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I have someone who wants to travel from England toN.ireland to purchase my caravan. They want to come over next Sunday purchase and go home on Monday. What is the best option for me to get my money on the Sunday other than cash.

I would prefer the money in my account for Sunday but can understand them not wanting to pay the full amount prior to even viewing the van. Any one had any experience of doing a deal like this.

Is a bankers draft a secure way to take payment?

Help

Paul

Quote: Originally posted by Tentz on 20/6/2010

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Difficult one this. Weekdays, best way is bank transfer his bank to your bank & both go to your bank to check all is in order. Bankers' drafts can of course be forged & again you & buyer need to take it to your bank together.

For selling on a Sunday, the best form of finance is cash. Unsual for a buyer to come from England to NI, its usually 'tother way round.

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I must be selling it too cheap if they are wanting to come over here for it! I'm throwing everything in on the deal too so they are getting at a good price.

Thanks for the advice, I think i'm going to go for cash or they come on a week day and we both go to the bank together. Not taking any chances.

Paul

Quote: Originally posted by millermicm on 20/6/2010

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If you go for cash you can buy a note checker for very little. They are on ebay and you must presumably be able to buy them locally. They can be UV based or marker pen. Less than a tenner!

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Quote: Originally posted by jasie on 21/6/2010

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cash is the best in your situation

you can do "faster payments" with some banks, but there are limits to this. Some banks have a £1000 limit and anything over is not instant and same as writing a cheque. if using this method you will need to check the limtis with both sending and your receiving bank.

a bankers draft is no differnt to a hand written cheque it is basically being drawn from the Banks own account rather than the customers own account (i.e. the customer has given his money to the bank to put in the banks own account)

bankers draft are no more secure than you or me writing a cheque out contrary to popular belief. and yes these are a lot of fraudulant copies out there.

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We pick our new van up tomorow and are paying by debit card, i payed for my car by debit card and the money came out straight away. not sure it goes into the sellers account straight away, i would think it did.