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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   How to manage payment for large ticket items for sale (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/how-manage-payment-large-ticket-items-sale-319210/)

Petersweeney 05-03-2021 05:49 AM

Unless you use PayPal regularly and with high transactions they hold your money as a seller for 21 days and charge a fee % - no wonder that clown is so rich.....

ankeny 05-03-2021 06:06 AM

The most important thing is a bill of sale signed and dated with time listed buy both parties. If you take cash check the bills for counterfeit (use a light pen for new bills or a marker pen for old bills), Also if you deposit more then $10,000 cash in your bank account the bank must report it to the government.

Bay Kid 05-03-2021 06:09 AM

Cash is always king.

Hiltongrizz11 05-03-2021 06:20 AM

There are lots of people buddy that will gladly write a bad check and disappear. Chances are you wouldn't even be knowing who you were talking with anyway. If consequences and big penalties deterred crime we wouldn't have any

leejan121 05-03-2021 06:40 AM

Quote:

Originally Posted by jojo (Post 1938541)
We are going to list our golf cart for sale and I'm wondering what is the safest way to manage the payment for the sale.

What are you selling? In the market for a used golf cart.
Thanks

NoMo50 05-03-2021 06:52 AM

Cashier's checks are easily counterfeited, and many times this will not be discovered by your bank for several days. Cash can also be counterfeit. In my former line of work I have seen both, and it never works out well for the seller. The safest way to transfer funds on a big ticket item is to do a bank wire. There is typically a small fee, around $20, for the wire. As a seller, I would gladly pay the fee for the safety/security of the transfer. With a bank wire, the funds are certified the instant they hit your account, and this is generally a matter of a couple of hours.

Tmarkwald 05-03-2021 06:54 AM

cash and provide a receipt that has both of your info on it.. Unless the golf cart is over 15K then maybe use another method...

tsmall22204 05-03-2021 06:56 AM

Money order! That is so the 80s.

Ladysilky51 05-03-2021 06:58 AM

Cash! Too many scammers around.

mpcolonel 05-03-2021 07:00 AM

Cash, check from bank or loan company or cashiers check. When I sold my car these were the only 3 I would accept. All cover you

Kgcetm 05-03-2021 07:03 AM

Cash makes everyone happy and takes fraudulent checks (bank and personal) off the table.

richl 05-03-2021 07:15 AM

Cash is the only risk-free way IMO

ron32162 05-03-2021 07:31 AM

cash only

SeaCros 05-03-2021 07:33 AM

Cash is king!!

DAVES 05-03-2021 07:35 AM

Quote:

Originally Posted by tophcfa (Post 1938639)
Cash or bank check. Anything else is unacceptable. There is no title, once the buyer drives away in the cart you are out of luck if another form of payment turns out to be no good. The only way i would accept a personal check would be if the cart stays in my garage, with the keys in my possession, until the check clears.

Re: check clears
If, I recall an in state check must clear in 3 days. It does not mean what we think it does.
If the check bounces the bank will simply take the money from you. I've had that happen to me.

Re: money orders
I used to sell on ebay. I never had a money order prove to be invalid but I did get some that were drawn by companies I had never heard of.


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