timberlake
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posted on June 24, 2001 07:41:32 AM new
I just sold something on Ebay and dont know which ways is best to collect funds - I am nervous about this buyer. Paypal seems to leave it open to bad buyers to reverse charges -- so what is the safest way for me to set funds that does not allow for this guy to pull a reverse charge? Maybe I am I am jumping the gun but after reading all these stories I worry about buyers screwing me.
Please Help!
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revvassago
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posted on June 24, 2001 07:43:06 AM new
Money order.
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timberlake
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posted on June 24, 2001 07:46:32 AM new
Any type? Bank, Post office, etc....
How about cashiers check? is it the same?
Thanks for your help
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morgantown
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posted on June 24, 2001 07:47:26 AM new
Postal money order.
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morgantown
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posted on June 24, 2001 07:48:50 AM new
I think Postal money orders are the only ones that can't be stop payment [ed]. To the best of my knowledge...
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dottie
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posted on June 24, 2001 07:50:20 AM new
cashiers check would be the same as a money order... which is treated like 'cash'.
BTW, I think paypal protects sellers against charge backs better than some of the other online payment options (such as Billpoint, which basically - from what I can tell - goes with what the credit card company says... and in the case of a buyer disputing the charges... obviously a seller would be hosed....) It's a no-brainer for me that Paypal is better than Billpoint, even if they do things sometimes that really tick me off.
- Dottie 
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revvassago
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posted on June 24, 2001 07:51:23 AM new
I believe that once any money order is cashed, you cannot stop payment on it. Correct me if I am wrong....
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thetruthseeker
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posted on June 24, 2001 07:51:39 AM new
what options did you state in your auction terms........its too late to change oars now, you have to follow thru on your terms
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revvassago
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posted on June 24, 2001 07:53:05 AM new
thetruthseeker, no you don't have to follow through with your TOS.... AW said so in a feature article this month 
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timberlake
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posted on June 24, 2001 07:56:16 AM new
Well I dont know about Billpay but had my experiences with Customer Service Hell with Paypal -- and while going through that saw how many loopholes are open for them to "just lock up your money" or a buyer to reverse. So since I am not in the mood to sell something and not get paid - I want the way that doesnt allow a dishonest buyer to get his way.
So Post office Money order is best?
I heard that with Cashiers and Money orders through banks can be reversed! And that makes sense because you deposit into your checking account - so you bank could then take the funds back out if it was reversed.
Anyone else heard this?
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morgantown
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posted on June 24, 2001 07:56:18 AM new
You can stop payment on most money orders. Look for the 800 number on the back, call it and tell them you lost the MO.
Naturally, if the MO had been deposited and cleared, it can't be stoped.
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timberlake
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posted on June 24, 2001 07:58:07 AM new
I set my terms as "cashiers check or Money order" I do not except Paypal
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thetruthseeker
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posted on June 24, 2001 08:06:05 AM new
rewassago
and now AW is god and rules over ebays site???? folks just because AW or anyone else states an "opinion" that does not make it"law"....according to ebay if its in the terms it has to be stuck to.......a sites terms of use are the "law and they are "god" of their site unless laws where they arelocated are violated. aw is not the rulemaker, they are merely an inteeresting site with some nice tools and a place for people to whine and complain
timberlake
your terms are clear NO PAYPAL, hell you're in the clear. accept only what you stated
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gravid
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posted on June 24, 2001 08:07:45 AM new
If you are selling something like pagers or sex tapes that have a lot of fraud then you might want to restrict how you are paid.
However most of us that sell normal things never have a problem with bad payments. In 2 years and about 10,000 transactions I have been ripped of once for $189 on a credit card sale.
You will usually spend more time and effort to make yourself 100% safe than is justified by the loss you avoid. Customers want to have a choice of how to pay you. Just the number of bidders you chase off alone is not worth it.
