14 Days(!!) for a check to CLEAR????????????
I am noticing a LOT of sellers on eBay wanting you/me to wait FOURTEEN
DAYS for a check to clear. This is a total wad of BULL****.. I have checked, and the average time for MY check to clear MY bank is approx. 3 to 5 days after it was deposited inYOUR bank. I mean, are these damned sellers just ignorant, or are they trying to make a couple pennies interest on my money? What a crock.. BTW, in over 23 years now of selling banknotes by mail order and on eBay, I have had a total of 1 bad check. The guy blamed it on his wife (hahaha...), and expressed me the cash immediately. As far as the check clearing.. 7 days is plenty, and 10 days is a helluva lot, but FOURTEEN DAYS???? WHAT is going on? Perhaps these sellers go to the bank once a week, and are "building in" a buffer for their LAZY ASSES. Just my opinion. Yours?? |
I suspect they are just lazy in sending
things out and by saying 14 days they can let things slide until 2 weeks have passed and then mail a lot of stuff to different people at the same time. |
Yep.. Very UnProfessional. But, then, not everyone does it like you
and I do John! ================================================== ==== On 12 Feb 2004 22:10:56 GMT, (JSTONE9352) wrote: I suspect they are just lazy in sending things out and by saying 14 days they can let things slide until 2 weeks have passed and then mail a lot of stuff to different people at the same time. |
"Gene" wrote in message s.com... Yep.. Very UnProfessional. But, then, not everyone does it like you and I do John! If you are worried about funds clearing you can check this with your bank, I can even do it online. Frankly it is someone being a lazy arse and getting a bit of a float at the expense of the customer. It is amazing how many sellers on fleaBay are doing this now. Typically I have only been concerned on clearing cheques whence I am selling gold or something very valuable ie several hundred dollars. Dave --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.564 / Virus Database: 356 - Release Date: 1/19/04 |
Scottishmoney wrote:
"Gene" wrote in message s.com... Yep.. Very UnProfessional. But, then, not everyone does it like you and I do John! If you are worried about funds clearing you can check this with your bank, I can even do it online. Frankly it is someone being a lazy arse and getting a bit of a float at the expense of the customer. It is amazing how many sellers on fleaBay are doing this now. Typically I have only been concerned on clearing cheques whence I am selling gold or something very valuable ie several hundred dollars. I deposited a $641 check two days ago. My bank placed an explicit hold on the money for 1 week. My receipt explictly says "funds available 2/18/2004". I think there was some law that says banks must clear checks overnight for a bank that's in town. I can't quite remember the exact wording now, but with interstate/ebay commerce thing, just about every check I see is an out of state check, and they're pretty much all held for a while. I don't hold shipments though. As long as it's someone from ebay with a good feedback, I generally ship as soon as I can. -- davewang202(at)yahoo(dot)com |
Gene wrote in message ws.com...
I am noticing a LOT of sellers on eBay wanting you/me to wait FOURTEEN DAYS for a check to clear. This is a total wad of BULL****.. I have checked, and the average time for MY check to clear MY bank is approx. 3 to 5 days after it was deposited inYOUR bank. I mean, are these damned sellers just ignorant, or are they trying to make a couple pennies interest on my money? What a crock.. BTW, in over 23 years now of selling banknotes by mail order and on eBay, I have had a total of 1 bad check. The guy blamed it on his wife (hahaha...), and expressed me the cash immediately. As far as the check clearing.. 7 days is plenty, and 10 days is a helluva lot, but FOURTEEN DAYS???? WHAT is going on? Perhaps these sellers go to the bank once a week, and are "building in" a buffer for their LAZY ASSES. Just my opinion. Yours?? I'm in the UK so our system may be different from yours, but I used to work for a High Street bank so I can tell you a bit about how it works here. My bank takes 5 working days to clear a cheque, but that only means the funds are available then. The cheque can actually be returned unpaid up to ten days from deposit, even though your bank may have cleared the money. It's very, very rare though. I only ever saw it happen once or twice in 3 years. If I were clearing a very large cheque in the UK I'd insist on ten days clearance or more just in case, there are all sorts of ways to delay your cheque clearing through the system. |
Gene wrote:
I am noticing a LOT of sellers on eBay wanting you/me to wait FOURTEEN DAYS for a check to clear. This is a total wad of BULL****.. I have checked, and the average time for MY check to clear MY bank is approx. 3 to 5 days after it was deposited inYOUR bank. I mean, are these damned sellers just ignorant, or are they trying to make a couple pennies interest on my money? What a crock.. BTW, in over 23 years now of selling banknotes by mail order and on eBay, I have had a total of 1 bad check. The guy blamed it on his wife (hahaha...), and expressed me the cash immediately. As far as the check clearing.. 7 days is plenty, and 10 days is a helluva lot, but FOURTEEN DAYS???? WHAT is going on? Perhaps these sellers go to the bank once a week, and are "building in" a buffer for their LAZY ASSES. Just my opinion. Yours?? FWIW: My bank once put a 14 day hold on a check drawn on a bank just a couple of miles away. (Even though this was a recurring check and I had previously been told that they did not need to put holds on these checks.) Weird things happen. BTW: I quickly changed banks. ----------------------------------------------------------------------- Chris Scheers, Applied Synergy, Inc. Voice: 817-237-3360 Internet: Fax: 817-237-3074 |
I prefer to pay with paypal where ever possible, payment is instant, and I
usually have my notes within 3-5 days from the close of the auction, ( paypal doesn't cost the buyer anything ) a little longer for overseas mail, very convenient in my humble opinion. Andrew "Gene" wrote in message s.com... I am noticing a LOT of sellers on eBay wanting you/me to wait FOURTEEN DAYS for a check to clear. This is a total wad of BULL****.. I have checked, and the average time for MY check to clear MY bank is approx. 3 to 5 days after it was deposited inYOUR bank. I mean, are these damned sellers just ignorant, or are they trying to make a couple pennies interest on my money? What a crock.. BTW, in over 23 years now of selling banknotes by mail order and on eBay, I have had a total of 1 bad check. The guy blamed it on his wife (hahaha...), and expressed me the cash immediately. As far as the check clearing.. 7 days is plenty, and 10 days is a helluva lot, but FOURTEEN DAYS???? WHAT is going on? Perhaps these sellers go to the bank once a week, and are "building in" a buffer for their LAZY ASSES. Just my opinion. Yours?? |
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