Payment Plans For Cards?

[Seven]

I've seen this idea floated out a few times, and I was curious to hear opinions on this. I would gather the buyer would need to provide references of course. Seems like a good idea in theory as long as both parties came to some sort of an agreement. I'm not sure of who offers it outside of a few deals I've seen but I'd certainly be open to it. Makes acquiring some of the higher end vintage cards, a lot easier if I was able to do it in installments rather than all at once.

[bnorth]

Originally Posted by Seven

I've seen this idea floated out a few times, and I was curious to hear opinions on this. I would gather the buyer would need to provide references of course. Seems like a good idea in theory as long as both parties came to some sort of an agreement. I'm not sure of who offers it outside of a few deals I've seen but I'd certainly be open to it. Makes acquiring some of the higher end vintage cards, a lot easier if I was able to do it in installments rather than all at once.

I have done it both as a buyer and seller. Another thing I am doing as we speak for another member. Is holding cards for 2 weeks till he has the extra cash to pay for them.

Main thing is communication with an exact plan on how things will be done.

[Seven]

Originally Posted by bnorth

I have done it both as a buyer and seller. Another thing I am doing as we speak for another member. Is holding cards for 2 weeks till he has the extra cash to pay for them.

Main thing is communication with an exact plan on how things will be done.

Communication is key I would think. I would love to work something out for Goudey Ruth or Gehrig, or one of the Mantles that I need. Would make things a heck of a lot easier.

[jayshum]

I have done this several times in the past with dealers that I have bought a lot from. They were willing to do it because they had known me for a long time. I doubt many sellers would do something like this for a buyer they didn't know well unless there was something in writing covering the terms of payment, etc.

[Casey2296]

Originally Posted by Seven

Communication is key I would think. I would love to work something out for Goudey Ruth or Gehrig, or one of the Mantles that I need. Would make things a heck of a lot easier.

You could always put it on a credit card. That's a payment plan of sorts. Or are you strictly talking about a lay-away plan with a seller?

One way would be to set up an agreement as a 3rd party agent.
For example: I buy the Ruth card you want, keep it safe while you make monthly payments for a predetermined term and add a small vig for the use of my money.

[Seven]

Originally Posted by Casey2296

You could always put it on a credit card. That's a payment plan of sorts. Or are you strictly talking about a lay-away plan with a seller?

One way would be to set up an agreement as a 3rd party agent.
For example: I buy the Ruth card you want, keep it safe while you make monthly payments for a predetermined term and add a small vig for the use of my money.

More along the lines of a layaway plan with a seller. The only minor issue with the credit card would be the fees you incur with Paypal. I'd assume big time purchases would be through G&S, not sure if a 4K purchase, just throwing out a number here, would get flagged. Additionally If you're going through something like Ebay, then we all know that we have to give Uncle Sam his cut of anything you're buying

[sycks22]

I've taken payment plans on a bunch of cards and had no issues

[x2drich2000]

Originally Posted by bnorth

I have done it both as a buyer and seller. Another thing I am doing as we speak for another member. Is holding cards for 2 weeks till he has the extra cash to pay for them.

Main thing is communication with an exact plan on how things will be done.

Well stated. Communicate communicate, communicate, have an exit plan if things don't go as planed (what happens if a payment is missed?), and if you do let someone use a payment plan, never ship a card until it is paid in full.