Payment at card shows?

[vintagetoppsguy]

Why would a dealer accept plastic from someone they don't know? They open themselves up to charge backs.

[Donscards]

I was at that Chantilly show and it could have been me the collector is talking about---Yes cash is King--also I take paypal and checks if I know the person or he has good references. I don't take credit cards---and like another person said, you have to be carful on chargebacks---I also have a flip phone---sorry I love it---I do lose sales at shows because I don't take credit cards, but also usually it is a high demand card and will sell at another show.--Many dealers I know over the years only take cash for many reasons and when I go to major shows , I take cash to buy--it works better for the collector who is selling his cards.

[vthobby]

Originally Posted by Donscards

I was at that Chantilly show and it could have been me the collector is talking about---Yes cash is King--also I take paypal and checks if I know the person or he has good references. I don't take credit cards---and like another person said, you have to be carful on chargebacks---I also have a flip phone---sorry I love it---I do lose sales at shows because I don't take credit cards, but also usually it is a high demand card and will sell at another show.--Many dealers I know over the years only take cash for many reasons and when I go to major shows , I take cash to buy--it works better for the collector who is selling his cards.

Don,

If this was you, I'm curious why he did not just pay you via paypal? He could have found a computer or sent it via his phone, then once you see it is safely in your friends/family account, you release the card. This seems like such an easy way to do it plus it protects you from charge backs since it goes to F/F account. I have used this method and it always works.

Mike

[Donscards]

Originally Posted by vtgmsc

Don,

If this was you, I'm curious why he did not just pay you via paypal? He could have found a computer or sent it via his phone, then once you see it is safely in your friends/family account, you release the card. This seems like such an easy way to do it plus it protects you from charge backs since it goes to F/F account. I have used this method and it always works.

Mike

Mike--I am not sure if I am the dealer this person is talking about---I did have one collector who didn't have the cash and wanted to use a charge card, I don't take charge cards since I only do a few shows a year---I did offer this collector paypal , but he doesn't use paypal---when somebody pays me with paypal, I give them the card when it gets to my account. I also take checks (if the person has good references I give them the card, if not, I wait until the check clears and then mail the card to them. And yes there are times I do lose a sale because I don't take credit cards. I also believe cash is King

[vthobby]

And to think Ricky Henderson thought he was the KING!!!

Cash rules the throne like you said! Thanks Don,

Mike

[irv]

I haven't read all these posts, so, for what it's worth, I always carry cash.

If I didn't have enough for a special card I wanted, I would look for an ATM, or leave the show if I had to to obtain more money.

I am soon to be 52 so maybe I'm old school, who knows?

[JEFFV96MASTERS]

Opinion no longer available

[botn]

Originally Posted by vintagetoppsguy

Why would a dealer accept plastic from someone they don't know? They open themselves up to charge backs.

Pretty absurd. Then why should a dealer take a check from someone they don't know? Checks are bounced with less recourse. You suggesting cash only at a show?

[vintagetoppsguy]

Originally Posted by botn

Pretty absurd. Then why should a dealer take a check from someone they don't know? Checks are bounced with less recourse. You suggesting cash only at a show?

Yes, checks bounce, but absolutely there is more recourse - including jail time for the one that wrote the check. If you have a bounced checked, that is a legal instrument, signed by the the one that guaranteed it. You can file on them in a small claim court and pursue it legally. With a charge back, all the credit card owner has to do is call his credit card company, report the card stolen and the merchant is SOL. That said, if I were a dealer at a show, I wouldn't take a check either. Too much hassle if it does bounce. As already mentioned, cash is king.

Don't take my word for it, read post #11 above from a dealer...

Originally Posted by Donscards

and like another person said, you have to be carful on chargebacks

[packs]

Yeah but nearly every vendor takes plastic. The chances are remote that you're dealing with some mastermind serial chargeback king. If you're afraid of that happening I think your inventory would need to reflect your price points. I highly doubt the average customer has a few thousand bucks on them just in case they happen to find something they like and the person only takes cash.

[vintagetoppsguy]

Originally Posted by packs

I highly doubt the average customer has a few thousand bucks on them just in case they happen to find something they like and the person only takes cash.

Just in case they happen to find something they like? It's a card show. They're going there to buy cards. Do you think a collector just happens to be driving by a hotel, convention center, etc and sees a sign that says, "Card Show" and thinks to himself, "I think I'll go in there, but I have no cash on me"? Or do you think a collector plans for the show in advance and carries the cash they need? I choose the latter. Maybe I'm different than everybody else.

[Peter_Spaeth]

Originally Posted by vintagetoppsguy

Just in case they happen to find something they like? It's a card show. They're going there to buy cards. Do you think a collector just happens to be driving by a hotel, convention center, etc and sees a sign that says, "Card Show" and thinks to himself, "I think I'll go in there, but I have no cash on me"? Or do you think a collector plans for the show in advance and carries the cash they need? I choose the latter. Maybe I'm different than everybody else.

I've never gone to a card show with any significant amount of cash. Just a checkbook.

[packs]

I think you are. I never expect to find anything I want at a card show. I mostly go because it's a weekend, I'm looking for something out of the ordinary, and maybe, just maybe this time I find something I like at a reasonable price. I never walk into a White Plains show for example with a few K in my pocket ready to spend. If you're at the National or some huge collector showcase show I think the pocket money number goes up, but not for a local show you're just casually passing through.

[vintagetoppsguy]

Double Post

[vintagetoppsguy]

Originally Posted by packs

I think you are.

Nope, I'm obviously not. Read the post above my last one.

@Peter. That's great if you know the dealers and they trust you. I just prefer cash. Maybe I'm wrong, but I feel I can negotiate a better deal with cash.

[Snapolit1]

Seller's want cash so they can avoid any tax issues.

Yes, call me Mr. Obvious.

[The Nasty Nati]

The big time dealers should at least get square: squareup.com

[steve B]

Originally Posted by vintagetoppsguy

Do you think a collector just happens to be driving by a hotel, convention center, etc and sees a sign that says, "Card Show" and thinks to himself, "I think I'll go in there, but I have no cash on me"?

Not recently, but I've done almost exactly that. Not necessarily with a card show, but I've stopped by shows for other hobbies that I just happened to drive by. Of course, back then I usually had a bit of cash with me anyway. (Nowhere near 6K though!)

Steve B

[pokerplyr80]

I assumed you would need to take cash or be willing to pay the fees with a card with most dealers. But it makes sense that some would not be willing to accept them because of the risk of charge backs. I can't imagine accepting a check for a few grand from someone I have never met. At least not without verifying an account balance on a banking app or something. When I go to a show I either bring cash or assume that I will need to make a trip to the bank if I find a card I really want.

I have had a dealer let me send the money paypal ff for a 1,500 card at a recent show.

[Duluth Eskimo]

This is one of my favorites for the lay person / collector. 6k is a large purchase and the dealer is expected to just pay the juice for the credit card because it's more convenient to you. It seems that he tried to work with you by offering to accept a check which is a large risk for him, but doesn't cost him 3 percent. This is just like most buyers on eBay who expect to lowball everything then want the seller / dealer to pay eBay and PayPal fees because it doesn't cost them a thing.

I understand that it may seem hard for some people to believe that people pay in cash, many big time collectors and dealers do. If you don't have the cash, that is your problem. If you go to the national or any big show, most big time buyers have big time cash on them. This is another reason why most auction houses don't take credit cards. If I am shopping and come across a big ticket item I want and don't have the cash on me, I blame myself not the dealer. Collectibles are a cash business. I don't expect a dealer to bend over backwards for me.