How to accept payment for my old bike

Discussion in 'Old's Cool' started by gearheadE30, Feb 11, 2014.

  1. gearheadE30

    gearheadE30 Long timer

    Joined:
    Jan 20, 2012
    Oddometer:
    1,037
    Location:
    Indiana
    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.
    #1
  2. steveWFL

    steveWFL Long timer

    Joined:
    Feb 25, 2010
    Oddometer:
    1,397
    Location:
    Tampa
    if you're that worried have him mail a check and don't ship till it clears the bank
    #2
  3. danedg

    danedg Horizontally Opposed

    Joined:
    May 13, 2008
    Oddometer:
    6,795
    Location:
    U-puku-ipi-sing
    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!
    #3
  4. ttpete

    ttpete Rectum Non Bustibus

    Joined:
    May 13, 2009
    Oddometer:
    6,196
    Location:
    Dearborn, MI
    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.
    #4
  5. Ron Bernert

    Ron Bernert hiding in plain sight

    Joined:
    Sep 15, 2009
    Oddometer:
    327
    Location:
    Oxford, Ohio
    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}
    #5
  6. concours

    concours WFO for 41 years

    Joined:
    Dec 2, 2008
    Oddometer:
    5,441
    Location:
    Kensington, NH USA
    Beware the PayPal FEEEEEEEEEESSSSSS!!!!!!!!!!!! :eek1
    #6
  7. MotorcycleWriter

    MotorcycleWriter Long timer

    Joined:
    Dec 1, 2012
    Oddometer:
    1,285
    Location:
    North Alabama - World's Rockiest Trails
    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... :2guns
    #7
  8. ZEmann

    ZEmann want to be riding

    Joined:
    Jul 19, 2013
    Oddometer:
    659
    Location:
    Arizona
    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
    #8
  9. devo2002

    devo2002 -Devo

    Joined:
    Nov 12, 2010
    Oddometer:
    4,044
    Location:
    Los Angeles
    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.
    #9
  10. MotorcycleWriter

    MotorcycleWriter Long timer

    Joined:
    Dec 1, 2012
    Oddometer:
    1,285
    Location:
    North Alabama - World's Rockiest Trails
    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.
    #10
  11. devo2002

    devo2002 -Devo

    Joined:
    Nov 12, 2010
    Oddometer:
    4,044
    Location:
    Los Angeles
    Great idea, I'm going to remember that one :thumbup
    #11
  12. B02S4

    B02S4 Aye

    Joined:
    Mar 9, 2009
    Oddometer:
    1,127
    Don't be surprised if the buyer wants to see a copy of the title & a photo of the VIN before sending payment.
    #12
  13. Motornoggin

    Motornoggin Two-Bit Throttle Bum

    Joined:
    Feb 22, 2004
    Oddometer:
    21,242
    Location:
    Lightning Bugs, High Plains Chapter
    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.
    #13
  14. XtreemLEE

    XtreemLEE Member #476

    Joined:
    Nov 18, 2001
    Oddometer:
    3,221
    Location:
    258 Pots (Google Maps)
    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...
    #14
  15. davesupreme

    davesupreme grand poobah

    Joined:
    May 1, 2011
    Oddometer:
    1,806
    Location:
    palm harbor, fla
    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....
    #15
  16. billmags

    billmags Scoot Jockey

    Joined:
    May 14, 2012
    Oddometer:
    463
    Location:
    Bayside, NY
    PayPal is good for buying a $20 t-shirt. And that's all.

    Good luck- a serious buyer will have no problem doing a bank check or transfer.
    #16
  17. gearheadE30

    gearheadE30 Long timer

    Joined:
    Jan 20, 2012
    Oddometer:
    1,037
    Location:
    Indiana
    Thanks for all the advice. I'm definitely not going with Paypal - it turns out that their 'protection' doesn't cover vehicles. I sell a lot of stuff on eBay and via paypal, but there's just too much money involved in this one.

    the direct bank-to-bank transfer seems like a good way to go, as does the bank check. The buyer seems reasonably up and up, and though he's not on ADV, he's on the gsresources and has a decent enough presence there. Though a big part of me is considering calling him back and saying I'm not too interested in selling unless it's local or there is some way to pay directly in cash, which is normally my stipulation selling things like a bike or a car.
    #17
  18. MotorcycleWriter

    MotorcycleWriter Long timer

    Joined:
    Dec 1, 2012
    Oddometer:
    1,285
    Location:
    North Alabama - World's Rockiest Trails
    Buy It Now and payment with bank transfer. That's a tough one to defraud.
    #18
  19. Foot dragger

    Foot dragger singletracker

    Joined:
    Dec 27, 2006
    Oddometer:
    12,962
    Location:
    chico,just below rag dump(nor-cal)
    Dave,,,,,,,, where ever do you get this stuff from?

    Ebay is not all commercial sellers,paypal does great on backing up sellers and buyers. Ive had 1 issue in 5 years and had Paypal on the phone in minutes and we chatted for 1/2 hour and sorted it out.

    Ebay is what it is,but they have tons of rules and if it wasnt safe to deal on there there wouldnt be millions of people doing it everyday.
    Its not all bad believe me.
    #19
  20. Foot dragger

    Foot dragger singletracker

    Joined:
    Dec 27, 2006
    Oddometer:
    12,962
    Location:
    chico,just below rag dump(nor-cal)
    Id do that. Direct and secure. Buyer and seller have to trust each other a little at some point.
    Or sell local.
    #20