if you were selling an item, value around £1k, to a stranger. Would you just take cash, or would you take extra measures, like pop down the bank with them and get them to pay the cash into your account?

cash is good. or are you thinking of the possibility it may be counterfeit?

Unless I had reason to suspect the cash was forged, then I can’t see what advantage the latter offers.

That thought is always at the back of my mind, Ton. Thinking having it paid direct into the bank by the buyer removes that, admittedly minute, risk.

Cash.

If you are worried then go to the bank with that person.

Or bank to bank transfer … UK banks only.

bank transfer then.

Of course, when he says “item” he means “service”.

If cash, you can minimise risk further by not accepting fifty pound notes. Last time I sold something over 1k the guy paid with half in 50’s. Made me quite nervous until it was safe in the bank!

Used notes only.

Didn’t you take it in the garage last time?

Didn’t you take it in the garage last time?

#butseks

I was selling a car many years back for around that kind of money. I paused midway through counting the cash as the note just didn’t feel right, sure enough it was fake, along with another £100 or so of other notes.

I was working in retail at the time so had been trained how to spot forged notes, especially by feel. I frogmarched the chap who ‘had no idea, mate’ to my local shop and checked the remainder with their scanner.

Take a closer look….

IIRC the red “ink” should smudge off on to the test medium (white paper)…..

Paypal Gift, surely! 😀

Interesting. After telling potential buyer my plan for him to pay cash into account at bank, I have heard nothing more.

Probably an innocent reason 😐

or maybe they decided to buy elsewhere

Maybe they did, mate. Maybe they did.

okay I’ll be mature now

For that kind of cash Id want to go to the bank with them or at the very least have them transfer into bank account which is pretty much instant checking money was in before letting them have item…however payment can be reversed via bank transfer.

What are you selling btw ?

Bank transfer or paypal above £100 for me.. If buyer is legit surely there is no excuse not to do bank transfer.. Saying that ages ago i bought a toyota 4×4 worth £2500 and paid with mostly £10notes and just some £20’s don’t seem to bother him 😀

The problem with Paypal, and the buyer collecting, is if your buyer is the nefarious sort, then you could be boned. As they can claim not receiving the goods, and you cannot prove you handed them over as no shipping documentation.

Having bought and sold a couple of things recently I had the same concern regarding recieving counterfeit money. I went with the guy to pay cash into my bank account so I could be comfortable the money was kosher.

In terms of buying I had zero issues with a great seller -and my making of a payment thanks Northwind!

I went with the guy to pay cash into my bank account so I could be comfortable the money was kosher.

The problem with this scenario, apparently, is if you’re the buyer there will be a point where you will have paid the cash into someone’s account, and not have your hand/eyes on the goods. So if everyone does a runner, you’re boned.

He brought it with him!

Put the bike in the back of the rusty Fiesta, drive to bank with buyer+bike, pay money into account, release bike to buyer. There now, not so difficult eh?

There now, not so difficult eh?

Slow down there Einstein. Dumb it down a bit, yeah?

I have to put a rusty what in the fiesta bank?

HTH. 🙂

I’ll even come along as the ‘enforcer’ for 10%. However in this instance this just means whining ‘please pay and please don’t hurt us’ 🙂

Your problem is you’re dealing with currency that is easy to fake, but hard to spot.
Now, if you were to complete your transaction in, say, camels, then you’re fine. I mean – who’s ever heard of a fake camel?

DrP

I’m sure you’ve seen a few fake camels toes being a GP…..

Get to know the person first, then their not a stranger.

I mean – who’s ever heard of a fake camel?

I see…
There’s no solution I’m afraid…

DrP

I bet you’ve used that line in the surgery as well…

however payment can be reversed via bank transfer.

No, it can’t. Well, it can if it’s by BACS under certain scenarios and in certain timescales, but hardly anyone uses BACS these days.

I’ve told people modern medicine has no cure for them…

DrP

There’s no solution I’m afraid…

There is: Trust 😉

I’ve bought and sold motorbikes using cash up to £5k. Didn’t bother me as I always hold the other party hostage, at gun point, until the cash clears in the bank.

There is: Trust

You would say that you shifty bastard.

Then once you have my money….POW! RIGHT IN THE KISSER!

I never strike the first blow 😆

Don’t people know how to throw a punch anymore?

Any wider and he’d catch the lamppost trying to hit him…..

Don’t people know how to throw a punch anymore?

Says the man who uses weapons.

I’ve bought and sold motorbikes using cash up to £5k. Didn’t bother me as I always hold the other party hostage, at gun point, until the cash clears in the bank.

If it was me, I would have held them at fist point.

*flexes*