>> Personal Checks can actually be cancelled, and payment taken back, up to
6
>> months after it has cleared. Don't know the mechanics of such a
>> transaction, but do know it is possible.
>
>Yes that's true, but it applies equally to money orders. I used to run a
mail order business and have taken tens of thousands >of UK personal checks
and I never once had anyone try that. Credit and debit cards, on the other
hand, gave us chargeback >problems all the time.
No, not equally to money orders. Neither checks nor money orders can be
cancelled after they have been paid by the issueing bank, unless they are
declared to be forged or counterfeited, and it's much more difficult to
counterfeit a known money order. Most money orders supply a phone number to
tell the merchant when the money order has been paid by the issueing bank.
This makes a money order a fairly reliable payment method, for moderate
amounts of money.
The other difference between selling something through mail-order, and
selling e-gold, is that when you send something through mail-order, you have
a delivery address for any potential thief. Such an address becomes
impossible to verify for an e-gold buyer. Thieves know this and this makes
e-gold a target for thieves -- much more so than any mail-order business.
SnowDog
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
