Hello,

Lately, we have been using Paypal because buyers are demanding it regularly. At times, it seems like a selling point even - which is weird considering the buyer wants the domain - you would think they do not mind paying with another method.

For large sales, we use our own merchant account with documents for the sale prior to transfer; or, a wire or escrow.com.

The bread and butter for us though lately are sale of names between $250 - $1000. We have run into an issue where a name was paid for with Paypal and 3 days later, we were notified thaty the account that was used to pay for the name was stolen/hacked/phished . The buyer has an itrader feedback rating that was a 3. Losing names due to hacked paypal accounts or due to chargebacks months late is very costly and frustrating. The principle of a scammer walking with a fine name for free is also annoying.

If a buyer has no itrader or low itrader feedback/reputation, then we notify them to use escrow.com, wire transfer, or approve a security delay in transferring the name(s). We point the name to them so they get use of it, but we will not transfer the name until after a holding time that varies from 15 days to 60 days.

Paypal mass pay can supposedly not be charged back and carries lower fees for the merchant as well.

Reputation is the key factor.

Is there any way to eliminate the risk without losing a sale? Any new escrow providers that accept paypal and can insure against fraud?

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HuntingMoon
PDDW by IPalert

Thanks for the information buddy

Can you explain a detail procedure on how to make a mass pay in paypal.

Thanks

from paypal.com today:

How do I get started with Mass Payment?
Start making payments by following these simple steps.

Step 1: Collect payee information
Conventional check runs require three basic pieces of information: the name of the payee, the payee’s street address, and the payment amount.

However, with PayPal’s Mass Payment, you need only the recipient’s email address and the payment amount.

Step 2: Create the file of payees
Create a tab-delimited text file. List the recipients' email addresses in the first column and the payment amounts in the second column. In the third column, enter the three-letter code for the currency in which the payments will be sent:

* EUR for Euro
* USD for U.S. Dollar
* GBP for Pound Sterling
* CAD for Canadian Dollar
* JPY for Yen
* AUD for Australian Dollar
* NZD for New Zealand Dollar
* CHF for Swiss Franc
* HKD for Hong Kong Dollar
* SGD for Singapore Dollar
* SEK for Swedish Krona
* DKK for Danish Krone
* PLN for Polish Zloty
* NOK for Norwegian Krone
* HUF for Hungarian Forint
* CZK for Czech Koruna
* MXN for Mexican Peso
* ILS for Israeli New Shekel

Note: Payments in different currencies must have separate Mass Payment files.

Optional: Create a fourth column to list recipient IDs for tracking and reconciliation purposes. A fifth column allows you to send a customized note to each recipient.

View a sample Mass Payment file

Step 3: Sign up for a Premier or Business account
Create a Premier or Business account with PayPal, or upgrade your existing Personal account.

Note: You must confirm your email address and checking account before using Mass Payment.

Step 4: Fund your account
Fund your account by transferring money from your bank to your PayPal account. Credit cards cannot be used for Mass Payments. Your PayPal account must have sufficient funds to cover the Mass Payment and fees.

Step 5: Make the payments
To make a payment, click Mass Pay at the bottom of any PayPal webpage. Next, click Make a Mass Payment on the Overview page. Locate and upload your Mass Payment file when prompted and customize the email your recipients will receive. Click Continue and then Send Money to instantly process the Mass Payment.
How do payment recipients get their money?
Payment recipients claim their money by clicking a link in their payment notification email. If they do not have a PayPal account, they can sign up for a free account to receive their money.
More Information

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HuntingMoon
PDDW by IPalert

Hi
I am social market services. MY product are sales in online customers.Please contact my full details about my website url given below

My Website: Social Market Services


E-mail : usa_info@socialmarketservices.com

Instant Messengers

Aim (Aol) : brownsofts
Skype : brownsofts
ICQ : 436684811
Gtalk : binilmuthu
Yahoo : binilmuthu
Hotmail : binilmuthu

Thank you