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. 
brylandgoodman

Showing 1 response by bigkidz

A Bank check is automatically debited from your bank account by the teller so the bank has no liability in the transaction once you walk away with the check.  Your account is debited period.  You can only place a stop payment on the check usually after 90 days.  So basically you can pay him instead through PayPal as a family or friend to avoid the fees as it should also be debited out of your bank account if you select that option.  I am not sure why he won't accept PayPal that way.

Using the Escrow is an option that I would present to the seller.  I believe you both need to register an account for this transaction.

Is there a local dealer in his area that you can call and pay a few dollars for where he can drop off the unit, get it inspected and shipped to you once you  pay the dealer his cut plus shipping costs and then the  dealer can hand the bank check to the seller?

IMO there is never only one special deal on something you may have to wait but they will come back up.

If you are so hesitant to do this then just pass on it.

Happy Listening.