Odd Question: How safe are cashiers checks??

PDubs · #1 08-03-2008, 07:44 PM

I'm selling an expensive item on ebay, but the buyer doesn't want to use Paypal for payment. He is offering to send a cashiers check, but I'm somewhat hesitant. He's been a member on ebay for eight years and has perfect feedback(30 positives).

I googled this topic ahead of time, but most of the links mentioned the Nigerian scam.

What reservations should I have in receiving a cashiers checks? What precautions should I take if I decide to sell to him?

Weird question, but I have no idea what to do. Any help is much appreciated.

fenderhutz · #2 08-03-2008, 07:45 PM

Don't ship until the check clears, and make it clear you will not ship for about 2 weeks after you receive payment.

RWP · #3 08-03-2008, 07:50 PM

I have heard of cashiers checks being BAD even after they have cleared. Ask for a US Postal Money Order. If he can't do that I would be suspicious. IMHO

fenderhutz · #4 08-03-2008, 07:51 PM

YES US postal money order.

PDubs · #5 08-03-2008, 07:51 PM

Quote:

Originally Posted by fenderhutz

Don't ship until the check clears, and make it clear you will not ship for about 2 weeks after you receive payment.

What if the check is bogus? Am I financially responsible for the false check?

What would you do in my situation?

GeneralElectric · #6 08-03-2008, 09:44 PM

Say a certified bank check or USPS Money Order (not money gram, since I've heard bad things about them. Not that I haven't used them before though)