Has anyone had any experience in receiving a personal payment through paypal (no fees payable) as a payment for example a loan? Could this be a way to be scammed or is it perfectly safe? Could the payment be reversed by the sender? Anyone's help would be appreciated.
Not always; you could pay by "Pay for goods or services" and that incurs no fees.
To Aocal,
It should be safe, not much to worry about as it is Paypal
Incorrect.
It's free to pay.
It costs 3% to RECEIVE.
Wow really now?
Never really knew that because for OCAU trades that how I normally do it if I pay via PayPal
For OP, why not just do a bank deposit?
Incorrect.
It's free to pay.
It costs 3% to RECEIVE.
Not necessarily - there is only a fee if the sender uses a credit or debit card to fund the payment. If it comes from Paypal balance or bank account it is free.
yes! i can be reversed by the CC company, or if the sender files an unauthorised transaction. i would not receive money via paypal for anything other than ebay purchases. use bank deposit or cash
Can anyone suggest a fair and reasonable way for both parties(buyer n seller)?
Purchases not on ebay but through other sites like Gumtree and other 'non secure' sites.
Bank deposits - If goods are not received or faulty, how would the buyer overturn the payment, and how many days before the power to do so expires if applicable?
Cash on delivery - If buyer n seller agrees, it's fair? Maybe through Aus Post?
PayPal - If buyer overturns payment seller loses goods and payment? Where does the seller stand?
Personal pickup and payment - surely is the safest but most online buys are not within reach of their respective area.
Thoughts ?
PayPal always get their pound of flesh. 3% for personal payments I believe