Preferred payment methods for higher auction invoices

[CJinPA]

Originally Posted by x2drich2000

Seems like with the rise in prices, the average invoice amount should also be increasing. So what payment method do you like to use for high dollar auction invoices over say $5k? Personal checks take forever and seem archaic in today's world. Paypal has the fees and usually limits. Zelle has worked great for me up to $2500, but again, has limits on the amount. Wire transfers have fees.

Which method do you prefer to use and why?

This doesn't directly answer your question but is a solution for the very, very near future. Pay w/ cryptocurrency! I can send you $1,000, $5,000, $5,000,000, any amount, transaction free to your crypto wallet in a matter of 2-3 minutes.... every time!!

This should be, and I suspect will be, an option at the larger auction houses within a year, two tops! Almost instant settlement and no fees.

Last month I won a lot at an auction and just laughed when I was walking the envelop out to my mailbox to be sent across the country. It would be deposited into a bank 1000's of mile away and take another couple of days to settle and for someone to acknowledge payment was in their account and then go through the shiping process...... PayPal, Venmo, CC and the like eliminate that time but add unneeded fees.

Looking to the future, I am!

[Republicaninmass]

Originally Posted by CJinPA

This doesn't directly answer your question but is a solution for the very, very near future. Pay w/ cryptocurrency! I can send you $1,000, $5,000, $5,000,000, any amount, transaction free to your crypto wallet in a matter of 2-3 minutes.... every time!!

This should be, and I suspect will be, an option at the larger auction houses within a year, two tops! Almost instant settlement and no fees.

What is the fee for cashing it into regular currency? Still no fees?

Asking for a friend

[CJinPA]

Originally Posted by Republicaninmass

What is the fee for cashing it into regular currency? Still no fees?

Asking for a friend

If you're looking to move cryptocurrency (Bitcoin mostly) into fiat currency like USD, there is certainly a fee, called gas fees. It can run a few dollars ($5-$8) or more (up to $75 in congested network times).

The thing is, you rarely ever need to turn cryptocurrency into fiat money. There are a ton of resources on the internet to learn more. I just can't wait until it's more mainstream. I'll be liquidating some of my collection in the coming weeks and one of the methods of payment will certainly be crypto - I'll include my wallet address for those completed transactions for those who like pay doing so.

[ClementeFanOh]

Personal check- Trent King (and the auction house likes them too!)

[brianp-beme]

I remember when I first did some card mail orders I taped coins to my order sheet and placed them inside a SASE.

I wonder if taping in this fashion would work nowadays with larger currency, for example $100 bills? My guess for larger purchases you would have to use an extra first class stamp.

Brian