Best payment method for in-person deals?

FortyCalRipken · 07-09-2021, 05:26 PM

Dealing with someone on this forum with no feedback.

We agreed to meet in person for a deal over $5k, but under $10k. I’ve asked around and hard to get a straight answer.

What’s the best method to take payment from someone without having to worry about it coming back to bite you? The buyer doesn’t want to deal in cash. I’m ok with that, because as a buyer I wouldn’t want to bring that much money either, but being the seller I don’t think there’s much protection?

Paypal? Venmo?

Thanks.

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smanzari · 07-09-2021, 05:58 PM

I'd personally have that amount wire transferred. A low fee for that kind of money (typically ~$20), no recourse on the buyer's end, and its typically immediate enough your bank can at least confirm it over the phone if it doesn't just immediately show in your account (some banks process all day, others at certain times -- just bring a check, so you have your bank details)

RufussCkingston · 07-09-2021, 08:49 PM

Cash is king! Meet in person, pay cash. Pay with PP, ship to address.

chezball · 07-09-2021, 08:50 PM

no cash.

FortyCalRipken · 07-09-2021, 08:52 PM

Quote:

Originally Posted by chezball

no cash.

Yeah, the more I think about this the more I believe it. I don’t think I’d be covered under PayPal’s seller protection by doing a meet up deal. The buyer can dispute the charges on his card and I probably win.

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rman112 · 07-09-2021, 10:45 PM

Cash. At the police station. And both of you have each other's (verified) contact information.

jamcas997 · 07-09-2021, 10:51 PM

Quote:

Originally Posted by rman112

Cash. At the police station. And both of you have each other's (verified) contact information.

Cash at a police station , court house , Trooper Barracks . Paypal gift friends and family.

vthobby · 07-09-2021, 11:38 PM

He will meet you in person but does not want to bring cash?

I'd stay home!

Cheaper all around! Safer too!

Mike

FortyCalRipken · 07-10-2021, 01:35 AM

Quote:

Originally Posted by jamcas997

Cash at a police station , court house , Trooper Barracks . Paypal gift friends and family.

From what I see, there’s really no seller protection for Paypal FF. I’d like to the believe the guy will be truthful but not a risk I’d be willing to take.

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majestik101 · 07-10-2021, 01:38 AM

In a parking lot.

Make sure his name is “E”, and introduce yourself as “G”

.

RufussCkingston · 07-10-2021, 02:35 AM

Quote:

Originally Posted by FortyCalRipken

From what I see, there’s really no seller protection for Paypal FF. I’d like to the believe the guy will be truthful but not a risk I’d be willing to take.

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I'm confused..... are you the buyer or the seller?

FortyCalRipken · 07-10-2021, 02:38 AM

Quote:

Originally Posted by RufussCkingston

I'm confused..... are you the buyer or the seller?

Seller

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hxcmilkshake · 07-10-2021, 03:06 AM

Beads and trinkets.

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jamcas997 · 07-10-2021, 03:53 AM

Quote:

Originally Posted by RufussCkingston

I'm confused..... are you the buyer or the seller?

F & F you are good as the seller its the buyer that is not.

whitesoxfan3579 · 07-10-2021, 05:34 PM

Cash and bring a counterfeit pen.

374cardshop · 07-11-2021, 03:19 PM

Quote:

Originally Posted by whitesoxfan3579

Cash and bring a counterfeit pen.

Good point! I would do the same. I have heard mixed stories of people getting payments reversed on even F&F. I'd personally ask for cash in this scenario. If they seem bothered you could always take a small amount of maybe $25-50 for their time.

sthoemke · 07-11-2021, 06:49 PM

Postal money order?

jamcas997 · 07-11-2021, 08:01 PM

Quote:

Originally Posted by whitesoxfan3579

Cash and bring a counterfeit pen.

Hold BIG BILLS in the air and find plastic strip. As far as counterfeiting goes some crafty people have taken bills in lower denominations and made them into a high denomination and your counterfeit pen will still tell you the bill is real. The plastic strips inside the bills are in different locations by their denomination and this cannot be faked.

BGT Masters · 07-11-2021, 08:09 PM

Quote:

Originally Posted by jamcas997

F & F you are good as the seller its the buyer that is not.

This is wrong. A buyer can still file with their credit card even after paying friends and family. If it were me, probably a deal done at a local bank.

Miss Lizzy · 07-11-2021, 08:27 PM

Are cashier's checks still a thing?

jamcas997 · 07-11-2021, 09:09 PM

Quote:

Originally Posted by BGT Masters

This is wrong. A buyer can still file with their credit card even after paying friends and family. If it were me, probably a deal done at a local bank.

never had it happen to me , and I have done it plenty in the 21 years I have had paypal.

