I usually only use a Pending Payment when it's a check from Nigeria that includes over-payment.
Like minds....except I keep it in "pending" status until I'm sure the overage check has cleared LoL
TalkBass has been independent since 1998. Add your voice.
Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
Join free Log in
Want zero display ads or expanded classifieds tools? Compare plans.
I usually only use a Pending Payment when it's a check from Nigeria that includes over-payment.
Marking your item "sold pending payment" means you lose all prospective buyers without a serious discount should the first guy flake. My experience anyway.
lol Didn't want to crap on a sellers post so I thought I would vent my frustration here. Cash is king, if you have it, what ever I'm selling is yours.
What's up with these posts within 'for sale' ads that state 'on hold pending payment?'
Somebody has to ask their mom for money? They have to collect coins from behind the couch cushions? Their great uncle owes them $50 and they're going to collect now? They have to ask their boss Cleetus at the Pump 'N Munch for a two-month advance?
Obviously this was a bass I was on the fence about. I never realized an option could be 'hey if I can find some money, I'd like to buy this. Please hold it for me until I can figure out how to pay for it
This is all somewhat tongue-in-cheek but really, people are asking to hold items for sale without having the payment readily available?
Yes. Sometimes the bank will do it in a few partial payments. I forget the reason. I do remember it's frustrating that you can't simply use funds as you wish. Usually clears within 10 days max I think.I think they mean they have someone who said they want the bass, but the seller hasn't received the money yet. In other words, if payment isn't received, the bass goes back up on the market.
I like that method but it does strip some protection from the buyer. These PayPal and other fees kill me.I'm a firm believer in cash on the barrel head. No checks, and no maybes.
If a "prospective buyer" is scared off by that post update they were never going to buy the bass anyway.
Not at all true. Just as @BobKos said earlier. If someone backs out, other buyers wonder what the first person knew that they didn't. This has happened to me more than a handful of times here, on eBay and reverb. The minute an item is sold or marked as such, other buyers who have contacted me about and watchers vanish. It is an interesting phenomenon but does happen.
Didn't want to crap on a sellers post so I thought I would vent my frustration here. Cash is king, if you have it, what ever I'm selling is yours.
What's up with these posts within 'for sale' ads that state 'on hold pending payment?'
Somebody has to ask their mom for money? They have to collect coins from behind the couch cushions? Their great uncle owes them $50 and they're going to collect now? They have to ask their boss Cleetus at the Pump 'N Munch for a two-month advance?
Obviously this was a bass I was on the fence about. I never realized an option could be 'hey if I can find some money, I'd like to buy this. Please hold it for me until I can figure out how to pay for it
This is all somewhat tongue-in-cheek but really, people are asking to hold items for sale without having the payment readily available?