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#1586266 06/09/06 04:12 AM
Joined: Oct 2003
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Originally posted by neelnug:

We have implemented this. Every month I see a lot of fraudulant checks. Ebay, lottery winners, rebate checks... you name it. The banks job is to be suspicious. (to protect itself and its customers) Even the smallest banks see hundreds of thousands of dollar of losses due to fraud. Also the government is instituting a lot of costly and pointless policies to tell consumers that they are "being protected"



Yep, its business. Check fraud can costs banks $$$ and this in turn will hurt the consumer. Safest bet is paypal


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#1586267 06/11/06 12:11 AM
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I was shipping and selling only to the U.S.. The buyer has a U.S. address to ship to but he sent me a Canadian Bank Check. The buyer has 104 positive feedbacks and he said that it must be a misunderstanding. I will just have to wait. The credit union seems to be doing me a favor by collecting the money.

Usually the credit union deposits the check and then they tell me how long I will need to wait before the check has cleared. I guess they might have seen something that made them suspicious.

It seems to be a Canadian Cashier Check or bank check and it is payable through a U.S. bank.

PayPal is a risk also. I sold 3 items to a person in Germany. The buyer found a lower priced item so he said that he was returning 2 of the items. He didn't even ask. I had no choice but to refund the money after he returned the items. I think Western Union is a better choice for overseas payments. Accepting PayPal is kind of like being Wal-Mart, if the person finds a lower price then they can return the item with no questions ask.

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