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"Sell" me your paypal discount

post #1 of 17
Thread Starter 
I'm sure I read somewhere on this forum that one of our community is able to pay for items with paypal and not pay any paypal fees.

I am going to buy a Rolex or a Panerai in the next couple of weeks, and will probably pay using paypal.

Can anyone help me out and save on fees? Happy to pay a small premium.
post #2 of 17
You don't want to send a gift payment or lose ANY protections when buying a Rolex or Pam online... Also use your credit card to fund the purchase so you have added protection. Also I would REALLY recommend only buying from within your country. I've seen far too many people get scammed, I got scammed on a watch once, luckily it was only several hundred dollars.
post #3 of 17
Are you talking about personal payment? Or are you talking about something else?
post #4 of 17
Quote:
Originally Posted by Zackb911 View Post
You don't want to send a gift payment or lose ANY protections when buying a Rolex or Pam online... Also use your credit card to fund the purchase so you have added protection. Also I would REALLY recommend only buying from within your country. I've seen far too many people get scammed, I got scammed on a watch once, luckily it was only several hundred dollars.

+1
post #5 of 17
To me someone buying a Rolex wouldn't be the kind of person to worry about PayPal fees! Haha Good luck with the purchase!
post #6 of 17
Quote:
Originally Posted by Cognacad View Post
To me someone buying a Rolex wouldn't be the kind of person to worry about PayPal fees! Haha

Good luck with the purchase!

+1 on this
post #7 of 17
Quote:
Originally Posted by Cognacad View Post
To me someone buying a Rolex wouldn't be the kind of person to worry about PayPal fees!!
Clearly, you haven't spent too much time around rich people But seriously, I bought one from Rolexforums and you're goddamn right I would have saved 4% of the purchase price of my Sub ND. I met up and bought so I didn't have to worry about it. I agree with Zack, who said that risk management is everything in this type of deal, but the fact is that if you buy from one of the very well established sellers at i.e. Rolexforums, who are mainly dealer-associated resellers with hundreds of sales, you don't have much to worry about. As always, the rule when buying Rolex online is buy the seller
post #8 of 17
4%?? That is more than I thought, jeeze.

When buying online you are looking for a great deal and 4% can certainly make a difference.
post #9 of 17
Quote:
Originally Posted by tradernick View Post
Clearly, you haven't spent too much time around rich people

But seriously, I bought one from Rolexforums and you're goddamn right I would have saved 4% of the purchase price of my Sub ND. I met up and bought so I didn't have to worry about it.

I agree with Zack, who said that risk management is everything in this type of deal, but the fact is that if you buy from one of the very well established sellers at i.e. Rolexforums, who are mainly dealer-associated resellers with hundreds of sales, you don't have much to worry about. As always, the rule when buying Rolex online is buy the seller

I agree, In this case though you would need to buy the seller and buy the owner of the paypal account. HE would own the watch completely and it would be a real pain if he decided to keep it! Would be horrible of course, but still something to consider!
post #10 of 17
Thread Starter 
Some good advice-I'll be buying from therolexfoum, from a reputable dealer, so not too worried about getting scammed. It will be my first "prestige" watch so won't be going more than $7k. 4% is nothing to sniffle at! Now I'm thinking PAM 312...oh so many watches and so little time. So, to my initial question - can anyone here save me the paypal fees?
post #11 of 17
Quote:
Originally Posted by Cognacad View Post
To me someone buying a Rolex wouldn't be the kind of person to not be able to get his own PayPal account! Haha
!

ftfy
post #12 of 17
Quote:
Originally Posted by bigt View Post
Some good advice-I'll be buying from therolexfoum, from a reputable dealer, so not too worried about getting scammed. It will be my first "prestige" watch so won't be going more than $7k. 4% is nothing to sniffle at!

Now I'm thinking PAM 312...oh so many watches and so little time.

So, to my initial question - can anyone here save me the paypal fees?

Gift it from a bank account and u save the pp fees?
post #13 of 17
Well If you really don't care about having any protection or recourse, and want to avoid fees, just do a bank wire transfer. I don't know about your bank but mine does them for me for free.

Still, I'd be weary.
post #14 of 17
You guys all do realize that there are NO PAYPAL FEES if you pay using a BANK ACCOUNT instead of a credit card right? You DON'T have to gift it - just a standard paypal payment using your bank account.
post #15 of 17
Quote:
Originally Posted by alphaO888 View Post
You guys all do realize that there are NO PAYPAL FEES if you pay using a BANK ACCOUNT instead of a credit card right? You DON'T have to gift it - just a standard paypal payment using your bank account.


The receiver pays a fee though, hence that's what he's trying to avoid. The seller will take less for it instead of adding on 3-4% to cover that fee.
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