Paying with a cashiers check? Need advice!


So I have a deal set up for a new to me pre here on Audiogon. The issue is the seller only wants to excepts a certified bank check. I have never paid this way before and I am a bit nervous. He says all the right things almost to much honestly. He does on the other hand have fifty some positive reviews and I talked to him on the phone as well. Which is when I got a bit more suspicious after he offered me a deal on a disk player at below half market value. He seems genuinely nice but I’m sure the best scammers do. Is there any way to get extra insurance that everything is legit? And would you guys be ok with it being he has 50 positive reviews over nearly 20 year span?  Looking forward to people thought. And thanks. 
Ag insider logo xs@2xbrylandgoodman
How much money are we talking about?
Not sure if it makes a difference either but he doesn’t have any recent feedback for the past few years.  Lots prior though over a long period of time. 
I would pass.
A safer deal will come along soon.
The seller most likely does not want to pay the paypal fee. I would not send him a check no matter what his feedback is!
Wow, you guys definitely aren’t making me feel like it’s the best idea. Interested to hear from more folks but not looking good. 
I offered to cover PayPal fees. He says he is old school and only wants to do a certified check. Says he doesn’t even have an account on PayPal. 
Am I really protected it I can convince him to accept PayPal? 
You have the sellers phone number, name and address.  If he "breaks bad" he has a lot to lose reputation wise online or other for $2k...
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If he doesn’t have an account how will he accept PayPal? Let it go!
I think I’m more concerned that he is who he says he is. But I could be crazy. Just know there are all kinds out there, and I’m nervous to drop 2k in the mail just on faith. But I do really want the preamp and the price is a bit below normal. Plus I impulsively already made him a official offer, if that really matters. I guess it does to me, but still nervous. 
Lots of nice people go bad in the end. Don't do it. 
It almost sounds like you're trying to convince us to tell you it's okay. 

All the best,
Nonoise
He would have to create an account I suppose. 
Don’t do it. I don’t think any legitimate A-goN user would have 50+ transactions and has not accepted PayPal. Read the feedback. If there is no mention of "he doesn’t accept PayPal" or "he required a cashier’s check", then there is your answer. Buyers would have at least mentioned it in feedback IMHO.

Move on. You are likely being scammed.
Pass.

Have sold some stuff here and on US AM and would never make a buyer do something that they were not comfortable with.


Tell him you’ll send the check after you receive the preamp and see that it works.
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Bummer, but very glad you guys are available with sound advice. Would be bit of a nightmare if he scammed me. Am I kinda screwed as far as him being able to give me a bad review since I made him an offer accepting his terms? If so it’s better than being scammed I suppose.  And is there any truly safe way to deal with him if he is willing to accept payment differently. If there was I would like to give him the option I think. 
What preamp? Make and model?
He can't give you a bad review since the sale was never done!
Anyone got one they want to sell for a bit over 2k? Lol 
Something doesn’t add up.

The only McIntosh C46 offered recently on Audiogon was listed on 2/13 and is marked Sold. Seller stated payment accepted via Escrow.com (yet in the listing he states certified check only).

https://www.audiogon.com/listings/lisa8bfd-mcintosh-c-46-solid-state?refsource=hifishark

So glad I asked you guys. Thanks so much for all your guys help. 
Most of us have been there. "If a deal seems too good to be true..."
Seller may be just fine and simply have his own ways. However, you obviously do not feel right about it so you should pass. How to deal with the promise you would buy and then walking away from it is a different question.
Tell him you will honor his stated payment method of Escrow.com.

If he declines, then report him for reneging on the terms of his listing.
Agreed that is the biggest bummer in the end. I do take my word serious but I’m not rich enough to take the risk just for my honor. The most I can think to do is offer to pay for his listing fee. 
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If he’s old school he should take a personal and ship when it clears. If that is not good for both of you pass.
If he doesn't poeesess the chops to get a PayPal acct. he will have to get out of the selling biz sooner not later. Has this time victim even heard of Zelle?
Maybe no bank account either.

Don’t worry about his listing fee. Since the transaction was not complete he will get to relist it at no charge. Been there done that!
Asking for a cashier's check is a legitimate request. However, if that was not specified in the original ad, you have a legitimate right to back out if you're not comfortable with it. 
Definitely a hard pass. Too much negativity surrounding this one.
If you are not comfortable why do it. Pay Him half and send the rest when you receive the preamp. It’s risky to do cashiers check.This might work.
150 sales, he should have an account on more than one message board. Communicating that way would be another step in the process. 
Seems legit if the sales were recent. My biggest concern is someone else is using the account after it was left behind for whatever reason. 
Good luck


It says (Escrow dot com )on the ad you  perhaps he wants the cashiers check to be put in the Escrow account. 

The steps for using Escrow.com are outlined below:
  1. Buyer and Seller agree to terms
  2. The details of the transaction are added to Escrow.com
  3. Buyer pays Escrow.com
  4. Escrow.com verifies the payment; the Seller is notified that funds have been secured.
  5. Seller ships merchandise to Buyer
  6. Buyer accepts merchandise
  7. Escrow.com pays the Seller
  8. Escrow.com releases funds to the Seller once all parties are satisfied


Well, he has more feedback than the buyer has. Also lists escrow.com as another  payment option.
Dill:

Lists PapPal on his other listing.

DeKay
OK, now that we have the details, the payment method is listed as Escrow.com. The seller needs to agree with the terms of Escrow.com. If he insists on a cashier's check sent directly to him, move along.
He’s probably legit but I would pass. Btw, there’s lots of fake cashiers checks as well. The kicker is that it takes 10 days for you to find out. If you ever receive a cashiers check for anything, wait 10 business days before shipping merch. 
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You are right DeKay, however he says he doesn't want to ship and wants cash in his back & forth with Mike.
Most people are honest, have faith in humanity. He's ok. Think how clean your hands will be from all the wringing they'll do waiting to see if ya got ripped off.  LOL
A cashiers check is the same as cash.   Don’t do it.  
Cashiers check means you covered the check no matter what.....no guarantee of anything.
Nearly $2 billion in consumer fraud per year in the US.

I sold a McIntosh amp to a guy by cashiers check more than 15 years ago. Today I marvel at the risk that guy took and how his nerves must have been waiting on it. He just sent that check out into the ether. I would never take that risk, personally. There is way too much used audio gear to be had to screw around with anything less than the safest methods. 
I followed the link in tvad's post.  The seller says this "Certified bank check only. Pick up cash only and save shipping costs from Lambertville, MI. Will also meet up to 50 miles for a safe transfer."  (I don't see anything about Escrow.com but perhaps tvad saw more than I do.)  When you agreed to the sale I think you agreed to the terms.  If you are uncomfortable with the terms now the first thing you should do is ask Audiogon: What will Audiogon do if you back out?  What will Audiogon do if the item never appears or doesn't work properly? 

I would _never_ buy an item online with a cashier's check. The service PayPal provides is not just transferring money; it is providing some insurance to the buyer: if the item never arrives the buyer can file a claim with PayPal.  The seller may think PalPal is a nuisance - because it is a nuisance for the buyer - but it is not a nuisance for the seller.

BTW: A cashier' check and a certified check are not quite the same thing.  For a cashier's check you give the bank the money and they write a check from _their_ account.  Fora certified check, you write a check on your account and the bank sequesters the amount from your account but doesn't take it out until the check is cashed.