I have probably traded as many pins as I have sold, but the ones I have sold were to local buyers who paid cash (usually deals to friends etc).
My question has to do with international buyers, and lets just say I was ambitious enough to ship a machine that I was selling.......what would be the safest form of payment. I was thinking Canadian Postal Money Order or a money order from a Canadian Bank (Royal Bank for instance).
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I have done western union 2 times. But they pay the fees and you get direct cash.
Life is like Pinball!! You never know where you will bounce or where your going but sometimes you have that one amazing shot But on the other hand you have those darn gutter ball where you just get frustrated.
I wouldn't use paypal, as it takes too much out of your pocket. Western union is nice. A good old fashioned bank draft, that is couriered to you works as well. As long as your bank accepts the payment, and they clear the funds.
Western Union is probably the best, once you have cash in hand, they can't claw it back..
I would say definitely a money order or bank draft. However, if you're listing on EBAY or somewhere else where you're competing with other ads, it may hurt you by not accepting PAYPAL. While PAYPAL does charge very high fees IMO, they do help you to gain a larger number of potential buyers. You'd then likely sell at a higher price which would more than cover your fees. PAYPAL provides a greater peace of mind to the potential buyers of your stuff. USUALLY when I see only bank draft/money order/western union accepted as modes of payment, I stay away from the auctions. ( ARGENTINA EXCLUDED!!!!).
Email money transfer (bank transfer) is the way to go. Works great with Royal Bank for instance and in this day and age (and not to be lazy), why bother going to the bank to exchange/deposit something when it can be done anytime by clicking on a URL and entering an agreed upon password....
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why bother going to the bank to exchange/deposit something when it can be done anytime by clicking on a URL and entering an agreed upon password....
Amen to that
Especially when going to the bank Always become more & more complicated to have those kind of things done
*It must depend from bank to bank*
Im with Dejardins , when i receive a money order , they can do **** & will freeze your money forever (sometime for as long as 2 weeks) it Doesn't matter if you have a good , or bad account , it's the same for them since they don't trust the other party's money order, they are afraid something bad will happen
Direct money transfer is the best : if the buyer trust you
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I would think there is "some" protection in local bank to bank transfers since your bank accounts are normally insurance protected, and there's a direct line of evidence to the recipient (unless their account has been compromised, but then the insurance kicks in again). You can always withhold the password until goods are received if you can work it that way. Personally, if I'm selling, I always ask for payment up front before shipping (or cash on delivery) - can't go wrong that way.