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Money: receiving paypal echeck, how safe for seller?

Discussion in 'General Chat' started by Coho, May 5, 2008.

  1. Coho

    Coho Distinguished Member

    Likes Received:
    Nov 23, 2007
    Hi everyone,

    I just received a paypal echeck from a buyer in Canada and I'm in the U.S. The shipping address is confirmed and everything looks legitimate. The fee is only $5 for me but it has a clearing date of about 8 days from now. So once the echeck is cleared, am I guaranteed the fund? What steps should I take after the clearance to ensure that the transferred fund will not bounce? I'm thinking of transferring the amount back to my bank immediately and only ship once the money is safely deposited into by bank account from my paypal account. I'd appreciate any advice as the item I'm sending out is worth a few K. Thanks.

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