Have been called by potential buyer wanting to pay with PayPal. Does anyone know if legit? I ignored but it seems like scam? Opinions appreciated.

Asked by May 30, 2017 at 11:42 PM about the 2007 Volvo S40 2.4i

Question type: Car Selling & Trading In


Indicates wants to send inspector and handle tittle transfer.

5 Answers

95,585

Cash or check drawn on your bank and verified by your bank! I would counter offer and if they insist on PP - ignore them.

1 of 1 people found this helpful.
21,955

Sounds fishy. Are you a online retailer? If not, otherwise why accept PP. Unless PP changed rules there is not any PP coverage for outside online transactions. Means If they miss a payment or decide to stop payment for any reason on transaction within 10-14 days at most card holder inc, they can stop payment and deduct $ back out without needed confirmation or approval from you, your PP will take it out or leave you with a negative balance or if you have another Account added they can take it from that one, read the terms. PP favors buyers.

1 of 1 people found this helpful.
21,955

Just ignore the scammers, If they want it, they will come to you with cash. No other way to do business. Too many scams. I have heard of the send my inspector and transfer title scams before, ITS A SCAM SIR.

75,355

I ran into this once when selling a car. I suggested that the buyer transfer the funds from PayPal into THEIR bank account. Then give me a bank draft (no check). Once the bank draft cleared my bank I'd be happy to release the car and title. I never heard from them again!! HTH. -Jim

75,355

Oh and don't let them do a transfer to your bank account! Then they'll have your account number! HTH. -Jim

1 of 1 people found this helpful.

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