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Thread: using paypal family and friends?

  1. #1
    Join Date
    Dec 2016
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    259

    Default using paypal family and friends?

    I haven't bought or sold any ukuleles so far, but I can foresee in the future that it will probably happen. My question is in regarding payment for the ukes. I see people pricing their ukes and asking for payment with paypal friends and family. Is that a standard practice? It seems that the buyer takes a big risk if the ukulele does not live up to its description or if it is not even sent. Is paypal the way most transactions are handled or are there other methods?
    Thanks in advance for your answers.

  2. #2
    Join Date
    Jul 2014
    Location
    MARTIN-sville Indiana
    Posts
    550

    Default

    I have bought and sold several ukes on this site and have used PayPal exclusively for payment. Some of them I have used the Friends & Family option and some I have not. Much of it depended on the individual with whom I was conducting the transaction. There are several people I have interacted with outside the forum via email, ukulele events, Facebook, etc. whom I trust, so I sent them money via Friends & Family to save them $ on fees. But I am completely aware that the fees THEY are saving is costing ME security, so I need to be completely comfortable with them in order to do this. I have that same respect when I sell a uke. If the individual does not know me or does not want to give up the security that comes with a traditional PayPal transaction I am not going to force them to do so. It's 3%, so it hasn't been a big deal on the ukes I have sold.

    Other payment options I have seen are the traditional check or money order, but IMHO, PayPal is MUCH easier.
    Main players:

    Soprano: WC Ukuleles

    Concert: Collings UC2 | Collings UC2K | Talsma Style 3 | Ono Pineapple

    Tenor: Collings UT2 | Collings UT3SMB

    Baritone: LoPrinzi


    Others to be re-homed: Kepasa Madera koa| Kiwaya KS-1 | 16" Koa Ono | Blackbird Farallon

  3. #3
    Join Date
    Aug 2009
    Location
    McDonough, GA
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    4,562

    Default

    Quote Originally Posted by WCBarnes View Post
    I have bought and sold several ukes on this site and have used PayPal exclusively for payment. Some of them I have used the Friends & Family option and some I have not. Much of it depended on the individual with whom I was conducting the transaction. There are several people I have interacted with outside the forum via email, ukulele events, Facebook, etc. whom I trust, so I sent them money via Friends & Family to save them $ on fees. But I am completely aware that the fees THEY are saving is costing ME security, so I need to be completely comfortable with them in order to do this. I have that same respect when I sell a uke. If the individual does not know me or does not want to give up the security that comes with a traditional PayPal transaction I am not going to force them to do so. It's 3%, so it hasn't been a big deal on the ukes I have sold.

    Other payment options I have seen are the traditional check or money order, but IMHO, PayPal is MUCH easier.
    Great description. The 3% fee is cheap insurance on the sell/buy.
    -Hodge
    Humble strummer of fine ukes.

  4. #4
    Join Date
    Dec 2016
    Posts
    259

    Default

    Thank you WCBarnes and Doc_J for your insight.

  5. #5
    Join Date
    Nov 2015
    Location
    Upper Hale, Surrey/Hants border, UK.
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    6,574

    Default

    The whole point to using PayPal is the security that it provides, so if you don't personally know the seller, you are definately taking a gamble.
    I don't buy Family & Friends from any stranger.
    Trying to do justice to various musical instruments.

  6. #6
    Join Date
    Mar 2014
    Location
    Pickering, ON, Canada
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    6,058

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    Quote Originally Posted by Doc_J View Post
    Great description. The 3% fee is cheap insurance on the sell/buy.
    I agree with this VERY strongly. I have bought and sold many ukes and I never do family and friends. The 3% is peanuts for the peace of mind you get. Paypal even covers the item if it was lost in transit. I alway send it registered which requires a signature at time of delivery. Both parties are fully protected.
    Currently enjoying these ukuleles : *LdfM tenor, *LfdM 19" super tenor. *LfdM baritone, *I'iwi tenor , *Koolau tenor, *Webber tenor, *Kimo tenor, *Kimo super concert, *Mya Moe baritone, *Kamaka baritone, *Gianinni baritone, *Fred Shields walnut pineapple super soprano, *Kala super soprano, *Loprinzi super soprano, *Black bear ULO concert , *Enya X1 concert, *Enya X1 pineapple soprano, *Enya Nova *Gretsch tenor, *Korala plastic concert

  7. #7
    Join Date
    Apr 2015
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    Toronto , Canada
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    Quote Originally Posted by DownUpDave View Post
    I agree with this VERY strongly. I have bought and sold many ukes and I never do family and friends. The 3% is peanuts for the peace of mind you get. Paypal even covers the item if it was lost in transit. I alway send it registered which requires a signature at time of delivery. Both parties are fully protected.
    Dave
    PayPal charge a stiff currency exchange rate plus service fee if you are not buying in the same country as the seller.

  8. #8
    Join Date
    May 2010
    Posts
    428

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    I have used PayPal several times, without problems even when I had to apply for a refund; on the other hand, I once had money lost when paying through a bank transfer and never receiving the goods.

    I try to avoid PayPal these days, though. Part of it has to do with who the company supported financially during the last presidential election, part of it with the 3% fee (usually for the seller) and part of it with the profit they make on currency conversion.

    It's not the only system for transferring sums online with a warranty - I just used www.transferwise.com which worked like a breeze and charges less.

  9. #9
    Join Date
    Mar 2014
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    Pickering, ON, Canada
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    Quote Originally Posted by SoloRule View Post
    Dave
    PayPal charge a stiff currency exchange rate plus service fee if you are not buying in the same country as the seller.
    Ok so how are you going to sell something to somebody you don't know and make sure you and them are protected. Doing business costs money, which selling privately still is.

    I know you only think of buying because you don't sell but the OP asked about both senarios.
    Currently enjoying these ukuleles : *LdfM tenor, *LfdM 19" super tenor. *LfdM baritone, *I'iwi tenor , *Koolau tenor, *Webber tenor, *Kimo tenor, *Kimo super concert, *Mya Moe baritone, *Kamaka baritone, *Gianinni baritone, *Fred Shields walnut pineapple super soprano, *Kala super soprano, *Loprinzi super soprano, *Black bear ULO concert , *Enya X1 concert, *Enya X1 pineapple soprano, *Enya Nova *Gretsch tenor, *Korala plastic concert

  10. #10
    Join Date
    May 2014
    Location
    Sumter County, FL
    Posts
    1,556

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    The cost of PayPal fees is, at best, noise-level stuff. Most ukes sold here are in the US$100-500 range. That makes the fees in the US$3-15 range proportionately. For the convenience of PayPal alone it's a minor cost. I can't see trying to beat PayPal out of making a couple bucks for the service it provides.
    ...SteveZ

    Ukuleles: Oscar Schmidt OU28T (T8), Lanikai LU-6 (T6), RISA Solid (C), Effin UkeStart (C)
    Banjo-Ukes: Duke 10 (T)*, Lanikai LB6-S (S)*
    Tenor Guitars: Martin TEN515, Blueridge BR-40T
    Tenor Banjo: Deering Goodtime 17-Fret
    Mandolin: Burgess (#7)***

    * CGDA reentrant, ***GDAE, The rest are CGDA

    The inventory is always in some flux, but that's part of the fun.

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