How can I be sure the check will be good?

[workinonit]

I didn't read this entire thread but some some about this. Just be aware of large currency transactions. There's so set amount that triggers the report but large sums of money in cash either withdrawn or deposited can and will trigger a report to the IRS and FED. Not that that's a big deal but it can be.

 

[Frankenkubota]

I always wonder why it takes 5-15 days to electronically get funds into your account, but milliseconds for funds to go the other way.

it's called the float and lots of money involved.

 

[Complete Turf Care]

Zelle for low amount transactions or a met at the buyers' bank.

I'm not familiar with Zelle. And I don't think anyone has mentioned PayPal or Apple Pay. I don't use any of those, so I don't know how they would work. I do accept credit card payments, but I was hacked in March, and I'm still fighting with QuickBooks over about $2400 on that issue. And credit card charges can be disputed and the merchant usually looses that battle.

 

[hube2]

... And I don't think anyone has mentioned PayPal or Apple Pay. ...

I actually use PayPal to get paid often. I do freelance work for people all over the world and I invoice them through PayPal. Granted, these are business transactions, but actually, I would trust PayPal with something like this, although I don't know if they'll do a large amount or what the limit is on personal accounts.

 

[Handloader109]

Real money has RFID chip in it. That is why you should wrap large amounts in aluminum foil. Cops love civil forfeiture. 8000 is the going rate to get your cash back.

Wrap the foil around your head. There ain't any chip in cash...... Yes, there is foil strip, but it isn't a chip. Get real.

 

[bearthebruce]

credit card charges can be disputed and the merchant usually looses that battle.

Credit card companies only benefit if the card holder has a good experience and keeps using the card.

Merchants are not important to the CC companies. In 17 years of running an online business, we have never won a defense of a chargeback. Most online companies experience fraudulent charges of 2-5% of their sales revenue. We manage to hold ours to 0.02% of our Sales revenue. We pursue every fraudulent charge and still we have never won a case in our favor.

My point is: Merchants loose. If you can't afford the loss, then do not allow Credit Card payment.

PayPal is far better with which to work. They value both sides of the transaction and will mediate, often providing the merchant with some protection.

We have distributing resellers around the world who pay us via PayPal. We've never had a problem with them on transactions up to around $10k. I don't recall any transactions over that amount.

Most of our payments of large amounts are done by wire transfer. We have never had any stiff us on a wire transfer.

 

[Handloader109]

They come to the house, they pay me. We make out hand written reciepts and I sign the title over. They take the title and go do whatever they need to do and they come back for the car. It is either that of they have it towed. Either way before they leave I scrape off my registration sticker and take my plates off. I've bought and sole several cars through private sale here and this is how it has always been done.

You are being way stupid. You won't sell a car over the weekend, and during this time of covid ignorance, a lot of Dmvs have limited hours. And if the OP puts on a tag from another vehicle they own, THEY are committing a fraud and are subject to arrest if they get stopped. Just sell the car......

 

[Handloader109]

We have only sold a few cars over the years.
There's a large cemetery about 1.5mile away with lots of paved roads going around and through it. People interested in car I drive them there then let them drive around cemetery trying it out. If they buy it we meet at a local bank where money is transferred, no warranty paper and title is signed, I remove my tags, and call my insurance company cancelling insurance.
Now it's their car and responsibility.

Yes, cancel your insurance, and the title is now in their possession with YOUR signature verifying transfer. You have zero risk after this. BTW, it may take 6 weeks to get a title transferred.....

 

[Handloader109]

i've lived all over this great nation ( not NY) and in every state i lived in, both the signatures had to be witnessed by a notary.

I always try to do it a dmv.

Not in Arkansas. No notary needed.

 

[Handloader109]

I’m afraid you are behind the times... Civil forfeiture in the United States - Wikipedia

continue to research and you will be shocked to discover that only 2 court cases have been overturned by judges. You will also discover this is a billion $ fundraising business for law enforcement.
Search YouTube for endless testimony of law enforcement’s abuse of these laws! This has been going on for many years! Many have their entire retirements confiscated because they were accused of being drug dealers.

I'm 62 and have been stopped maybe a half dozen times in my entire 47 years of driving. I've NEVER been worried or even asked to get out of my car and for dang sure never had my person searched. If you are truly worried about this, you have major issues.

I bought car 2 years ago for CASH in another state. $12,500, No issue. He did let us drive back with his tag and we mailed it back, and yes I did get insurance on it before we left for the purchase.
I've bought 2 lasers from China in past 4 years, wire transfers which for overseas are $60 each. Way east and safe.
I did buy a $23,000 car last year from dealer in MO, 150 miles from home. Used Cashier's check. The dealer wanted a photo of it the day before. No issues. I asked and they said Cashier's check worked for them....
But wire transfer would be safest, especially from someone out of the area.