Selling a forum, buyer wants to pay with paypal?

Discussion in 'Generating Revenue' started by Bikenut, Jul 12, 2017.

  1. Bikenut

    Bikenut Enthusiast

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    Is it safe to accept paypal as a payment? Whats the preferred and safe payment method. I worry about transferring the forum over and then having him dispute the transaction later.
     
  2. zappaDPJ

    zappaDPJ Administrator

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    I prefer to have a wire transfer direct into my bank account for larger sums of money as I've found PayPal to be a little unpredictable when it comes to disputes.
     
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  3. mysiteguy

    mysiteguy Devotee

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    If it's a large amount I insist on an escrow service.
     
  4. Shawn Gossman

    Shawn Gossman Tazmanian Master

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    When I bought out my competition, I used an escrow service but I paid over $1,000 so I couldn't see doing that with PayPal.
     
  5. Timelord_

    Timelord_ Enthusiast

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    Anything over a few hundred bucks, I would go with an escrow service.
     
  6. PoetJC

    PoetJC ⚧ Jacquii: Black Kween of TSSN ⚧

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    Paypal can be a bet sketchy. But generally can be trusted as far as web projects are concerned.
    If there's any issue - Paypal will generally rule in favor of the project owner. Something about non-perishable goods and all that jazz...
    I've trusted Paypal with a few large transactions and have never had any issues.

    J
     
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  7. Bikenut

    Bikenut Enthusiast

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    I went ahead and used Paypal, but only after having him sign a detailed sales agreement with detailed payment terms. I charged half up front, half after the database and domain were transferred. Went smooth, I got my money and he got a forum.
     
  8. Timelord_

    Timelord_ Enthusiast

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    Congrats on the successful exit!
     
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