Post
Topic
Board Currency exchange
Re: [WTB] 3 BTC for USPS money order at BitStamp rate (or make offer)
by
shawshankinmate37927
on 04/03/2014, 02:08:36 UTC
I will sell for Bitstamp +8%. We can use escrow if you would like, see the link in my signature line (180+ trade partners, 100% positive feedback). Because of price swings we would have to settle on how much when I physically receive and am able to cash the USPS Money Orders.

Send me a PM if you would like to trade (or open a "buy local contract on my localbitcoins ad)



Not wanting to sound too presumptuous but I just want to give a word of warning about spurious money orders which clear (first) and are recalled (later, usually after a few weeks or even months) when the bank discovers they were not honored after having been found to be non-existent or originally printed somewhere overseas or fraudulent. There have been reports about how checks or money orders will clear and show on the account as available and later bounce--- then the bank holds the account owner responsible and fully liable for the outstanding amount, without prejudice to the bank's further right to press charges.

The fraudulent checks (usually cashier's checks) and money orders have been found to be of a very high caliber.

http://abt.cm/1n1uwnQ

The OP might have legitimate intentions and I apologize if this is the case but then again I am sharing this with good intentions too.



I think it is great to keep getting this info out there. I worked in banking for 17 years and have several ways to verify a Postal Money Order, and told OP that I could settle on price once I was able to cash the MO.   Thank you for putting additional caution out there however, saw way to much fraud in my time!

OP could send the seller a picture of the receipt that the USPS provides when the money order is purchased in order to help substantiate it's validity.  Also, if the money order is redeemed at a branch of the USPS, instead of deposited into your bank account, don't they look it up in their system to verify that it is valid?