Trading through Paypal, a safe way?
Post 1 of 35
Is trading through Paypal a safe & scam free method of trading/payment
Award 10 MVPs (
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17 Oct 2006 11:55
Post 2 of 35
No, there are many scammers who can ask for payments through PayPal. They also do not offer much in the way of purchase protection outside of eBay. Read here:
http://resources.alibaba.com/topic/10294/How_safe_is_paypal_.htm
http://resources.alibaba.com/topic/10946/Lets_all_put_PayPal_on_the_shelf_and_discuss_payment_and_costs_.htm
http://resources.alibaba.com/topic/10294/How_safe_is_paypal_.htm
http://resources.alibaba.com/topic/10946/Lets_all_put_PayPal_on_the_shelf_and_discuss_payment_and_costs_.htm
17 Oct 2006 13:56
Post 3 of 35
Replying to [giant]:no I was scam using paypal. paypal said they can't give me my money since no money in the other account.
21 Oct 2006 15:34
Post 4 of 35
Replying to [giant]:
Why should anyone give you such a security for trading, you trade by yourselve and own risc ! You also do not go to paypal or your bank after a succesful deal, made by using their payment possibilities and give them your earned money !!!
If you want something like that, use escrow.com !!
rgds
Wilhelm
Why should anyone give you such a security for trading, you trade by yourselve and own risc ! You also do not go to paypal or your bank after a succesful deal, made by using their payment possibilities and give them your earned money !!!
If you want something like that, use escrow.com !!
rgds
Wilhelm
22 Oct 2006 00:28
Post 5 of 35
Replying to [giant]:
Couldn't agree more to that. USe escrow or another third party company.
Couldn't agree more to that. USe escrow or another third party company.
22 Oct 2006 03:49
Post 6 of 35
Paypal along with any other financial institution is as good as the money is proven to exist . We all need to perform a check to make sure the money is real on the other end. Have you clients have certified ways to pay.Deal directly with banks,get confirmation that your clients have the fundsReplying to [giant]:
22 Oct 2006 06:06
Post 7 of 35
Replying to [giant]:
if the customer told paypal your goods is not good. paypal will refuse to pay.
if the customer told paypal your goods is not good. paypal will refuse to pay.
23 Oct 2006 02:09
Post 8 of 35
Replying to [giant]:
WE CAN NOT BLAME PAYPAL OR WESTERN UNION BECAUSE THEY ARE EXISTING WITH THEIR OWN MERITS.
Paypal : On one condition you can use paypal. If you are purchasing a product online and the product value is very small. In such cases you can use paypal.
But for bulk amount you are not supposed to use paypal or Western Union.
To know the safe way doing trading through Paypal you need to know the following details.
First of all make sure that you are dealing with a company and not with an individual. If it is an individual then risk is more and you need to counter check all the details properly.
If it is a registered company, then you can move. Make sure that the product you are seeking is not much costly. No big company will ask for the payment through paypal. If it is a small company there are possibilities who sell products which are smaller in value.
Thirdly make sure that the guys name or company name is not from African region (Nigeria, Ghana, Camroon etc.)
Fourthly, please check his name (very easy way) whether it is resumbling to African name. That is the first indication that you can safely avoid the dealing.
Fifthly, supposing you are buying one electronic item online and they are asking you to pay. If a person sells electronic item from Nigeria...i am sure the probability of cheating is more...because Nigera is not producing the goods. In that case, if the product is from China, but cheap so the chances of reliablity is more. you can do safe trading through pay pal.
Sixthly, please read their mails thorughly, the cheating people normally take the words of God or faith or something like that (These good words are commonly used by cheater to trap you).
I am sure you will be able to identify your cheater with one of the above checks...and sure you will notice something strange from the above. In that case as a safer side you can avoid such deals.
PAYPAL is safe if you are satisfied with the above checks. Otherwise it is always better to go through banking channels.
My checks are useful for PAYPAL AND WESTERN UNION dealings.
with regards
pr swamy
* email address deleted by moderator*
WE CAN NOT BLAME PAYPAL OR WESTERN UNION BECAUSE THEY ARE EXISTING WITH THEIR OWN MERITS.
Paypal : On one condition you can use paypal. If you are purchasing a product online and the product value is very small. In such cases you can use paypal.
But for bulk amount you are not supposed to use paypal or Western Union.
To know the safe way doing trading through Paypal you need to know the following details.
First of all make sure that you are dealing with a company and not with an individual. If it is an individual then risk is more and you need to counter check all the details properly.
If it is a registered company, then you can move. Make sure that the product you are seeking is not much costly. No big company will ask for the payment through paypal. If it is a small company there are possibilities who sell products which are smaller in value.
Thirdly make sure that the guys name or company name is not from African region (Nigeria, Ghana, Camroon etc.)
Fourthly, please check his name (very easy way) whether it is resumbling to African name. That is the first indication that you can safely avoid the dealing.
Fifthly, supposing you are buying one electronic item online and they are asking you to pay. If a person sells electronic item from Nigeria...i am sure the probability of cheating is more...because Nigera is not producing the goods. In that case, if the product is from China, but cheap so the chances of reliablity is more. you can do safe trading through pay pal.
