Prevent Fraud when Renting

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Original Message:

Re: Prevent Fraud when Renting (by Vivien S.):

We have a timeshare that we rent out occasionally. What is the safest way to collect payment from our guests. How does PayPal work in this situation. What happens when the guests change their minds at the last minute? In the past, we were able to demand payment up front using bank to bank money wire transfers. Recently with rampant online fraud activities, guests no longer are willing to pay up front. However, as owners we need to protect ourselves from scammers who are just fishing and lead owners on until the last moment. Do you have any suggestions? Thank you.