Waiting for Paypal


Normally I don't sell to those with no feedback on Audiogon or eBay, but occasionally I make an exception. Once the paypal account shows that I have the money from the buyer, I request a check immediately. Is there a safe length of time to wait before I ship the item? Is it safe to ship once I receive the check from Paypal? My bank account is linked to Paypal. If there is a default later on, can Paypal pull the money back out of the bank account even if they sent me a check in the mail instead of direct deposit? What would you do? Thanks.
tgrisham
JMCGrogan has the right approcah. PayPal are pirates, I got burned on a Seiko watch and they did *nothing* to help. Use a separate, PayPal-specific account and xfer the money ASAP. Then ship the item. Do NOT trust their dispute resolution process, it is bogus and, essentially, worthless...

-RW- Not that I'm bitter...
Yes, transfer the money immediately from PP to your bank acct. But that transfer takes 2 to 3 days before you see it in the bank.
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Usually I wait to ship until paypal posts to my account. Paypal cannot take money out of my money market even in the event that I am wrong since I set it up with my bank. I transfer the money from savings to money market then ship. I also tie a credit card to it. All someone has to do is to hack into your paypal account and add a couple of fake addresses then buy something and have it sent there (like a vacant lot) the post man will take it back to the local post office then the crook will try to pick it up. I had 1674 taken from my bank account (I did not have the time to transfer it into my money market) but my bank got the money back pretty quickly. I do feel sorry for the merchant that was out the money for the 2 items purchased by the crook. Paypal told me that they would prosecute the person once they traced them, but would not help me find out who they are so I could sue them due to privacy rights. Can you beleive that s--t! I guess they want their money so badly that they wouldn't even help out the merchant. Like Elizabeth, use your credit card company if using paypal. Also check out paypalsucks.com I know I'm sometimes controversial if I don't beleive that certain tweeks or upgrades work, but for everyone that IS honest, be careful!