Taking Payment, for high $$$ ??

S

satin

Joined
Apr 6, 2001
Messages
1,394
Hi all... I've got some newbie questions,
I'm in need of some cash, so soon I'm goign to be selling off some of my knives, one a high dollar custom... And I've never sold anything worth this much before... so, I've got a couple questions...

I usually take payment for knives I sell, via Postal Money order, since I'm not set up for pay pal, and dont like to mess with personal checks...
However, I believe the P.O. has a limit on the amount which one can get a money order for... is this true? Whats the limit?

And, the real question, what would the best way to take payment for a $1400 custom knife be?


I'm a total newbie in this area, and need some help. :)
Thanks.

[Edited to correct a numerical typo... altho I dont think it changes anything]
 
Make sure who you deal with...........Then you have no problems.IMHO
 
There is a limit on Postal Money orders and also money orders from the bank. I think it is $300.00 or $500.00. So, you could ask for multiple instruments that total $1,300.00

For a transction of $1,300.00 a Cashier's Cheque would work- Or you could ask for a wire transfer directly into your bank- this will cost someone around $20.00- you or the buyer. This is the safest way.

Neil
 
The limit for USPS money orders is $700.00. I always divide the total in two and send two money orders. In this case I would send two money orders for $650.00 each. Simple as that.
 
If you do a wire transfer, give the buyer your banking information over the phone. Do not send this information in an email.
 
When I buy knives, I don't like to bother having to get a money order. There is usually no burning rush for me to get the knife, so I usually ask the seller to take a personal check and not to ship the knife till the check clears, so there is no risk for him.
 
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