Talk of The Villages Florida

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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/)

brfree1411@aol.com 05-03-2021 11:37 AM

Venmo & Zelle are immediate & directly from their bank to yours, it is free. Set it up in advance.

Daddymac 05-03-2021 12:05 PM

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.

Get a check, Wait for it to clear, Give him the Golf Cart.:boom:

retiredguy123 05-03-2021 12:46 PM

Quote:

Originally Posted by Daddymac (Post 1939015)
Get a check, Wait for it to clear, Give him the Golf Cart.:boom:

Whenever I have cashed or deposited a personal check, the money is usually available immediately. But, I have never received a letter or written notice from the bank saying that the check has "cleared".

Two Bills 05-03-2021 12:50 PM

Quote:

Originally Posted by Quixote (Post 1938829)
Could you please elaborate a little on this. I've had a paypal account for over two decades and have NEVER had a problem with them. Evidently there's something I don't know about....

It is the seller at risk with some transactions where postage is involved.
After buying, the buyer pays from a legitimate, PayPal account account for item and postage.
Kindly collects item from seller to save the seller having to post item, when seller notifies they have money in their account.
So far all fair and square.
A few days later, buyer submits a claim to PayPal that they have not received their goods.
Seller cannot provide proof of postage, or show proof of arrival because buyer collected.
PayPal insist all sellers have proof of postage and receipt.
Buyer refunded by PayPal under the buyers guarantee.
Seller is stiffed.
Don't think it would work for a golf cart sale though!

If you use PayPal correctly you can pay large sums with no problem.
Over last 20 years we have paid through them on three occasions for winter rentals in TV.
Mostly I use bank to bank payments. Easier and cheaper.

pgettinger01 05-03-2021 02:34 PM

I have a clean 2011 Yamaha gas cart in excellent condition for sale. The price is $4,999. This is the best you will find at this price.

Nannyof3 05-03-2021 05:42 PM

Cash

Topspinmo 05-03-2021 07:08 PM

On large amount money I go to my bank get bill of sale or title notarized, he hand the money to me, I hand it to my banker, they check it, count it, deposit it, and then we sing off on it. Then I pass the keys to the new owner. It they don’t want to do that, it’s no sale. I got burned when I was 18 on car sale, and 42 cars later not again.

villageuser 05-04-2021 04:47 AM

The Fraud dept of Bank of America told me never to accept cashier’s check since they are now being used fraudently, too. Of course, if you’re selling to a Villager, I would think you’re pretty safe, but what they suggested to me is that the seller and buyer meet at the seller’s bank and the buyer does a wire transfer into the seller’s account. Do have a signed bill of sale, stating VIN #, mileage, description, and name and address of both parties, and both parties should have a copy of it.

mskaggs 05-04-2021 04:50 AM

Electronic is totally the way to go!!
 
Quote:

Originally Posted by BettyInFL (Post 1938836)
Zelle is a great service that many of the larger banks (Chase, Wells Fargo etc) provide. No fee to the receiver. The 'sender' of money has option to pay with cash from their bank or a credit card (fee for them if CC). Money is immediately deposited to your bank account. Done with a user name

Venmo (owned by Paypal) provides the same service, but once you receive the money, you have to click another button in the app to transfer to your bank account.

For a small fee on both ends, their bank could 'wire' the money to your bank. We did that when we sold our RV.

Also, I use Apple Pay!

mskaggs 05-04-2021 04:55 AM

Fraud—really?
 
Quote:

Originally Posted by Skip (Post 1938931)
No matter what system of payment you choose, surprise the buyer when you meet by asking to see his/her driver's license. Then you take a photo of it with your smart phone. If he/she disappears without buying it, you know it was a fraud.

Otherwise you are good to go.

Skip

That’s not necessarily true! I would have gladly produced my (out of state) drivers license (new here) when I went to look at a private sale cart. But after looking at it I decided to keep looking. I am not defrauding anyone, I am just taking my time to find the right cart for us!

Phil D 05-04-2021 06:00 AM

CASH and BILL OF SALE💸💸💸💸💸💸💸💸💵💵💵🠒µðŸ’µðŸ’µ

Villages Kahuna 05-04-2021 07:03 AM

Demand payment with a cashier’s check. That will assure you that the check will clear.

Bleudeturquoise 05-04-2021 07:24 AM

Make a copy of their driver's licence

Bleudeturquoise 05-04-2021 07:25 AM

License Oops!

SKIMAN 05-04-2021 07:50 AM

If they can write a personal check ,they can pay you in cash.. My thoughts.


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