Ridge Runner 1,113 Report post Posted August 20, 2018 My sister is selling some of my parts ,she has paypal but never used it . My question is ,can the buyer cancle payment after the part has been shipped ? She has to wait 7 -10 days to collect payment . Should she wait to send the part untill payment is collected? Quote Share this post Link to post Share on other sites
barnett468 418 Report post Posted August 20, 2018 Unless something has changed recently, yes a buyer can cancel for up to maybe 6 months if they use a credit card. They can not cancel if they use the funds that are in their Paypal account or if they use a debit card. Don't ship until payment is made and only after verifying that it was not made by a credit card. This can be done by looking at the amount received. Paypal charges the seller around 3.5% if a buyer pays by credit card. This will show up in the payment fees etc. If she is selling thru Ebay and is a new seller, Paypal will hold the funds for 21 days before releasing them to her. This is because they put the money in a short term interest bearing account so they can make money on it. Many of the big classic car auction companies do the same thing. It's a bit of a racket. She does not have to wait for funds to be released if the buyer pays by "Friends And Family" and the funds will be available to her around 5 seconds after the buyer hits the "Send" button on Paypal, irregardless of what method the buyer uses to pay. 1 Ridge Runner reacted to this Quote Share this post Link to post Share on other sites
