notsure the question...ifits small amounts of money like under 5 k...why
nota wire transfer ora cashiers check... thats notexpenside..
whenI sold to Univeresal studios it was for purchase orders
thatwereinthe *0k range..at 1st I gavethem terms..which means they can
take 20 days topayme...theproblem for cvash flow..was inthey giveyoua
stack of like 5 purchase orders as they acn..you need topay
forparts..abnd employrees...thelabor does not give meterms andthe parts
seldom willso i payon timeup frontanddont havetheclout of a Universal
who wouldtgellme were Universal youwill getpaid...iftheystall 45 -69 to
90 ity can killa small indi biz,,sothe answer for me was letterof
credit..what thatallows is wheni completed theorder we present the
doscuments tothe Bank..thenthey release thefunds..its called a
irrrevokable letterof credit...and gave mepeace ofg mind..especiall on
large 80 k orders...
whenMedia play ,oncue..musicland bought from me..they also gave me a
series ofPOs..allat once..andwould Lag inpayment..allthose firms
wentunder..but before they did..I called the ceo and said look you owe
me 30K...i understand you arein trouble..butI cannoyafford
theloss..sowhy notjusty paymethe30kancallit a day...thats what we
did..theyhad give me 6x 30k so150K worthdof Business..but were going
down thetubes.///my though was they got my ordres sold it collected the
money I justwanted myportion...a buyerat musicland told me..Tommost
theother vendors are cutting themoff....so I stopped sending
more..oneofthe wise choivces in my biz carrre,.,a guy nema Berbi schwarz
told meinNTCat theJavitts cenetr Tom why are you dealingwithallthese big
guys....???deal withmom andpops the reisk is spread as the big guys can
takeyou down with them...I though he was jealouseofthe Young
punl...me///andyet ilearned he was spotOn correct...a button company
laughed at me...said we do a milliona yerr with them, andso
whenthecompany falter guess whi went down likea tonof Bricks..that
button co...chapter 7...same with One stop POsters and many small
vendors as theu had open invoices..its called gettingf
thefaucetshutoffallthe cashflow stops....becauseof Bernie..i survives as
my small retail costomers inmail orderwas how i started in19767..I never
forgot they help me grow...and neverstopped selling them andso they
saved me as evertsale by dealer friend forevenone poster hgelps./..thats
why wheni gort divorce..illness..you name it ilearned begraeatful for
everysingle doiime./..dont livehigh onthehog...live like its all going
to end..as what do we really need???some food,shelter,
heat..water..butmostofallfriends..and we all can suffer....i just told a
man how forme itwas the little dealers who took chances on me....andthey
became my Familyextended.....as they know rough times/.....so wheni
would sell id look at itas theywere mysatilite busines..ifi just
tryedtoload up posterd they could not sell what kind ofsupplieramI?? so
iremeber irefusedtoiowholsale episode one toa shop asi said they are
toohight imho..she was angered..said I want thenno matterwhat////but I
refused..as i know how it feels whenthey sell you titles that dont
seell...at same time...somethings area gamble..as manyofthemovies i
nevergot tosee tillafter itcame out....my 1st big buy was
conantheBarbarian...frazetta/.//andi sold them for 9.50..wellthat would
have been a good one as now they go forlike200....same withsat night
fever,,i boughtlike 200 300 for1.00 each..againits a good seller.....
actually ive beenluckyas most theposters i liked have been great
sellers....so i didnt goofonit....i just goofedon Marriage...and
diabettes..health and spent about 5 million allwrong as i didnt control
my own check book...ifyou overspend and fritterit away it gos fast
as for how to us a safe medium for cash sales inposter auction i likethe
debit card..or you could use paypal....and just transfer funds as a
needed Basis..or havea special acccount fgor the auction sales as a
firewall the fees for letterofcredit on80k deals was like 600.00//fgorme
itwas a great peaceof Mind...the otherlessson was thatwith bigger deals
the vendors put pressure on profit margin..and by the time parts.labor
andstress of processing..itcan be rtedious,.,i tell people getinga big
order is just thestsrt..getting paid is a whole ne deal....so as bernie
said small sales with direct to custmer have less worry lessrisk..andyou
can sleep easier...bigger deals you get stomackacid ,stressand can be
hardtomanagelife.....ofallthestudios Disney was the best..they would ask
meTom youy need ustocuta check sooner??bec they understood ciottage
industry busines vendors..itwas likefamily..but eventhey wanted bigger
profitmargins...howeber learned the lessonas the quality sufferd whenyou
cut costy...whenwe treat vendorts like Family..and give room so they can
do good work all win....as forbest way totransfer funds..it depens on
what kind of money you need to move...and what fees you mean......the
hard part of canada is the exchange rateofthe money////but itshould be
ok witha paypal acct unless its over 5k thenmi would suggest..the
letterofcredit or cashiers check ..and ifits heritage...send by extress
mail for thesecurity benefit..andpeace of Mindthe cost will be worth
it....... hope that helps..you could always just send a paper chack
express mailand letit clear conventionally...thatwouldjust be cost ofa
check/////hope thathelps merrychristmas M Greeenwood..
Tom\justy had eye surgery cant see yet out my right eye..allthe best
On 2019-12-06 16:17, Michael Greenwood wrote:
Hello All
I am never surprised at the greed that's out there but Heritage does
keep a pretty admirable pace in this ever wonderful state of
late-capitalism. Maybe they hid this announcement in an update email
that nobody reads or something but all of a sudden I cannot pay my
poster invoice through Paypal. I don't use credit cards for online
payments after being stung once so now I'm seemingly in quite a
predicament. Oh, wait, they're also charging a 2.3% processing fee on
the Visa/Mastercard use so I'd be extra insulted if I was going to
choose that anyway. Soon I expect them to just list available titles
of interest in text and propose we will fly down on our dime (small
percentage of flight/accomodation fees to them for processing,
naturally) to photograph and do a condition report for them.
I've talked to client services twice.The first rep said she thought
my best bet was doing a debit card payment but my bank seems to feel
that would mean setting up a separate account and, frankly, I don't
want the hassle. Then the second rep said to wire the funds so I am
just waiting for my bank rep to get back to me about the reality of
that option and whether there are fees on my end. Does anybody out
there have a good, cheap reliable method for this type of transaction
between the lowly Canadian David versus the Dallas Goliath?
Any help would be appreciated. Next option is divorce from Heritage
in totality and keep awaiting the revolution.
Thanks,
M
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