Ebay motors safest form of payment

hesjane

dmo73av wrote:

i'm in a similar boat myself.

is it reasonable to ask the buyer to show me the money coming from bank or hole in the wall? accompany them to bank or hole in the wall?

Hole in the walls have been known to chuck out fake notes believe it or not and you have no comeback even if you walk straight into the bank with it.

But even so most people can only get £300 or so out of the wall....would that cover the sale price?

dmo73av

no it wouldn't, looking at 700

any fool proof way of looking at the notes? pen sounds good, but not 100%

hesjane

I think if there was a 'foolproof' way of checking bank notes, the BoE would have the information on their site. They update it fairly regularly to reflect new ways of checking (or not as in the case of the pen).

I think the best way is to walk into the bank with the buyer and stand with them at the counter and get them to withdraw the funds from their account in cash and before walking away or even removing that cash from the counter pay it straight back into your own account. The cashier cannot then query the validity of any of the notes as she just gave them to your buyer in front of you. Sound drastic though

dmo73av

thats the trouble, sounds drastic, but then 700 notes lost is also drastic.

my local shop has a note checker ... could i go in there with him you reckon?

marty1888

UV light machine?

http://cgi.ebay.co.uk/Money-Detector-UV-Counterfeit-Cash-Cheque-Checker-Torch_W0QQitemZ320075325515QQihZ011QQcategoryZ294QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

nanoos

Thanks for the replies...some very good advice indeed.

Can anyone see any problems with a bank transfer..I am assuming that is probabaly a safer option.

Thanks.

hesjane

marty1888 wrote:

UV light machine?

http://cgi.ebay.co.uk/Money-Detector-UV-Counterfeit-Cash-Cheque-Checker-Torch_W0QQitemZ320075325515QQihZ011QQcategoryZ294QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Again from BoE website

What type of UV lamp should I use to check that a banknote is genuine?
A good quality ultra violet (UV) lamp that emits light at around 365 nanometres is best for checking the fluorescent feature on the £5, £10 and £20 notes (the £50 note does not have the fluorescent feature). The use of LED (Light Emitting Diode) devices (such as key fob type detectors) is not recommended as the majority of these emit light at greater than 365 nanometres.
Retailers are reminded not to just check one security feature but to check a few such as the feel of the paper and the raised print, the watermark and metallic thread. Details on the checks to make can be found in the leaflet “Take a Closer Look” which is available free from the Bank of England.

But the important bit in all that to be really careful of is (the £50 note does not have the fluorescent feature).

nanoos

So would I be safer going for the bank transfer or is there a risk of being conned there....

Thanks.

Dazzieboo

When I sold my car, the guy couldn't get here for a week, so sent half by money transfer and bought the rest in cash, having worked in retail and know the obvious signs of fake notes, I took the gamble and it paid off, no fake notes there.

helping_hubby

We're also about to sell our car on ebay. But it's more like £3k. My initial thought was to ask for cash...now having my doubts.

Are there any implications with normal bank to bank transfers?