Shady Lane

Posted by Mike in NJ (A) on June 24, 2009 at 14:35:28

In Reply to: RE: Paypal, if you recive a payment can it go wrong? posted by GTShelby350 on June 24, 2009 at 10:55:27

Do you think it would be better to have payment sent via wire transfer to my bank account and then wait for money to clear?

Would that be safer?

Thanks agian to all who respond.

Mike

• Yes, wire transfers are clearly the safest. - Norm 08:08:29 06/26/09 (0)
  In Reply to: RE: Thanks to all, another question.... posted by Mike in NJ on June 24, 2009 at 14:35:28

  It is not safe for the buyer, however. There is no way that the money can be taken back by the buyer.
  
  On PayPal if you have a separate bank account for PayPal deposits and quickly transfer the money to another account, it is also safe. You might lose PayPal rights but your money is safe.
  
  If the buyer is willing to trust you and wire the funds, I would do that.
  

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• RE: Thanks to all, another question.... - GTShelby350 11:09:59 06/25/09 (0)
  In Reply to: RE: Thanks to all, another question.... posted by Mike in NJ on June 24, 2009 at 14:35:28

  If he's willing to do a wire transfer that keeps you pretty safe. Wire transfers are extremely difficult to undo once the funds clear (usually only takes a couple business days).
  
  

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