Safest form of payment

[Meely]

Hello gang,

 

I'm in the midst of selling a boat.

I have been doing some research and have discovered that certified cheques etc

are not always fool proof.

Cash is always the best bet but is not always feasible.

What steps would you guys recommend to help reduce the chance of fraud?

A Louisville ??

 

Thanks,

 

Meely

Edited May 14, 2008 by Meely

[bullybass]

I would say set up a paypal account and have him/her do the same... it can be linked to their bank and credit cards and there is insurance included usually like when you buy anything on eBay... just my .02 cents... good luck to you!!

[Muskieman]

If it's on a Monday to a Friday from 9-5 $$$ is always available...banks are open.

 

I've never been ripped off getting paid with a certified cheque.

although I've friends that have been ripped off.

 

Or you can insist for $$ ...if the cheque is good he can go $$ it himself.

[Gerritt]

Is cash is not an option..

 

Money order or for larger amounts a Bank drafts are pretty legit.

 

G

[forrest]

It depends on the amount, how much?

 

Check with your bank, banks are always best. Even bank certified checks can be no good (go figure). IDs and checks can be forged and often are, a crew will come to town and set up shop for a small while and go on a "spending" spree. They crooks have a lot of good tools.

 

Make sure you do likewise for the person buying. Have all documentation and as much proof of ownership as you can reasonably get.

 

forrest

Edited May 14, 2008 by forrest

[SlowPoke]

Canada Post money order or bank draft would be my choice. Paypal is an option but why give your money away in fees?

-Brian

[Beans]

What the....???

 

Uncle Vinny (the chin) and Guido retired ?

[Roy]

If you meet the buyer in person, I can assure you he won't mess with you Bubba.