Selling a Diamond ring on craigslist, buyer wants to pay via paypal

[j_waniski08]

I have posted my diamond ring on craigslist for sale and I have someone who claims he is very serious about buying the ring for "someone special" and wants to pay via paypal....but I'm a little skeptical for I've always accepted cash for everything I've sold on craigslist. He even offered an extra $50 for me to insure and send it priority...but is it a scam? He stated he would wait till I received the money before I had to send it to him.  Could he pay for it and then end up taking the money back after I ship the ring? How long will it take for the money to clear and I know the funds are actually there? I just don't want to get screwed over and end up with no money and no ring, cause I desperately need the money for school and bills....HELP!!!!!!

[kernowlass]

I would be VERY wary....read this scam and if any of it applies don't proceed >>>>

THIS IS A TYPICAL SCAM.

You will get/got a "fake" email that looks as though it is from paypal.....it isn't.

It will say the buyer has paid ...you won't have been paid.

They will tell you that the payment is released when you provide paypal with a tracking/shipping number......this won't happen.

They threaten legal action...have a laugh at that one and ignore it as its rubbish.

Most scams originate from Nigeria and people there cannot even own a paypal account.

Paypal NEVER tell you to send trackable, they advise it for seller protection etc but it is not compulsory.

Paypal NEVER tell you to send an item before the payment is showing in your paypal account.

Delete any emails and ignore the scammers.