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Halp halp, tips on receiving payment for a bike?

Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
I don't want to get burned for 3k+ buckazoonies with a fake cashiers check or personal check. What's the word on receiving payment from someone on the other coast?

After I receive this payment, I'm going to pack it and ship via UPS or Fedex.

 
DirtMcGirk

DirtMcGirk

<b>WAY</b> Dumber than N8 (to the power of ten alm
Feb 21, 2008
6,379
1
Oz
Paypal? Wire transfer? Cash from a Colombian courier? An ounce or so of pure Adrenochrome?
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
I'll need to look deeper into the Paypal solution, that is the buyers preferred method. I'm just wary because of stories of people canceling the payment.
 
IH8Rice

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
paypal. and make sure you get an extra 2.9% to cover their fees. if the buyer has a problem with the fee, offer to split the fee with him
 
DirtMcGirk

DirtMcGirk

<b>WAY</b> Dumber than N8 (to the power of ten alm
Feb 21, 2008
6,379
1
Oz
Arkayne said:
I'll need to look deeper into the Paypal solution, that is the buyers preferred method. I'm just wary because of stories of people canceling the payment.
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Wait til the funds are safely in your bank account AFTER you transfer them from your PP account. Then take the funds out of the bank in cash and just sit on them for a bit.
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
Great tips, Paypal is looking like my best bet right now.

edit: The seller should have a verified shipping address, yeah?
 
UNHrider

UNHrider

Monkey
Apr 20, 2004
479
2
Epping, NH
ive never shipped a high priced item, but with paypal dont you need confirmation either via signature or certifying it got dropped off at the right place to cover yourself from disputes?
 
eaterofdog

eaterofdog

ass grabber
Sep 8, 2006
8,310
1,560
Central Florida
Read the paypal rules. Don't be asking a bunch of tards on a forum. For example, you must get a delivery signature for any item over 250, or you can get screwed.
 
B

bean

Turbo Monkey
Feb 16, 2004
1,335
0
Boulder
UNHrider said:
ive never shipped a high priced item, but with paypal dont you need confirmation either via signature or certifying it got dropped off at the right place to cover yourself from disputes?
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Even if you have that, they can say that it contained the wrong item, was empty, etc. The buyer will win nearly any PayPal dispute.

If you want any sort of guarantee, sell it locally for cash.
 
Trailslug46

Trailslug46

Monkey
May 14, 2006
123
0
Indiana
Do not send it as a gift. Paypal will not cover you if you do. Paypal is the only way I do my transactions. I've shipped everything from bicycles to an ATC70. Paypal is the only way to go. Ship the bike Fedex or UPS. You get a tracking # and you can make it signature required. I once shipped some jerseys to a University post office box via USPS with signature upon delivery. The buyer tried to say that he didn't receive the items and I was able to go to the USPS web site and pull up when it had been delivered and who signed for it. No dispute was filed by the buyer.
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
Trailslug46 said:
Do not send it as a gift. Paypal will not cover you if you do. Paypal is the only way I do my transactions. I've shipped everything from bicycles to an ATC70. Paypal is the only way to go. Ship the bike Fedex or UPS. You get a tracking # and you can make it signature required. I once shipped some jerseys to a University post office box via USPS with signature upon delivery. The buyer tried to say that he didn't receive the items and I was able to go to the USPS web site and pull up when it had been delivered and who signed for it. No dispute was filed by the buyer.
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:thumb:
 
IH8Rice

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
Trailslug46 said:
. I once shipped some jerseys to a University post office box via USPS with signature upon delivery. The buyer tried to say that he didn't receive the items and I was able to go to the USPS web site and pull up when it had been delivered and who signed for it. No dispute was filed by the buyer.
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you can also send it registered and restricted for even more security....though their is a size limit with the usps
 
4130biker

4130biker

PM me about Tantrum Cycles!
May 24, 2007
3,884
450
I haven't had trouble with paypal, that is to say I haven't had trouble with my buyers either. I think you're fine with paypal, but the signature idea is a good one. I'm going to start doing that.

The other thing that I do is talk to them on the phone. You can tell quite a bit just from talking to someone. Super nitpicky pain in the ass or has no clue what they're buying? I sell elsewhere. Relaxed, knowledgeable and has reasearched what they're buying is what I look for. If your parts are priced right, you can be a bit picky and not sell to a sketchy idiot.

No buying for their bro or cousin or any of that BS either, but that's just me.
 
bizutch

bizutch

Delicate CUSTOM flower
Dec 11, 2001
15,928
24
Over your shoulder whispering
Paypal. That nightmare where FedEx just made my shipment disappear and the buyer go freaking nuts and defame me on the net were well worth PayPal staffers telling him to suck it up and wait for FedEx to reimburse him. No ding in my rep.
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
Thanks for the tips! The buyer has agreed and the transaction is going to go down like this:

1) Buyer sends me funds via Paypal for the bike + shipping + paypal fees.
2) I'm going to do a Transfer to Bank Account and wait the 3-4 days the money to clear.
3) I'll withdraw the cash and hide it from the wife.
4) Ship the bike via UPS, insured and adult signature required.

 
IH8Rice

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
waiting for it to hit your bank account doesnt mean much really. once its in your paypal account, its as good as yours unless a claim is later filed.
 
Uncle Cliffy

Uncle Cliffy

Turbo Monkey
Jan 28, 2008
4,490
42
Southern Oregon
Arkayne said:
adult signature required.
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I would go with signature required. The "adult" part is for anyone over 21 and is usually more costly. Also, it helps get the package delivered the first time to reduce extra handling. Believe me, bikes take a beating in any shipping system, and getting it delivered on the first attempt is much better.
 
IH8Rice

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
maddog17 said:
doesn't paypal make you wait 21 days now for the money to become available or is that only for ebay sales?
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thats only on large dollar sales via ebay for people who dont sell consistently on the site. you also dont have to wait that long if you have proof its been delivered and get pos rep from the buyer.
 
binary visions

binary visions

The voice of reason
Jun 13, 2002
22,100
1,150
NC
Withdrawing the money from the bank won't help. If Paypal decides to file a chargeback, they're just going to debit your account for the money. They don't care if it's in there or not. May as well leave it there so you don't incur fees if something goes haywire and PP takes the money back.
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
The bike was sold to someone in TN and payment received w/o a problem. Thanks for the tips!

Damn, I loved that bike. Anyone who is going to Snowshoe, look out M6 o'doom!
 
Arkayne

Arkayne

I come bearing GIFs
May 10, 2005
3,738
15
SoCal
I've a 3 month old baby girl now and I won't be spending any race weekends in the dirt for awhile. All is well, the wife saw me wipe the tears as I packed it up and she said I could build another one in a year or so.
 
DORO

DORO

Monkey
Jun 15, 2006
131
0
Arkayne said:
I've a 3 month old baby girl now and I won't be spending any race weekends in the dirt for awhile. All is well, the wife saw me wipe the tears as I packed it up and she said I could build another one in a year or so.
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oh did she now...lol!
 
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