Tomorrow I'm going to be listing a vehicle for my great aunt and uncle on eBay Motors. It'* a 1998 F-150 with low mileage and in good condition. I anticipate it to sell at about $5,500 (at least that'* what the reserve will be).
I've never sold anything big like this on eBay. I've sold junky cars, but for cash only. What forms of payment are best for a big sale like this? I won't accept personal checks, obviously. PayPal is an option, but the fees would be killer. So, what'* left? Cashier'* check or cash? I'd hate to get burned on this...but I want to be an accomodating seller to the potential buyer'* financial situation.
I would say money order or cash. A non-refundable deposit of $500 via paypal or money order within 3 days is a good idea also. That way you cover your fees should they flake out later. You could also see about a bank transfer, but that'* more tricky. I'd say cash or moneyorder for the balance on pickup.