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Anyone ever get paid for a car by paypal?
So I sold a car today (which I dont have to deliver for a few weeks 1.5 hrs away) to someone who is in Iraq.
We agreed to paypal and he said he would cover the fees. (fine by me) Plus I have time for the money to clear etc before I drop it off at his parents place.
The payment was marked "payment owed" I have never seen this before and wondered wtf that meant. I did some searching and this is what I found..
When using Paypal you have the following options when sending money, you can send it as a Purchase or as personal.
So if you pay or get paid by Personal instead of Purchase there are no fees if you have the money in your bank or paypal account, but the buyer has no recourse if they are not happy. 
We agreed to paypal and he said he would cover the fees. (fine by me) Plus I have time for the money to clear etc before I drop it off at his parents place.
The payment was marked "payment owed" I have never seen this before and wondered wtf that meant. I did some searching and this is what I found..
When using Paypal you have the following options when sending money, you can send it as a Purchase or as personal.
If you select Purchase you have to choose from...
Goods
Services
Ebay items
All these options incur a fee of 3.4% plus 0.20p.
If using either of these options you may use the dispute a transaction service provided by paypal for non sent items or similar problems when you are the buyer.
If you select Personal you have to choose from....
Gift
Personal payment owed
Household expense
Other
All these options Do Not charge a fee for either the buyer or seller as long as the full amount can be covered by your paypal balance or a validated, linked bank account.
If you use a credit or debit card to cover the balance through personal payment you will be charged a fee of 3.4% plus 0.20p.
When paying through personal payment owed remember that a "Dispute a transaction" cannot be started through paypal for "goods not sent" or any other problem as this service is provided for exactly what its name suggests.
Goods
Services
Ebay items
All these options incur a fee of 3.4% plus 0.20p.
If using either of these options you may use the dispute a transaction service provided by paypal for non sent items or similar problems when you are the buyer.
If you select Personal you have to choose from....
Gift
Personal payment owed
Household expense
Other
All these options Do Not charge a fee for either the buyer or seller as long as the full amount can be covered by your paypal balance or a validated, linked bank account.
If you use a credit or debit card to cover the balance through personal payment you will be charged a fee of 3.4% plus 0.20p.
When paying through personal payment owed remember that a "Dispute a transaction" cannot be started through paypal for "goods not sent" or any other problem as this service is provided for exactly what its name suggests.
mood today
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