(Topic ID: 232822)

Whats the safest way for a seller to receive money


By hoby1

5 months ago



Topic Stats

  • 56 posts
  • 35 Pinsiders participating
  • Latest reply 3 months ago by abracadabra
  • Topic is favorited by 3 Pinsiders

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    #34 5 months ago

    hoby1 - After reading your responses, my advice is only accept a bank wire in this situation. It's essentially cash in hand, same day, without the worry of a buyer filing a complaint for who knows what weeks/months down the line.

    If the buyer has an issue with a bank wire, vet out their concerns. Make sure you hold up your end of the bargain by providing as many pictures and videos of the pin. I would also suggest offering up a phone call to answer any questions they may have. This will create assurance you aren't misrepresenting your pin (not that you are).

    Good luck with your sale.

    #50 5 months ago
    Quoted from hoby1:

    He is sending a Wells Fargo cashiers check and I will be cashing it a a Wells Fargo bank which I do not have an account at. I asked if it bad and they discover at a later time which should NOT happen they will go after the person that issued the check. WF said they will verify at the time of cashing
    They said they will give me cash at that time for $7.50. No one I talked to said there could not be a problem as long as I have the cash in hand before shipping
    Thoughts?

    My two cents: If you'e getting assurance from Wells Fargo that you will not be liable for a bad cashier's check after cashing it, then go for it.

    Make sure you communicate with the buyer that once you cash the check, you will ship on "x" date. As a buyer, I would want to know what next steps are once you cash my check.

    Good luck with the transaction.

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