To qualify, the purchase must be completed on eBay. If a seller asks you to "take the deal off-site" to save on fees, you lose all protection. 3. Using PayPal Credit
Buying a car on eBay is an adrenaline rush, but when it comes to the actual "checkout" button, things get a little more nuanced than buying a pair of sneakers. If you’re looking to use PayPal for the transaction, here is the reality of how it works and how to stay protected. 1. The "Deposit" vs. The "Full Balance" using paypal to buy a car on ebay
If the car never arrives, has a lien on the title that wasn't disclosed, or the make/model is different than advertised, you may be covered for up to $100,000. To qualify, the purchase must be completed on eBay
Sellers rarely accept PayPal for the full remaining balance (e.g., $15,000) because the processing fees are high and the risk of "chargeback" fraud is significant for them. Typically, you’ll pay the rest via wire transfer, cashier's check, or cash upon pickup. 2. Vehicle Purchase Protection (VPP) Using PayPal Credit Buying a car on eBay