The money orders range in date from Aug. 1st to Sept. 23rd and are from Western Union, Money Gram, and Memo Financial Services.
Does anyone else find it odd that a person would hold on to $11,000 worth of somewhat old money orders?
It is odd and perhaps these money orders were stolen or obtained illegitimately.
If you're not 100% confident with the trade then don't go along and finalize it, simply opt out or tell him to instead pay you all by cash. Since you still have the goods on hand, there should not be an issue with this.
Yeah, I'm thinking of just sending the 3 units to him that he paid cash for and send him back the money orders. I did already deposit 2 $500 WU money orders from him but I will consult my bank manager on Monday and seek his advice as well.
When the buyer initially mentioned money orders to me, I was on full alert and very wary of an attempted scam. It definitely threw me off when he left the cash and money orders without taking any units. $10k is a lot of cash to be leaving with someone you just met. Although he does know my two brick and mortar business so it's not like I would just disappear.
Just a side question to all of this. Do you usually cicrumvent Ebay when it comes to this sort of stuff? Like I would rather just have people pay over Paypal, just to be able to get the added security of being able to say, well I shipped it and you used your CC on ebay so you did get it. Ebay says that's that and it's case closed.
Though I guess you could do this to avoid the steep fees that Ebay makes you pay, plus the fact that it's a high amount.