Selling Question Money Orders

TWalker

If a sale falls through and I need to refund a buyer's money, do I return his original Money Order or do I deposit it and send him a new one?
Thanks!

Anonymouse

If you already have payment, how does the sale fall through?

TWalker

Failure to provide FFL information; Attempt to purchase an item prohibited in his State.

clays

Since the MO is made out to you he cannot cash it. You will have to cash it, and send a check made out to him.

Anonymouse

quote:Originally posted by TWalker
Failure to provide FFL information; Attempt to purchase an item prohibited in his State.


That is his problem. He screwed up. I would just send the money order back and let him figure out how to get his money.

oneoldsap

I send them back what they sent me ! They can return it to where they bought it , and get their money back ! You are going to still have to pay the auction fee though !

NOAH

i would cash it and return 85% of the total[}:)][:(!]

tsr1965

I would deposit it, and writ them a check for that amount, less auction fees, and restocking fee's, if you had it described in your auction, to make sure it was legal in his state, before bidding.

Best

Horse Plains Drifter

quote:Originally posted by NOAH
i would cash it and return 85% of the total[}:)][:(!]



quote:tsr1965 Posted

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I would deposit it, and writ them a check for that amount, less auction fees, and restocking fee's, if you had it described in your auction, to make sure it was legal in his state, before bidding.

Yep, and yep.

rsnyder55

I would also make sure the the check/money order cleared. Even though they say not, they can be stopped.

goodgunparts

Depends on a few things. First what is your return policy in your listing? that will determin if you keep any of the $.

Next what type of money order is it? May not make much difference here. If it is a US Postal money order all they have to do is take it in with there receipt and get there money back minus what ever they paid for the money order. I recall that banks will also return the $ to the original purchaser, however that was many years or decades ago and I may not remember correct or times may have changed.

Last, make sure the money order is good before you send any $ back. There are counterfeit money orders out there. Never had one when I was selling on that other auction site. If it is small enough and a US Postal money order you can go cash it at the post office (if it is made out to you personally). Otherwise deposit it and call your bank in a week to make sure it cleared. You may also be able to call the bank that issued it and see if it is real. If it is a US Postal money order or one by some other big entity you may not be able to check. It may take some googling to find a contact number if there is not one on the order. I know from past experience of a few years ago the Post Office had no way to verify a valid money order they sold. Odd as they should have had a record of the sale and been able to track the number of the money order.

Next listing make sure you have clear terms of sale. Will make it easier for you if you ever have a similar problem again.