Paying for a new pony

The last two I bought were bank transfer; one was because I had the horse on loan before I bought it, so it was already in my possession and the owner wasn't local.

The second was because I had the horse delivered by a transport company and she was 4 hours away so too far to go deliver the money after the vetting. Previously I've paid and been paid cash.
 
We have gone for cash in the end, I felt a bit vulnerable withdrawing the money hence my last minute panic. Bank transfer sounds like a good idea in theory but it seems that it might not have been instant. Thanks for all your help, very excited now!
 
HGA-12 said:
Just remember cash people nationwide only lets you get £ 300 per day unless you book it. Banks prob the same so you can't normally can't take over £ 1000 unless you give notice. Prob too soon as she getting pony tomorrow.........................
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That's only cash machines. You can withdraw as much as you like over the counter.
 
I usually write a cheque and I have never had a buyer not happy with that .
I once used a building soc cheque ( they are guaranteed ) as long as not forged .
And have used cash a few times which normally I get by withdrawing it £500 a day from the bank and £1000 from the BS .
My last purchase was in March I wrote a cheque for him .
I almost never end up buying from someone who does know someone that knows me or that knows me themselves hence I think the ease of using a cheque .
 
I've always written a cheque for any horses I've bought or been given a cheque for any horses I've sold!
But then the horsey community is pretty small herr and everyone knows everyone :)
 
only_me said:
I've always written a cheque for any horses I've bought or been given a cheque for any horses I've sold!
But then the horsey community is pretty small herr and everyone knows everyone :)
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Exactly why I would not accept a cheque from any of them. Never met such a crew in my life. Anyway, few accounts have a chequeing facility these days.
I have had the £££ in my account, released the goods only for the purchaser to stop the cheque ... hey ho £1000 of goods for the cost of stopping a cheque!
The bank just laughed at such naivety.
I would have to have a bank transfer before letting a horse go, and a big cash payment as a non returnable deposit if any other arrangement. No passport no receipt. No horse really. If its a lot of money use their solicitor as a banker. Of course he might be a crook too :)
 
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Auslander said:
That's only cash machines. You can withdraw as much as you like over the counter.
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Not in the Nationwide no you cannot unless you have pre booked it. My comment is about the Nationwide - they do not give you more than £ 500 unless you give them at least 24 hr notice
 
HGA-12 said:
Not in the Nationwide no you cannot unless you have pre booked it. My comment is about the Nationwide - they do not give you more than £ 500 unless you give them at least 24 hr notice
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Oh right. I must have misread the bit where you said "Banks prob the same so you can't normally can't take over £ 1000 unless you give notice" Sorry...
 
CBFan said:
Paypal? ... sounds daft but I recently bought a van this way my doofus of an Ex didn't think to check whether they would accept a card payment or not and... yes, you guessed it, they didn't so I paid with paypal. You get a certain degree of protection this way too. :) Check with seller beforehand though :)
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If I was the seller I wouldn't accept Paypal. It may be free to use for the buyer but it costs the seller a percentage of the selling price. Depending on the cost of the horse it vould be a considerable amount going to Paypal. I normally deal in cash or bank transfer.
 
Toby_Zaphod said:
If I was the seller I wouldn't accept Paypal. It may be free to use for the buyer but it costs the seller a percentage of the selling price. Depending on the cost of the horse it vould be a considerable amount going to Paypal. I normally deal in cash or bank transfer.
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I have paid for a ponies by Paypal twice, just did it as a gift. A transporter was picking it up and they would have had to come for the cash. I always try and pay cash. About 10 years ago I sold a car and I had to wait for the bankers draft to clear. I could not get another car until I had sold it so in the mean tie I had to drive it very carefully.
 
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