How long do you wait for a check to clear


Hello, I'm selling some equipment for several thousand dollars. I told the buyer that I would take a personal check and send the equipment after it clears. My bank said that they couldn't tell me when it cleared, only if it was returned. They said that in most cases it should be ok in 10 business days. I'm not sure when to ship the equipment Does anyone have any experience with this? Help!!
bwos

Showing 1 response by roundmoundofsound

I only accept paypal from verified address and USPS money orders as I was told by my local banks that they were the safest. But about 3 weeks ago, my shipping center that ships UPS/FedEx for me said there have been some counterfeit USPS money orders surfacing. With the hologram and watermark, I thought that would be impossible, but if someone is smart enough to create a "foolproof" way to avoid counterfeiting, there is also someone smart enough to create the fake. Feedback is still the best way to judge someone. I'm lucky...over 600 transactions on Ebay & Audiogon and I was only burned once when seller never sent the cd box set and I paid by money order. From that time I only paid by paypal.