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Dennis.Kirby(at)kirtland. Guest
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Posted: Wed Dec 27, 2006 10:41 am Post subject: Payment Question |
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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 Guest
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jim
Joined: 03 Nov 2006 Posts: 107 Location: N. Idaho
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Posted: Wed Dec 27, 2006 1:21 pm Post subject: Payment Question |
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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
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Posted: Wed Dec 27, 2006 3:48 pm Post subject: Payment Question |
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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 Guest
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Posted: Wed Dec 27, 2006 4:11 pm Post subject: Payment Question |
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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
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Posted: Wed Dec 27, 2006 5:22 pm Post subject: Payment Question |
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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 Guest
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Posted: Wed Dec 27, 2006 5:56 pm Post subject: Payment Question |
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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 Guest
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Posted: Thu Dec 28, 2006 5:49 am Post subject: Payment Question |
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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)
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Posted: Thu Dec 28, 2006 6:04 am Post subject: Payment Question |
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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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_________________ Thom Riddle
Buffalo, NY (9G0)
Don't worry about old age... it doesn't last very long.
- Anonymous |
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Eugene Zimmerman

Joined: 10 Jan 2006 Posts: 392
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Posted: Thu Dec 28, 2006 10:58 am Post subject: Payment Question |
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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
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Posted: Fri Dec 29, 2006 8:37 pm Post subject: Re: Payment Question |
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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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_________________ "NO FEAR" - If you have no fear you did not go as fast as you could have !!!
Kolb MK-III Xtra, 912-S |
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