Receiving payment via Paypal - foreign country & currency

[rick57]

I just sold some speakers from the Trading Post here to a foreign country.
It’s my first time receiving Paypal funds: I want to be sure the transaction is complete before I send the goods. Beyond giving your Paypal address, does the receiver of funds have to do anything?

Paypal yesterday notified me of funds sent, and Paypal today says Status “Completed”. The funds are not here in my Visa yet, there could just be a processing delay . . but

My reason for asking: I once sent someone in a foreign country, a payment. Because he didn't accept the money - the transaction was cancelled, and the funds returned.

Although the Paypal FAQs refer to accepting foreign currency payments, they don't say 'where', and I can't see it anywhere.

If anyone has accepted foreign currency payments, how or where in Paypal did you did it?

Thanks

[poynton]

Originally posted by rick57
Beyond giving your Paypal address, does the receiver of funds have to do anything?

Paypal yesterday notified me of funds sent, and Paypal today says Status “Completed”. The funds are not here in my Visa yet, there could just be a processing delay . . but
...........................

Hi.

I have sent and received money many times via PayPal with no problems at all.

If Paypal says the money has been received and the transaction is completed, then your Paypal account should show a positive balance.

With my UK account, I have to initiate the transfer from Paypal to whichever account I want, usually my registered bank account.

I do not know about non-UK regulations but it is not possible to transfer funds into my registered Visa or other registered credit card account. This may be a UK regulation.

Did the funds come from a credit card account, bank account or other ?? Although it has never happened to me, I think it is possible for some transactions to be reversed. Check the Paypal website.

Again, I have never had a problem. Most Ebayers are honest. Scams are usually obvious. As a rule, I always check the buyers / sellers feedback rating, especially if under 50 and when selling high value items. I am always wary of buyers / sellers from Africa, Far East and former Soviet Block countries.


Andy

[peranders]

Rick, when you have sent a request and the status is "pending" this is that same as "not paid yet" even though the payment is in progress it can be canceled. "Completed" means that you _will_ have your money. For me it takes a couple of days the money transfer to my bank.

Foreign currency is no problem at all. Since Paypal now has SEK I only use SEK.

[rick57]

Thanks
(rather than ebay, I sold the gear from the Trading Post here).
My Paypal account does show a positive balance

Ah, but looks like here in Australia too, I need to initiate the transfer from Paypal, by Withdraw Funds - I thought that like the inverse of sending, it would be automatic back to the source . . Paypal wants our interest

But duffy Paypal doesn't seem to allow bank accounts in joint names (eg husband & wife), which mine are - hopefully the transfer works . . don't want to open a new bank ccount just to get the money out of Paypal

[elviukai]

Originally posted by poynton

I am always wary of buyers / sellers from Africa, Far East and former Soviet Block countries.


Andy

thats cool I am always wondering why buyers and seller in UK do not want to deal with me inspite I have 100% positive feedbacks.

the best to judge people not by where they living but how honest they are

one interesting fact I had over hunderd deals in ebay/audiogon, including east or soviet block countries, and only one time I was ripped of.that was in usa. as soon as he received my money I did not get any replies. luckily it was only 200usd payment not 10 000eur.

[poynton]

Originally posted by elviukai


thats cool I am always wondering why buyers and seller in UK do not want to deal with me inspite I have 100% positive feedbacks.

the best to judge people not by where they living but how honest they are

Ebay's own statistics show that is where most scams and frauds come from. About the only thing you cannot prove with statistics is how honest an individual is so, unfortunately for you, you get 'tarred with the same brush'.

I have traded with Asia and former Soviet Block countries but, as I said, I am very wary and always check feedback etc.. I always use Paypal and would never give out my bank details. Ebay has stopped the use of Western Union transfers because of scams.

GERMAN READERS PLEASE NOTE
I buy some items from Germany. However, German users seem very reluctant to use Paypal and prefer to use Bank Transfer. This is so expensive from the UK that it makes trading uneconomic. I am sure that German users would get a better response to listings if they used Paypal.


Andy

[Ciscokid]

you need to make sure the PayPal transaction is NOT funded with a credit card. If someone uses a stolen credit card to finance PayPal (happens all of the time), it will take several days for the fraud to be discovered. Usually this is discovered AFTER the seller has sent items. Credit card company will go back on PayPal and PayPal will go back on YOU. Both money and goods will be gone!

Hope this helps.

dg

[spencer]

How to know if the paypal account is funed by a credit card??

[rick57]

Yes, wouldn’t the funding of PayPal transactions be confidential between PayPal and the buyer?

[Dennis Hui]

I've recented received a number of payments through
paypal that is in Canadian dollars.

However, the base currency of my paypal account
is in USD, and so those payments were all 'pending'
until I told paypal to add a Canadian currency
balance to my account. (An alternative was
to convert the CAD payments to USD.)

If I hadn't done that, the payments would have
been cancelled after a period of time (30 days?)

Cheers,
Dennis