E-cheque

[Kardinal1]

I have just received an e cheque and I’ve been advised not to transfer my item to this buyer until I physically see the money in my account. The buyers argument is the money has left his acc. Can the cheque decline meaning I loose ?

[sharpiemarker]

@Kardinal1 

The money leaving the buyer's account is neither here nor there. The funds has to be showing in your account first. Don't ship until you receive an email that payment has been cleared and you log on to your PayPal account and you see it there with your own two eyes 👀.

[kernowlass · Accepted solution]

@Kardinal1 

NEVER send an item until an echeque has been cleared, there should be a clearance date on your paypal account BUT its only an estimate and can be a bit later than that.

The buyer couldn't have had a back up card linked to their paypal account OR it had expired OR there is a reason paypal refused to credit their payment in advance to you so the buyer and you have to wait.

The fact its left his bank account DOES NOT mean that you have received it. Paypal uses the slowest transfer option so as its an echeque it can take 5-7 days to go via automated clearing in batches before being credited to you.

[Kardinal1]

Thanks for this advise. He has asked me to send his money back if he can’t get his item. He’s sent me a request to retune this money. Does this work ?

[kernowlass]

@Kardinal1 

NO DO NOT DO THAT, if you do then he would have your sent payment and could then cancel the echeque and have 2 refunds.

Click on the transaction in your paypal account and the refund option should be at the bottom of that details page.

Once refunded he would still have to wait for the original payment to clear through and then as its refunded back to his bank account.

[Kardinal1]

Thanks a lot , this is really helpful. He sounded really genuine but I can confirm he wanted to rob me. I have not taken any action and he has stopped messaging me, meaning he has realised he won’t be successful with me