Final Sale payment

[dano30]

Got a buyer for my sled, but he lives in BC and I am in Slave Lake. I won’t be home when he picks up but my wife will. Is a bank draft a safe way to receive payment?

 

[Foxstar45]

Yes. What would you be asking for if you were there to receive it?

 

[dano30]

Yes. What would you be asking for if you were there to receive it?

I think a draft or certified cheque. But I can take that to bank ASAP, just don’t want someone to pull a fast on on wife.

 

[pfi572]

Bank Draft only as it’s as good as cash.
Certified cheque and they can screw you .

 

[Caper11]

Bank draft can be forged/counterfeit, my bank does not recommend accepting a bank draft. Unless the buyer and the seller are both at the bank, so the teller can actually call the bank where the draft has been issued and validate it.

 

[Xmrider163]

Caper11 is right need to be with the buyer to make sure it’s the real deal.

 

[Mike270412]

What's wrong with cash?

 

[Longhairfreak]

What's wrong with cash?

Cash is King.

 

[the_real_wild1]

Yep I only deal in cash

 

[dano30]

What's wrong with cash?

$14,000 is a lot of cash, I wouldn’t want to be walking around with that.

 

[Longhairfreak]

$14,000 is a lot of cash, I wouldn’t want to be walking around with that.

Don't walk.

 

[ABMax24]

I like cash in a sealed envelope from a bank.

 

[Mike270412]

You're not "walking around with it". You are going to pay for a power toboggan.

$14,000 is a lot of cash, I wouldn’t want to be walking around with that.

 

[JustChilling19]

Certified Cheque and bank draft are now interchangeable terms. At least as far as several bankers have explained to me. I’d either ask for cash, e transfer (if they can up their limit), or have them deposit it into your account if you use the same bank. Certified cheque or bank drafts can be forged. If you willing give away your snowmobile in return for a forged document your insurance will not cover it. Maybe you want to meet the buyer at a time when you can?

 

[catman1]

If he could get that draft pulled out in slave lake then your wife could witness it.

 

[drew562]

Only take a draft with a receipt of the transaction and business card of the teller. If you ask for that your safe. I will never take a draft without
funny thing is I bought a hot rod this summer with 22k cash and the seller wouldn't take it without getting every $100bills checked. Then he released the car.

 

[doorfx]

Counterfeit cash is out there as well.
http://www.cbc.ca/1.4380524

 

[the_real_wild1]

Could also have them both meet at the bank and have him transfer it directly into your account at the bank. I have done that too a couple times. I don't understand the issue with carrying a bunch of cash???

 

[dano30]

Thanks guys, for the info.

 

[tko sled ed]

Give him a picture of a void cheque then he can go deposit directly in your account before he pics it up
That’s how I bought the one sled I picked up in Valemount from stony Plain