A meet and pay method

Discussion of ways to help ensure a safe trade, so you don't get ripped-off. Do not discuss individuals here. Use the Feedback Forum instead.
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Joined: Mon Nov 02, 2015 11:19 am

A meet and pay method

Post by K1HMS » Wed Apr 13, 2016 6:13 pm

I recently purchased several expensive items with "meet and pays"
Each time I met the seller at a branch of my bank, I inspected the item, gave him a check with his name and the unit's serial # on the it, he signed the back, handed it to the teller, and she handed him cash. All in a minute or two. He had cash, I had the rig. The exchange was in a nice, safe, quiet location.
The check had his name and signature showing who I bought it from.

If it is your bank the seller does not need an account there, and there is no hold time.

The serial # is important. I know a person that bought a machine that turned out stolen. While the check lead back to the seller, it only showed he sold a machine, not that he sold the "hot" machine. He was let go, and the person could not get his money back from him.
Hamilton K1HMS (formerly AB1YE)

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