Re: Fraudulant bidder?


"Niel J Humphreys" <admin@xxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote in message
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"Jesse" <org@xxxxxxxx> wrote in message
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"Niel J Humphreys" <admin@xxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote in
news:87OdnXGzgppDt8DbRVnyhAA@xxxxxxxxx:
Except that it can take up to around 6 months before a cheque/check is
safe from bouncing so you'd be happy with waiting at least 6 months for
something if you paid by cheque/check?

Just because the bank release the funds from one into your account does
not mean a cheque/check has truly cleared, it can be pulled back at any
time especially if it was issued fraudulently or stolen.

A week, tops.
If you are dealing with $30,000 sure, give it more than that.
You can only be so paranoid in life.
I usually ship straight away when getting a check/MO, sometimes even
waiting a week or two to build up a few before going to the bank.
Haven't got burned yet ... Might it yet happen at some point ?
Sure, but the law of averages is on your side.

Same here, I ship on receipt and have never been burned. Makes me laugh
when people say they won't ship until cheques have cleared, poor
uneducated fools.
--

Niel H

Yup. I'm not taking mail payments right now (for reasons that
should be obvious), but I when I do, I let them stack up for a
month or so and deposit them all at once.

In thousands of checks, one has bounced....and the embarrassed
sender quickly made it good.

Kris


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