Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: yehlai on May 25, 2018, 08:29:26 AM

Title: When selling own watch, which payment method you prefer?
Post by: yehlai on May 25, 2018, 08:29:26 AM
Hi guys, when you selling your own watch. Which payment method you prefer?
Online transfer easiest, but banks will have daily transfer limit capped?
Bank drafts are reliable (but can people can fabricate documents?)
Cheque (but concern in bounce cheque issue)

Any other method you prefer other than cash/credit cards?
 
Title: Re: When selling own watch, which payment method you prefer?
Post by: KYtime on May 25, 2018, 08:38:02 AM
COD is best. This way nobody can dispute about watch condition or payment, etc.
Title: Re: When selling own watch, which payment method you prefer?
Post by: sky7704 on May 25, 2018, 08:49:19 AM
Hi guys, when you selling your own watch. Which payment method you prefer?
Online transfer easiest, but banks will have daily transfer limit capped?
Bank drafts are reliable (but can people can fabricate documents?)
Cheque (but concern in bounce cheque issue)

Any other method you prefer other than cash/credit cards?
I only do in instant transfer or cash deal.

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Title: Re: When selling own watch, which payment method you prefer?
Post by: summerdragon on May 25, 2018, 10:25:56 AM
Of course cash is the best, but if your watches worth well over five figure then better instant transfer for safety purpose. Instant transfer allow up to 2xk if im not wrong, choose a place that u know its safe and crowded, beware of robbing, coz it happened on some of my watch dealer friends.
Title: Re: When selling own watch, which payment method you prefer?
Post by: spacewalker on May 25, 2018, 11:23:03 AM
I prefer cash or instant transfer. Do you guys issue the personal receipt to the buyer? Since the watches have the serial number , and SC will registered them under the owner names at SC when we send for repair or service so I think issuing  the recepit is important since the watch had already changed the owner and as a proof I'm not the owner of that watch anymore.
Title: Re: When selling own watch, which payment method you prefer?
Post by: yehlai on May 25, 2018, 12:59:19 PM
Seems like many prefer cash.. I'm supirised.
Problem with cash is don't feel secure when you carry them on the street. Any seller encountered counterfeit cases before?

So the best way to deal is still online transfer. If amount is not small.. suggest to do like this as banks have set the daily transfer limit.

Bank A = transfer 25k
Bank B = transfer 25k
Bank C = transfer 25k
Title: Re: When selling own watch, which payment method you prefer?
Post by: KYtime on May 25, 2018, 01:44:52 PM
It's all relative ... to some, 10k is a lot to carry around .. and to others, 100k is norm.

But if you're the seller, bank transfer is advantageous to you since you only release your watch (cod or mail etc) after you're satisfied the $$ is in.
Title: Re: When selling own watch, which payment method you prefer?
Post by: craftedseries on May 26, 2018, 11:51:30 PM
I'd always prefer cash but then again it depends on how bulky the cash is. If it's way too bulky, I'd prefer transferring through the bank!
Title: Re: When selling own watch, which payment method you prefer?
Post by: firewire on May 27, 2018, 04:31:08 PM
I've bought and sold few watches via online meet.

I always asked for cash or instant bank transfer.

So far all the buyers knows and they paid me via IBG (below 30k)

Beware those who says they have an overseas account, or they will pass the phone to their banker etc...

Most likely a scam.
Title: Re: When selling own watch, which payment method you prefer?
Post by: Timeless on May 28, 2018, 09:06:53 AM
Would prefer to do it online instant transfer, might need few transactions in various banks for huge amount.
For cash deal, recommend to do it inside of the bank on the spot if everything is in order. Otherwise, it doesn't safe to count big amount of cash in public anyway.
Title: Re: When selling own watch, which payment method you prefer?
Post by: Watched on May 28, 2018, 04:02:48 PM
Below 10k COD

Above 10k only instant transfer
Title: Re: When selling own watch, which payment method you prefer?
Post by: firewire on May 28, 2018, 05:10:27 PM
Would prefer to do it online instant transfer, might need few transactions in various banks for huge amount.
For cash deal, recommend to do it inside of the bank on the spot if everything is in order. Otherwise, it doesn't safe to count big amount of cash in public anyway.

