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Old 12-12-2014, 04:29 AM
 
1,320 posts, read 3,201,792 times
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I sold an item on Ebay yesterday for 2,500. I got a notice from Paypal that said 2,500 was sent. My pp account says it is there, but need to verify my account before I can claim it. So I just did, and they will add and take out a small amount from that bank account but said it could take a few days to show up on my bank statement. I then need to put those number into Paypal to complete verification. So I can't accept it at this moment. But if I don't reject,my money is safe during this process? The sender can't withdraw it, right? How long will it stay safe before the sender can do anything to possibly try and get it back?
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Old 12-12-2014, 04:33 AM
 
24,503 posts, read 35,955,968 times
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Correct.

The buyer has no idea what is happening on your side. As far as they are concerned (or can see), they have paid you and you have the money.

As long as you ship the item as agreed and the item is as described in your listing, you will be fine. The money will be released once you are verified. Also, for a $2,500 item (any item above $250), eBay/PayPal requires that you request a signature upon delivery. DO NOT FORGET THIS.
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Old 12-12-2014, 04:39 AM
 
1,320 posts, read 3,201,792 times
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So, a person is coming to pick up the car. We just need a purchase agreement for him to sign? What do we then do with that? Thank you for the help.
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Old 12-12-2014, 05:04 AM
 
24,503 posts, read 35,955,968 times
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For a car, I wouldn't use PayPal. It's an in-person transaction. Use cash.
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