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7 July 2020, 06:21 PM | #1 |
"TRF" Member
Join Date: Dec 2013
Location: here
Posts: 57
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Advice on accepting different forms of payment
I’m a soon to be first time seller on the forums and wanted opinions as to what is the safest ways of accepting payment. Any tips, pros, cons would be greatly appreciated!
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7 July 2020, 08:42 PM | #2 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 40,709
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Safe for you would be a wire into your bank account. If you’ll be selling repeatedly, preferably one set-up for that purpose.
Don’t ship until funds clear - for example, after you move it out of the account to another one. Some scammers “fake” a wire with some bank apps and then pressure you to ship ASAP. Sent from my iPhone using Tapatalk Pro
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7 July 2020, 08:49 PM | #3 | |
2024 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 73,651
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Quote:
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7 July 2020, 08:51 PM | #4 |
2024 Pledge Member
Join Date: Feb 2020
Real Name: Matt
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Watch: PAM111
Posts: 2,629
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Beware of PayPal chargeback scammers.
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7 July 2020, 08:56 PM | #5 |
2024 Pledge Member
Join Date: May 2019
Location: Perth
Posts: 973
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I've sold a few things here - one of the best rules is 'don't go forward unless 100 percent comfortable'.
Second is - vet the buyer the same way you would a seller, look at online history, feedback and other things along those lines, to make sure you are selling to a trusted person. For example I'd happily take paypal payments from long standing members here, equally I'd be happy to sell a watch to someone with 0 posts - if they paid by wire. |
8 July 2020, 12:01 AM | #6 |
Banned
Join Date: Jul 2020
Location: Denver
Posts: 122
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Like mentioned above just steer clear of PayPal... too many possible hassles dealing with chargebacks and holding new sellers money!
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8 July 2020, 02:49 AM | #7 | |
2024 Pledge Member
Join Date: Apr 2008
Real Name: Rommel
Location: Toronto Canada
Watch: 116710LN
Posts: 8,967
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Quote:
Some great advice here. I've seen my share of horror stories over the years on various forums. If you do what was suggested above you'll be much better off. Best of luck to you |
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8 July 2020, 06:15 AM | #8 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Apr 2013
Location: NL
Watch: Yachtmaster
Posts: 14,352
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Check out the buyer on trf by going through his posts
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
8 July 2020, 06:45 AM | #9 |
Banned
Join Date: May 2020
Location: USA
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PayPal member here for 20 years.
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