Hi guys! forgive me if I have posted on the wrong section, but I guess my question is closer to money making. And forgive me also if their has already been an existing topic for this. But this has been lingering on my mind for some time now.
I am considering selling some websites (Maybe in flippa, here, etc.). But, I have read several articles, forums, comments, that buyers can scam you especially if you use Paypal.
A buyer buys your site, and after you transfer domain and deliver files, buyer eventually files a dispute on Paypal (stating that he/she did not receive them, etc). Paypal opens a case but most often than not, Paypal will favor buyer and issue refund. Hence, you lose your site and lost that "would be" revenue.
My questions:
- Has anyone experience this?
- I know that you would suggest Escrow. But what if you're selling a site only for smaller amounts like $50, $100, $200, etc. (The huge $25 Escrow fee would just seem very impractical for low value sites).
- For example, when the buyer has already paid. Can you instantly withdraw the money from your account so that when a buyer tries to scam you by filing a dispute in Paypal, there's no longer a balance in your account to make that refund? Will Paypal go deeper and retrieve that amount from your credit card, account, etc?
- The ultimate question would be how to prevent this scenario when you're dealing or selling your sites especially if you're using Paypal.
Thank you in advance for the thoughts and contributions!