Need advice. Want to sell an item, but don't want to be mugged doing it. How can I ensure the person actually turns up. Also is an agreed price on FBM if agreed to on your terms a legally binding order for purchase that the buyer must them complete.
Best way to do a $10k sale on FBM with cash only. I am the seller
Melb69 on 26/09/2020 - 15:01
Last edited 26/09/2020 - 15:12
Last edited 26/09/2020 - 15:12
Comments
Banks aren't open in Vic I don't think. Also can you actually get that amount out of the ATM in one day.
Banks are essential and as such are open
This is the way to go. The buyer can do a transfer at the teller with you with them, the teller can confirm they have the cash to do it.
Could ask for a bank cheque which will lessen chances of mugging.
So you want someone to meet a stranger (you) with $10,000 cash in their pocket!
Why not just do a transfer between Bank accounts using Osko?
Osko is located within your online banking and backed by BPAY so you know that it’s safe.I think there's a risk it could bounce. But I may just be thinking of the buyer cashing a bad cheque and then transferring
Osko is cash payments between Bank Accounts with transfers taking place within one minute. No chance of a 'bounce', if there isn't enough money in the sending Account, then the transfer just doesn't happen.
Osko is limited to $1000 per day
I think it depends on the Bank, some Banks allow up to $30,000 per day!
You are correct (seems to be my bank that is limited to $1000)
looking around though seems of the banks offering OSKO most have a $1000 limit some go as high as $2000 for instant paymemts.
Going through the list on the Osko website i have not found a bank offering over $2000 yetI have 3 active accounts with OSKO enabled banks
all three have $1000 limits hence my reasoning here
its a Fb sale, so don't want to get shafted.
Bank cheque
Schedule the exchange/meet up at a police station.
How can I ensure the person actually turns up.
You can't, unless you ask for a small deposit first or something.
Also is an agreed price on FBM if agreed to on your terms a legally binding order for purchase that the buyer must them complete.
Contracts can be verbal, but it doesn't matter unless you're willing to take the person to court.
Do it at a bank branch