How do owners guarantee they don’t get scammed?

[muppets3d]

Whats a check? I kid ..

Yeah I think most people so rarely write checks these days, I would certainly offer it as a payment option but Venmo or Zelle or something like that should be available as well and will probably end up being the default. Even PayPal isn't as popular as it used to be.

 

[MattB2G]

Whats a check? I kid ..

We still use several checks, especially with school and kids sports.

Even my car payment is by check....... since the car companies payment website charges for credit card payments.

I won't give any credit card company or any payment service direct access to my bank account. We had a huge issue with one company once that over charged us using direct payment and it was a real pain to clear it all up. Also, if any company that has direct access to your bank accounts gets hacked your bank account good get hit as well.

 

[VGCgroupie]

We still use several checks, especially with school and kids sports.

Even my car payment is by check....... since the car companies payment website charges for credit card payments.

I won't give any credit card company or any payment service direct access to my bank account. We had a huge issue with one company once that over charged us using direct payment and it was a real pain to clear it all up. Also, if any company that has direct access to your bank accounts gets hacked your bank account good get hit as well.

If we pay via bank account I have my bank sending payments directly.

 

[J-Dog]

We still use several checks, especially with school and kids sports.

Even my car payment is by check....... since the car companies payment website charges for credit card payments.

I won't give any credit card company or any payment service direct access to my bank account. We had a huge issue with one company once that over charged us using direct payment and it was a real pain to clear it all up. Also, if any company that has direct access to your bank accounts gets hacked your bank account good get hit as well.

This is literally to only time we ever use checks anymore - kid's sports, kid's horseback riding lessons, kid's book fairs, etc. Not sure why the kid stuff doesn't take other payments these days...

 

[BaybeeYoda]

Paypal, Venmo, etc... are preferred by owners. The key is to use a one-way only method. For Paypal, that's designating the money as "Friends and Family".

I've rented 4 or 5 times through the rental board here on DISBoards, with good success. The most expensive rental I did was almost $5k. My first rental was through a broker, also just over $5k.

If you choose to rent yourself, be prepared for hours of wasted time. For example, I had 120 points to rent. I had requests from people who wanted 300+ point rentals, people who wanted one day a month away, people who wanted long vacations in AKV value studios (which is not my home resort), and people who wanted accommodations over a year away. I also had people asking me to look up availability and then never responded, or responded that they asked someone else with cheaper points and booked with them.

You'll want to have a good contract that protects both of you. Some brokers put everything on the owner, while others accept the risk. During the pandemic shut down, some brokers showed less than honorable ethics with the owners.

Can they claim a refund 5 months later if using PayPal???

 

[muppets3d]

Can they claim a refund 5 months later if using PayPal???

I am pretty sure that if they pay for goods and services with PayPal, they can file a claim for up to 90 days. After that the transaction is final. So you could conceivably only accept PayPal goods and services payment for trips at least 121 days out (that way if they file a claim you could cancel the booking and not have a penalty).

If they pay family and friends with PayPal, the transaction is final. That is why most people who sell ad-hoc on the internet request a family and friends payment. With a goods and services payment hey're at the mercy of the PayPal arbitration process, and historically PayPal heavily favors the buyer even when the dispute is completely bogus.

 

[BaybeeYoda]

I am pretty sure that if they pay for goods and services with PayPal, they can file a claim for up to 90 days. After that the transaction is final. So you could conceivably only accept PayPal goods and services payment for trips at least 121 days out (that way if they file a claim you could cancel the booking and not have a penalty).

If they pay family and friends with PayPal, the transaction is final. That is why most people who sell ad-hoc on the internet request a family and friends payment. With a goods and services payment hey're at the mercy of the PayPal arbitration process, and historically PayPal heavily favors the buyer even when the dispute is completely bogus.

Oh wow thanks. I did not know that. I guess Venmo is safer. I just rented out 20 spare points for a 1 day trip in early july, almost exactly 5 months away. That’s more than 121 days away.

Why 121 days?

 

[muppets3d]

Oh wow thanks. I did not know that. I guess Venmo is safer. I just rented out 20 spare points for a 1 day trip in early july, almost exactly 5 months away. That’s more than 121 days away.

Why 121 days?

They could file a PayPal dispute up to 90 days after they pay you. If they do, then you simply cancel the booking. As long as the booking is more than 31 days before check-in, you can cancel without the points going into holding.