Accepting payment for sold van

[LMH]

Just an enquiry, if you have a van for sale, someone comes out, a price is agreed, how do you accept payment? I've often thought about that, cash could be counterfeit, cheques and bankers drafts could be dodgy.

Lisa

 

[Parksy]

Don't tell me - you've sold your caravan to somebody at Appleby!
When I've sold caravans they were for cash but the caravans at the time were not that good. I got the o/h to write down the reg number of the towing vehicle and she checked the wonga while I kept the guy talking outside.
There were no fantastic sums involved on both occasions and there was no cause to worry, the pavee handshake was his word

 

[mucky pup]

If you both have online banking, do by bank transfer and then you know the amount is in your account. It will be a max of 1 day to show and if you both use the same bank it will show immediately the transaction is made.

 

[Surfer]

A payment by BACs can still be recalled. We sold our caravan for cash they paid £9950 in cash. Took a bit of counting but was okay. Another caravan we sold was also cash for £4950 paid for in Scottish bank notes. No issues with either. Don't trust bank drafts as they cna be cancelled.

 

[LMH]

Thanks for the replies, no, don't worry Parksy, a two berth is not sufficient for the average Gypsy family.

I thought BACS could not be recalled. If I transfer funds from one account to the other (online, two different banks), it says 'this transaction cannot be recalled'.

I think the idea of doing an online transfer is quite good. I wouldn't fancy counting loads of cash, particularly as I'm rubbish at that sort of thing, my job is to spend it, not count it.

Lisa

 

[sheila_374397204]

Cheque or bankers draft but don't let van go until either/or have cleared.

 

[GeorgeandAde]

When we sold our Ace a few years ago,I stipulated on the advert that I would accept cash on collection only and the buyer would have to accompany me to my local bank to have the cashier check and pay the money into my account.
I apologised for this procedure,but if they we not happy with this arrangement,please do not bid.
The couple who bought it were very happy to do this and understood completly with my method.
Adrian