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Old 09-23-2010, 12:55 PM   #9
DiapDealer
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Posts: 28,620
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Join Date: Jan 2010
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Quote:
Well if a seller collects 6k from selling his products and then withdraws the funds quickly PyaPal is not gonna help you.
Actually, it will. If the seller hasn't built-up a solid reputation yet, they can't withdraw funds quickly. PayPal holds payments (unavailable for withdrawal) for a certain amount of time -- specifically in case the buyer lodges a complaint (protects the seller and the buyer). The length of time can be shortened if the buyer acknowledges receipt and gives positive feedback... so there really are pretty good safeguards.

Still doesn't guarantee anything, but it does prevent a fly-by-night seller from making a quick, high-dollar one-time sale and running off with the money.
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