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General Asylum General audio topics that don't fit into specific categories. |
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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: Advice re: Auction Transaction/Payment Issues posted by A4 Owner on July 26, 2005 at 06:58:34:
Hopefully it doesn't seem like I'm trying to monopolize on your post.The most secure form of payment from a US seller's perspective when selling to Canada is postal money order. The various considerations are:
1. You can cash the MO's at USPS office with just your common ID.
2. Maximum value per money order check is $1k. If $10k transaction, then 10 money orders. Won't be practical for larger amounts.
3. The money orders are readily converted to cash with some processing required for larger total values.
4. The seller doesn't ship the goods until the cash is in hand.
5. The seller must still follow acceptable shipping practices. Fraud is subject to federal laws and penalties.
6. Cost to buyer is $3.50 per $1k or 0.35% - the cheapest there is.
7. The money orders are insured to the buyer for loss or theft.Now as to myself, I prefer Paypal for buying and selling as it gives both parties the best combination of benefits and flexibility. Factor the cost into your price.
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Follow Ups
- Re: Advice re: Auction Transaction/Payment Issues - Frank E 07/26/0511:51:05 07/26/05 (0)
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