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Old 11-06-2012, 08:35 AM   #1 (permalink)
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Default is Paypal gift secure??

OK, I have an opportunity to purchase a couple high-end cards(for me) to finish a PC project from a former ebayer. I have been talking with the guy for a while now and he has been very helpful in explaining the details of these cards. I feel confident in trusting him to send cards, but he is asking me to pay $450 via paypal gift so he can avoid fees unless I wanted to pay $500 reg paypal. I just want to make sure if something crazy happened that I would be able to recover the $$. Any paypal gurus out there? Thanks for the help!

Chad
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Old 11-06-2012, 08:37 AM   #2 (permalink)
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No, if something crazy happened you cannot recover the dough. I never do this...
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Old 11-06-2012, 08:40 AM   #3 (permalink)
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Originally Posted by cnewby View Post
I feel confident in trusting him to send cards,
He is a stranger on the internet correct? The same internet where scammers lurk. But yea you are so confident huh.
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Old 11-06-2012, 08:43 AM   #4 (permalink)
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Ebay fees on a $450 purchase are around $14 or so. I'm worried already if he wants you to pay $50 in fees.

2.9% of $450 plus $.29.

Around $13-$14. Offer him $465. It's worth it.
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Old 11-06-2012, 08:43 AM   #5 (permalink)
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Quote:
Originally Posted by cnewby View Post
OK, I have an opportunity to purchase a couple high-end cards(for me) to finish a PC project from a former ebayer. I have been talking with the guy for a while now and he has been very helpful in explaining the details of these cards. I feel confident in trusting him to send cards, but he is asking me to pay $450 via paypal gift so he can avoid fees unless I wanted to pay $500 reg paypal. I just want to make sure if something crazy happened that I would be able to recover the $$. Any paypal gurus out there? Thanks for the help!

Chad
Tell him you'll pay $463.74 goods, he'll have the same as $450 gift without being an ass about it.
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Old 11-06-2012, 08:48 AM   #6 (permalink)
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Tell him you'll pay $463.74 goods, he'll have the same as $450 gift without being an ass about it.
this...

NEVER PAY GIFT... figure out what it would be as goods, and pay as goods.
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Old 11-06-2012, 08:49 AM   #7 (permalink)
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....thanks for the genuine responses(most of you). So if I use paypal 'goods' I am covered, correct?
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Old 11-06-2012, 09:00 AM   #8 (permalink)
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....thanks for the genuine responses(most of you). So if I use paypal 'goods' I am covered, correct?
That is correct.
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Old 11-06-2012, 09:41 AM   #9 (permalink)
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If he wants to avoid fees send him 470, thats plenty.
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Old 11-06-2012, 09:42 AM   #10 (permalink)
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Quote:
Originally Posted by HadWayTooMuch View Post
Ebay fees on a $450 purchase are around $14 or so. I'm worried already if he wants you to pay $50 in fees.

2.9% of $450 plus $.29.

Around $13-$14. Offer him $465. It's worth it.
But it's 2.9 of the final amount, not $450.
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Old 11-06-2012, 09:47 AM   #11 (permalink)
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I usually google PAYPAL CALCULATOR to help figure out fees. As pointed out, the guy is way overcharging you on what he is projecting his Paypal fees to be:

$450 GIFT = $463.73 (using the site below)
The Fee Calculator - Calculates PayPal service fees and charges

$450 GIFT = $463.73
Online PayPal Fee Calculator - Payment Processing Forum

Now if the guy is trying to NET $450, then Paypal fees, any shipping supplies + shipping fees might be around $500.

Gift is very risky. I would do it for a select few here on the board? But not really anyone else.
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Old 11-06-2012, 09:57 AM   #12 (permalink)
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Thank you all for helping a n00b out. I will be sure to post pics of the cards pre-grading when I get them!
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Old 11-06-2012, 10:04 AM   #13 (permalink)
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Quote:
Originally Posted by rudyjustinfarrell View Post
I usually google PAYPAL CALCULATOR to help figure out fees. As pointed out, the guy is way overcharging you on what he is projecting his Paypal fees to be:

$450 GIFT = $463.73 (using the site below)
The Fee Calculator - Calculates PayPal service fees and charges

$450 GIFT = $463.73
Online PayPal Fee Calculator - Payment Processing Forum

Now if the guy is trying to NET $450, then Paypal fees, any shipping supplies + shipping fees might be around $500.