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sadie999
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posted on June 24, 2001 08:07:45 AM new
I'm going to be the odd person out here. I would take a check and not ship until it cleared. I don't know how to do it at your bank, but at mine, I put a 10 day hold on a specific check, then they notify me when it's cleared. Also, scan the check with all the information - bank address, routing numbers, etc. You can also then do your own check by calling their bank first to see if they have the funds, then 7 biz days later by calling them to ask if that specific check has cleared.
If you take a postal MO, don't deposit it - take it to the PO and cash it. They check it against a daily list of fraudulent and stop payment MO's.
Anything they purchase from a bank can have a stop payment put on it. I accidentally threw away an alimony check once, and my ex had no trouble stopping payment and reissuing.
If feedback is what's making you nervous about this buyer, you might even tell them why you're nervous. If it's gut instinct, that's harder to explain and might result in your buyer feeling insulted.
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timberlake
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posted on June 24, 2001 08:08:34 AM new
The truth seaker
yes- I know - I am just hearing things even about Money orders and cashiers checks - that a dishonest buyer can reverse or cancel it -
So I am just trying to reseach and see if thats true.
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thetruthseeker
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posted on June 24, 2001 08:12:15 AM new
timberlake
postal m.o are golden ya can't fool with them, you can always make that part of your terms and cashiers checks are also that way, i think..i am sure i will be corrected on that shortly
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revvassago
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posted on June 24, 2001 08:36:56 AM new
thetruthseeker:
"and now AW is god and rules over ebays site???? folks just because AW or anyone else states an "opinion" that does not make it"law"....according to ebay if its in the terms it has to be stuck to.......a sites terms of use are the "law and they are "god" of their site unless laws where they arelocated are violated. aw is not the rulemaker, they are merely an inteeresting site with some nice tools and a place for people to whine and complain "
look at the face after my last post: it looks like this .
Jeez, lighten up. It was a joke.
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[ edited by revvassago on Jun 24, 2001 08:38 AM ]
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thetruthseeker
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posted on June 24, 2001 08:46:47 AM new
reswago
oh thats nice you can me cute little faces too..........how about speaking your thoughts instead of letting the little faces speak for you, that would be the grown up way to do things
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revvassago
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posted on June 24, 2001 08:51:54 AM new
TRUTHSEEKER Just because you can't get a joke, doesn't mean others can't. I think you are just looking for a fight today. Not just from me, but from others as well.
Grow up.
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Capriole
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posted on June 24, 2001 08:52:15 AM new
Timberlake: if you gave them multiple options, you can't pull the rug out from under the bidders feet post auction.
Why are you worried about a chargeback or stopped check? I take checks, paypal, MO's and cashiers checks and so far it's been only the folks who won't pay that are a bummer.
As a bidder I steer clear of auctions that won't do any kind of returns. Good sellers stand by their item.
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thetruthseeker
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posted on June 24, 2001 08:54:24 AM new
well you know what they say about opinions and your fits quite well..............
truthspeakers are always looked upon as stiring the pot, trouble makers lookin to pick a fight and those who say those things are usually the ones smarting for a dose of the truth.....as emmril would say ...BAM!!!!
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revvassago
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posted on June 24, 2001 08:58:07 AM new
truthseeker:
That made absolutely no sense. I am no longer responding to your pointless posts.
Go pick on someone else.
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capotasto
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posted on June 24, 2001 08:59:00 AM new
"calling their bank first to see if they have the funds, then 7 biz days later by calling them to ask if that specific check has cleared."
I have done that and it's a good idea.
HOWEVER the First Citizen's Bank and Trust Company of South Carolina would tell me if funds were available to cover a check, but REFUSED to tell me if the specific check had cleared. Even though I had a copy in my hand and it was made out to me the lady said something about the account holder's privacy. Huh? He wrote me the check.
I always accept personal checks but I just might put in my TOS that I will not take checks drawn on the First Citizens Bank and Trust Company of South Carolina.
Vinnie
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MartyAW
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posted on June 24, 2001 08:59:54 AM new
Hello truthseeker,
Please tone down your posts and treat other folks with respect.
You may share your opinions and perspectives, but the Community Guidelines need to be followed while doing so.
Thank you,
Marty
Moderator
[email protected]
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