I guess I could say the check has to clear the bank before I ship,
but I'm not sure how that would go over either.
Each and every day, thousands of times daily, sellers say that very
thing to customers on Ebay, for even much much smaller amounts. And
its accepted by nearly all buyers on ebay that pay via check. So why
shouldnt you say this to someone for $3000.00? In a wholesale
situation, as well as a retail scenario, hunger is a sign of
weakness. Bad check people/businesses look for weak victims. In a
retail situation, if your customer doesnt have a credit card, and /or
a debit card, chances are good that he shouldnt be buying jewelry for
$3000.00, but should be putting his money elsewhere, like food and
shelter. Thats a very risky customer to deal with! I am most
certainly not that hungry. In all business transactions there are
certain degrees of risk for all parties involved, and one shouldnt
let greed/hunger get in the way of sound business decision making.
And if you are truly hungry for business, thats even more reason to
make your decisions with care- after all, a small loss could mean all
you have. Maybe consider reevaluating your business plan or product.
Big guys can afford risk better than little guys. If a big guy gets
hit with a $3,000.00 bad check, he gets mad, sicks his attorney on
anyone he can sick him on, and then he moves on to the next deal. But
if a little guy gets hit with a $3,000.00 bad check, he cusses,
screams, cries, and hopes he can hang on long enough to make the
cash flow again.
I only accept checks from customers with long standing reputations
in my store, and I just finished my best Christmas season ever.. And
this is in a community that has a high probability of its 2nd largest
employer (Delphi-5,500 employees) cut its payroll by more than half
within the next six months. In addition, our largest employer,
Chrysler, will be laying off back to 8 years seniority in about 2-3
Ed in Kokomo