Protecting Payments

hardyp
hardyp Posts: 86
edited November 2009 in MTB buying advice
Is there any mechanisms for paying a payment into a kind of holding account of an independent 3rd party so that once bike turns up it can be released to the seller?

Comments

  • Mr Wu
    Mr Wu Posts: 1,238
    Paypal?
    My Girlfriend...

    weight.png
  • JimboM
    JimboM Posts: 380
    That type of transaction is called 'escrow' don't know if there is any small consumer type products though

    Stick it into Google and see if anything helpful comes up
    Cannondale Synapse 105
    Giant FCR3
    GT Avalanche 3.0
    Canyon Nerve AM 6.0
  • 182_blue
    182_blue Posts: 194
    is this a private sale ?, or a company ?
    Lapierre Spicy 916
  • bomberesque
    bomberesque Posts: 1,701
    we have escrow accounts here for deposits on rental apartments so the mechanism exists at a retail level.

    a savings account would be a way of achieving the same thing (just about) depending on the arrangement.
    Everything in moderation ... except beer
    Beer in moderation ... is a waste of beer

    If riding an XC race bike is like touching the trail,
    then riding a rigid singlespeed is like licking it
    ... or being punched by it, depending on the day
  • hardyp
    hardyp Posts: 86
    182_blue wrote:
    is this a private sale ?, or a company ?

    Private Sale. If it was a company I would just pay on my credit card.
  • hardyp
    hardyp Posts: 86
    Mr Wu wrote:
    Paypal?

    That would be the ideal but they dont seem to have an escrow type service :cry:
  • hardyp
    hardyp Posts: 86
    Anybody used pppay.com before. Seem to be similar to paypal but charge 99p for an escrow service. Seems to be genuine but there is the odd bad review but good reviews as well :?

Categories