I sold a watch for 25k and the buyer paid me cash. After inspecting the watch and all is good we went into my car and I counted the money with the doors locked ofcourse.
Title: Re: When selling own watch, which payment method you prefer?
Post by: DavidTan on June 05, 2018, 05:56:16 PM
I still prefer cod. Is fair to both.
Title: Re: When selling own watch, which payment method you prefer?
Post by: mattwee89 on June 16, 2018, 08:42:11 PM
If cod with cash won't worry about fake notes?
Title: Re: When selling own watch, which payment method you prefer?
Post by: DavidTan on June 16, 2018, 08:44:18 PM
Lol. Online transfer then.
Title: Re: When selling own watch, which payment method you prefer?
Post by: mattwee89 on June 16, 2018, 08:51:21 PM
Haha ya i prefer online transfer with instant transfer mode la 100% safe i guess
Title: Re: When selling own watch, which payment method you prefer?
Post by: DavidTan on June 16, 2018, 08:52:57 PM
 :thumbsup: :thumbsup: :thumbsup:
Title: Re: When selling own watch, which payment method you prefer?
Post by: kennethkoo on December 10, 2018, 04:11:53 PM
I prefer COD and perform an instant transfer on the spot.
Do not forget to verify the name of the person who made the transfer. A friend got into trouble as the buyer scammed someone else to perform the transfer to the seller (my friend)
Title: Re: When selling own watch, which payment method you prefer?
Post by: mikecheong1798 on January 12, 2019, 11:47:28 AM
COD is the best
Title: Re: When selling own watch, which payment method you prefer?
Post by: Horologist on January 15, 2019, 06:20:12 AM
online instant transfer is convenience and safe.
Title: Re: When selling own watch, which payment method you prefer?
Post by: G.MAC on January 15, 2019, 07:03:31 AM
Instant transfer
Title: Re: When selling own watch, which payment method you prefer?
Post by: silic on January 16, 2019, 12:30:59 AM
Online transfer is easiest.
Title: Re: When selling own watch, which payment method you prefer?
Post by: premiergin88 on February 06, 2019, 08:26:16 AM
Definitely online transfer
Title: Re: When selling own watch, which payment method you prefer?
Post by: derick93 on February 07, 2019, 04:06:09 PM
Hi guys, when you selling your own watch. Which payment method you prefer?
Online transfer easiest, but banks will have daily transfer limit capped?
Bank drafts are reliable (but can people can fabricate documents?)
Cheque (but concern in bounce cheque issue)

Any other method you prefer other than cash/credit cards?

I will suggest you just do the COD at the bank :thumbsup: :thumbsup:
Title: Re: When selling own watch, which payment method you prefer?
Post by: AnotherWatch on February 07, 2019, 08:29:05 PM
Usually COD and find somewhere close to your bank to instantly bank in before completing the transaction. That way both parties are sort of "safe"
Title: Re: When selling own watch, which payment method you prefer?
Post by: Stephen07 on February 11, 2019, 01:30:44 PM
I prefer cod, and need to meet at crowd place
Title: Re: When selling own watch, which payment method you prefer?
Post by: canon5dmk on February 12, 2019, 08:20:29 AM
Last time when I sold my Suunto D6i, I suggested the buyer to meet at day time.  Payment wise either bank transfer or COD. 
Title: Re: When selling own watch, which payment method you prefer?
Post by: hadi9802 on February 14, 2019, 09:01:44 AM
COD and online transfer there & then. Safest and secured.


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Title: Re: When selling own watch, which payment method you prefer?
Post by: danielcf on February 15, 2019, 10:26:56 AM
definitely COD with Online Instant transfer!!

if cash i worry received fake notes.

** if the amount very huge, then meet at the bank lor. got 1 more security to jaga lagi!!hahahah
Title: Re: When selling own watch, which payment method you prefer?
Post by: max1984 on March 13, 2019, 10:04:12 PM
Definitely COD and if the transaction is huge amount then better meet at bank
Title: Re: When selling own watch, which payment method you prefer?
Post by: kbng on March 14, 2019, 07:10:18 AM
I think instant transfer is more suitable, no need to worry about carrying too much cash. Cash On Delivery is good, but make sure the money is not a fake money.
Title: Re: When selling own watch, which payment method you prefer?
Post by: max1984 on March 14, 2019, 10:37:26 AM
Yep that's the reason to meet in bank to avoid fake notes.
Title: Re: When selling own watch, which payment method you prefer?
Post by: gibsonforever on March 14, 2019, 04:22:58 PM
Meet up and then instant transfer.


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Title: Re: When selling own watch, which payment method you prefer?
Post by: Nkssupreme on March 15, 2019, 09:56:07 AM
COD or online instant transfer if amount is huge in a crowded place.
Title: Re: When selling own watch, which payment method you prefer?
Post by: tcken on March 24, 2019, 09:01:55 AM
instant transfer or cash deal at somewhere safe.
Title: Re: When selling own watch, which payment method you prefer?
Post by: eugenio on April 05, 2019, 11:55:05 AM
Prefer to COD and online instant transfer. Bring along a mate just in case or head to somewhere with a crowd.
Title: Re: When selling own watch, which payment method you prefer?
Post by: Hafisjasni on April 12, 2019, 06:49:01 PM
But if cash though, my wife have been conned with fake money :(   



