this is why i (as a private seller) would not accept a personal check from anyone except a trusted friend.Thing is, at least in US.....it is more than 2 days wait on the deposited personal check.
Even though you, the Seller, deposit a check and it shows in your balance same day or next day, and even clears the signer's bank within 2-3 days, the check can still be canceled by the signer within several days after that and then the $ would be debited from Seller's account.
So, signer/buyer can do a slop job on check with his/her signature. Send the check.
Seller deposits check, it seems to clear. Credits/becomes available to his/her account w/i 0-48 hours.
Seller ships item. Then like day 4-5, after Seller has shipped, buyer contacts his bank and says 'hey, I just saw this check....I didn't authorize that check; please cancel it !"
Buyer's bank sees signature doesn't match, cancels check.
Day 6 or 7 ...Seller's bank notifies him that check has been canceled on issuing bank's end, and the amount has now been debited from Seller's account.
Buyer ends up with a free item. Seller has little recourse unless the buyer lives fairly locally....
I take personal checks, but always tell buyer it is going to be a 7-8 calendar day turnaround on shipping once I receive the check.
US Postal Money Order is a quicker option because they cannot be canceled by the buyer, so I know that as soon as I deposit a Money Order, there's no 'backsies'.
Same with a bank cashier's check.
I'd go with a cheque over paypal any day.
Deposit the cheque. Your bank may want a day or two to check the funds and make sure it goes through. Once it clears you're good to send them the horn.
Or it bounces.... ha. But at least you haven't sent them anything or they can't dispute it through some third party that doesn't know the details of the situation (paypal).
I think a personal cheque is better honestly. It's more of a risk to the buyer I'd think.
I have known people get their PayPal account suspended or closed due to abuse such as using F & F for commercial transactions.That's a fair point
But I though friends and family has terms that it is not for transactions, so nothing to do with morality, more just and infringement of their terms so they do have the right to terminate an account that infringes their T & C. I think. Might be wrong of course.Morality apart, based on PayPal's user agreement I find it a weak case to terminate a user account based on a individual to individual money exchange to buy something. .
Cute! But come on..... :faceinpalm: That's not even close to a defensible position. The fees just aren't that bad when compared to the convenience PayPal offers.Morality apart, based on PayPal's user agreement I find it a weak case to terminate a user account based on a individual to individual money exchange to buy something. What exactly defines the individual as your friend or not? .
I did not see that in their user agreement. Can you point to whether this clause is?But I though friends and family has terms that it is not for transactions, so nothing to do with morality, more just and infringement of their terms so they do have the right to terminate an account that infringes their T & C. I think. Might be wrong of course.
A4.2 A "Personal Transaction" payment involves sending money (initiated from the “Friends and Family” tab of the “Send Money” flow) to, and receiving money into your PayPal Account from, friends and family without making an underlying commercial transaction (that is, the payment is not for the purchase of goods or services or for making any other commercial transaction).I did not see that in their user agreement. Can you point to whether this clause is?