Would you sell for cash?


I just got an offer for my amp from a buyer on US Audio Mart and he wants to pay cash. He lives five hours away but has an employee in my town, which is a suburb of a larger metro area. He offered to have his employee pick up the amp and pay cash. The buyer has been on US Audio Mart for 8 months and has no feedback, which is not unusual. 

I guess the cash part makes me uncomfortable but maybe this is not so uncommon? So wondering if many accept cash with local pickups and has anyone had a problem.  Seems like PayPal or Venmo would be preferable. I guess I can see someone with a business drawing petty cash out for personal use. Just not sure about the whole story. Thoughts?

treebeard1

In my region, Long Island, NY, there has been a rash of counterfeit bills going around. So, I would be a bit hesitant. 

If you can persuade them to send funds via Paypal or Venmo, or Wire, it would probably be safer. Given that the buyer has no feedback also makes me more cautious.

Can you Google his business and see if he actually owns it?

Or, perhaps you can request a reference? I did this many times when I was buying watches.

Bob

If it is real cash, what is the problem?

I would suggest they sign a receipt of purchase, receipt, and acceptance per your conditions of sale spelled out in your ad, if any. With their name, address, etc. on the receipt.

But really, it’s cash, so they have little recourse should they change their mind as long as your ad stipulated conditions of the sale. They would have more recourse using a service like PayPal. Who cares where the money is coming from, that isn’t your problem.

Personally, I don’t like dealing with cash.

Tell him the swap will take place at the Local PD. See what happens..

An officer might even do a stand by. Depends on the amount of money..

I've exchanged 10k in the police parking lot they had nothing going on and did a stand by.. I just explained my concern, no issue at all.

Regards

Cash is king, I sell all the time on Craigslist, never a problem. Buy yourself a counterfeit pen and do the cash deal.