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  1. #1
    Senior Member
    Join Date
    May 2016
    Posts
    792
    Quote Originally Posted by Booletsnotreactwell View Post
    One thing I never understood with restricted transfers is why sellers want the money first.

    If I'm serious about buying and have clearly stated that I agree to buy it for the said price, can't the restricted transfer process be used as a sort of insurance for the buyer, especially if buying from a first time/unknown seller?


    Have the seller initiate the transfer, once you call in to complete it and it's pending approval/completion THEN you send the money. It gives the buyer some insurance since he knows the item is actually in possession of the seller and in the process of being transferred and if the buyer doesn't pay up can't the seller call the CFC/RCMP to revoke the transfer since the money/payment part of the contractual obligation wasn't fulfilled?
    What if the buyer disagrees with the seller's assertion that they didn't pay up? The CFC/RCMP isn't an escrow service with all that entails, including commercial dispute resolution.

  2. The Following User Liked This Post By Likeaboss

    Kobs (03-28-2017)

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