friends and family payments won’t protect you from credit card chargebacks or PayPal unauthorized activity disputes either while protecting you from PayPal Buyer protection disputes. If you want to be 100% protected, sell locally by cash in-person.
Kudos & Solved are greatly appreciated. 🙂
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