New ebayer and cheque payment

cafenervosa_2

If your so worried give the cheque 10 workings days to clear, what would be the harm in that :beer:

gentleman_jim_3

Hello all,

The fear of a cheque bouncing, even after 5 days is perfectly real - I even remember a scam that involved this (I'll see if I can find the article).

Basiclly if the cheque turns out to be stolen, then the money can automatically be deducted from your account, up to a month after it has cleared (I'll check, as my memory is vague).

I'll see if I can find the article for you...

soolin

Whilst I completely agree that it is rare for a cheque to bounce after 10 days, it can happen. It requires an element of a scam though, it shouldn't just bounce due to lack of funds.

I had one bounce after approx 5 weeks, and other actually on day 10, a week after it cleared for funds.

Soo

ts_aly2000

I've had this before. PayPal. A young buyer. Paying by cheque. It all went through ok. Cheque was from his parents for £80 odd.

PayPal can cause some people some real headaches. I think it's more to do with PayPal not being entirely clear on how to setup and exactly how it works. I still occasionally get problems with mine and I've had it for about 3-years. It'll sometimes default to an e-cheque and then I have to communicate with the seller to get them to refund. Luckily I do have two PayPal accounts. One is for personal use (which works) and one is for business use (which does strange things).

I still can't 'confirm' the business account.

Get this.. If you're on dialup, and obviously using the phone... Then PayPal can't get through with their Telephone Authorisation. And then the option doesn't work anymore and you have to use a different method.

You'd think PayPal would have clocked on that a dialup account is using the phone line..... They're just yet another company that assumes we're all on broadband and can download Megabytes of patches for the hell of it.

Using XP Updates on a dialup is utterly ridiculous!!

gentleman_jim_3

Sorry, I can't find the article but I did find this (although it may not be useful to your scenario):
http://www.theregister.co.uk/2004/11/16/petty_fraudsters_ebay/

Basically I read about the scam on the BBC, last year I think.
What happens is this
-You sell an item for £5 on eBay and wait for the cheque
-You recieve a cheque for £20 for an item that's worth £5
-You cash the cheque and the buyer says sorry for the mistake and says they'll just have £10 back from the over-payment and you can keep the remaining £5.
-You do as they say and you end up with +£10 in your account.
-A month down the line (that's roughly how long it takes for the banks to process the information and realise the issue) the bank says the cheque was stolen and the total £20 cheque amount has been deducted from your account.
-You are then left with -£10 in your account.

Phew, does that make sense?

In all honesty I wouldn't worry and I'm sure it will work out for you - just thought you should be aware of the worst case scenario.

I hope this has helped.

OverlandLandy

Can you not just ask them why the name is different?
Often the direct approach is best.

If they are genuine you will find out........if not they will think that they have been found out and may suddenly decide to pay via their 'now fully working' Paypal account!