Gun sellers who refuse to accept personal checks and insist on USPS Money Orders or a cashiers check/certified funds and then make you wait five business days until funds post before shipping.

I mean...what's the point?

Because cashiers checks and money orders are forged every day. Most banks will take them and post them and it takes 3-5 days before they are returned if they are fraudulent.

I've bought a few off Gunbroker & other sources with a personal check, my preferred way. I don't mind if the seller waits 10 days or reasonable for it to clear.

Of course it's up to the seller to set the rules. I think a few of the others can be forged too.

It's about not getting burned by some neerdowell buyer....

My point is that there's no difference between any of them at that point. Besides, with a cashier's check, you can call and verify funds with the serial number (same with Postal Money Order)

quote:

Originally posted by BamaJeepster:
Because cashiers checks and money orders are forged every day. Most banks will take them and post them and it takes 3-5 days before they are returned if they are fraudulent.

Forged / fraudulent as in counterfeit and not issued by a bank / USPS?

If it's something issued by a bank / USPS, then there is never an issue, right? Or could it still not yield funds expected?

For example, if I sell a car, should I not accept a cashier's check? Or is it only okay if I go to their bank with them and watch them get the check issued - after that it's assured to be okay?

I know that personal checks can bounce, but I'm not sure how MO/CC can result in no money.

quote:

Originally posted by PGT:
Gun sellers who refuse to accept personal checks and insist on USPS Money Orders or a cashiers check/certified funds and then make you wait five business days until funds post before shipping.

I mean...what's the point?

His stuff to sell, his rules. Don't like it? Go elsewhere. But, I do understand your frustration.
What annoys me more is ones who only take USPS MO. First, I despise USPS, and I don't want to give them any extra $1.50 - $1.60 for each MO. Cashier's Check or MO from my bank, no fees.
Personal check is easiest. They can wait 10 days to clear, I don't care.

There are lots of cashiers check schemes. I'm sure USPS has seen fraudulent money orders. Both are considered "live funds" which means cash bearing instruments - a call to the issuing bank or USPS can confirm its valid (be sure to find the # yourself, not on the check b/c that's an obvious way to run a scam)

quote:

Originally posted by 12131:


His stuff to sell, his rules. Don't like it? Go elsewhere. But, I do understand your frustration.
What annoys me more is ones who only take USPS MO. First, I despise USPS, and I don't want to give them any extra $1.50 - $1.60 for each MO. Cashier's Check or MO from my bank, no fees.
Personal check is easiest. They can wait 10 days to clear, I don't care.

yeah...my issue is that you if you're gonna treat them the same, why bother limiting things?

I have to do a 45min round trip drive to deposit a money order at my bank b/c I can't use e-Deposit for it and my local post offices never have more than $100 cash in their drawer. My credit union treats money orders like checks so there's zero benefit to me for cash in hand to validate its legit.

Nobody is making you buy your next toy from that seller. Go somewhere else. Why make a big deal out of it?

I believe rants are supposed to go in the "what's your deal" section.