What to do when buyer doesn't have the money.

[odellkevin]

I recently "sold" a motorcycle on eBay with the terms of cash only, pickup only. As soon as the auction was over, the winning bidder contacted me asking if he could pay through PayPal with his credit card AND if I could deliver it or at least meet him halfway. No and no. I told him PayPal offers zero protection for motor vehicle sales because the PayPal/credit card charge-back scam is so common. He replies back that he doesn't have the cash, can't get the cash from his credit card and the bank turned him down for a loan. He also mentioned that it would be a pain to come pick the bike up. He said he "may" have the cash in 2.5 weeks.

So I go to cancel the transaction, and eBay asks for a reason, but only gives 3 choices: 1) Out of stock or item is damaged. (Nope), 2) Buyer asked to cancel (Nope), 3) Something was wrong with buyers address (Nope). So what do I choose? I chose "Buyer asked to cancel", even though he didn't, he actually wanted me to either accept PayPal or wait 2.5 weeks. How about an option 4) Buyer can't pay or at the very least 4) Other.

[arun7500]

" ....So I go to cancel the transaction, and eBay asks... " OP made no indication that was what he finished with, just that he went there. I went to the car dealership, doesn't indicate I bought a car. His question was, ' what should I do next ? '

[d-k_treasures]

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@missjen316 wrote:

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@d-k_treasures wrote:

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@missjen316 wrote:

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@morty14 wrote:

Just wait 5 days and then file an UPI (Unpaid Item). Let ebay close out the sale, get your fees refunded and move on.

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Why would you give such advice when the OP clearly states HE CANCELLED the transaction?

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No, the OP asked how he should cancel the transaction.

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Nope. Read the OP again. He said "so what do i choose? I CHOSE BUYER REQUESTED even though he didn't......"

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You're right. I'm so used to seeing loose and lose, choose and chose, etc., that it didn't even register. Especially when everything else was a question.

[missjen831]

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@morty14 wrote:

" ....So I go to cancel the transaction, and eBay asks... " OP made no indication that was what he finished with, just that he went there. I went to the car dealership, doesn't indicate I bought a car. His question was, ' what should I do next ? '

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@arun7500 read the entire post. OP states he cancelled using "buyer requested".