I have 2 cars and don't need one anymore. My sister said don't use Venmo as people can scam you. I've only used Venmo with friends so have never been scammed and don't know how I can be scammed if I see the amount come into my account with the person standing there. Is she just being uber paranoid? Venmo would really be the easiest over a stack of hundos or cashier's check.
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If you're the one selling the thing it's less likely you'll be scammed because they payer can't just reverse the transaction like they could on something like PayPal. The scam risk is more if you're the one sending someone else money if you send first you're completely at their mercy.
This is my understanding as well. Avoid paypay if you're worried about scams from the buyer but Zelle and Venmo should be safe if you're the seller. This would be my preference if cash or a cashiers check (at the bank where you can see him get it made by the banker) are not options.
Don’t people just use Venmo for generally small transactions that are under 3k usually?
The best way to go about it is a cashiers check. More specifically, go with them to THEIR bank and after they hand you the check, take it to the counter and have its legitimacy validated by the bank. Then, you can provide the new owner with the keys and title and deposit the check at your bank.
Have sold a few used cars and this is the only way I would do it. If you do not validate the cashier's check with the bank of the SELLER (I.e., not your own bank!). the check should be assumed to be forged. This part is really important
Look I know Venmo seems easiest, but when you are dealing with any transaction >$1,000 (unless money is of no concern to you), do it right. And if money is of no concern, take the car to CarMax and just accept their trade in value. I dont know that any of us are wealthy enough to truly say idgaf when dealing with multi-thousand dollar transactions.
Now, if you're selling like a '86 Volvo station wagon with 240k miles and a salvaged title for $600, sure Venmo is probably fine.
Thanks for the feedback. Yeah it is a Civic worth $5-6K. I might just go to CarMax to avoid the hassle as there is one in my area.
My brother has been chargeback scammed in-person before when selling an Ipad despite using Paypal and requiring the two buyers to present IDs. Good luck selling your car lol.
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