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Scams Selling Your Vincent Beware
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<blockquote data-quote="Gary Gittleson" data-source="post: 179574" data-attributes="member: 3625"><p>Never heard of this. In the US, checks can't be recalled unless some sort of fraud on the part of the payee has been proven. There is a short period of a few days during which the check needs to clear. Depending on the type of check (government, "cashier", "certified", personal etc.) that can be from one to maybe 4 or 5 days. After that, it can't be reversed. The laws here are different, I suppose.</p><p></p><p>The common scam with checks (cheques) known here is similar but different. A "buyer" sends a check for more than the agreed-upon amount. The seller deposits or cashes the check and sends the item along with a refund for the "over payment" . A few days later, the seller's account is debited the check's amount because the check bounced or is fraudulent. The seller is then also charged a "service fee" by the bank. So the "seller" is out the amount of the check, plus the "over payment", plus the fee. But still, this won't happen two years later from what I know. In fact, I sort of doubt it happens in any advanced country. If it did, how could normal business proceed? No one would ever trust checks.</p></blockquote><p></p>
[QUOTE="Gary Gittleson, post: 179574, member: 3625"] Never heard of this. In the US, checks can't be recalled unless some sort of fraud on the part of the payee has been proven. There is a short period of a few days during which the check needs to clear. Depending on the type of check (government, "cashier", "certified", personal etc.) that can be from one to maybe 4 or 5 days. After that, it can't be reversed. The laws here are different, I suppose. The common scam with checks (cheques) known here is similar but different. A "buyer" sends a check for more than the agreed-upon amount. The seller deposits or cashes the check and sends the item along with a refund for the "over payment" . A few days later, the seller's account is debited the check's amount because the check bounced or is fraudulent. The seller is then also charged a "service fee" by the bank. So the "seller" is out the amount of the check, plus the "over payment", plus the fee. But still, this won't happen two years later from what I know. In fact, I sort of doubt it happens in any advanced country. If it did, how could normal business proceed? No one would ever trust checks. [/QUOTE]
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