Hi,
I have seen people getting scammed multiple times when selling an item on gumtree. The buyer probably sends the transfer receipt after picking up the item. But I think they dispute the transaction with the bank and get their money back. While the seller losses money and items as well.
Well, I am wondering are there any drawbacks for using cash only e.g. no tax deduction etc.
Also, my main question is would you use a service that provides a safe option for sellers and keeps the money from buyers so they cant cheat and vice versa?
Service charges $2 per transaction irrespective of the transaction amount.
Thanks.
Note:
The business is in compliance with ASIC and other regulatory authorities in Australia.
Gumtree = cash on collection only. You don't post items, you don't get paid via any online mechanism. Cash on collection.
Only drawback is if you get fake notes. Highly unlikely with the plastic notes nowadays.
No, not interested in dealing with a third party middleman for payments. Cash on collection.