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-   -   Best way to safely receive payment? (http://www.motorgen.com/forum/showthread.php?t=23739)

Vettezuki 12-29-2010 07:48 PM

Best way to safely receive payment?
 
So other than cash, what are the best ways to receive a safe payment? Obviously a personal check can go boing and I don't even think a cashiers check/money order is guaranteed.

SeanPlunk 12-29-2010 07:50 PM

Quote:

Originally Posted by Vettezuki (Post 65432)
So other than cash, what are the best ways to receive a safe payment? Obviously a personal check can go boing and I don't even think a cashiers check/money order is guaranteed.

In order of safety:

1) Cash/Paypal/Wire
2) Cashier's Check
3) Money Order
4) Personal Check

Vettezuki 12-29-2010 08:05 PM

Quote:

Originally Posted by SeanPlunk (Post 65434)
In order of safety:

1) Cash/Paypal/Wire
2) Cashier's Check
3) Money Order
4) Personal Check

What's the distinction between a cashier's check vs. money order?

SeanPlunk 12-29-2010 08:26 PM

Quote:

Originally Posted by Vettezuki (Post 65435)
What's the distinction between a cashier's check vs. money order?

A Cashier's Check is made payable to a specific party and is guaranteed funds from the financial institution. A money order is not made out to anyone specifically and is thus easier to do a stop payment on.

Vettezuki 12-29-2010 08:29 PM

Thanks for the info.

Probably also give a Bill of Sale with signature and enumeration of what is sold for how much to who.

DarkestSpade 12-29-2010 08:39 PM

What was her name? I always have to pay up front cold hard. (no pun intended)

kdracer73 12-29-2010 08:54 PM

I've heard cashiers checks are a big problem lately. Fakes look good, even the bank cashiers have been fooled. Then a week later you get dinged for a deposit reversal.

SeanPlunk 12-29-2010 09:45 PM

Quote:

Originally Posted by kdracer73 (Post 65440)
I've heard cashiers checks are a big problem lately. Fakes look good, even the bank cashiers have been fooled. Then a week later you get dinged for a deposit reversal.

Usually the fakes we get look pretty crappy. Fake cashier's checks do come in occasionally though.

SoCalC55 12-29-2010 11:13 PM

Quote:

Originally Posted by SeanPlunk (Post 65444)
Usually the fakes we get look pretty crappy. Fake cashier's checks do come in occasionally though.

ill second this

if you want to be crafty, have the person give you the business card of the officer at the bank the official(cashiers) check was issued off of. Then give said officer a call upon receipt of the check.

Damian 12-30-2010 12:05 AM

Paypal?


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