Staying Safe With Cash by Mail

If you're buying...

If you stick to high reputation sellers it's very unlikely that you'll encounter any issues while buying with cash by mail, however the following tips will help you prove your payment in a dispute should it arise. The most important thing to do is to make a video recording of your payment. Here are the guidelines:

Your video should be filmed within a single take, without cuts

You can put the cash in the envelope at home or in the car, and you can put your phone with the video turned on in your front shirt pocket and it'll record the whole process without much extra work from you apart from making sure that you do everything in front of where the camera's pointing. If you have something like a GoPro or the latest iPhone which has a camera with a wider viewing angle it's going to be even easier. Keep the footage in case of a dispute for 180 days.

Put custom markings inside the envelope

Use some sort of a custom chop/stamp/seal, or a signature or just random movements with a sharpie inside the envelope, covering all surfaces. This will help establish whether the seller is actually opening the envelope you've sent or a fake one. Make sure the mark is visible on the video.

Try to disguise the cash

To mitigate a (potential, but very rare) case of postal theft en route, try to conceal the fact that the package contains cash. You may put the cash in a magazine, mylar bag or some other container. Vacuum sealing the cash also works.

Place envelopes inside of envelopes

Instead of simply placing the cash into the envelope, use multiple nested envelopes for your package. Place the cash into the smallest envelope (or simply fold a bigger envelope as necessary), seal it, and place it into another envelope. Repeat this process until you have at least 3 nested envelopes. This helps ensure that if the receiving party tries to tamper with your package they will have a much harder time resealing it all in a way that would be undetectable when inspected by the dispute mediator.

Send with tracking

Packages sent without tracking may get lost with and without tracking it could be all but impossible to locate it. Having tracking also allows the receiving end to have peace of mind that the package is en route in case it's taking longer than expected.

Conclusion

As we've mentioned before, with established traders the risk for a buyer is very low. Very low doesn't mean zero though, so make sure to follow these rules to be prepared for a dispute situation.

If you're selling...

Make a video of receiving and opening the package

Record yourself receiving the package from the postal worker, the postal worker weighing it, record the label, all the outer sides of the package; open the package while filming with the camera pointed into it, run the cash through a counter and counterfeit scanner. Make sure everything is filmed in one take. Always keep the package in view of the camera. Keep the footage in case of a dispute for 180 days.

Under no circumstances release early

The key thing to remember (and we put disclaimers about this on every step of the way) is to NEVER release the escrow UNTIL you have the money and you are absolutely confident that everything is in order. A legitimate buyer won't pressure you into early release.

Have a buyer put a note with their username and trade ID

This will help you distinguish packages coming from different buyers and avoid confusion. This also will help in preventing man-in-the-middle attacks, where a scammer interposes themselves in-between the buyer and the seller, pretending to be the seller when talking to the buyer and pretending to be the buyer when talking to the seller.

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