Safe payment when selling $20,000.00 card.?

[BillyCoxDodgers3B]

Originally Posted by Deertick

Many years ago I sold an item for about $10K and used an escrow service. I think it cost around $150 at the time. Agent (small Law firm) called when money had cleared and I shipped to him overnight, signature required. Package was opened with the buyer in office, then money was released and letter confirming transaction was issued. No claims that it never arrived, or fake money order, etc. I would imagine that it would cost more than that now, but it was seamless and reassuring for both parties.

While I am not sure of the current costs, if we're getting to the point where the fees get steep, then one of the two parties might as well just hop on a plane and the transaction can be made in person with a nice stack of cash (provided it's a domestic flight for the sake of the airfare cost). Of course, not everyone has the time...

[StraightRaceCards]

Originally Posted by BillyCoxDodgers3B

While I am not sure of the current costs, if we're getting to the point where the fees get steep, then one of the two parties might as well just hop on a plane and the transaction can be made in person with a nice stack of cash (provided it's a domestic flight for the sake of the airfare cost). Of course, not everyone has the time...

That’s where my head is at.

If I’m buying a 20K card, it seems reasonable to hop on a flight and not worry about shipping issues either.

Plus you’ll have some fun memories that way!

[Jewish-collector]

It depends on your perspective. For some people, $20,000 is a hell of a lot of money. For others, $20,000 is pocket change.

[Deertick]

Originally Posted by BillyCoxDodgers3B

While I am not sure of the current costs, if we're getting to the point where the fees get steep, then one of the two parties might as well just hop on a plane and the transaction can be made in person with a nice stack of cash (provided it's a domestic flight for the sake of the airfare cost). Of course, not everyone has the time...

One of the problems doing that is if you are the one jumping on the plane and the buyer flakes you are still out transportation, time, and possibly hotel. In this case it would definitely better if the buyer is the travelling party.

[tjisonline]

certified check, wire transfer, zelle / pp f & f week but needs to be spread out due time + amount limits. i sit on personal checks for 10 biz days.

[Eggoman]

IF it's a transaction that is FAIRLY local, I have met the Buyer INSIDE a Bank to complete the deal...

Good Luck!

[OGcardguy]

Originally Posted by Deertick

One of the problems doing that is if you are the one jumping on the plane and the buyer flakes you are still out transportation, time, and possibly hotel. In this case it would definitely better if the buyer is the travelling party.

Actually the real problem is having your stack of
cash confiscated at the airport and basically never getting it back.
Happens far more often than you think.
Do a little research on it.

[calvindog]

Originally Posted by OGcardguy

Actually the real problem is having your stack of
cash confiscated at the airport and basically never getting it back.
Happens far more often than you think.
Do a little research on it.

This is accurate. And if your money is seized, the burden of proof is on you to get it back in a litigation.

[nwobhm]

Or if you are banking at a nationwide institution you withdraw/deposit before getting on a plane.

[oldjudge]

Pennies--and be sure to count them all