How to manage payment for large ticket items for sale

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  #16  
Old 05-03-2021, 05:49 AM
Petersweeney Petersweeney is offline
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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.....
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Old 05-03-2021, 06:06 AM
ankeny ankeny is offline
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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.
  #18  
Old 05-03-2021, 06:09 AM
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Bay Kid Bay Kid is offline
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Cash is always king.
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Old 05-03-2021, 06:20 AM
Hiltongrizz11 Hiltongrizz11 is offline
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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
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Old 05-03-2021, 06:40 AM
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leejan121 leejan121 is offline
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Quote:
Originally Posted by jojo View Post
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.
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  #21  
Old 05-03-2021, 06:52 AM
NoMo50 NoMo50 is offline
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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.
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Old 05-03-2021, 06:54 AM
Tmarkwald Tmarkwald is offline
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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...
  #23  
Old 05-03-2021, 06:56 AM
tsmall22204 tsmall22204 is offline
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Money order! That is so the 80s.
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Old 05-03-2021, 06:58 AM
Ladysilky51 Ladysilky51 is offline
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Cash! Too many scammers around.
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Old 05-03-2021, 07:00 AM
mpcolonel mpcolonel is offline
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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
  #26  
Old 05-03-2021, 07:03 AM
Kgcetm Kgcetm is offline
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Cash makes everyone happy and takes fraudulent checks (bank and personal) off the table.
  #27  
Old 05-03-2021, 07:15 AM
richl richl is offline
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Cash is the only risk-free way IMO
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Old 05-03-2021, 07:31 AM
ron32162 ron32162 is offline
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cash only
  #29  
Old 05-03-2021, 07:33 AM
SeaCros SeaCros is offline
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Cash is king!!
  #30  
Old 05-03-2021, 07:35 AM
DAVES DAVES is offline
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Quote:
Originally Posted by tophcfa View Post
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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