marcevo1 Posted March 9, 2007 Posted March 9, 2007 ever regrete saying you'd pay by company cheque.... Cidersurfer - can you send me your paypal details? i think its a lot easier on this occasion Quote
Barry Ashcroft Posted March 9, 2007 Posted March 9, 2007 I've just instructed a solictor to sell my house and they would not take instruction untill they saw identy proof (passport) and address proof (D/Licence utility bill) Unfortunatly the trust element in this world today is dead. At work when I leave the warehouse you scan through a gate then go through a metal detector pockets emptied then get manually scanned, lift up you trouser leg to show the tops of your shoes and socks remove your belt then press a random generating button, green light of you go red light you take your shoes off Quote
Martin Keene Posted March 9, 2007 Posted March 9, 2007 I've just instructed a solictor to sell my house and they would not take instruction untill they saw identy proof (passport) and address proof (D/Licence utility bill) Ditto... I had to do exactly the same. Quote
Asterix Posted March 9, 2007 Posted March 9, 2007 not quite dead...I recently ordered something over the phone and when it arrived, the package also contained a SAE 4 me to send cheque by. Quote
nlash Posted March 9, 2007 Posted March 9, 2007 I issue company cheques all the time. No different to a personal cheque in any way whatsoever, its just that there are some things I need to buy through the company for tax reasons, so I use the business account and the associated company cheques to do this. Just accept the cheque, wait for it to clear and release the goods. End of. Quote
*Emma* Posted March 9, 2007 Posted March 9, 2007 Same thing goes for ebay Feedback.. I tend to buy something and pay instantly by paypal, yet never seem to get my +ve feedback from the seller until I have received the item and given my feedback. When I sell, I ALWAYS wait until the buyer has left me feedback. I do not think the transaction is complete until the buyer sees what they've got and are happy (hopefully!). Quote
James Posted March 9, 2007 Posted March 9, 2007 As has been mentioned here Company cheques ans bankers drafts can be recalled by the issuing bank up to six weeks after they have been presented why in this day in age I dont know as its easier than ever to see if the person has funds or not. It still suprises me that bacs payments take three day's when its electronic how does that work? Thankfully trust is not dead yet! luckily my trade runs on trust nothing more nothing less and without it we would be stuffed, yes it is becoming more dificult to trust anyone I ignore all emails from my banks and credit card company's requesting information because these days I cant tell the real from the fake so they all get ignored / deleted. I do think that the banks should take more responcebility for how long it takes funds to clear as this is the key to stoping fraud BUT the banks cant be bothered as its to easy to blame someone else and watch the mountin of acruing profit. Quote
Norman Verona Posted March 9, 2007 Posted March 9, 2007 James, I think the 4 day "clearance" scam used by the banks on EFT is about to cease. It's as much of a scam as any Nigerean email promising 20% of 10 million. What gets me though is that if I EFT money between my personal a/c and the business a/c (or vice verca) in the same bank, they still keep it for 4 days! Interesting use of cheques over here. The cheque is considered a contract (you have to state where the contract is being made on the cheque). Cheques are freely accepted as it is very rare for one to "bounce". If you enter into a contract and it's not met, and you cannot give good reason your cheque facility is withdrawn for 5 years. That's on top of the auto 100€ fine. Simple really. Quote
steve_m Posted March 9, 2007 Posted March 9, 2007 Interesting use of cheques over here. The cheque is considered a contract (you have to state where the contract is being made on the cheque). Cheques are freely accepted as it is very rare for one to "bounce". If you enter into a contract and it's not met, and you cannot give good reason your cheque facility is withdrawn for 5 years. That's on top of the auto 100€ fine. Simple really. That would be good to have here too, trouble is the Banks here can decide 2 or 3 years later that an account *may* have been used to commit fraud or the police can decide that the account owner was involved in drugs or money laundering for a duty scam and cheques can be bounced that were issued years earlier. Quote
Tubs Posted March 9, 2007 Posted March 9, 2007 Company cheques are no different to personal cheques. The service a bank offers to a company for a company account may differ to what they would offer to a personal account but that's where it ends. As has been mentioned before a cheque that appears to have cleared and your account has been credited, can still be bounced. There is no strict time limit to this, but the normal workings of the banking industry will mean that 10 working days is the normal delay. What to do depends on the value of the transaction. If you want to accept a cheque you can have the cheque 'specialed' where your bank will contact the payers bank and confirm the validity of the cheque. This will take longer, so you won't get your money after 3 working days, but it will reduce your risk. You could also accept a bankers draft, which cannot bounce, unless the bank that issues goes bankrupt, as it is drawn on the issuing bank and not the account holder. If you are concerned that the draft could be a forgery then request issuing details from the payer then phone the bank that issued it to confirm it's aunthenticity. PayPal or BACCS transfers are good alternatives. Any questions, please feel free to PM. Kind regards, Tubs Quote
Norman Verona Posted March 9, 2007 Posted March 9, 2007 Steve, the French cheques have nothing to do with money laundering. They don't seem to go to the same extent as the UK in checking the person opening an account. I walked into a local bank, filled in a form and walked out 10 minutes later with an account. I then transferred money to it (twice because HSBC staff don't seem to able to do international transfers). But I find that the UK seem to take every EU directive so seriously, like all our lives depended on it. Whereas the French (and others I'm told) go through the motions and then just carry on as before. When I came over permantly my Carte Bancaire was in an envelope awaiting me as was my cheque book. The difference is there are penalties for issuing a cheque that cannot be met, In the UK no one cares so people issue away knowing it will bounce. Quote
lukeyboy Posted March 9, 2007 Posted March 9, 2007 Can't beat used notes in a brown envelope. Delivered at midnight on a towpath under a bridge. Two cars facing each other with headlights blazing. 4 big bloke in each car, one from each walk forward and the other 3 keep watching all around them. Can you tell I'm from the East End? Well after reading that I got the closing theme, from eastenders in my head... dum dum duh duh duh duh.... You forgot the next bit Norm!! You got the goods? Ave you got the reddies? You show me the goods first!! I want to see the cash!! Ok, we'll both go at the same time! Quote
Renmure Posted March 9, 2007 Posted March 9, 2007 When I sell, I ALWAYS wait until the buyer has left me feedback. I do not think the transaction is complete until the buyer sees what they've got and are happy (hopefully!). Thats the bit that I dont really understand. Once the buyer has paid for the goods then they should get positive feedback surely. As the buyer of goods, they have fulfilled their side of the contract 100%. Quote
lukeyboy Posted March 9, 2007 Posted March 9, 2007 green light off you go red light you take your shoes off He must work in a brothel Quote
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