i sold an item from ebay and i only eccept money orders and personal check but if i recieve a personal check?

Question

1)how long will it take to be cleared? 2)when i recieve it and than i cash it does that mean its cleared and i dont have to worry about it anymore? i dont get this whole thing can someone please explain.

and 1 more thing i dont accept paypal or credit cards because i hear some herror storys about them,go see for yourself
www.paypalsucks.com
www.paypalwarning.com and theres alot where that came from.

is this the same as the money orders? can they still fake it and then it will bounce back to my bank acount?

Answer 1

Talk to your bank. Just because they have cashed the check, or made the funds available to you, it doesn't guarantee that the check is good. If it later bounces or turns out to be fraudulent in some way, they'll charge your account back for the amount.

Answer 2

Yes money orders can be faked too.

I was really leery of Paypal because I'd read of all the hassles and everything, but after talking to a number of people who use it, and after reading all the rules on the Paypal site, and KNOWING it's not a bank so you shouldn't leave money sit in it without transfering to your own account at your bank - I gave it a try.

It works fine for 98% of people. I haven't had any trouble in using it in 3 years, and I've got the smallest, free account that they carry there. It's gotten me sales I couldn't normally have gotten (international payments) and I've been very happy with it.