I recently sold a laptop to a fellow and received a Qchex in the mail for $2,575.00 (USD). The check said the issuing bank was CitiBank in NYC. The customer was in Italy and Qchex is in CA.
I went to my bank and deposited the check. The bank put an extended hold (2-3 weeks) until the check clears CitiBank in NY. I will be very curious if the check clears. I certainly am not going to ship the laptop until I see cold, hard, American $ in my hand.
I will report on the results of this test the middle of April. Until then, sellers, do not ship products unless you get a written confirmation from your bank that the funds have cleared.
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