Reply to thread

Message

<blockquote data-quote="BackdoorArts" data-source="post: 99292" data-attributes="member: 9240">Which is why I have a PayPal account tied to a bank account used only for PayPal.&nbsp; When money hits PP it immediately gets transferred to the bank account.&nbsp; When it hits my bank account it immediately gets transferred to the real bank account.&nbsp; PayPal has the right to lock down every account associated with the PayPal account when a dispute is in effect, including the bank and credit card accounts, so if you're dealing with them I strongly advise having an account of each type set up only for use with PayPal.&nbsp; Any and all disputes take long enough before they lock anything down for money to get from your PayPal account to your regular bank account (about 3 business days), so even if you're shipping you can get the funds secured.&nbsp; If PayPal won't let you transfer the funds out of your PayPal account then you don't really have them yet, and shouldn't ship.I never pay with funds in my PayPal account.&nbsp; I always use the credit card when dealing with unknown sources (it has buyer protection as well) and on any big ticket item I specify that I will not ship until funds are clear and will provide references if the person balks.&nbsp; I've heard too many internet sales horror stories not to be skeptical about everything.&nbsp; Thankfully I've completed tens of thousands of dollars in internet transactions (mostly from my guitar buying and selling days) and never had an issue with scammers.&nbsp; Avoided a few, for sure.</blockquote>

[QUOTE="BackdoorArts, post: 99292, member: 9240"] Which is why I have a PayPal account tied to a bank account used only for PayPal. When money hits PP it immediately gets transferred to the bank account. When it hits my bank account it immediately gets transferred to the real bank account. PayPal has the right to lock down every account associated with the PayPal account when a dispute is in effect, including the bank and credit card accounts, so if you're dealing with them I strongly advise having an account of each type set up only for use with PayPal. Any and all disputes take long enough before they lock anything down for money to get from your PayPal account to your regular bank account (about 3 business days), so even if you're shipping you can get the funds secured. If PayPal won't let you transfer the funds out of your PayPal account then you don't really have them yet, and shouldn't ship. I never pay with funds in my PayPal account. I always use the credit card when dealing with unknown sources (it has buyer protection as well) and on any big ticket item I specify that I will not ship until funds are clear and will provide references if the person balks. I've heard too many internet sales horror stories not to be skeptical about everything. Thankfully I've completed tens of thousands of dollars in internet transactions (mostly from my guitar buying and selling days) and never had an issue with scammers. Avoided a few, for sure. [/QUOTE]

Verification