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How trust worthy is paypal?

by Suzucheng
14 replies
I am currently looking into buying a site and the owner has shown me a video walkthrough of his paypal account and everything seems legit. My problem is that the traffic is kinda off, doesn't seem right to me. A lot of the traffic comes from the service provider amazon technologies. How reliable are paypal revenues? Is there an easy way where he could have just made payments to himself for example? The data goes back for more than a year.
#paypal #trust #worthy
  • Profile picture of the author rhinocl
    Anything can be faked. If you feel there is something off then I wouldn't spend whatever is a large amount of money until you understand exactly why the site recieves a lot of traffic from that source. Perhaps you can make a small dposit to get temporary access to his control panel and look trough all the site logs including the raw data.
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    • Profile picture of the author Suzucheng
      Thank you for the fast reply. The conversion rate is actually very low, 0.6 percent. I am looking for ways to verify. Can multiple sites goes into the same paypal business account?
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      • Profile picture of the author Insano
        trust your instincts, they are rarely wrong. If something smells fishy in most cases it is fish.

        He doesnt have to pay himself, but he can give the money to friends / relatives to buy stuff from him and boosting his revenue stats this way massively.
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        • Profile picture of the author Suzucheng
          I thought about that too but that means he has payed for almost 20k in fees.
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          • Profile picture of the author Clintin
            Originally Posted by Suzucheng View Post

            I thought about that too but that means he has payed for almost 20k in fees.
            Anything can be faked it's your job as the buyer to do everything possible to not get scammed. The seller is showing you video proof but he is able to purchase his own product, but then again if you always think like that then you will never buy a website from anyone.

            Ask the seller if you can add you're own tracking (Google Analytics or etc.) to the site to see if the site is really receiving real visitors. Not all sellers will do this because you're able to see their traffic sources and keyword ranking but you're still able to ask.
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  • Profile picture of the author 4vtecn
    It's trustworthy but the fee's and the difference in the exchange rate add up.
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  • Profile picture of the author doshort
    Is there any process to transfer funds without adding credit card in to my paypal a/c. If you know please tell me the process.
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  • Profile picture of the author Raymond T
    Originally Posted by Suzucheng View Post

    I am currently looking into buying a site and the owner has shown me a video walkthrough of his paypal account and everything seems legit. My problem is that the traffic is kinda off, doesn't seem right to me. A lot of the traffic comes from the service provider amazon technologies. How reliable are paypal revenues? Is there an easy way where he could have just made payments to himself for example? The data goes back for more than a year.
    See if you can get him to do a join.me session with you. This way, the walkthrough will be in real-time and reduce his ability to doctor anything. Ask him to perform specific actions, login to any pertinent accounts, etc. If he disagrees to this, you have your answer right there. If he agrees, don't be shy - be thorough. Best of luck!
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    • Profile picture of the author jonlomb
      PayPal is fine when you are starting out. The fees are sort of high, but at the beginning PayPal is easy to use, easy to set up and reliable.

      One caution, if you have a hot product or service that will generate a whole bunch of sales during a product launch, you better inform PayPal what is gong on, so they don't freak out, and freeze your account when money rolls into the account all of a sudden.

      PayPal is trusted by buyers, and so it increases your customers confidence when they buy.

      If you are making thousands of dollars per month, you probably need to look for a different payment processor that has more reasonable fees on volume accounts.

      Good Luck in all your endeavors.
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  • Profile picture of the author aire
    I disagree with few people here. If your shop / launch brings in heavy payments and you have signed up as a BUSINESS account and verified all your information. You should be fine.

    Our PayPal receives large sum of amount each monthand we even have dedicated manager They call once a week to check in... no more calling toll free number...
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  • Profile picture of the author WritingKings
    Yes paypal is pretty legit. I would highly recommend them. I have never had any issues.

    Thanks!
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  • Profile picture of the author Jamel Hassell
    Pay pal will hold the payment in his pay pal account until you confirm that the item is received or they release the funds to the owner of the website with-in a month depending on how his relation-ship is with pay pal. If you are not sure do some research of the person your are buying the website from.
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  • Profile picture of the author PBScott
    I would hire a lawyer if a decent sum of money is involved, so that there are repercussions for any fraud involved. Any digital "proof" can be faked.

    PayPal itself is about as legit as it gets, not only are they the largest processor on the net, but they are also a huge international bank these days.
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    • Profile picture of the author steffanmax
      Originally Posted by PBScott View Post

      I would hire a lawyer if a decent sum of money is involved, so that there are repercussions for any fraud involved. Any digital "proof" can be faked.

      PayPal itself is about as legit as it gets, not only are they the largest processor on the net, but they are also a huge international bank these days.
      ^ I agree and I will add.

      As a computer programmer for 15 years, i would say it is easier to fake it than make it..

      In other words, the fake proof, does many times look more real, than the real deal.

      So yeah if you bought the Website because of the cashflow, i would be 99% sure, you can only become 100% sure when the money are in your bank.. (That's just how i roll)
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