Originally posted by Torque1st
Of course maybe we should hold even a cashier's check for 10 days b4 honoring it. Do postal money orders work any better?
When I sell things on eBay, I hold both cashier's checks/money orders and personal checks for 14 business days (that's 3 regular weeks, it seems there is always 1 holiday in there to make it even) on order to make absolutely sure it clears before I ship.
USPS Money orders are better, as you just go to the PO and show your ID and they hand you cash. As you have no account there, they can't automatically debit your account as can the bank in the event fraud is later discovered on the other person's end.