[TR] Overseas TR Sale

[Dave]

just remember, if they have enough info to make a deposit, they have enough 
info to remove money.  set up a separate account for this.

-----Original Message----- 
From: Alan Myers
Sent: Wednesday, December 04, 2013 2:44 PM
To: triumphs at autox.team.net
Subject: Re: [TR] Overseas TR Sale

Hi Bill,

You might want to look into an escrow service. Just be sure it's a good one
with a solid track record. An escrow service accepts the buyer's money and
holds it until the seller ships the item, the buyer has received and 
inspected
it to their satisfaction, at which time they release the money to the 
seller.
It's a safer transaction for all involved. Ask around for recommendations of
one to handle international transactions.

Beware! Last time I checked, cashier checks and money orders can be
particularly risky internationally... They can take up to a month to clear
(usually clear in a few days when drawn on a local bank) so fakes are often
used in scams... You don't find out the int'l cashiers check or money order 
is
no good until weeks after you have shipped the item. Then you are out both 
the
car (or whatever you sold) and the cost of shipping as your bank will deduct
from your account. There is virtually no recourse because the scammers move 
on
quickly with new identities. This scam especially targets high ticket items
such as automobiles on Craigslist. Beware particularly of "buyers" who send 
a
check or money order for more than the originally agreed sale price and
shipping costs, and ask you to refund any remainder. They are trying to get
some of your money, too, on top of everything else.

If handled directly (not thru an escrow service), I'd recommend a wire
transfer instead.... as the funds are immediately moved into your account 
and
your bank can verify quickly for you. Wire transfer might be called 
something
else internationally. There are several terms for it here in the U.S., too.
This method protects you, but not the buyer.

You might check with your bank. It's possible that they can suggest 
something
even better. At the very least will have the latest info (my info is some
years out of date!)

If a would-be buyer won't agree to an escrow or direct wire transfer or some
other means your bank recommends, run away quickly!


Alan Myers
San Jose, Calif.
amfoto1 at aol.com
'62 TR4 CT17602L