I just bought a travel trailer private party from a younger man who spent the whole visit with his face glued to his phone which was blowing up with texts. Like most private party sales buying by check just isn’t an option and pulling a large amount of cash from an ATM isn’t possible so we agreed I would go look at the rig and if I liked it I would leave a small deposit on Sunday then get cash from my business account Monday or Tuesday then pick it up Tuesday evening after I get truck ready. Well, I liked it and since my business accounts are all connected to PayPal and a few other payment processing gizmos I said “hey, you want me to just send you a deposit by PayPal. Then I won’t need to run and grab some cash?” And the guy says “that would be cool, I was actually thinking about that but then I’d have to pay a fee...” (I think he was probing for me to pay the fee) so I just suggested sending as a friend to avoid the fee because if I gave him actual cash I wouldn’t have any protections anyway.
Anyway, I was the one that suggested the PayPal payment but when it came to actually doing it I had no idea how to make it happen. It took me so long to figure out the guy was actually getting mad and was pretty much willing to forget the deposit. BUT it was by doing that deposit via PayPal (I only offered to do it because I knew I had some funds in that PayPal account) I learned my bank accounts were linked to the PayPal account and I could effectively use PayPal as an electronic check that immediately cleared (or appeared to clear) so the seller could feel comfortable completing the transaction. Clearly the voidin bank services is being filled by pocket technologies
Anyway, I was the one that suggested the PayPal payment but when it came to actually doing it I had no idea how to make it happen. It took me so long to figure out the guy was actually getting mad and was pretty much willing to forget the deposit. BUT it was by doing that deposit via PayPal (I only offered to do it because I knew I had some funds in that PayPal account) I learned my bank accounts were linked to the PayPal account and I could effectively use PayPal as an electronic check that immediately cleared (or appeared to clear) so the seller could feel comfortable completing the transaction. Clearly the voidin bank services is being filled by pocket technologies