7/20/20 Monday - I leave at 7:30 am to make the 2hr 5min drive and be there for 10am.
I arrive at 9:52.
He calls at 9:54, traffic, be there 10-15 minutes late, arrives at 10:15.
Checks over shifter, rods, trans.
Sends me paypal payment.
I receive an email from paypal stating an eCheck payment in progress.
Should be Money is Waiting for You, wtf.
So, I have to research because I have never heard of it and neither has he.
I discover, according to paypal, there are two scenarios for a paypal eCheck:
1) Payment sent as refund - did you send it as a refund?
No.
2) Paypal account has no credit card attached to the account - do you have a credit card attached to your paypal account?
No.
That's great, it takes 3-5 business days for it to clear, basically it is the same as a check, it is a check.
Paypal will not send the money instantly, no matter how much you have in your account, because they have nothing to hit if your account has insufficient funds.
I stated many times, paypal instant transfer or cash, it has to be immediate before I hand over the trans, due to the baloney to date. I didn't even think for a minute that you could get a paypal account without a credit card, and I certainly didn't think a business, an incorporated business, and it is, I checked, would have a lame paypal account that couldn't send money instantly to customers, suppliers, anyone.
Luckily, I covered all the scenarios I could think of for this exchange and what I should do. If he showed up with a check, or a business check, or anything else. Cashier's check or a check drawn from the business were the only acceptable scenarios.
Cashier's because the funds are immediately deducted from their account by their bank, their bank holds the funds in escrow, and the funds behind the cashier's check are directly from the bank.
Business check, although not as iron clad, demonstrates a debt acknowledged and owed by the business.
So, I had to make a decision that I thought I did everything possible to avoid. I had a witness with me, snapped a few pics, and handed over the transmission and shifter.
Not ideal, however, I believe the reality is there was not going to be any other alternative, and probably no other opportunity.
Based on all the time he spent on this already, I would have to drive the entire way next time, I do not foresee a credit card being added to the paypal account, and I can certainly see everyone pushing that they did everything and I declined, therefore I'm sol.
An additional 3-5 business days before this is 100% done.