Has anyone used Paysafe Escrow services? I have a buyer wanting to use them for the money transfer of a ‘66 912 I am selling. Transaction is $35,000. Thanks.
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Has anyone used Paysafe Escrow services? I have a buyer wanting to use them for the money transfer of a ‘66 912 I am selling. Transaction is $35,000. Thanks.
a quick google search reveals little positive or negative, a few incidences of scams using a same-name type scam where they use an email similar to the real company, like escrow@Paysafe-promiseimnotascammer.com
were it me, I'd suggest using either a different service, or using a local law office as intermediary, or verification from someone local that the car exists. if your buyer balks, you didn't really have a buyer
Why would any seller ever allow the use of an escrow service? I mean, you hold all of the cards and only you stand any chance of getting hurt by the use of escrow. Just move along to another buyer.
I'd wager that 99% of all long distance auto sales do NOT involve an escrow service. A buyer making this request is showing his ignorance and a seller accepting the request is only asking for trouble.
Buyer is having WeGoLook verify the car is in the condition as the images I've sent him. I am not wanting a headache on my part but am willing to work with the buyer if he is more comfortable using a different method than wiring me money directly. Pay Safe Escrow did not generate a great list of hits to confirm their operation.
John, find a different buyer. Most legit buyers will arrange for a PPI or trust someone to check it out in person, if they are operating long distance. Speaking from experience, thats what i did. No reason to use some 3rd party like escrow service.
@karlusmagnus
Karl,
I want to agree with you, but not everybody has your experience with used cars. It is quite possible the buyer is just getting into the hobby -- let him check out the car however he wants. Yeah, a lot of us have bought the car just based on the seller's description, so at least he is taking some precaution using WeGoLook. Assuming he's a noob, the original poster can try to work with him and make the sale. Using them (and using a third party to hold the money) can work and shouldn't be a reason to throw out what may be a perfectly good deal.
Jim
We Go Look was interesting. Their site must have a list of options for the initiator to check off as things specifically to look for. It clearly wasn't geared towards a vintage automobile. But never-the-less, they also took a video along with maybe 25 photos. I can see where it would a way for someone to confirm the condition of a car of which they have already seen about a 100 photos. We shall see how this turns out. I am not interested in starting a new thread titled "Why did I not listen and and how do I get my car back?"
Good luck either way John, hope it all works out. Bummed to see your '66 go.
Peter,
My '66 is staying with me. This is another '66 that some unforeseen circumstances have me needing to rehome it.
Oh thank god!
Used them for an International car sale back to the USA from Australia
Buyer knew me as a board user and I knew him the same way but we did not know one another.
I was hesitant, sought advice like you and can report it all went perfectly they even followed up after it was all completed to ensure I was happy.
Hell I was happy all my money arrived as promised.
This all went as planned. I was confident my buyer wasn't going to create a problem and the money was quickly released by PaySafe they had confirmation all the release conditions had been met. Unfortunately the car did not arrive at the buyer's location in the same condition it left so he is now dealing with that headache!