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how do I safeguard myself

Old 08-15-2007, 05:37 PM
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pete8541
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Default how do I safeguard myself

I am about to make a rather large transaction in the classifieds, how do I safeguard myself from getting burned.
the seller prefers to use pay pal. Will pay pal protect my purchase?

The seller has 6 positive feedbacks but none were for items of this value.

How do I know if I can trust him?

Old 08-15-2007, 07:56 PM
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JWN
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Default RE: how do I safeguard myself

Trust is something you either have or don't for another person. Only you can determine if you feel comfortable enough to trust them with your money. This is something you should determine prior to posting an offer in their ad as once accepted, your offer is binding.

You will need to go to Paypal's web site to learn under which set of circumstances they will help protect you. However, one thing you may be able to do is to pay with a credit card through Paypal. Your credit card company may provide protection to you should something go wrong. You will need to contact them to find out what their policies are.

There are two other options. One is to meet the seller and do the transaction in person. The other is to pay COD so that you do not send your money until the item arrives at your door.
Old 08-15-2007, 10:21 PM
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Pushrod02
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Default RE: how do I safeguard myself

And the third is to use an escrow account. You pay a fee but and make the purchase via an escrow account. When the product arrives you send an email to the escrow broker stating the product is as described and they release the money to the seller. If it's a big purchase the fee is peace of mind.
Old 08-16-2007, 05:08 PM
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JWN
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Default RE: how do I safeguard myself

Good point! I forgot about escrow.

Take a look at Escrow.com for a run down of their services.

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