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Kijiji : high valued object for sale, what is a safe way to do this?

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  • May 16th, 2018 7:14 pm
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Sep 3, 2006
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Montreal

Kijiji : high valued object for sale, what is a safe way to do this?

My girlfriend wants to sell a sewing & embroidery Brother machine for 4000$. She posted it on kijiji. What is a safe way to do such a big transaction?

Should she request hand to hand cash and that's it or go an extra step and do something else?
21 replies
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Jan 15, 2013
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Cash is always good. Funds to your bank account via etransfer is also safe if you're not comfortable with that much cash.
Sr. Member
Nov 29, 2017
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Etransfer... counting and checking that much cash may be tedious

Also you can ask for a 10% deposit to ensure the buyer shows up
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Jun 3, 2005
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Omakase wrote:
May 16th, 2018 8:49 am
Etransfer... counting and checking that much cash may be tedious...
You forgot about Kijiji buyer tactics. They'll probably only end up getting 'best offer right now' $2000. Meaning they'll just have to count to 20. How hard is it to count out 20 $100 bills?

Once you're into the $4-$6K mark, then I start considering if counting that much cash with a stranger can be done a tad more securely.
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Mar 9, 2007
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Do this transaction at a police station.

WOULD SOMEBODY THINK OF THE CHILDREN!!!
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Oct 1, 2011
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If you both bank at the same bank, maybe meet at a branch and have funds moved over to each other's accounts.

I've done this at a TD.
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Sep 19, 2005
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sandav wrote:
May 16th, 2018 8:43 am
Cash is always good. Funds to your bank account via etransfer is also safe if you're not comfortable with that much cash.
Interac e-transfer limits are often restricted to $2000 or $3000 per day, so it might not be possible for the customer to send an electronic transfer for the full amount.
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retrothing wrote:
May 16th, 2018 9:30 am
Interac e-transfer limits are often restricted to $2000 or $3000 per day, so it might not be possible for the customer to send an electronic transfer for the full amount.
Yes, that's correct. Forgot about that.
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Jan 16, 2008
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depending on the size of the machine....
would do the transaction at the bank to validate bills....
plus...there are cameras there too
Sr. Member
Mar 14, 2006
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or certified cheque or bank draft...tell them you want to meet at the bank to confirm that is is legit...we did that when we sold our car..confirm with the CS rep that it was real transaction...
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Can withdraw more cash from teller. It's just the ATM that has a limit. Not sure what the max is (really depends on history with bank & account status) but you CAN definitely call your bank to approve a larger daily max.
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If I was the buyer, I would want to try the machine to see how well it works. Especially if I am going to pay $4000.

Perhaps selling through ebay would be a better option.
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Jul 22, 2004
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At that price point, you're into "car money" territory.
What payment methods would you accept for a car?

I would ask for a cashier's cheque (cost only a few bucks for the buyer) or cash. It's not that hard to count bills, just stack them in piles of 100$ or 1000$ and make sure you have enough piles.
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Feb 11, 2018
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Smiley22 wrote:
May 16th, 2018 9:34 am
or certified cheque or bank draft...tell them you want to meet at the bank to confirm that is is legit...we did that when we sold our car..confirm with the CS rep that it was real transaction...
Fake certified cheque/bank draft have been used before by scammers. Cash is the only way for me.
Paying less is only half the equation. The other half is buying less... ;)
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Mar 14, 2006
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TomLafinsky wrote:
May 16th, 2018 10:57 am
Fake certified cheque/bank draft have been used before by scammers. Cash is the only way for me.
That is why I said go the the branch where the draft/cheque was drawn to verify with the validity of the item.

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