Archived posting to the Leica Users Group, 2002/07/31
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]I often buy and sell photo stuff on Ebay and came across an interesting situation yesterday. I had sold a lens and got payment in $US in the form of a Bank cashiers cheque. I have always accepted payment in this form or a Bank Money order and have ahd no problem paying them into my Canadian bank (same with regular cheques from clients like the NY Times etc). At most, the bank put a 3-5 day hold on the cheque, though as a valued customer this was usually waived. Yesterday I found there is a 14 day hold on all such transactions - reason given - the uncertain and untrustworthy standing of US financial instituions as a result of Enron, Worldcom, Johnson & Johnson, now AOL- Time Warner etc. Wow - never thought this stuff would impact my Ebay sales.... Tim - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html