I see it a bit differently. Using Pay Pal or credit card provides almost no protection to the seller as the buyer can state any reason and Pay Pal or Credit card will side with him. So I routinely buy and sell big ticket ($5000 to $50,000) items via Bank wire transfer (which is as cash except if you prove fraud). and I save Pay Pal transactions as a seller to where I can afford the loss, such as under $2,000 with people with great feedback history. When I am the buyer via bank wire transfer I deal only with major companies or buyers with impeccable current feedback. And I always talk to the person and have a good feel either as buyer or seller before transacting.
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.