posted on January 22, 2006 06:41:50 PM
I have someone from the UK wanting to pay via a "cash by recorded delivery" method of payment. I have never heard of this and am not sure if it's a safe way to make a payment and safe for a seller. They do not have a Paypal account and they have never used a money order and this other method is the only way they will pay.
Any experiences, pros, cons, warnings on this method?
posted on January 22, 2006 07:15:13 PM
Yes, that is correct. I am originally British, and it means that they send cash and you have to sign for it at the post office, at least in Canada you do.
posted on January 22, 2006 07:50:19 PM
The problem with registered mail is you will probably get a empty envelope. The registered mail just screams OPEN ME, I HAVE MONEY INSIDE, PLEEEEEEEEASE STEAL ME!!!!
Just another white mouse in the ebay maze looking for some cheese. --- Mike
posted on January 23, 2006 01:19:37 AM
Suggest they try AuctionChex.com instead of registered cash in envelope. Safer, cheaper and you'll get a US check drawn on a US bank which you can cash for free.
By the way, make sure they don't send £ instead of $ as most US banks are illiterate when it comes to 'foreign' currency.
posted on January 25, 2006 12:19:46 PM
Cash via recorded delivery works very well. You won't have any problems accepting it, unless they send you British Pounds or what ever they are using these days.
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Many misleading tricks in 2006. The new Demomoron slogan.
posted on January 25, 2006 02:34:48 PM
stonecold613,
The UK still uses Pounds Sterling, but will eventually transition to Euros. I don't mind as UK interest rates are much higher than for Euros
As for "Cash via recorded delivery works very well." well apart from the usual problem of mail tampering (aka the slit open envelope which arrives empty), there is the problem of verifying how much was sent. I learned long ago to have any Registered/Recorded items opened in the presence of a post office employee so any discrepancy can be verified by them.
The best compromise I came up with was to have cash payments sent direct to our bank branch with deposit instruction to credit our account. (Mail to banks is routinely opened by two employees for security reasons.)
