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So this guy in Russia wins my Ebay cell phone auction...

B

bolido2000

Diamond Member
He asks me what methods other than Paypal he can use. I tell him:

Western Union Quickpay
or
International Money order.


He'll probably go with the MO I suppose. The total is $113 with shipping. Now....if I wait for it to clear, there is no way in hell I can get ripped off right?
I had to make the auction international cuz no one in the US wants to buy my phone (taiwanese brand cell phone).
 
Originally posted by: bolido2000
He asks me what methods other than Paypal he can use. I tell him:

Western Union Quickpay
or
International Money order.


He'll probably go with the MO I suppose. The total is $113 with shipping. Now....if I wait for it to clear, there is no way in hell I can get ripped off right?
I had to make the auction international cuz no one in the US wants to buy my phone (taiwanese brand cell phone).
Click to expand...


Sure you can wait until it clears, but why even go through the hassle. I mean, in the end, it won't really clear, right? Because the money won't be there?

I guess I don't understand how these money orders work.




KS
 
Originally posted by: KeyserSoze
Originally posted by: bolido2000
He asks me what methods other than Paypal he can use. I tell him:

Western Union Quickpay
or
International Money order.


He'll probably go with the MO I suppose. The total is $113 with shipping. Now....if I wait for it to clear, there is no way in hell I can get ripped off right?
I had to make the auction international cuz no one in the US wants to buy my phone (taiwanese brand cell phone).
Click to expand...


Sure you can wait until it clears, but why even go through the hassle. I mean, in the end, it won't really clear, right? Because the money won't be there?

I guess I don't understand how these money orders work.




KS
Click to expand...

iirc you buy a money order, you buy 113 dollars worth (in this case0 and pay the cost of MO itself, like an expenxive check
 
Originally posted by: bonkers325
be weary, this reeks of scam to me
Click to expand...

Yes it does. However, if I wait the prudent amount of time for the MO to clear, I don't see how I could get screwed. Unless the bank charges for bounced MO 🙁
 
what ever happened to the days when money orders were as good as cash

They're supposed to be cash, right? You pay up front for the MO...
 
Originally posted by: bolido2000
Originally posted by: bonkers325
be weary, this reeks of scam to me
Click to expand...

Yes it does. However, if I wait the prudent amount of time for the MO to clear, I don't see how I could get screwed. Unless the bank charges for bounced MO 🙁
Click to expand...

i believe that Western Union MO's/checks or whatever they use can be forged. i have no clue about international MO's, but i believe both require some time to clear. if you must sell, stipulate that the MO/check must clear before you send the item.
 
Originally posted by: intogamer
Originally posted by: EULA
what ever happened to the days when money orders were as good as cash?
Click to expand...

usps money orders?
cashable at the post office...
Click to expand...

I took one to a bank once, and they told me "You know, Money orders arent the same as cash." I was like "wtf, yes they are..."
 
Originally posted by: EULA
Originally posted by: intogamer
Originally posted by: EULA
what ever happened to the days when money orders were as good as cash?
Click to expand...

usps money orders?
cashable at the post office...
Click to expand...

I took one to a bank once, and they told me "You know, Money orders arent the same as cash." I was like "wtf, yes they are..."
Click to expand...

hmmm maybe your bank does it different?

They are more like a prepaid check
 
Originally posted by: zoiks
Originally posted by: Brackis
The bank might clear it and then find 6 months later that it was a fake and hold you accountable for the costs.
Click to expand...

Very true.
Click to expand...


How can it be 6 months?? Doesn't the Russian bank transfer the funds over to the US after around 20 days? Why would they find out if the MO is fake after 6 months?
 
I googled "fake money orders" and got this.

While money orders are often treated as cash, banks consider money orders the same as checks and, as such, they can place the same holds as federal regulations allow on local or nonlocal checks. Regulations call for U.S. Postal Service money orders to be treated as cash under certain circumstances, but a Federal Reserve spokeswoman says they, too, can be treated the same as checks for hold purposes when necessary.




wait for it to clear before shipping goods, just as you would a check.
 
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