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Payment by Money Order

by: gudseeds( 150Feedback score is 100 to 499)
2 out of 2 people found this guide helpful.
Guide viewed: 173 times Tags: Cheque | Checks | Money Order | Selling | Payments


I recently Sold an item and was sent a Money Order for the correct amount. A "Big Mistake" I had made.. was my Shipping Address was listed under my E-Bay User Name. When I took the M.O. to the bank, they 'Would Not Cash It' as I did not have an account under that name! I then took it to the Issuing Bank(as they already had the money when it was purchased) Same Thing there.. I needed to open up a 'Business Account' under that name! My own bank wanted $50 per month in Service Charges for a Business Account.. and I dont Sell that much on E-Bay to cover that! I was lucky enough that the Buyer agreed that if I send it back to him, he would get it re-issued in my personal name. My advice.. have your Shipping Info in "Your Personal Name" not your E-Bay User Name and avoid my mistake!

Guide ID: 10000000004070592Guide created: 07/29/07 (updated 07/29/07)

 
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