I've seen instances where Credit Card payments were reversed 18 months after the original transaction. Most common is for the buyer to claim the transaction was fraudulent - that is a guaranteed chargeback no matter who you have the merchant account with. There is no recourse for the seller other than civil court. Even for high dollar amounts, the cops just tell you to get a lawyer unless you can prove fraud.
-Dave Walton On 5/24/07, Mitch Haley <[EMAIL PROTECTED]> wrote:
Sunil Hari wrote: > If you're willing to lower your price 3%, accept payment via Paypal (3% is > paypal's fee) - that or traditional escrow is the most secure, but they > cost money. What's secure about Paypal? The fellow claims you never delivered the car to him, and Paypal freezes your account, and hits your credit card or bank account for the amount of the dispute if the funds aren't in your paypal account. I'd be very leery of using a bank that claims it doesn't have to obey banking regs to process a major transaction like a car sale. These days, I'd want either cash or a cashier's check drawn on a bank with a local branch. Meet him at the bank, and cash the check on the spot. If cash, get yourself one of those test pens and draw a line on each bill. _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
