Paypal / eCheck question

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Posted By: Rob Dewolf

I'm working with a seller on eBay on a Buy It Now, and he requests that I pay using an eCheck via PayPal. I've paid using a bank draft on PayPal before, and it appears this is pretty much the same thing except there's a 4- to 5-day delay until the money clears (whereas a bank draft is quicker). The seller requests an eCheck because his fee will be less (a flat $5), which I understand. Has anyone here used eCheck on PayPal who can give any input as to why it would be a bad idea?

Thanks, Rob

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Posted By: Matt

I've received it as a seller before and can't think of why it would be a bad idea for the buyer. It is sometimes used to scam a seller into shipping the item before the payment has cleared, but you are the buyer in this case.

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Posted By: sagard

You don't have your credit card protection. If you trust your seller there is not reason not to use the e-check.

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Posted By: Sean BH

I don't think there is any security difference between an eCheck or a bank draft; besides the fees on his end and the amount of time needed to clear. I know if you pay with a credit card with PayPal you at least can do a charge back if anything happens.

I wouldn't be too worried about it, unless he has low/bad feedback.

sdbh

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Posted By: Mark Steinberg

As long as you trust the seller, it's fine. I have used these e-checks numerous times, without any issues. My sellers' motives were the same as yours... less of a cut for PayPal.