| Pay Pal is a service that holds next to *no liability* | | | | your credit card company - they are the only |
| for the transactions that happen through it. Sales | | | | company with your best interests in mind since it |
| involving "Intangible" items, i.e. a domain name are | | | | is their money you are talking about! |
| bought and sold at the risk of both parties. The | | | | For sellers paying with Pay Pal. Beware |
| number of scams - particularly with domain | | | | charge-back schemes. Just as using a credit card |
| names that happen through Pay Pal is incredible. | | | | is a protection for domain buyers it can also be |
| Pay Pal is most likely the single-largest source of | | | | used as a tool for domain thieves to steal your |
| fraudulent domain transactions. | | | | domain. If you follow one simple rule then you are |
| There is some good news, you can take a few | | | | guaranteed success. Transfer the money you |
| simple steps to vastly improve your chances of | | | | receive to your bank account and wait for it to |
| not getting scammed in a Pay Pal transaction. I'll | | | | make it into the account. Once the money hits |
| make my disclaimer here: I always suggest | | | | your account a charge-back will be impossible |
| domains be bought and sold using an escrow | | | | since the money is no longer in your Pay Pal |
| service like Escrow.com, however, should you | | | | account. |
| decide to use Pay Pal this advice will prevent | | | | You should contact Pay Pal and let them know |
| scams about 90% of the time. | | | | that you have been part of what you believe to |
| For buyers paying with Pay Pal. Always pay with | | | | be a charge-back scheme. Pay Pal can then work |
| a credit card - never pay with cash or with | | | | with the credit card company to refute the claim. |
| money from your bank account. Remember, | | | | Either way, the money is in your bank account - |
| should you pay and never receive the domain, | | | | so you have been paid, as expected for the |
| Pay Pal will have little they can do. If you pay with | | | | domain. |
| your bank account or cash Pay Pal is the only | | | | By following these simple tips you can begin a |
| authority you are dealing with. Once you involve | | | | practice of safely buying your domains through |
| your credit card company - you are dealing with | | | | Pay Pal. I always suggest that you use an Escrow |
| someone else's money. Think of this as bringing in | | | | service for higher-value domains however for |
| the big guns. Credit card companies don't like | | | | smaller sales Pay Pal can help to make an efficient |
| losing money and they will fight to get their | | | | transaction. Just remember to be very careful |
| money back from scammers and online thieves. | | | | whenever doing business online. If something |
| If you don't receive your domain and have | | | | seems fishy...it probably is. By taking precautions |
| already paid, always try to get a refund from the | | | | you can prevent yourself from being the victim |
| seller first. If this does not work then contact | | | | of a scam. |