anyone know the deal with overseas sale im selling my engine & to guys want it & are giveing me my price but they want my info so they can send me a cashiers check and how much would it cost to the uk thanks guys for your help
Always be wary of an overseas sale (unless its Byorn ). I would only do it with the stipulation that the Money Order or cashiers check clears your bank account before it would ship.
I am sure shipping an item like that will be quite costly. I do not have any specific advise on that.
68' Firebird 400 convertible, numbers matching, solar red w/ deluxe parchment interior. 66' Pontiac Ventura Hardtop 66' Pontiac Catalina Convertible
I had several "offers" of the same type from my Le Mans listing on cctol.com. 100% scam.
If I thought that an offer was truly genuine, I'd open a new bank account at a different bank and have the funds wire transferred into my account, then withdraw the funds immediately and close the account.
Money orders and cashier's checks drawn on foreign banks are not reliable as far as being sure they are good and clear before shipping. Just because it shows up in your bank as available funds does not mean it has truly cleared. That may take a couple of weeks. Wire transfer is direct, fast, irreversible.
Vikki 1969 Goldenrod Yellow / black 400 convertible numbers matching
When I bought the Bird From Barry, I wired the money directly to his account. No problem. No way I could have reclaimed it afterwards. Money order, no problem. If you get it, it means that I have paid. Western Union will not issue it unless they have the money from me. PayPal: when you´ve got it you´ve got it. No way to reclaim. PayPal will not send you the money unless they have got mine.
I think if it shows up as available funds it has cleared. Otherwise no bank would let you withdraw it.
Just give them the total, with freight and all, and wait for the check to clear. Any serious buyer will accept that.
The drawback with money orders is that they are easily counterfeited. Even U.S. Postal Service money orders are being counterfeited.
Western Union charges horrendous fees; most serious buyers won't want to add that overhead to a big purchase. $68 to transfer $1000, US to UK, likely similar in the opposite direction, plus a currency conversion fee. If using Western Union, have it sent to an agent and in U.S. dollars.
If PayPal is drawn from a credit card, what's to keep the buyer from going back to the credit card company and disputing the charges?
"If you used a credit card to fund a purchase of goods or services through PayPal, you may have chargeback rights granted by your credit card issuer. Credit card chargebacks, if they apply, can be filed more than 45 days after the transaction, are not limited to funds in the seller’s balance, and cover cases where the goods are not as described by the seller as well as cases of non-delivery.
You can choose to pursue the Buyer Complaint process or your credit card chargeback rights; however, you cannot pursue both at the same time or seek a double recovery. If you initiate a Buyer Complaint claim and, while the claim is pending, you file a credit card chargeback, PayPal will cancel your Buyer Complaint claim, and you will have to rely solely on your credit card chargeback rights.
If you cancel your Buyer Complaint claim or it is denied or results in no refund, you may still be able to pursue credit card chargeback rights. In many cases, your credit card company will allow you to file a chargeback for 90 days or more after the date of the payment. If PayPal resolves a Buyer Complaint claim in the buyer’s favor but the buyer does not receive a full recovery of their payment, and if the time for processing of the claim results in the buyer’s loss of credit card chargeback rights, then PayPal will provide a full recovery to the buyer. "
And here is how it affects the seller: "When a seller receives a payment through PayPal, if the buyer files an unauthorized transaction claim or a claim under PayPal’s consumer protection programs (a “Buyer Claim”), or if the buyer files a credit card chargeback, a Temporary Hold will be placed on the amount of the payment. If the transaction qualifies for the Seller Protection Policy, the temporary hold will be lifted from those funds.
If the transaction does not qualify for the Seller Protection Policy, PayPal will review the Buyer Claim, including all information provided by the seller, and make a determination. In the case of a chargeback, PayPal will determine whether the chargeback can be disputed with the card-issuing bank. If PayPal disputes the chargeback, the Temporary Hold will continue until the dispute is decided by the applicable card company (Visa, MasterCard, American Express or Discover).
If the seller loses a Buyer Claim or a chargeback dispute and does not qualify for the Seller Protection Policy, the seller will owe PayPal for the amount of the reversed transaction. In the case of a chargeback, sellers who do not meet the requirements of the Seller Protection Policy will also owe a $10.00 USD chargeback fee. PayPal will seek to recover the funds from sellers by debiting their PayPal balance. If there are not sufficient funds in the seller’s PayPal balance, sellers have a choice of reimbursing PayPal by funding their PayPal account or by other means as described in the Payments (Sending, Receiving, and Withdrawals) Policy."
My credit union will take my deposits and post them as available same day under $500, within 2 days for anything drawn on a US bank, or within 10 days for anything global. However, the actual processing time (despite that with computerized systems they could process immediately), money orders and cashier's checks are not guaranteed clear for 14 days after deposit.
