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Do ya'll take anything besides cash and checks?

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Debra

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Hello!

I got a request today to take a credit card or a master card travellers check...do ya'll take anything besides cash and checks? Thanks! Debra :p
 

rtubbs

Junior Member
Joined
Jan 15, 2002
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.
 

Debra

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Thanks!

What all is involved with accepting credit cards? Debra
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
#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!!!
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
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(?)
 

mcsskkii

Freshman Member
Joined
Jan 17, 2002
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.
 

jtrotta

Senior Member
Joined
Jan 16, 2002
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


8)
 
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