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?
I’m sure there are drug dealers and strippers with PayPal, checks, credit cards, etc. Cash too. We could drive ourselves crazy wondering where the money ‘came from’ to pay us for both goods and services. Im in the design/build business. Never ceases to amaze how many builders and contractors/subcontractors love cash. Many dislike having to fill-out 1099’s. I usually ask for a check regardless. |
One way might be to: Do the transaction during the business day at a bank-- yours if possible, and see if the bank will verify the legitimacy of the currency being used before you hand over the amp. (You can have that done discretely by having the buyer’s employee hand the cash to a bank employee for counting, without necessarily mentioning the verification part). I would talk with your bank before you suggest that though, to make sure they can do this. |
+1 @dill Its hard to believe how conditioned we have become as a society. The govt would love us all to make every transaction w/o cash and instead use traceable pmt like a credit card, or a check. Cash is generally not traceable. Although there is a $10k limit which the bank must report anything over that. Recently I heard they were trying to lower the amount to something like $600 instead. I'd accept the cash in a heartbeat. But get the pens and check the bills. @bkeske it's not just builders. I am a retired builder. I've had several people pay me with cash, most often large sums. Some yrs back, one lady gave me $10k in cash. That was a somewhat nervous rider to the bank with doors locked |
""yah, an employee of mine just so happens to be in your area and also happens to have a huge wad of cash with him... and he has nothing better to do, but to spend his time tracking you down to buy something that''s not even for him". That is not what the OP said. Geezzz what a bunch of paranoid people, nobody other than the OP knows the amount of money that is involved. |
