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E-check vs Paper check ??
1630Boston
Posts: 14,157 ✭✭✭✭✭
I've always sent paper check [usually bank check] when purchasing bullion. Now they say I'm approved for E-check.
Is is less safe, more safe ?
IDK
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Bad transactions with : nobody to date
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I've used E-Check a few times. Same info as on the check so I can't see any difference if sent from a secure site. Saves a few days for delivery.
I think it is safe.
it will cut down on your wait time.
Best place to buy !
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Probably safe, I still prefer a real check. Old fashioned I guess.
Isn't that the same as paying your bills electronically via ACH payments. I do it all the time for my regular monthly bills. Sounds safe to me and should speed up delivery.
it's crackers to slip a rozzer the dropsy in snide
I kind of like that it takes a week for them to get the check then a week for it to clear, then 2 weeks to receive shipment.
Then I wait a few weeks before I order again.
If it was any quicker I might order more often and spend more money.
Just kidding
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
The ACH payment receivers do not have your checking account numbers. They just get a payment in a specified amount.
Currently I get a bank check from a bank that is not my primary checking/savings bank. I think that's more secure..but with all of my other information out there on the web [most unsecured is with the local/state/and fed gov's], it would be eaier to just type in the account #
Thanks for all of the input above
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Good information to know, thanks !!!
I’m curious if people get better prices with checks or echecks on bullion compared with the lowest prices found on eBay?
If you are buying it anyway, why not clean up on card rewards and send your check to cardholder? And have your metal in a week or so.
At this moment silver spot is $14.44
And lowest on 10 oz is $160
20 oz is $320 and $321.83
Gold $1199.80
1oz $1232.75-1270
https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/
Usually. You get rewards because the seller pays CC fees. That cost is passed on to you. That's why Apmex has wire transfer only prices for its cheapest bullion products.
Note: ebay bucks are a different story because the seller doesn't directly pay those
All comments reflect the opinion of the author, even when irrefutably accurate.
I've used it many times. Always shipped as fast as a pp payment with no issues. Although getting
Ebucks special trumps.
An "e-check" is not a check - it is an authorization for direct debit from your account. You are granting the recipient direct access to your account.
A "check" is an endorseable payment order drawn on your account through the bank clearing system.
I guess I stick with sending bank checks, the price is locked in at time of order and the anticipation of package arrival is not all that bad
Thanks all for your input
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
I think paper is more safe than echeck. Echeck the seller has all your info. If it get into the wrong hand they can take money from your account
A paper check can be copied (photographed for deposit even) or the numbers could be written down by hand. There's really no difference.
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I'm pretty sure that the bank will reimburse for fraudulent activity for both paper checks and checks. You just have to follow their rules including reporting timeframes.
Greater efficiency all around. Cuts out paper, time, stamps, lost-in-the-mail....
Ain't progress great!? What a country!
Here's a warning parable for coin collectors...
Yup, as was mentioned, the SAME info that is at the bottom of your check. Again, belief takes over from fact
But I withdraw the money and get a 'bank check' so my account info is not on the check
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Correct but I was responding to the statement quoted.
If I had to go to the bank and get a paper check for purchases it would severely crimp my style. If I was THAT concerned I would just suck it up and use a CC and move on....oh wait, that can be compromised also...