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Title: Re: When selling own watch, which payment method you prefer?
Post by: zhangyl1984 on April 12, 2019, 08:00:59 PM
COD or Paypal for international transactions.
Title: Re: When selling own watch, which payment method you prefer?
Post by: Watchgrocer on April 13, 2019, 05:19:09 AM
Prefer COD if it's convenient for both buyer and seller. If not, online bank transfer and send via post is the most convenient way.
Title: Re: When selling own watch, which payment method you prefer?
Post by: tannitech on May 18, 2019, 10:21:58 AM
1. Best to meet with each other, and just QR / Instant transfer via app. Just need phone number and can Duit Now also.
2. Will try to avoid cash at best, very dangerous to travel around (to both seller and also buyer)
3. Meet at public area.
Title: Re: When selling own watch, which payment method you prefer?
Post by: wwf on May 30, 2019, 09:23:55 PM
the recent one is using the alipay, now is kind of easy, with wechat pay, ali pay and online transfer, easy, no need to carry so much cash, cash also not safe, who know any fake money in between
Title: Re: When selling own watch, which payment method you prefer?
Post by: carlson88 on June 03, 2019, 09:02:17 AM
Just bought one and using instant transfer. Safe and straightforward. Not big amount though.

If more than 30k, perhaps will have the trouble to do bank transfer.
Title: Re: When selling own watch, which payment method you prefer?
Post by: khlau113 on June 23, 2019, 04:36:04 PM
I will prefer COD in the bank, safer and you can immediately deposit the cash into your bank account (to avoid receiving fake notes).

I tried instant transfer too. Had to do it a few times due to transfer limit and sometimes transaction error might happen.
Title: Re: When selling own watch, which payment method you prefer?
Post by: watchpassion on June 24, 2019, 01:33:24 PM
below 30k, instant bank tt, above 30k, 50% cash - 50% instant transfer
Title: Re: When selling own watch, which payment method you prefer?
Post by: MY1 on July 02, 2019, 07:34:47 PM
more than 10K better ask for instant bank transfer.... don't ask for cash...
Title: Re: When selling own watch, which payment method you prefer?
Post by: ckcspice on July 03, 2019, 04:53:19 PM
must meet F2F for all deals!!!

below 30k - instant internet transfer
above 30k - meet at bank
Title: Re: When selling own watch, which payment method you prefer?
Post by: Watchlover78 on July 04, 2019, 03:27:53 PM
Online instant transfer would be safer.. smaller amount I don’t mind cash money upon delivery. 
Title: Re: When selling own watch, which payment method you prefer?
Post by: xavern81 on July 06, 2019, 12:32:07 PM
Seems like many prefer cash.. I'm supirised.
Problem with cash is don't feel secure when you carry them on the street. Any seller encountered counterfeit cases before?

So the best way to deal is still online transfer. If amount is not small.. suggest to do like this as banks have set the daily transfer limit.

Bank A = transfer 25k
Bank B = transfer 25k
Bank C = transfer 25k

I don't have experience with these. Is it universal the bank limit is 25k a day?

Title: Re: When selling own watch, which payment method you prefer?
Post by: RichGoD on July 20, 2019, 10:47:47 PM
cod or instant transfer  :thumbsup:
Title: Re: When selling own watch, which payment method you prefer?
Post by: x-1o8-x on July 21, 2019, 01:58:50 AM
Seems like many prefer cash.. I'm supirised.
Problem with cash is don't feel secure when you carry them on the street. Any seller encountered counterfeit cases before?

So the best way to deal is still online transfer. If amount is not small.. suggest to do like this as banks have set the daily transfer limit.

Bank A = transfer 25k
Bank B = transfer 25k
Bank C = transfer 25k

I don't have experience with these. Is it universal the bank limit is 25k a day?

that's just the limit on which your transaction will be flagged by BNM. nothing to worry if you declare all your income :D
Title: Re: When selling own watch, which payment method you prefer?
Post by: dlmarr on July 21, 2019, 02:24:20 PM
Online transfer.
Title: Re: When selling own watch, which payment method you prefer?
Post by: edwin880721 on July 21, 2019, 06:47:29 PM
Sell and purchase before. Tt is the best method. Try to chat and just monitor the facial expression. Ppl with something to hide will have some weird facial expression and try to avoid eye contact with you.

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Title: Re: When selling own watch, which payment method you prefer?
Post by: strike961 on July 21, 2019, 09:56:23 PM
how much can duit now take per day nowadays? may be can try.

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Title: Re: When selling own watch, which payment method you prefer?
Post by: edwin880721 on July 21, 2019, 10:40:46 PM
how much can duit now take per day nowadays? may be can try.

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Read it somewhere for customer is rm100k, for business is rm100mil. Not sure how true this is, never try before.

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Title: Re: When selling own watch, which payment method you prefer?
Post by: strike961 on July 22, 2019, 08:51:46 AM
how much can duit now take per day nowadays? may be can try.

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Read it somewhere for customer is rm100k, for business is rm100mil. Not sure how true this is, never try before.

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if it's 100k, then a lot easy. just a click then transfer is immediate. buyer can have the watch the next second.


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Title: Re: When selling own watch, which payment method you prefer?
Post by: Jackylim on August 09, 2019, 05:12:59 AM
Cod or instant transfer depend on the amount.

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