BEWARE: member JOONBUGG

VCuomo · 11-25-2009, 11:34 PM

Quote:

Originally Posted by cab83_750

Sorry about the sale.

Cash is king nowadays and I always deal in person either buying or selling.

Btw I read that even certified checks are sometimes no good. There were cases wherein the bank honored the ck then after a few days they find out that it is no good. So they are left with no choice but to charge you.

You are correct - cashier's checks and certified checks are really no different than a personal check. They can all be forged or cancelled after issuance.

A US Postal Order is probably the safest "check" - they can't be easily cancelled or faked. Best is cash, next best is having the money direct-wired to your account (and don't provide the merchandise until you verify that the money has actually been deposited).

antennahead · 11-26-2009, 12:30 AM

Quote:

Originally Posted by VCuomo

You are correct - cashier's checks and certified checks are really no different than a personal check. They can all be forged or cancelled after issuance.

A US Postal Order is probably the safest "check" - they can't be easily cancelled or faked. Best is cash, next best is having the money direct-wired to your account (and don't provide the merchandise until you verify that the money has actually been deposited).

A cashiers check will virtually NEVER be cancelled after issuance, "if" it was issued by the bank. People tend to confuse that issue with a "forgery" or "stolen" check, that will not be honored by the bank, because it was never issued by them from real funds at the request of the account holder. The real reason these days to not take a "cashiers check" from someone you don't or barely know is because of forgery. With todays technology it is very easy for criminals to create fake cashiers checks right down to the magnetic encoding ink at the bottom that has the account information on it.

ZKindaGuy · 11-26-2009, 08:55 AM

Quote:

Originally Posted by VCuomo

You are correct - cashier's checks and certified checks are really no different than a personal check. They can all be forged or cancelled after issuance.

A US Postal Order is probably the safest "check" - they can't be easily cancelled or faked. Best is cash, next best is having the money direct-wired to your account (and don't provide the merchandise until you verify that the money has actually been deposited).

This is why I only deal in COD. It forces both sides to have to give up the goods. The buyer has to hand over cash before the Post Office ever lets them take ownership of the goods being bought.

And it separates right away the scams from the honest folks as the scammer won't consider doing a COD deal and says "NO" immediately.

I have been doing it since 1997 and never got scammed.

Trips · 11-26-2009, 02:58 PM

Quote:

Originally Posted by ZKindaGuy

This is why I only deal in COD. It forces both sides to have to give up the goods. The buyer has to hand over cash before the Post Office ever lets them take ownership of the goods being bought.

And it separates right away the scams from the honest folks as the scammer won't consider doing a COD deal and says "NO" immediately.

I have been doing it since 1997 and never got scammed.

a little late for Djcuetip but a valuable lesson learned

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