Hi,
I’ve read the FAQ on PayPal but…
If you were selling an £5-10k watch, would you accept PayPal F & F? Is there protection for the buyer and can PayPal hold onto funds/return funds if a complaint is raised?
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Hi,
I’ve read the FAQ on PayPal but…
If you were selling an £5-10k watch, would you accept PayPal F & F? Is there protection for the buyer and can PayPal hold onto funds/return funds if a complaint is raised?
Friends and Family - being free to use............ Of course - carries no indemnity of any sort.Quote:
Originally Posted by watchmad
I’ve always paid using PayPal f&f via Amex for watches on here which was great for airmiles but had a phone call from Amex a few months ago telling me if I do it again they will cancel my card. Back to bank transfer now!
Zero protection with F&F.
Crikey that’s a bit draconian from Amex.Quote:
Originally Posted by wileeeeeey
I never realised that you could do that, I could have been a few thousand avios points up if I’d known [emoji6]
Sent from my iPhone using Tapatalk
I'm far from an expert but that sounds like it could be taken by Amex as a form of laundering? i.e. you pay your partner via Paypal F&F with your Amex to gain the air miles, then they/you still have the full money + air miles.Quote:
Originally Posted by wileeeeeey
Happy to be corrected if I'm wrong though on that.
I sometimes use my Mastercard to pay for things via Paypal but don't think I can use it for F&F transactions, only Goods & Services (i.e. buying from eBay or online shops who offer Paypal as an option).
Paypal on this forum, your having a laugh
Yes, as a buyer, no issues as a seller.Quote:
Originally Posted by Chris_in_the_UK
£5- £10k I’d maybe want to collect it -
That is a signal that you are buying too many watches!Quote:
Originally Posted by wileeeeeey
I'd want to collect
I closed both my PayPal and e-bay accounts earlier this year, don’t miss either. Debit card when buying off dealers, BT for private.
Except that under the 'friends and family' system it's not intended for buying or selling.Quote:
Originally Posted by watchlovr
They're probably viewing it as taking cash advances without paying interest.Quote:
Originally Posted by andy100
I was ripped off with someone who paid using F&F. They did a chargeback months later and I lost the money.
Unfortunately not true. Buyer can fund PayPal via credit card and later do a charge back, thus screwing the seller as they used friends and family, with no PayPal protection.Quote:
Originally Posted by watchlovr
Wow, that's news to me. Thanks.Quote:
Originally Posted by Essexman
Quote:
Originally Posted by JPCain86
I wasn't aware of chargebacks via F&F either, so thanks for the heads-up!Quote:
Originally Posted by Essexman