The reason I recommend a new, single use bank account is isolation of funds; when you give the information required for a wire transfer, you are giving the same information printed on your checks...your bank name, ACH number and account number. With the independent check printing companies, that's all it takes to have checks printed that draw on your account. Then you have to fight the bank to prove the fraud, and deal with credit bureaus and creditors to try to undo the damage. Far cheaper to use a separate bank account if anything goes wrong, and cheap insurance even if all goes well. As a business owner, I have a savings subaccount for all my ACH transactions, like IRS payroll deposits, that does not draw on the primary account and carries a zero balance until the payment is due and does not have check draw capability.
Vikki 1969 Goldenrod Yellow / black 400 convertible numbers matching
Cashiers checks are good too, EXCEPT you need to deposit and wait for it to clear...just as a personal check!
there IS a company that ships engines etc overseas , I checked on that for Micke (cant remember his fgf name now) in Sweden...shipping from Colorado...if I remember right, but he gave me the shippers name... different prices based on loading docks etc at start and end...
might check with "Forward air"...I know they truck within the country for a 'fair' price...maybe also handle overseas...
Vikki, youre right about the dispute issue when using credit cards. I don´t think it applys to direct funds transfer though. Wise thing to have a separate account for all risky business, as I always keep my VISA account close to empty, so no one can drain it with my data. The checkbook counterfeiting is not an issue over here, as we stopped using personal checks long ago, too insecure they said.
ok listen to this they will send me a 2500 money order wait till it clears he will then send his shipper to pick up the motor and the change from the money order all he wants is my info :rolleyes:
all it is a 400 67/68 motor # are536964 wz heads are 16 the motor sat for 14 years has no carb needs complete rebuild the motor ran when i took it out asking 400$ im in brooklyn ny
</font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">ok listen to this they will send me a 2500 money order wait till it clears he will then send his shipper to pick up the motor and the change from the money order all he wants is my info </font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">Sounds good, Money order could clear right away...if you take it to the right source, if not ,after it clears you can let the engine go...but all you`re giving them is your mailing address ,correct?
This is 100% absoluletly a fraud. It is one of the older internet frauds out their. No one in their right mind would send a money order for 5 times the amount you are looking for only to get the "change" back. Think about it. It just does not make any sense, UNLESS THE MONEY ORDER IS A FAKE.
Please, please do yourself a favor and do not proceed with this any further.
Tim
68' Firebird 400 convertible, numbers matching, solar red w/ deluxe parchment interior. 66' Pontiac Ventura Hardtop 66' Pontiac Catalina Convertible
In addition to the "change," the "wait until it clears" could be a problem. Where will the money order be as it clears? In your bank account?
Just because it clears in your account doesn't mean that it will be honored. I don't know how long of a window, whereby the bank must honor your balance in your account, there is, but if the money order/check/certified/cashier or whatever clears your account, then at a later date, there is a problem, the bank will deduct the amount from you account. It's in all of the fine print that you signed when you opened the account.
As Vikki said the way to ensure 100% coverage is to open an account with a different bank--you cannot use the same bank you already use because they can still scarf money from the account.
Even opening an account can bite you if there is a problem with the funds. Removing the money doesn't ensure anything other than possible criminal charges against you if there is a problem with the payment. I bee you that if you read the agreement made when opening the account, you'll discover that to take the money, run, and say sorry about that ain't gona fly.
These are finincial instutitions, and they have done their homework. Also, they carry big sticks. We are just little pi$$ants, and they'll crush us like little bugs.
My "short term account" is not intended for money orders, only for direct wire transfers that disclose account information. In that case, the account information is invalid once the money is withdrawn and the account closed.
Vikki 1969 Goldenrod Yellow / black 400 convertible numbers matching
Catalina and Vikki is right. This scheme is a known and old one. You just want the money for the part and freight, not a ton more in order to give cash back to the "buyer". SCAM!
What would happen is, the MO (let's say it's for $1,000) clears, your banks shows the deposit of $1,000, or appears to, you give them the "change" Let's say $600. Then down the road, the counterfeit MO for $1,000 is discovered, and the bank withdraws $1,000 (the $400 that is left in there for the price of the motor, and the $600 you gave back as "change".)
So your out $600 out of your pocket, and the $400 that never was... and if your "Lucky" they never did make the proper arrangements to get the motor shipped, and you might still have that?
Sell it to Fish On, he's in the US... I won't even entertain doing ANY transaction with any one outside the US unless I know them. Like Hansi, Knut, Bjorn, etc...
If it's not for the correct amount, No Deal... or anything above and beyond your asking price, just tell them that's the handling charge! Lol...
Not to beat a dead horse here...But being a banker myself..listen to these folks..they are 100% correct ...oldest one in the book. They don't want your 400...just your $$.
). I would only do it with the stipulation that the Money Order or cashiers check clears your bank account before it would ship.
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and also there some one else trying to do the samefrom uk im going to send the e mail to vikki
