OT: Cash only?

 Is there any other way to accept payment for a used car?  Now that people
can print good looking "cashier's checks" I don't see any other option.
(Yes, I know that even cash could be fake.)

Thanks

  PayPal?  I don't know if they have a transaction limit, nor do
I know whether they make good on fraudulent payments if they
allow one to occur, but it's worth looking into.

 You could always take the buyer to the bank and present the check to see if
it's a valid check and then deposit it directly into your account. On a
certified or bank check, most banks will allow you to deposit it as cash.

 On Tue, 14 Dec 2004 12:49:20 -0500, someone wrote:


You seem to be missing the point.  If the check later turns out to be
forged, his bank will then come back after HIM and debit his account.
Just because he withdrew the "cash" right away doesn't stop them from
debiting the account, putting it into a negative balance.  Even if he
closed the account after getting the money they will still come back
after him retroactively. And he is supposed to go after the guy who
gave him the check.

Now, guess who will have greater success finding the person - OP's
bank finding him, or OP finding the scammer.  It is a very legit
concern.  Just because a check "clears" and the funds are "available"
does NOT get you off the hook, regardless of how common this
misconception is.

-v.


Reply to NG only - this e.mail address goes to a kill file.

 

Yes, this is my concern.