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danw-rolex · 7 July 2020, 06:21 PM

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!

77T · 7 July 2020, 08:42 PM

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.

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brandrea · 7 July 2020, 08:49 PM

Quote:

Originally Posted by 77T

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

I agree

The part about making sure the funds clear is very important

White Collar Boy · 7 July 2020, 08:51 PM

Beware of PayPal chargeback scammers.

interestedwatcher · 7 July 2020, 08:56 PM

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.

Denvertimeguy · 8 July 2020, 12:01 AM

Like mentioned above just steer clear of PayPal... too many possible hassles dealing with chargebacks and holding new sellers money!

RW16610 · 8 July 2020, 02:49 AM

Quote:

Originally Posted by 77T

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

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

joli160 · 8 July 2020, 06:15 AM

Check out the buyer on trf by going through his posts

Xenon · 8 July 2020, 06:45 AM

PayPal member here for 20 years.

7 July 2020, 06:21 PM	#1
danw-rolex "TRF" Member Join Date: Dec 2013 Location: here Posts: 57	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!

7 July 2020, 08:42 PM	#2
77T 2024 ROLEX DATEJUST41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 40,694	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 __________________ Does anyone really know what time it is?

8 July 2020, 06:15 AM	#8
joli160 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,343	Check out the buyer on trf by going through his posts __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

7 July 2020, 08:51 PM	#4
White Collar Boy 2024 Pledge Member Join Date: Feb 2020 Real Name: Matt Location: . Watch: PAM111 Posts: 2,624	Beware of PayPal chargeback scammers.

7 July 2020, 08:56 PM	#5
interestedwatcher 2024 Pledge Member Join Date: May 2019 Location: Perth Posts: 973	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
Denvertimeguy Banned Join Date: Jul 2020 Location: Denver Posts: 122	Like mentioned above just steer clear of PayPal... too many possible hassles dealing with chargebacks and holding new sellers money!

8 July 2020, 06:45 AM	#9
Xenon Banned Join Date: May 2020 Location: USA Posts: 1,137	PayPal member here for 20 years.

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