Sixthly, please read their mails thorughly, the cheating people normally take the words of God or faith or something like that (These good words are commonly used by cheater to trap you).
I am sure you will be able to identify your cheater with one of the above checks...and sure you will notice something strange from the above. In that case as a safer side you can avoid such deals.
PAYPAL is safe if you are satisfied with the above checks. Otherwise it is always better to go through banking channels.
My checks are useful for PAYPAL AND WESTERN UNION dealings.
with regards
pr swamy
* email address deleted by moderator*
23 Oct 2006 02:46
Post 9 of 35
Out of those 1000 people, you can expect at least 125 of them to participate
(12.5% of 1000 = 125 people) so you are now reaching around 5000 people (125)
people x 40 emails = 5000) and you are now at No 2 on the list.
Out of those 5000 people, you can expect at least 625 of them to participate
(12.5% of 5000 = 625 people) so you are now reaching around 25000 people
(625 people x 40 emails = 25000) and you are now at No 1 on the list.
Out of 25000 people, you can expect at least 3125 of them to participate
(12.5% of 25000 = 3125 people) so since you are at the No 1 spot you can
expect to receive around about £9,375 (3125 people x £3.00 = £9,375) So
when your name hits the No 1 spot, it will be YOUR turn to collect the
money.
Over the course of 30 days, this money will be sent to you by a few thousand
people just like yourself, who are willing to invest £3.00 and 20 minutes of
their time to receive around £10,000 or more in cash.
The first payments will arrive within a few days and then they will continue
at the rate of about 100 payments per day for about 30 days (obviously this
will depend on how quickly you act and how quickly people take you up on
this offer and then pass it on). After that time, the volume of payments
begins to taper off as your email is removed from the No 1 position.
That's all you need to do!
There will be around £10,000 in £3.00 payments waiting for you in your Papal
account within the next few weeks. £10,000 for just 30 minutes work! This is
real money that you can spend on anything you wish! Just deposit it to your
own bank account or spend it directly from your Papal account!!!
Remember, the 12.5% example above is assuming that 35 out of the 40 people
you send your email to will do absolutely nothing except delete your email.
However, if you follow the plan correctly and send your emails only to
people who are likely to want to participate, you can expect a typical
response-rate of around 25%. Hence, the 12.5% example is only given as a
worst-case-scenario.
Additionally, the above example assumes that each participant will only send
out 40 emails. Imagine what would happen if each participant sent out 1,000
emails instead of just 40!
Only the first person on the list gets your £3.00 gift, but everyone in the
list will rise to that Number 1 position as thousands of emails are being
sent out. No cheating can occur (don't be fooled by claims that this system
can be cheated) as Paypal only allows one account per person
(12.5% of 1000 = 125 people) so you are now reaching around 5000 people (125)
people x 40 emails = 5000) and you are now at No 2 on the list.
Out of those 5000 people, you can expect at least 625 of them to participate
(12.5% of 5000 = 625 people) so you are now reaching around 25000 people
(625 people x 40 emails = 25000) and you are now at No 1 on the list.
Out of 25000 people, you can expect at least 3125 of them to participate
(12.5% of 25000 = 3125 people) so since you are at the No 1 spot you can
expect to receive around about £9,375 (3125 people x £3.00 = £9,375) So
when your name hits the No 1 spot, it will be YOUR turn to collect the
money.
Over the course of 30 days, this money will be sent to you by a few thousand
people just like yourself, who are willing to invest £3.00 and 20 minutes of
their time to receive around £10,000 or more in cash.
The first payments will arrive within a few days and then they will continue
at the rate of about 100 payments per day for about 30 days (obviously this
will depend on how quickly you act and how quickly people take you up on
this offer and then pass it on). After that time, the volume of payments
begins to taper off as your email is removed from the No 1 position.
That's all you need to do!
There will be around £10,000 in £3.00 payments waiting for you in your Papal
account within the next few weeks. £10,000 for just 30 minutes work! This is
real money that you can spend on anything you wish! Just deposit it to your
own bank account or spend it directly from your Papal account!!!
Remember, the 12.5% example above is assuming that 35 out of the 40 people
you send your email to will do absolutely nothing except delete your email.
However, if you follow the plan correctly and send your emails only to
people who are likely to want to participate, you can expect a typical
response-rate of around 25%. Hence, the 12.5% example is only given as a
worst-case-scenario.
Additionally, the above example assumes that each participant will only send
out 40 emails. Imagine what would happen if each participant sent out 1,000
emails instead of just 40!
Only the first person on the list gets your £3.00 gift, but everyone in the
list will rise to that Number 1 position as thousands of emails are being
sent out. No cheating can occur (don't be fooled by claims that this system
can be cheated) as Paypal only allows one account per person
23 Oct 2006 03:09
Post 10 of 35
Replying to [giant]:It has been save for me since I started buying and selling at ebay
23 Oct 2006 06:28
Post 11 of 35
Replying to [giant]:
I think it is okay for small transactions. Like e-bay. It is simple, and safer than other methods.
I think it is okay for small transactions. Like e-bay. It is simple, and safer than other methods.
24 Oct 2006 06:25