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Payment Question

 
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Dennis.Kirby(at)kirtland.
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PostPosted: Wed Dec 27, 2006 10:41 am    Post subject: Payment Question Reply with quote

Kolb Friends -

For those of you who have sold large-dollar-amount items (like airplanes
or engines), how do you work out the payment plan?

For example, let's say I found a nice, low-time 912ul engine on
Barnstormers that I wish to purchase from an individual to give to Big
Lar for Christmas so he can get Vamoose flying. I don't want to send a
check for $8,000 to a stranger until the engine I just bought is
delivered at my door. Similarly, he does not want to ship his engine to
me until he is sure I've sent his $8,000.

Is there some kind of escrow service that we can use to address this
dilemma?

I've heard of "PayPal" accounts that many folks use for purchasing stuff
on eBay, but I don't have such an account. What are the options that
would benefit both parties?

Many thanks -

Dennis Kirby
Cedar Crest, NM


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a58r(at)verizon.net
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PostPosted: Wed Dec 27, 2006 12:25 pm    Post subject: Payment Question Reply with quote

Dennis,

Go to http://www.paypal.com and jump through their hoops..easy.
regards,
Bob N. FireFly 070 Old Kolb
http://www.angelfire.com/rpg/ronoy/

do not archive


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jim



Joined: 03 Nov 2006
Posts: 107
Location: N. Idaho

PostPosted: Wed Dec 27, 2006 1:21 pm    Post subject: Payment Question Reply with quote

As a seller, Paypal has a $500/month max unless seller provides their SSN
for Uncle Sam. If an individual with a one-time sale, seller may not want
to do that. Also, seller may get charged 3% fee on the money they
received from PP. That's $240 they would loose unless you pay extra.

If you or a friend can't pick it up in person, I think the best bet is to
talk to the individual and determine if you trust him/her. Check ebay
feedback, research the store,etc. If you don't trust them enough to send
in your money, you probably should not bid on the item.

I will sometimes ask for a 3-day inspection on an item I purchased. If it
is not as advertised, then return it for refund; less shipping. You can
negotitate anything you want, but in the end you will have to trust the
seller first.

Jim
N. Idaho

Quote:

<Dennis.Kirby(at)kirtland.af.mil>


Kolb Friends -

For those of you who have sold large-dollar-amount items (like airplanes
or engines), how do you work out the payment plan?

For example, let's say I found a nice, low-time 912ul engine on
Barnstormers that I wish to purchase from an individual to give to Big
Lar for Christmas so he can get Vamoose flying. I don't want to send a
check for $8,000 to a stranger until the engine I just bought is
delivered at my door. Similarly, he does not want to ship his engine to
me until he is sure I've sent his $8,000.

Is there some kind of escrow service that we can use to address this
dilemma?

I've heard of "PayPal" accounts that many folks use for purchasing stuff
on eBay, but I don't have such an account. What are the options that
would benefit both parties?

Many thanks -

Dennis Kirby
Cedar Crest, NM



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Jim
N. Idaho
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biglar



Joined: 14 Jan 2006
Posts: 457

PostPosted: Wed Dec 27, 2006 3:48 pm    Post subject: Payment Question Reply with quote

You're buying me an engine ?? Gee, you're a wonderful guy, but Christmas is
past, so I guess I'll just hafta wait till next year, eh ??

I've also heard that PayPal has an escrow service, but I'd be very, very
careful. PayPal is OK, I'm told, but I've had a huge amount of spam using
the PayPal name, and it makes me very nervous. Lar.

P.S. 1 of these days we gotta get together and at least say hello, since
I'm only about 65 miles away. Right now I'm up to my ears in the new job,
and pretty much working 7 days a week. No relief in sight, but the
weather's been terrible, so nothing else to do anyway.

Larry Bourne
Santa Fe, NM
www.gogittum.com
---


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Larry Bourne
Palm Springs, CA
Building Kolb Mk IIIC
"Vamoose"
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pj.ladd(at)btinternet.com
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PostPosted: Wed Dec 27, 2006 4:11 pm    Post subject: Payment Question Reply with quote

but Christmas is past, >>

Hi Lar,

but Christmas is like the Ides of March `come Ceasar but not yet gone`. You
could still be lucky.

Cheers

Pat


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biglar



Joined: 14 Jan 2006
Posts: 457

PostPosted: Wed Dec 27, 2006 5:22 pm    Post subject: Payment Question Reply with quote

Should I hold my breath ?? Do not Archive.

Larry Bourne
Santa Fe, NM
www.gogittum.com

---


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Larry Bourne
Palm Springs, CA
Building Kolb Mk IIIC
"Vamoose"
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ElleryWeld(at)aol.com
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PostPosted: Wed Dec 27, 2006 5:56 pm    Post subject: Payment Question Reply with quote

After the Problems I have had with pay pal I would not recomend it! or someone from another country will be living off your bank acount dont ask me how I found that out


Ellery

do not archive
[quote][b]


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mustangsally(at)semo.net
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PostPosted: Thu Dec 28, 2006 5:49 am    Post subject: Payment Question Reply with quote

I think Barnstormers has an escrow service.
Jerry
[quote][b]


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Thom Riddle



Joined: 10 Jan 2006
Posts: 1597
Location: Buffalo, NY, USA (9G0)

PostPosted: Thu Dec 28, 2006 6:04 am    Post subject: Payment Question Reply with quote

Last airplane I sold we used escrow.com. They are not geared up for
airplanes but they are for cars etc. It worked out fine for both the
buyer and seller.

Thom in Buffalo


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Buffalo, NY (9G0)



Don't worry about old age... it doesn't last very long.
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Eugene Zimmerman



Joined: 10 Jan 2006
Posts: 392

PostPosted: Thu Dec 28, 2006 10:58 am    Post subject: Payment Question Reply with quote

Ellery,

I'm really sorry to hear about your unfortunate experience.

I believe the problems you have had with Papal are not the fault of
Papal but with the scum bags that mimic Paypal and e-Bay with their
authentic looking email and web page interface that are actually not
from these businesses at all, but are bogus messages of expert scams
artists.

If you never reply directly to anything that appears to be coming
from these sources, but go directly to the official Papal or E-Bay
websites you will have no problem.

If you would first check the source address and the return path to
all the authentic looking messages that appear to be coming from Pay-
Pal and from E-Bay to you you would find that most if not all of them
are actually NOT genuine messages from Pay Pal or from E-Bay.

It is not accurate to blame the legit Internet companies for what
dishonest crooks have done to you.

Because of the risks involved WORLD WIDE WEB internet commerce is
probably not for everyone, but I believe with proper vigilance
Internet commerce with reputable businesses can be as safe as with
your local bank or merchant.

Gene,
On Dec 27, 2006, at 8:56 PM, ElleryWeld(at)aol.com wrote:

Quote:
After the Problems I have had with pay pal I would not recomend
it! or someone from another country will be living off your bank
acount dont ask me how I found that out
Ellery

do not archive _-
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JetPilot



Joined: 10 Jan 2006
Posts: 1246

PostPosted: Fri Dec 29, 2006 8:37 pm    Post subject: Re: Payment Question Reply with quote

Paypal is a big company with a good reputation. I have used them for years, and use them a LOT, never the slightest problem. As Eugene said, if you got ripped off, you probably did something wrong.

Phishing is done all the time - Crooks imitate banks, paypal, and all sorts of legitimate companies. If someone rips you off by representing themselves as Citibank, its not the fault of the bank. Just as paypal is not repsonsible for every crook that manages to talk people out of thier money using their name.

JettPilot


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