[s-cars] Out of town buyer

[Scott Justusson]

Bingo!  A wire is the best form of payment for a Seller IME/O.  Once the Buyer authorizes his Bank to send that wire, nothing will bring it back, nor stop it.  As it was explained to me, wires go out in comma separated string batches, so the Buyers 20k payment is only 2 keystrokes from the 20MM payment in the same batch.  No Bank will risk the latter for the former.


 Even compared to cash, wire transfer is the lowest risk method of payment received by the Seller.  Anyone that has done enough car deals over the years, will take nothing else when the dollars get significant enough to make taking that amount of cash = uncomfortable.

SJ

 

-----Original Message-----
From: Bruce Mendel <brucem105 at comcast.net>
To: s-car-list <s-car-list at audifans.com>
Sent: Mon, Jul 29, 2013 11:41 pm
Subject: Re: [s-cars] Out of town buyer


That does not really do anything. It'll set off a million red flags at 
the bank, of course, and require a lot of time and hassle to open and 
close. Not to mention make you look guilty!

But once a wire is in, no one can reverse it or reach into your account 
and remove it. And if you defrauded a buyer, closing a bank account does 
not shield you from anything.

Bruce