PayPal no longer covers any knives. Just called them.

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andre1
If this is a very large transaction, the one thing I would do is send the knives registered mail rather than just insured.
 
bikerector said:
It can be a lot of hassle and requires the exchange of sensitive information that scammers have used to steal funds, at least that's what I've heard. I know setting up bank to bank transfers between family members to make it easier hasn't always been the easiest, but I'm not sure it requires more information than someone can take from a personal check either.

Getting it setup is a bother though, and usually requires at least a week for processing, from my experience.
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This doesn't seem to be an issue with the Japanese or European buyers I've known, and many DO NOT want to deal with PayPal--they would rather send 20K as a wire transfer on an essentially blind sale. (In some cases, this could be because the seller is reputable. But there is no squawking about getting scammed by the mere fact of setting up and executing a wire transfer.) One guy from Belgium (we were strangers to each other) essentially said he didn't want any stinkin' invoice from PayPal or anything to do with paypal, etc., just let him wire the money! (which I did)

I think other cultures are just used to doing it their way (wire transfer) and know what they are doing. AFAIK, the transfer is quick, the processing may take a day or 2, depending on the banks involved (much like PayPal).
 
bikerector said:
It can be a lot of hassle and requires the exchange of sensitive information that scammers have used to steal funds, at least that's what I've heard. I know setting up bank to bank transfers between family members to make it easier hasn't always been the easiest, but I'm not sure it requires more information than someone can take from a personal check either.

Getting it setup is a bother though, and usually requires at least a week for processing, from my experience.
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Okay. In Finland we send money with regular transaction all the time. You just need the IBAN number and the recipient’s name. Neither can be used for transferring money, but separate account information and security numbers in ”internet bank” service.

I guess you could rob someone but you would need some Mission Impossible level stuff to pull it off. :D
 
annr said:
This doesn't seem to be an issue with the Japanese or European buyers I've known, and many DO NOT want to deal with PayPal--they would rather send 20K as a wire transfer on an essentially blind sale. (In some cases, this could be because the seller is reputable. But there is no squawking about getting scammed by the mere fact of setting up and executing a wire transfer.) One guy from Belgium (we were strangers to each other) essentially said he didn't want any stinkin' invoice from PayPal or anything to do with paypal, etc., just let him wire the money! (which I did)

I think other cultures are just used to doing it their way (wire transfer) and know what they are doing. AFAIK, the transfer is quick, the processing may take a day or 2, depending on the banks involved (much like PayPal).
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Adding to what I said in above post, I haven’t found PayPal difficult, in fact it is easy and handy for buing stuff. I just need to pay the credit bill later.
 
A.L. said:
Out of curiosity; why don't people use just regular bank transfer in US? Is it costly? Too much hassle?
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It's not as simple as BIC/IBAN here, heck it took a half hour on the phone to just to be able to transfer funds to my landlord who uses the same bank.
 
Peter Hartwig said:
andre1
If this is a very large transaction, the one thing I would do is send the knives registered mail rather than just insured.
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$3000

I keep saying its not about insurance. Someone can simply say that a box of rocks was in package instead of the knife and according to PayPal seller would loose.
That's not an insurance claim.
It's like trying to evict a renter. The court is in the favor of the renter not the landlord. Not trying to be down on life. Just the way things are.

I'm good the way I will do business in the future. We are still living in a free country at the moment so to each his own how they want to do business.

Thanks for all the feedback good or bad. That's part of the reason we're here.

I'm out.
 
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andre1 said:
$3000

I keep saying its not about insurance. Someone can simply say that a box of rocks was in package instead of the knife and according to PayPal seller would loose.
That's not an insurance claim.
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Registered mail suggestion wasn't meant as a solution to PP-just a safer way to ship expensive items. If you are going to go to all the trouble of using a lawyer as a middle man, why not go all the way.
but your decision, and no guarantee the free advice is worth more than you paid for it.
 
Always use Paypal with caution regardless of circumstances, usually there isn't any problems as much as there used to be but the opportunity is always there.
 
annr said:
I’ve found this to be a cultural thing. My buyers from Europe insist on wire transfer, and US buyers don’t seem to consider it an option.

There can be fees on either or both ends (and currency conversion in some cases) which aren’t always easy to determine, IME. There’s also the trust aspect or buyer/seller protection.

But I’ve seen people (complete strangers) wire amounts in the 5 figures based on nothing more than photographs and emails—and so far, no problems. (This does seem to weed out the non-serious buyers or the person who plans to haggle over the price after the fact. Unless there is a serious flaw, the sale is final and marketed as such—and that’s why insurance is part of the price.)
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I have only purchased ten knives from Europe - four by credit card and six through eBay (required payment through PayPal although I have no PP account and funded by credit card). Never was I asked for wire transfer from Finland, Germany, Poland, Entonia or Russia. Limited sample.
 
Thomas Linton said:
I have only purchased ten knives from Europe - four by credit card and six through eBay (required payment through PayPal although I have no PP account and funded by credit card). Never was I asked for wire transfer from Finland, Germany, Poland, Entonia or Russia. Limited sample.
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My post was not in regard to an international SELLER accepting PayPal or not. (Of course, sellers like protections.)

My point was that some (not all) international BUYERS wanted to PAY ME with wire transfer, and they did not raise issues of fraud or identity theft, etc. They specifically refused to pay me with PayPal.

I have also sold internationally where the BUYERS use PayPal without question. I have yet to have a US BUYER insist on paying me with wire transfer.

My impression: wire transfers are more common and normal practice OUTSIDE the US and could be one reason that they do not come up with great frequency for domestic transactions.

(I am referring to private sales, and I think this is noteworthy because without the credit card, eBay, or PayPal "protections,' these BUYERS STILL wanted and used the wire transfer.)
 
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If you shipped insured using USPS you are covered if the knife goes missing. If the buyer says they never received and tracking says they did, that's mail fraud.

I've never had a problem with PayPal except for the time I sold a Persian bladed knife and the word Persian triggered a DHS hold that was lifted after 3 days.

I don't love PayPal but I'll continue to use it.
 
Sell the item as a camping tool and not a knife. Then they can't call it a weapon. That's how I always do it.

It's like the legality on brass knuckles. You call it brass knuckles but that's just my belt buckle.
 
PirateSeulb said:
I am all for alternate means but besides USPS MO or Bank Cashier's Checks I am not sure what is a reliable means currently. I will accept most any funding but I want the buyer to have as much confidence in the security of the funds for themselves as I do for myself with some favoritism for my own security :p. I will say right now this concern is minor as at least here there has been no reported cases of claim issues due to the type of item sold.
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I can tell you the issue a lot of folks will have with USPS MO or Cashier's checks: they actually have to have the money. LOL

Can't be running up a credit card with either of those methods of payment.
 
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