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07-18-2012, 07:54 PM
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Join Date: Apr 2010
Location: Ridgeland, SC
Posts: 2,589
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Ron---I've use pay pal to handle my transactions from all over the world. However, due to the large $$ amount, I would to a bank/bank transfer, or wire. The pay pal fee would be pretty LARGE!
Tom
__________________
Tom Swearengen, TS Flightlines LLC, AS Flightlines
Joint Venture with Aircraft Specialty
Teflon Hose Assemblies for Experimentals
Proud Vendor for RV1, Donator to VAF
RV7 Tail Kit Completed, Fuse started-Pay as I go Plan
Ridgeland, SC
www.tsflightlines.com, www.asflightlines.com
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07-18-2012, 09:17 PM
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Join Date: May 2009
Location: Houston, TX
Posts: 531
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Quote:
Originally Posted by Flybuddy2
Just an fyi...i put a motorcycle on Craigslist recently. Within a week i got 8 different emails and one call all giving a variation of the same scenario, ie; i'm either a long distance buyer or buying for someone else, give me some info on the bike and your paypal address and we'll finish transaction. All are scams. From my understanding, what occurs is after giving them your email, you then get a fake email from paypal saying there is a large payment to you that is pending your verification. It includes a fake link, once you hit it and sign in, they've got your paypal ID. Be VERY careful with this.
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Oh, good reminder: if you get a paypal email, ignore it and login to your account directly in a browser instead.
Same as when you get email from your bank, UPS, USPS, of the $20M you just won. 
__________________
-Rick Greer, VAF #2492
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07-18-2012, 10:32 PM
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Join Date: Jun 2010
Location: Buderim, Queensland Australia
Posts: 153
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There is no way known to man I would purchase something of that value without some form of escrow service in place. Almost any form of electronic payment can be disputed, even a bank cheque.
Some tips for paypal though, as I use it almost exclusively for online payments.
1. Open a separate bank account specifically for these transactions and ensure the balance is almost always zero.
2. Attach a credit card to the paypal account with a minimal limit and transfer the cash to it for purchases.
3. Upon receipt of any cash payments to your paypal account >$100 send the funds to your nominated account and withdraw them to another, which is not linked to your paypal account.
4. Always remember possession is 9/10's of the law.
5. If it feels suspect it probably is.
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07-19-2012, 05:42 AM
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Moderator/Tech Counselor
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Join Date: Jan 2005
Location: East Troy, WI
Posts: 1,983
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Be careful of long distance buyers. Do not give them any paypal, credit card, or bank account numbers or pass words. If you want to use paypal, check with them on the proper and safe way to do it. The same with using bank accounts. Check with your bank. Once thiefs have your numbers, they can wreak havoc with you credit and funds.
Roberta
__________________
Roberta Hegy
Built/Flew an RV-7A
Air Troy Estates, East Troy, WI
Ford Expedition and TRICE "Q"
Built Glen L "ZIP" Classic Outboard Runabout and Super Spartan Hydroplane
Glen L Torpedo
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07-19-2012, 09:20 AM
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Join Date: Nov 2007
Location: Yarmouth, Nova Scotia
Posts: 2,408
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Thanks everyone
We chose to direct the sale towards our attorney. If I were serious in a large purchase dealing with an attorney for money transactions, would not push me away. I would like to deal directly to the seller with questions on the aircraft condition though.
Thanks again
Ron
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07-19-2012, 04:11 PM
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Join Date: Jul 2009
Location: Mojave
Posts: 4,652
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FWIW, I just sold an aircraft project to an overseas buyer that had "SCAM" written all over it. Strike 1 - Poor english, Strike 2 - poor product knowledge, Strike 3 - other side of the planet... etc.
My initial response to him was short and more than a little guarded, but he turned out to be completely legit. He wired the money to my account and the funds were locked up solid before the airplane ever left my hangar.
I had no problem giving out the routing number to my account - after all, its on every check you write.
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WARNING! Incorrect design and/or fabrication of aircraft and/or components may result in injury or death. Information presented in this post is based on my own experience - Reader has sole responsibility for determining accuracy or suitability for use.
Michael Robinson
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Harmon Rocket II -SDS EFI
RV-8 - SDS CPI
1940 Taylorcraft BL-65
1984 L39C
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