Are they locked in?

endrien

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Just curious, if someone gives a 1/2 price down payment on something but then doesn't like it when they come to get it are they locked in to buy it? Well technically not locked in I guess as theres no contract but I'd assume they wouldn't want to just leave and have wasted money on nothing.
 
Whether you're the buyer or seller, I'd make sure the terms were clear before any money changed hands. If it's a "down payment", then I'd tend to say the money is not refundable. If it's a "deposit", I'd say the money is refundable.

Before money changes hands: Be clear with the buyer (if you're the seller) what your terms are. If you're the buyer, be sure what the seller's terms are.
 
Well, I work for a retailer, and if someone makes a down payment or deposit on a game, that means I have to take the game off the market. This means I can't sell it to other potential buyers. If you change your mind later, I might have lost my opportunity to sell it to someone else because of you. I might refund your money, but I might also charge you a "hold" fee for keeping your "dibs" on it....
 
I'm the seller, I sold a cocktail for 300, I told them I may or may not be able to hold onto it for them as I need the money so they gave me half via paypal before looking at it in person.
 
I'm the seller, I sold a cocktail for 300, I told them I may or may not be able to hold onto it for them as I need the money so they gave me half via paypal before looking at it in person.

They gave you good faith money (not for sale right now because of it) and I hope you were at least smart enough to add the stipulation that it is non refundable and set termss as to how long they have to look at it before they lose their down payment and the item is for sale again.
 
They gave you good faith money (not for sale right now because of it) and I hope you were at least smart enough to add the stipulation that it is non refundable and set termss as to how long they have to look at it before they lose their down payment and the item is for sale again.

Didn't really get what you were saying there, but there supposed to be coming to get it tomorrow.
 
What he is saying that you should set terms for how long you would hold the game with the down payment. Maybe they will come tommorrow or wait 6 months to pay you off and pick it up
 
If there is something I want really badly I'll offer a non-refundable deposit to hold and tell them I'll either complete the deal or they can keep my money. I've only ddone this a couple times on stuff I knew I wanted and knew wouldn't be there when I could come view.
 
My impression is that they are not locked in to buying it, but if they show up and change their minds, that up-front money is yours.

Again, it's best to clarify that up front, but I'm sure you probably didn't. But that's my general 'take' on a situation like that.

Learn to begin saying "Non-Refundable" until it rolls off your lips without even thinking about it. ;)
 
I think in this case since you didn't tell them it was non-refundable that you would be obligated to give it back if they changed their mind. Don't spend it until they show up tomorrow and take delivery.
 
My impression is that they are not locked in to buying it, but if they show up and change their minds, that up-front money is yours.

Again, it's best to clarify that up front, but I'm sure you probably didn't. But that's my general 'take' on a situation like that.

Learn to begin saying "Non-Refundable" until it rolls off your lips without even thinking about it. ;)

I'll just say this: When I bought my latest pin, it had to be out the door same day. It is a good policy for liabilities sake. I would not take hold money for a game. It's either still here when you have the time to look, or it isn't.
 
I'm the seller, I sold a cocktail for 300, I told them I may or may not be able to hold onto it for them as I need the money so they gave me half via paypal before looking at it in person.

I hate to say it, but I would do this:

- Ask the buyer to bring you the entire $300 in cash
- When the buyer comes to pick up and you have the cash, refund his paypal money

I have seen it where the buyer pays 1/2 via paypal, then picks up paying the other half. 15 minutes later, he files a claim via paypal and gets his 1/2 back
 
Wow. I didn't even think of that. Good call, Shil!
 
I hate to say it, but I would do this:

- Ask the buyer to bring you the entire $300 in cash
- When the buyer comes to pick up and you have the cash, refund his paypal money

I have seen it where the buyer pays 1/2 via paypal, then picks up paying the other half. 15 minutes later, he files a claim via paypal and gets his 1/2 back

Couldn't I just make a contract and have him it sign it and in the contract prevent him from trying to get the money back?(Ie; he tries to file a dispute, I show the contract to paypal?)
 
Couldn't I just make a contract and have him it sign it and in the contract prevent him from trying to get the money back?(Ie; he tries to file a dispute, I show the contract to paypal?)

Paypal doesn't work like that. I have been burned a few times on small things where I couldn't show a tracking number. I did have a receipt from the post office with weight and postal code it was shipped to, but no tracking number you lose.

I really wish there was more options than paypal as they have a monopoly and do what they want.
 
Also remember. Paypal protects the buyer NOT the seller...

Contract means nothing to Paypal
 
Waaaiiittt..... I don't think they could file a dispute...I believe they just sent me money as if you were to give money to a friend. There was no invoice or anything, they just sent it :).
 
Waaaiiittt..... I don't think they could file a dispute...I believe they just sent me money as if you were to give money to a friend. There was no invoice or anything, they just sent it :).

Up to you... I wouldn't trust it...
 
I got the 150 and he took it tonight. Perfect.... I told him to come here should he have any problems as its not my problem anymore hahaha.
 
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