Gift is very risky. I would do it for a select few here on the board? But not really anyone else.
except that if paid as paypal gift, the shipping and supplies still come ot of that $450 so he wouldnt net $450.

OP: offer $470 goods, he will net $456.07 after pp fees. If he isn't ok with it, he's probably trying to scam you.
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Old 11-06-2012, 11:11 AM   #14 (permalink)
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I use Paypal gift as a payment option mainly when I know who the seller is and can trust that person. If the person is a shady person and has zero or a low amount of feedback then I might think twice about using Paypal gift as a payment option. I still think it's a nice option to have to save on fees if needed!
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Old 11-06-2012, 11:15 AM   #15 (permalink)
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I sometimes ask for a gift payment when negotiating with a buyer. But it is never with anything more than $50 or so, and I understand that some people dont want to pay gift. If they decline my offer I am completely fine with it.

That said, I would never ask for a gift payment of $450 unless I had dealt with the person many times prior or personally knew him. As a buyer there is no way I would pay via gift.
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Old 11-06-2012, 11:31 AM   #16 (permalink)
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What about if you go to, Send Money/Personal/Payment Owed? Would that be secured?
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Old 11-06-2012, 11:47 AM   #17 (permalink)
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Quote:
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What about if you go to, Send Money/Personal/Payment Owed? Would that be secured?
Just make sure goods is checked off
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Old 11-06-2012, 11:51 AM   #18 (permalink)
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What about if you go to, Send Money/Personal/Payment Owed? Would that be secured?
No. That is not payment for goods.

https://cms.paypal.com/us/cgi-bin/?c...eement_full#13.

13.2 Eligibility Requirements.
a. To be eligible for PayPal Purchase Protection you must meet all of the following requirements:
•Pay for the eligible item from your Account.
•Pay for the full amount of the item with one payment. Items purchased with multiple payments – like a deposit followed by a final payment – are not eligible.
•Send the payment to the Seller through:
•the eBay “Pay Now” button or the eBay invoice; or
•the “Send Money” button of your Account by selecting “eBay Item” and entering your eBay User ID and the eBay item number for purchases on eBay website; or
•the Send Money tab on the PayPal website, by clicking the “Purchase” tab, or by selecting the “Checkout with PayPal” button or otherwise selecting PayPal as part of a Seller’s checkout flow.
•Open a Dispute within 45 Days of the date you sent the payment, then follow the online dispute resolution process described below under Dispute Resolution. For Pay After Delivery transactions you must open your Dispute within 45 Days of the date of your transaction. For PayPal Grace Period transactions, you must open your Dispute within 60 Days of receiving your email transaction statement.
•Have an Account in good standing.

Last edited by hche; 11-06-2012 at 11:55 AM.
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Old 11-06-2012, 11:53 AM   #19 (permalink)
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Important to Note:

If there are any issues where you have to file a case with PayPal after paying Goods, you only get one shot. A lot of scammers will ask you to close a case in exchange for a promise to resolve the issue. After you close the case, the scammer runs away and you have little to no recourse. Only close a PayPal case after the problem has been completely and totally resolved (ie: it's not enough to just trust the word of the other party to follow through)
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Old 11-06-2012, 11:55 AM   #20 (permalink)
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Quote:
Originally Posted by 1992topps View Post
What about if you go to, Send Money/Personal/Payment Owed? Would that be secured?
Nope - that is the same as sending a gift - no recourse
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Old 11-06-2012, 01:19 PM   #21 (permalink)
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Bought my 2011 Platinun Superfractor Dalton as a gift, sold at least 20 high end cards as gifts, never an issue.
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Old 11-06-2012, 02:07 PM   #22 (permalink)
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Quote:
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Bought my 2011 Platinun Superfractor Dalton as a gift, sold at least 20 high end cards as gifts, never an issue.
That only means you are a good person. But your buyers are still not protected under the paypal protection policy.
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Old 11-06-2012, 02:15 PM   #23 (permalink)
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Tell him to send the cards first. When you get them, you will send the $450 gift.

If he isn't OK with that, explain that it's the same thing he is asking you to do.

Just offer $465 goods.
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Old 11-06-2012, 02:19 PM   #24 (permalink)
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never ever gift payment

see what happens when a BO member w good ratings goes on a stealing spree ..
Questionable activities by: nyauthenticink /aka why jimmy? why?

protect urself
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