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Old 02-11-2014, 11:16 AM   #1
gearheadE30 OP
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How to accept payment for my old bike

I'm selling my old GS and I have an interested buyer on another forum. Unfortunately, he is in new York and I am in Indiana. I'm trying to figure out what the best way to accept payment is, since cash is difficult since the bike needs to be shipped and PayPal protection doesn't cover vehicles as far as I know. He wants to pay via PayPal. I'm not really all that thrilled with the situation because I dont see much of a good way to cover my ass in the event that he rescinds payment or something happens down the line. How do you guys normally go about doing this? Is there a really surefire way of accepting payment when the transaction is over a distance and shipping is involved?

also, idk if I put this in the right place, but it didn't seem to fit anywhere else.
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Old 02-11-2014, 11:19 AM   #2
steveWFL
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if you're that worried have him mail a check and don't ship till it clears the bank
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Old 02-11-2014, 11:20 AM   #3
danedg
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Ask for a certified bank check. When your bank receives and the check clears, then the transaction can conclude.
Federal Motorcycle Transport does a nice job. This may slow down the deal, but it keeps it on the up and up!
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Old 02-11-2014, 02:05 PM   #4
ttpete
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I wouldn't do PayPal. There's nothing stopping him filing a claim and your money will be tied up with little hope of getting it or the bike back.

Have him FedEx overnight you a cashier's check for the amount and when it clears, send the title back the same way when the bike is shipped. That way, you'll have tracking both ways.
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Old 02-11-2014, 03:12 PM   #5
Ron Bernert
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Quote:
Originally Posted by ttpete View Post
I wouldn't do PayPal. There's nothing stopping him filing a claim and your money will be tied up with little hope of getting it or the bike back.

Have him FedEx overnight you a cashier's check for the amount and when it clears, send the title back the same way when the bike is shipped. That way, you'll have tracking both ways.
Y'know, I had this happen to me and it SUCKED. Sold a set of wheels for $400.00. PayPal put it in 'escrow' because I didn't have enough "sales experiences".. Sho nuff, sent the wheels because PayPal said it was "OK to ship". And you know the rest..... Buyer decides to 're-negotiate' the sales price and I declined. He filed a complaint with PayPal and I was AWARDED $200.00 for the wheels.
Sooo what happened after that? PayPal doesn't even return my emails. There's no checks and balances with PayPal, they get in the middle of your transaction and YOU LOSE. {close rant}
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Old 02-11-2014, 03:30 PM   #6
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Beware the PayPal FEEEEEEEEEESSSSSS!!!!!!!!!!!!
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Old 02-11-2014, 03:57 PM   #7
MotorcycleWriter
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Bank Check. Recently had a seller insist on this. It was a minor inconvenience but I wanted the item so I made it happen. If he wants the bike he'll send you a check. If he protests...
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Old 02-11-2014, 04:05 PM   #8
ZEmann
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from a buyers point of view I wouldn't even consider sending a check for a bike to someone I didn't know PayPal is my only protection and u can use credit so if your buyer doesn't have the cash on hand the deal will fall apart


but I do know on your end it's scarey also do to the unscrupulous folk who might file a false claim

I would just sell local myself
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Old 02-11-2014, 04:29 PM   #9
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Friend of mine had the buyer mail the check, it cleared, my buddy mailed the title, when the new one was issued in buyers name he did a fly and ride. I'd trust it on adv if you scanned his posts and he didn't seem crazy. Other forums though....I have to agree with the above and just sell locally.
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Old 02-11-2014, 08:37 PM   #10
MotorcycleWriter
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One option is to post the bike on eBay with a buy-it-now. Have the buyer purchase the bike and he's just made a deal with eBay's lawyers, and you now fall under PurchaseProtection. I've done this and didn't have a problem. You might also get a sense of this persons credibility rating from their eBay rating.
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Old 02-11-2014, 08:46 PM   #11
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Quote:
Originally Posted by MotorcycleWriter View Post
One option is to post the bike on eBay with a buy-it-now. Have the buyer purchase the bike and he's just made a deal with eBay's lawyers, and you now fall under PurchaseProtection. I've done this and didn't have a problem. You might also get a sense of this persons credibility rating from their eBay rating.
Great idea, I'm going to remember that one
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Old 02-11-2014, 08:54 PM   #12
B02S4
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Don't be surprised if the buyer wants to see a copy of the title & a photo of the VIN before sending payment.
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Old 02-11-2014, 09:23 PM   #13
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I did a fly and ride a few years ago. I wired the money to a bank of the sellers choice into an escrow type account. When I picked it up and got the title, the bank transferred the money into his account. I think they charged me $14 or something like that.
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Old 02-11-2014, 09:31 PM   #14
XtreemLEE
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EVERYBODY IS WRONG...

BANK TO BANK TRANSFER!!!

Costs between 10 and 20 dollars once you have the money you ship. There a ahundred ways to get screwed by paypal or ebay...
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Old 02-12-2014, 06:26 AM   #15
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I wouldn't hit my dead dog in the azz w/PayPal or Ebay anymore... their whole thing has seemed to change in the last few months, Ebay is almost all commercial sellers now.... and there is absolutely NO recourse in any problems w/either of them, all they have is incredibly amorphous verbage saying nothing on their faq pages, and it's totally impossible to contact anyone for anything like an answer....and this is YOUR MONEY that they're messing with.... i'm really amazed that they're still in bizness and exist at all.... they're just making $$$ off dumb people who are buying overpriced overstock items from commercial vendors.... there really don't seem to be any good deals anymore....

as to the original question.... bank check when cleared, or postal money order.... postal money orders are the best, only cost a couple of bucks....
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