Safe payment when selling $20,000.00 card.?

[Casey2296]

Originally Posted by jcmtiger

What is a safe payment when selling a $20,000.00 card? Not selling in auction or ebay. Private Sale. Thanks joe.

Personal check, wire transfer, PayPal, Venmo, etc.

[Aquarian Sports Cards]

if it's a through the mail transaction:

safe for the seller? cash, wire transfer, cashier's check

for the buyer? PP G&S, credit card

[jcmtiger]

Thanks. Joe

[Snapolit1]

Personal check and wait a week for it to clear. Why let Venmo or something else take small bite out of it.

[BillyCoxDodgers3B]

I'm thinking it's safe to say the buyer isn't someone with whom OP has an established hobby relationship. As a seller, for an amount this large, I would feel more comfortable with a cashier's check over a personal check, but that's just me. If I knew and trusted the other party, a personal check would always be fine. Of course, the buyer may very well have other ideas.

[ricktmd]

I have used zelle to pay for a large transaction of 5,000.00. It was with someone I know well. Shout out to Leon! Zelle usually has limits per day but there are no fees. A little riskier for the buyer then the seller as the money cannot be retrieved. Like paypal friends and family which also does not help if you claim you bought goods and didnt pay the 3.5% . If you are a buyer and dont know the person well any form of payment with no fees like a wire or check is similar to zelle or paypal f and f . The seller gets the money and you have no card. I buy expensive items from auction houses or people I know well only

[Aaron Seefeldt]

I recently sold a pretty expensive card (well over $20k) and the buyer and I did not know each other so we used REA as a middleman. I sent the card to REA and once he got confirmation that REA had the card, he paid with a cashier’s check but a personal check would have been just as good.

This is another one of the many many things that sets REA apart from other auction houses - the lost art of customer service.