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Author Topic: LBC Makes Me Rich, USPS Makes Me Poor  (Read 998 times)
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tamo42
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« on: 2011 Apr 15, 08:16:45 am »

I've blogged previously about the ineptitude and poor service at the USPS, but today's experience really took the brass-plated ring.

Over in the Chinese Coin Marketplace section of the forum, I sold a couple coins. I received payment from one of our great readers here who jumped on a good deal. I got his postal money order, which I then took to the post office to cash. I was unceremoniously told by the cashier that she didn't have that much in her drawer and that I'd have to come back later.

So let me get this straight. You offer a service of providing semi-certified funds that can be redeemed at any of your locations. I bring one of these certificates to your place of business. You refuse to honor it, telling me that I'll have to come back later when you think you might be able to honor it.

This kind of stuff makes my blood boil.

I called my bank, and they said they will take it. So there's that at least.
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Neal McSpadden
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badon
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« Reply #1 on: 2011 Apr 15, 08:40:51 am »

Give discounts for cash payments. Cutting out the middle man is a good thing when the middle man is either the government or the government-controlled banking system.
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tamo42
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« Reply #2 on: 2011 Apr 15, 09:01:20 am »

Most people aren't willing to send cash through the mail Smiley.
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Neal McSpadden
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badon
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« Reply #3 on: 2011 Apr 15, 09:36:34 am »

Express mail is handled by Fedex, and it's very reliable. As long as it's well packaged so you can't tell what's in it, and in has no insurance, they get delivered.
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If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
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dobedo
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« Reply #4 on: 2011 Apr 15, 10:39:21 am »

You need to reduce your prices, so USPS can honor you with a smaller amount of cash!
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tamo42
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« Reply #5 on: 2011 Apr 15, 10:45:17 am »

Ah, clearly that is the solution!
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Neal McSpadden
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Pandora
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« Reply #6 on: 2011 Apr 26, 06:31:29 am »

Use electronic mode of payment - like paypal "personal". It does not involve any fees for buyer or seller, and you get cash in paypal account which can be transferred to bank account - again with-out any fees.

Though I like the Dobedo's solution to charge less as well :-)
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Thy shall spend any thing and every thing on Chinese coins, but thy shall never surrender beer...swear! swear!
tamo42
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« Reply #7 on: 2011 Apr 26, 07:59:39 am »

Hah!

I tried the personal/gift thing before. One time it worked, and one time it didn't. I have no idea why though.
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Neal McSpadden
Get Coin Investments List Updates Here
The Primal Prepper - my blog about preparing for the worst while living the best
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