From: G Shaw (milspectruck@verizon.net)
Date: Tue Nov 08 2005 - 17:07:52 PST
-----Original Message-----
From: G Shaw [mailto:milspectruck@verizon.net]
Sent: Tuesday, November 08, 2005 8:02 PM
To: 'Dick'
Cc: Military Vehicle List
Subject: RE: [MV] Protecting Yourself from Counterfit Checks
Hi Dick, That was me. In the case of a Western Union payment either using
their BillPay service which is sort or a competing product to Paypal or a
conventional transfer where you actually pick up the cash at Western Union
once the payment is made to you it can not be reversed or the amount
attached to your bank balance weeks later when the originating bank reports
the draft was stolen etc. This is unlike Paypal where they simply put a
debit on your Paypal account when a claim is filed by the payee.
Glenn
-----Original Message-----
Whoever suggested using Western Union had what I think is the best idea.
Nearly bulletproof.
Dick
----- Original Message -----
Be careful with that "hold funds thing", they may take that a different way
Done properly, I think a wire transfer can be made almost bullet proof.
From: Military Vehicles Mailing List [mailto:mil-veh@mil-veh.org] On Behalf
Of Dick
Sent: Tuesday, November 08, 2005 3:00 PM
To: Military Vehicles Mailing List
Subject: Re: [MV] Protecting Yourself from Counterfit Checks
From: "MV" <MV@dc9.tzo.com>
To: "Military Vehicles Mailing List" <mil-veh@mil-veh.org>
Sent: 08 November, 2005 11:30
Subject: Re: [MV] Protecting Yourself from Counterfit Checks
than what you mean. When I first started my business, when I deposited a
large check, and then took out money, they oftentimes put a hold on my
account for the amount of the check so that if the check bounced that I
would have to retain that much money in the account as a minimum. In one
case I deposited a $10,000 check and took out $2000 or so and they totally
locked down my account. No more withdrawals for about a week. It was
totally unexpected and was a great inconvenience.
After being in business for almost 3 years now, they no longer do that.
But they are just trying to protect number 1, "the bank".
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