Paying cash vs wire transfer

[214Chevy]

Originally Posted by BMR Sales

That is probably the case but that is on him. If he can't do it legally, I would walk away.

Originally Posted by HotRod68Camaro

Agreed, i'd be long gone.

Agreed!! Bank wire's cannot be rescinded. Although, I just bought my Whipple supercharger from a company who gave me a steal of a deal if I paid thru bank wire. I guess they didn't won't to pay merchant fees, who knows. I was scared to death. So, I checked with my credit union and they said once ithe money is sent...it's sent. There's no way of getting a refund. So, I asked, "Well how I'm I protected then if I don't get my supercharger?" They told me, if fraud is committed and I don't get my product, then it's covered and I'd get my money back. But otherwise, if I just say I didn't want it and changed my mind mid way thru the transaction, that isn't covered. Don't know if all banks work that way, but that's how mine did. So, after they told me it'll be covered if fraud is committed and they didn't send my supercharger I felt 100% better and went ahead with the the purchase. Needless to say though, even with my bank's assurance and confirmation, before I purchased it, I went online, did a search of reviews and also checked with the BBB on the business and everything was fine. They had a few customer service issues, but that's not uncommon for a business to have an issue here and there from a customer. But, there was nothing I could find about them being crooks. So, I bought it and there were no issues and I got my supercharger. Transaction went great. If anyone is looking for a supercharger I highly recommend PSE Superchargers out of Oklahoma. The owner's name is Ed Martinez, a very knowledgeable guy.

[Ketzer]

Originally Posted by 214Chevelle

Needless to say though, even with my bank's assurance and confirmation, before I purchased it, I went online, did a search of reviews and also checked with the BBB on the business and everything was fine. They had a few customer service issues, but that's not uncommon for a business to have an issue here and there from a customer. But, there was nothing I could find about them being crooks. .

100% agree!!!
Anytime there's a chunk of money at stake a person should do some due diligence!! You don't have to be a web super sleuth, anyone can do a few searches and see if anything odd shows up. Search the business name and see if a related business shows up. Search the owners name and see if he is linked to anything funky. Search the address and see if it was something else before that is related.

Sometimes you can do everything right. Try your best to be careful. Still get taken.

[214Chevy]

Originally Posted by Ketzer

Sometimes you can do everything right. Try your best to be careful. Still get taken.

True Jeff and that's why after all of my detective work I was still scared as hell. Until my credit union assured me I'd get my money back if it's fraud, I was going to buy from another business that was about $300 more in price just for peace of mind. I looked at it like I'd rather spend $300 more than to be taken for the several thousand in total money lost if he rips me off.