Archived posting to the Leica Users Group, 2002/08/01
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]I have been selling to US for several years. Even for cashier's checks issued by US banks, they are usually held by my banks for up to eight weeks before my accounts are credited. In most cases I don't get paid until my banks have been paid, although I do not believe it takes eight weeks for them to be paid. Joseph on 1/8/02 4:17 am, Tim Atherton at timatherton@theedge.ca wrote: > 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 - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html