Is it better than I open up a business bank account when starting online business? -

I m selling products on Ebay and dropships to the buyers. Someone bought the products for $269.99 and it cames to my PayPal account. But I can transfer it to my individual banking account once it clears, stating I have to either ship the item to him first, have a positive feedback, or wait after 21 days. If I open up a business bank account number and change that, would I then be able to transfer it before I ships the product and don t have to worry about paypal holding the money anymore?

Paypal is used as a fair system between the buyer and the seller, the seller must deposit the funds before you send the items. Once they have received the item they can then give positive feedback or wait 21 days until the time to give feedback runs out, once this is done you can get your funds from Paypal. It covers both parties. The only way to get your money faster is too ask the buyer that if they are happy could they be quick in responding with their feedback. Also if you open a bank account and request that they pay directly to your business account, you will lose a significant amount of customers because they will not want to take the risk with a fairly large amount. They are not covered by Paypal s insurance. By all means deposit the Paypal funds into a business account once completed, but my opinion as a consumer is that if you request to take away the fairest system between seller and buyer and go direct you will scare away potential business.

What should I do? Craigslist scam? -

Yesterday I purchased a 16GB iPhone 3G (White) for $200 from a man. We decided to send $100 then recieve the item purchased, then send the rest of the money. I personally talked to this man about the information of western union and then he said wait one sec and I have not heard from him or seen the item purchased since. I have his phone number and have asked nicely to talk to him but no response yet.

I believe craigslist has a number for those kinds of things to help you out. Word of advise because i almost got caught up in one of those scams. Never use western union, or moneygram or any transfer services on craigslist. The other person is usually a scammer. You should deal with only people in your city. But call and tell him you wil be sueing him and see if you can contact craigslist. I think i saw a number there before for these situations.

Craigslist is almost always a scam!Western Union, as the others have said, is always a way to easily scam people. Let this be a lesson...learn from it:- Never give away money (whole or part) without the item of desire in your hands- Only buy from people in your areaCraigslist might be able to help you, but if you have the scammer s phone number, I would give it to the police. They can track him down from his number hopefully, and have him either return the money or give you the iPhone.Phone this man one last time, but DON T tell him you ll be phoning the police, otherwise he could disconnect his phone line or something.However, you are very lucky that you didn t buy something for 1000 dollars or more. 100 dollars is a lot of money to lose, but did you hear the story about the woman living in Vancouver who got scammed big-time? She almost lost 3,700 dollars! She offered a suite for rent during the Vancouver 2010 Olympics, and somebody sent her a cheque for more then the amount of money she asked for, and told her that she could cash the cheque, but she needed to sent a cheque to give back the extra money he d accidentaly sent. Turns out the cheque he sent was a fraud, and she d sent a genuine check...totally scammed, man!!!

live and learn from this. You never, ever, ever, ever give anyone money on craigs list without something in your possesion. even though 100 bucks is a lot of money be thankful it is only 100 bucks. you may want to call the cops and see if there is anything that they can do for you.

If you sent the money via Western Union, it is gone. Cheap lesson. Western Union equals theft.