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Debra, I'm not sure what a master card travellers check is but if its money, I would accept it. I also accept payment by credit card (mc or visa) and looove to accept cash.
#1: Don't get taken by the off the wall companies. Check with your local banks first. They usually have a better deal. I hear that Costco also has a pretty good deal.
#2: Write up a statement that those charging will sign that they understand that an appraisal fee is for a service that is not dependent on a predetermined value and that it is not refundable. MIGHT help if someone decides to dispute it after they don't like your value. :roll:
#3: Many merchant card acceptance companies will not accept appraisers because of the number of disputes they have. Be Careful!!!
try Sam's Club also : business membership has such an arrangement!
(I don't use it but thought it sounded good.)
WRT the possibility of disputes (particularly if you do not hit their number)
I have decided to generate a document which states that the signer understands that the lender is the cleint, and that despite their payment for my service that I the appriaser may NOT communicate, not deliver a copy o fhte resultant report to them the individual, and that the purpose of the report is exclusively for the purpose of ... blah blah blah... ending with this is a legal and binding contract to pay for services rendered.
I *think* this will hold up in case of a dispute(?)
You have to be careful in taking credit cards, the card holder can do a chargeback up to six months after the transaction, and then it is up to you to prove the transaction is legit.
Cash or Personal Check made out to you, NOT your company; if the check fails at first, try one more time - if it doesn't go thru, file a comlaint with your local Police, make it formal & press charges for an attempt to defraud.
Surely an attention getter (bad check) definitely stands up in court