07-12-2017 04:06 PM
Hi,
I'm truly hoping someone may have some feedback on the following situation: I have a heavy item to sell that I'm considering selling as local pick-up, cash only.
The item's price is about $1,000.00 (One Thousand Dollars).
I know this may sound funny, but do you think accepting cash only for $1,000 is a little risky/bizarre/not recommended?
I don't want to pursue money order/cashier's check in case they are forged.
Do you think it's okay to accept say 10 $100 bills (and look at them with a flashlight to make sure they aren't counterfeit?).
Any advice/suggestions greatly appreciated and hope you have a nice weekend coming up!
🙂
07-12-2017 04:14 PM - edited 07-12-2017 04:17 PM
I'd have no problem with accepting that kind of cash. You should do a quick look at the bills though to make sure they are genuine. Accepting cash is by far the safest way to go. Everything is subject to forgery including cashiers checks and USPS money orders. If you are worried about your personal safety take a big, mean looking guy with you or do the transaction somewhere where there is video surveillance and that is a well known fact.
07-12-2017 04:16 PM
07-12-2017 04:22 PM
@duchess-at-speakeasy wrote:
As a buyer, I would not want to carry more than $200 in cash, and even that much makes me very nervous if I am in an unfamiliar area.
Asking for $100 dollar bills is not a good plan -- remember, ATMs dispense only $20 bills.
~~C~~
Seriously? I take about a $1,000 with me when I go to yard sales and more if I'm going to a good flea market.
07-12-2017 04:30 PM
I'd just take the grand and head to the casino and try and double it myself nothing ventured nothing gained and babies need shoes and milk....
07-12-2017 04:32 PM
If you are worried about being cheated then perhaps selling isn't for you --- 99.999% of people in this world are decent law abiding souls who would never cheat anyone
Of course, if what you are selling is related to drugs, gangs, or associated with shady endeavors then I take back my statement ...
07-12-2017 04:36 PM - edited 07-12-2017 04:39 PM
Local pickup. He inspects it. He wants it. You give him your name and PayPal email address and he sends you the money via friends & family. It takes 1 minute. You go to your PayPal account and see you've got money. It's safe. He can't file a dispute to get it back. After you verify the payment has cleared, it's an instant payment and not an eCheck you help him load it up.
07-12-2017 04:44 PM
I don't know how heavy or transportable your item is but,
My bank allows us to conduct such transactions there.
We hand the banker the cash, banker verifies it's not counterfeit
then item is handed over to buyer. (or signed title to automobile, etc)
And I immediately have cash deposited in my account.
Lynn
07-12-2017 04:46 PM
@fab_finds4u wrote:Local pickup. He inspects it. He wants it. You give him your name and PayPal email address and he sends you the money via friends & family. It takes 1 minute. You go to your PayPal account and see you've got money. It's safe. He can't file a dispute to get it back. After you verify the payment has cleared, it's an instant payment and not an eCheck you help him load it up.
best reply and the ONLY solution. I've done this selling locally with various car parts ranging from $300-$600.
07-12-2017 04:50 PM
07-12-2017 04:56 PM
@18704d wrote:
I don't know how heavy or transportable your item is but,
My bank allows us to conduct such transactions there.
We hand the banker the cash, banker verifies it's not counterfeit
then item is handed over to buyer. (or signed title to automobile, etc)
And I immediately have cash deposited in my account.
Lynn
Where do you live? Mayberry? LOL
07-12-2017 04:57 PM
I do not use paypal when doing local pick ups. It is a cash only situation. It is no different than someone coming to buyer a car with cash. They KNOW that the amount to bring... it's not like you are asking them to walk around aimlessly.
I am a woman, who sells car parts. Most of my buyers are men but, they just want thier part. I have also sell larger furniture pieces on another account.
Just handle it intelligently.
1. Safety: The pickup should be done in a public space (I am located along a main route so I do mine outside the garage) or if a publc space is not available, have someone with you for the pick up.
2. Dont require any specific bills. Most people ill show up with 50's or $100's but it is all cash. Examine the security line on a few random bills and judge by the feel of it. Cash is not paper.. it's cloth. You will know the difference unless it's a very good forgery. There are other security fearutes common to each bill, you can google them if you are worried but, I have never been scammed by a cash pickup.
3. Make sure you arrange your time with your pick up. Exchange phone numbers. I always ask for a text when they get close or when they take off.
I personally prefer inperson pickup with my heavy items... shipping them is such a pain. And cash is king!
07-12-2017 04:58 PM
There is no such thing as too much cash.
07-12-2017 04:59 PM
@fab_finds4u wrote:Local pickup. He inspects it. He wants it. You give him your name and PayPal email address and he sends you the money via friends & family. It takes 1 minute. You go to your PayPal account and see you've got money. It's safe. He can't file a dispute to get it back. After you verify the payment has cleared, it's an instant payment and not an eCheck you help him load it up.
You are joking, right... pickup in person.... cash in hand only.
PP is not safe on a local pickup, as you have no tracking.
07-12-2017 05:01 PM - edited 07-12-2017 05:03 PM
@fab_finds4u wrote:
You give him your name and PayPal email address and he sends you the money via friends & family. It takes 1 minute. You go to your PayPal account and see you've got money. It's safe. He can't file a dispute to get it back.
Doesn't PayPal tout Friends y Family as conveniently funded with a credit card?
"There are no fees within the U.S. to send money to family and friends when you use only your PayPal balance or bank account, or a combination of your PayPal balance and bank account. There is a fee to send money as a personal payment using a debit card or credit card."