EPH289 · 07-12-2021, 01:45 AM

If it were me I'd insist on cash and meeting up at a bank where I have an account so I could deposit it right there on the spot. Meeting at a bank is probably the safest place for both buyer and seller. If anyone disagrees let me know why I'm wrong.

rman112 · 07-12-2021, 04:20 AM

Quote:

Originally Posted by EPH289

If it were me I'd insist on cash and meeting up at a bank where I have an account so I could deposit it right there on the spot. Meeting at a bank is probably the safest place for both buyer and seller. If anyone disagrees let me know why I'm wrong.

"Meeting behind the McDonald's on the highway is prob safer for both of us. Lmk."

- Notascammer42

tyrith · 07-12-2021, 02:21 PM

A cashier's check seems like the best option to me. Can't bounce like a personal check, easy to transport and less subject to theft than cash, can't get disputed or reversed. Still meet at a police station.

glen87 · 07-12-2021, 02:24 PM

Quote:

Originally Posted by tyrith

A cashier's check seems like the best option to me. Can't bounce like a personal check, easy to transport and less subject to theft than cash, can't get disputed or reversed. Still meet at a police station.

....then get robbed 2 blocks from the police station on the way to the bank to deposit the check

i would prefer the bank where it can be deposited immediately.

07-09-2021, 05:26 PM	#1
FortyCalRipken Member Join Date: Nov 2020 Posts: 95 justinmolesky3	Best payment method for in-person deals? Dealing with someone on this forum with no feedback. We agreed to meet in person for a deal over $5k, but under $10k. I’ve asked around and hard to get a straight answer. What’s the best method to take payment from someone without having to worry about it coming back to bite you? The buyer doesn’t want to deal in cash. I’m ok with that, because as a buyer I wouldn’t want to bring that much money either, but being the seller I don’t think there’s much protection? Paypal? Venmo? Thanks. Sent from my iPhone using Tapatalk

07-09-2021, 11:38 PM	#8
vthobby Member Join Date: Mar 2021 Location: Virginia Tech Posts: 855	huh? He will meet you in person but does not want to bring cash? I'd stay home! Cheaper all around! Safer too! Mike

07-10-2021, 01:38 AM	#10
majestik101 Inactive Account Join Date: Mar 2014 Location: Socially Distanced Posts: 45,526 majestik101	In a parking lot. Make sure his name is “E”, and introduce yourself as “G” . Last edited by majestik101; 07-10-2021 at 01:41 AM.

07-11-2021, 06:49 PM	#17
sthoemke Member Join Date: Jul 2012 Location: Parts Unknown Posts: 6,530 sthoemke sthoemke	Postal money order? __________________ [signature goes here]

07-12-2021, 01:45 AM	#22
EPH289 Member Join Date: May 2018 Posts: 242	If it were me I'd insist on cash and meeting up at a bank where I have an account so I could deposit it right there on the spot. Meeting at a bank is probably the safest place for both buyer and seller. If anyone disagrees let me know why I'm wrong. Last edited by EPH289; 07-12-2021 at 01:47 AM.

07-09-2021, 05:58 PM	#2
smanzari Member Join Date: Aug 2015 Location: N/A Posts: 10,727	I'd personally have that amount wire transferred. A low fee for that kind of money (typically ~$20), no recourse on the buyer's end, and its typically immediate enough your bank can at least confirm it over the phone if it doesn't just immediately show in your account (some banks process all day, others at certain times -- just bring a check, so you have your bank details)

07-09-2021, 08:49 PM	#3
RufussCkingston Member Join Date: Aug 2020 Location: Uranus Posts: 1,305	Cash is king! Meet in person, pay cash. Pay with PP, ship to address.

07-09-2021, 08:50 PM	#4
chezball Member Join Date: Dec 2010 Location: North East Beatoff USA Posts: 21,680 jabber	no cash.

07-09-2021, 10:45 PM	#6
rman112 Banned Join Date: Oct 2014 Location: Freedom is Free Again Posts: 40,946	Cash. At the police station. And both of you have each other's (verified) contact information.

07-10-2021, 03:06 AM	#13
hxcmilkshake Member Join Date: Apr 2018 Location: Apopka FL Posts: 11,576 hxcmilkshake	Beads and trinkets. Sent from my SM-G981U using Tapatalk

07-10-2021, 05:34 PM	#15
whitesoxfan3579 Member Join Date: Aug 2015 Posts: 2,007 alaa6385-53jvwf	Cash and bring a counterfeit pen.

07-11-2021, 08:27 PM	#20
Miss Lizzy Member Join Date: Mar 2013 Location: The Mighty Mojave Desert Posts: 3,190 misslizzy1978 MissLizzy	Are cashier's checks still a thing?

07-12-2021, 02:21 PM	#24
tyrith Member Join Date: Jun 2020 Posts: 1,964 tyrith	A cashier's check seems like the best option to me. Can't bounce like a personal check, easy to transport and less subject to theft than cash, can't get disputed or reversed. Still meet at a police station.