Pelican Parts Forums - Shipping Benjamins across te boarder

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All soluble material has been solidified

Quote:

Originally Posted by afterburn 549 (Post 11488327)

I need some expert advice -
We have tentatively sold a piece of equipment here to a norther across-the-border customer.
We had no intention of a northern neighbor buying, never pinged our radar etc etc.
Now we have agreed for a myriad of reasons as he fits the buyer beware better than the last couple of applicants.
How does he get cash here?
That's the crux of the question.

I look forward to the brain trust for an artsy way of assembling this equation.
Thanx

Depending on the equipment, he gives money to a import/export agent and they give you your full price in cash when they pick it up.

I don't understand the question? Are you asking how a Canadian brings cash into the US?

In his pocket. There's no limit to LEGAL cash transactions.

Or he prepays, you release the equipment when payment clears.

Yea, the banking system is the obvious choice. The transactions are all recorded, taxes will have to be paid and the IRS is happy. There are "escrow" services out there for large purchases. When we bought our airplane both parties signed a sales contract, and we sent a large down payment to the escrow company. Then the escrow company dealt with our bank and the seller. We had to send more money to initiate the actual sale, and the escrow company sent us a digital version of the registration, and the original title eventually showed up in the mail. We did not buy international, just across state lines. The seller flew it down to our hangar and we told the escrow company to release the final funds.

The obvious way is a wire transfer. These days you need to do a verbal verification on both ends - no emails - to confirm. Emails can be viewed by third parties, even if they don’t have a virus on your C drive, so never confirm wire instructions by email. Use fax if you need a paper copy. Faxes can’t be viewed or intercepted by third parties, so they’re secure for issuing wire transfer instructions.

A certified check is the second most obvious way. You send it to the bank by courier and have it deposited. As with wires, you confirm in person. Obviously your bank contacts the other bank and confirms the check is legit and the account is legal. If you do that there’s no risk to you. The bank is at risk if they make a mistake and the buyer is at risk for you not shipping, but that’s not an issue.

He could have a courier deliver cash to your office. There’s no prohibition on cash transfers. He just needs to fill out the proper paperwork.

He could have his bank write a letter of credit. Old school, but it would do what you want done.

Quote:

Originally Posted by KC911 (Post 11488380)

I personally would not be able to detect a counterfeit check of any type these days. Don't find out the "hard way" days or weeks later and you are simply SOL, no $$$ and no recourse.... jmho.

I would take the purchaser to my bank with the travellers cheques and have him cash them and hand me the cash. I certainly wouldn't take the cheques countersigned and try to deposit them on my own.

I see the no paper trail part of this... That makes things a bit more difficult!

What the hell are you selling that is "likely to cause injury "?

Sounds like he owes something to someones boarder.

If ya don't want a paper trail... use rolls of quarters :D

Bitcoins are good for that sort of thing. I believe.