How long do you wait for a check to clear


Hello, I'm selling some equipment for several thousand dollars. I told the buyer that I would take a personal check and send the equipment after it clears. My bank said that they couldn't tell me when it cleared, only if it was returned. They said that in most cases it should be ok in 10 business days. I'm not sure when to ship the equipment Does anyone have any experience with this? Help!!
bwos
The USPS money order can be taken to a post office and cashed immediately. If they do not have the cash in the place, get a NEW money order for yourself for the difference. Thus you are guaranteed it was a real money order, (the USPO would KNOW straight up) and you get another USPO money order YOU know is legit. I HAVE done this... Just so I could ship the item immediately. Since the $2 for the money orders is so small, I considered it a small price to pay for peace of mind.
So you NEVER have to actually (really) worry about a fake USPO money order if you feel concerned.
Just take it to a post office.
One of the things not mentioned is that the buyer assumes the risk the seller will that the cash and not send the item or that the item will be defective. It's a two-way street that requires mutual trust.

So far I've been a buyer -- most of the equipment in my racks has come through Audiogon, but I expect to be a seller soon.

db