Thank you Summun for your post and information. And welcome to the boards.
FYI for those who haven't tried using Paypal for big ticket purchases (over 10K) What SummunBonum describes is how it looks and has to be done. Because you are making two or more payments the purchase is not tied to the original ebay item. The seller can make up an invoice of course - but it doesn't link back to the ebay item. So as far as Paypal is concerned you as the buyer just sent someone money. Period. They are no longer guaranteeing anything.
I can't say how it works out if things go bad. I just know you cannot rest on "buyer protection".
If it's any comfort, it's not all that much better for honest sellers. PayPal's Seller Protection is even more useless. So many scams where the person claims their account was hijacked (unauthorized purchase) or they never received the item. Especially bad with out of the USA sales. It's why so many sellers won't ship anything or anything expensive outside the USA.
I recently sold a book on ebay for 13K. My first sale or purchase on ebay over 10K. It was an eye opener just how much hassle Paypal made it and how they (Paypal) were not going to be on the hook if anything went wrong. They will collect their fee of course....
Also of concern is how little eBay does to police itself. Here they have an open dispute on a seller for 12K and they let the seller run another auction for a similiar amount?
For me, any future big ticket items I sell I will offer to use eBay's approved escrow service (escrow.com) and splitting the costs. Those costs are about the same and sometimes less than the Paypal fee. I'll propose the same to sellers for purchases if the Seller isn't well known.
Bravo.
Excellent post.
You too, SummumBonum. Thank you for coming forward.
Thank you Summun for your post and information. And welcome to the boards. FYI for those who haven't tried using Paypal for big ticket purchases (over 10K) What SummunBonum describes is how it looks and has to be done. Because you are making two or more payments the purchase is not tied to the original ebay item. The seller can make up an invoice of course - but it doesn't link back to the ebay item. So as far as Paypal is concerned you as the buyer just sent someone money. Period. They are no longer guaranteeing anything. I can't say how it works out if things go bad. I just know you cannot rest on "buyer protection". If it's any comfort, it's not all that much better for honest sellers. PayPal's Seller Protection is even more useless. So many scams where the person claims their account was hijacked (unauthorized purchase) or they never received the item. Especially bad with out of the USA sales. It's why so many sellers won't ship anything or anything expensive outside the USA. I recently sold a book on ebay for 13K. My first sale or purchase on ebay over 10K. It was an eye opener just how much hassle Paypal made it and how they (Paypal) were not going to be on the hook if anything went wrong. They will collect their fee of course.... Also of concern is how little eBay does to police itself. Here they have an open dispute on a seller for 12K and they let the seller run another auction for a similiar amount? For me, any future big ticket items I sell I will offer to use eBay's approved escrow service (escrow.com) and splitting the costs. Those costs are about the same and sometimes less than the Paypal fee. I'll propose the same to sellers for purchases if the Seller isn't well known. Bravo. Excellent post. You too, SummumBonum. Thank you for coming forward.