How do buyer and seller handle the payment for the item that is sold?
– This is completely up to the buyer and seller. Several payment methods are cash, check, money order, Western Union transfer or credit card. A money order is one of the safest methods because payment on it cannot be stopped as it can with a personal check. A bank cashier’s check is almost as safe. Western Union is very safe, but there are higher processing fees. COD shipping by the U.S. Postal Service ( $5.50) and UPS ($3.50 and up depending on amount collected) insure that you will get your money for an item sold (specify cash or a money order).
Related Questions
- What happens if the Buyer places a Hold Payment on a Transaction and the Seller is unable to provide proof of delivery?
- What happens if the Buyer places a Hold Payment on a Transaction and the Seller provides proof-of-delivery?
- How does a Buyer know if the Seller really has title to the property being sold?
