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safest way to pay a private seller?

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  #1  
Old 08-11-2007, 06:18 PM
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Default safest way to pay a private seller?

Ok, I've search here and google without a good answer.. so maybe my search terms are bad. Anyway, how do I pay a private seller safely and quickly? I was thinking a check, but how can I prove anything once its cashed. How have you done it in the past? It's not that I don't trust the seller, as much as this is a good amount of money to just hand over. Should I just go to the bank and withdraw 10k in 100 dollar bills..
 
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Old 08-11-2007, 06:21 PM
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Default RE: safest way to pay a private seller?

get a bank draft, or a money order. whatever bank you use will have a record of a bank draft (or banker's cheque), and a money order has a receipt. those are the safest ways IMO. carrying around 10 g's in cash is asking for trouble if you ask me.
 
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Old 08-11-2007, 06:23 PM
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Default RE: safest way to pay a private seller?

The bank will record the check being cashed. My bank ( US Bank) even posts a scanned copy of my check after it has been cashed by the reciever online.
 
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Old 08-11-2007, 06:25 PM
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Default RE: safest way to pay a private seller?

my bank does the same, so a cheque would be pretty safe as well I suppose.
 
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Old 08-11-2007, 06:31 PM
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Default RE: safest way to pay a private seller?

Well with the check, I figured I'd have to wait until it clears.. was wondering if there was a quicker way. So on the check I should just put.. Audi a4 on the note line?

I wasn't serious about the 10g's in cash, I was imagining myself swimming in it while I was typing. It's not much, but I've never had more than maybe 1-2k in cash at a time.
 
  #6  
Old 08-11-2007, 06:32 PM
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Default RE: safest way to pay a private seller?

Get a Cashier's check. It's guaranteed to clear for the seller. That's how I paid for my Audi.
 
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Old 08-11-2007, 06:36 PM
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Default RE: safest way to pay a private seller?

ORIGINAL: ee99ee

Get a Cashier's check. It's guaranteed to clear for the seller. That's how I paid for my Audi.
that's how I bought mine too. it's as good as cash though, so treat it accordingly. lose it, and you're out 10 grand if you can't cancel it quick enough.
 
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Old 08-11-2007, 07:10 PM
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Default RE: safest way to pay a private seller?

ORIGINAL: tdn

but I've never had more than maybe 1-2k in cash at a time.
I had to make $10-15k deposits where i use to work. Talk about temptation. THEY WERE IN PLASTIC BAGS FOR CHRIST SAKES!!
 
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Old 08-11-2007, 08:07 PM
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Default RE: safest way to pay a private seller?

Thank all, looks like cashiers check is the route I'll take.

CincyTT, out of curiousity, what kind of company/job was it?
 
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Old 08-11-2007, 08:53 PM
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Default RE: safest way to pay a private seller?

Always go for the cashiers check, safest way to do it for both parties involved. Thats what I just used to buy my new Audi.
 
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