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Re: Well I just got bounced by NAFA to [Re: Actor] #6625354
09/26/19 12:23 AM
09/26/19 12:23 AM
Joined: Aug 2012
Posts: 296
Ohio
PBS Offline
trapper
PBS  Offline
trapper

Joined: Aug 2012
Posts: 296
Ohio
Originally Posted by Actor
Someone needs to get Justin Trudeau's phone number, and everyone call his office and complain. Tell them you want to file a complaint. Then turn around and call the Whitehouse in Washington, and tell them what the Canadians are doing to the American trappers. That should get things stirred up a little . grin

Garry-


That's right.... send in the Biden boys.

Re: Well I just got bounced by NAFA to [Re: Canvasback2] #6625360
09/26/19 12:45 AM
09/26/19 12:45 AM
Joined: Jan 2007
Posts: 13,782
north Idaho
W
wissmiss Offline
trapper
wissmiss  Offline
trapper
W

Joined: Jan 2007
Posts: 13,782
north Idaho
Originally Posted by Canvasback2
Been reading through these posts on this topic, and I got a question...


So, Trapper ships his or her furs to the Auction. They get sold.

Buyer pays NAFA for the Furs, and then the Trapper finds out that the check from the buyer to NAFA bounced.

Question:

Did NAFA ship the furs to the Buyer who bought the furs, and gave NAFA the check that bounced ? If the Buyer has the furs, does NAFA have any ability to get the furs back from the Buyer; since the Buyer had to of known that check they wrote would not cover the amount it was written for.



Most of the major buyers at NAFA do not write a check for their purchases. People just dont write a check for a million plus dollars.

They pay via wire transfer or Letter of Credit. Both of which are legally binding financial documents. Which means it is just like handing NAFA a wad of hundred dollar bills. Instant guaranteed money.

Some smaller buyers do write checks, most often for less than $100,000.00. If there is a question about the check being good, NAFA will hold the shipment until the check has cleared.

It takes very rare und unusual circumstances before NAFA will ship the goods unless they are fully paid for.

Re: Well I just got bounced by NAFA to [Re: brymoore] #6625362
09/26/19 01:08 AM
09/26/19 01:08 AM
Joined: Nov 2011
Posts: 8,973
SWMo.
T
tjm Offline
trapper
tjm  Offline
trapper
T

Joined: Nov 2011
Posts: 8,973
SWMo.
Originally Posted by brymoore
Bounced checks happen with errors in changing banks etc, Ive seen it happen to very good businesses. Ive seen entire payrolls bounce because funds werent transferred from A to B. (Im a commercial banker).

Whats concerning to me, is waiting until October to reconcile the issue. Why? Cash flow problems? Bounced checks should be repaid immediately. They should still have the funds because they were never paid. The only cost is the fees.

If they put all that cash in your hands for short term bank to bank loans (rolling it over daily?), how much much will a $million return between now and Oct?

Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625372
09/26/19 01:58 AM
09/26/19 01:58 AM
Joined: Jan 2007
Posts: 1,514
Eastern Mt, 31 yrs old
B
Bob Offline
trapper
Bob  Offline
trapper
B

Joined: Jan 2007
Posts: 1,514
Eastern Mt, 31 yrs old
Well I guess Petska will get all my coyotes this season.


"I have two guns, one for each of ya."
Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625385
09/26/19 04:17 AM
09/26/19 04:17 AM
Joined: Apr 2017
Posts: 1,002
PA
L
lumberjack391 Offline
trapper
lumberjack391  Offline
trapper
L

Joined: Apr 2017
Posts: 1,002
PA
It shouldn't take 3 weeks to get your check from an auction house. The way I see it, they are working for me. They have no way to get screwed by me, pay me up right away and if you get screwed, you go after them. I have no way of knowing who the buyer that didn't pay is or where they live to seek restitution.
I know this isn't the deal going on right now but with instant electronic money transfers why else would it take so long.

Re: Well I just got bounced by NAFA to [Re: GROUSEWIT] #6625557
09/26/19 07:49 AM
09/26/19 07:49 AM
Joined: Nov 2018
Posts: 177
Ontario
S
Saskfly Offline
trapper
Saskfly  Offline
trapper
S

Joined: Nov 2018
Posts: 177
Ontario
Originally Posted by GROUSEWIT
Do any of u guys belong to both Nafa and fha?


I ship to both depending on a bunch of different factors. All I can say is having two auction houses running is key to keeping some competition going. Imagine what the commission would be if there's only one auction house to ship too.

Re: Well I just got bounced by NAFA to [Re: Saskfly] #6625561
09/26/19 07:53 AM
09/26/19 07:53 AM
Joined: Feb 2010
Posts: 5,476
Henderson, N.Y. Jefferson Co.
W
walleyed Offline
trapper
walleyed  Offline
trapper
W

Joined: Feb 2010
Posts: 5,476
Henderson, N.Y. Jefferson Co.
Originally Posted by Saskfly
Imagine what the commission would be if there's only one auction house to ship too.


Sounds like it's going to be AT LEAST 11% here very shortly once NAFA goes teats up !! frown

w


Member: New York State Trappers Association,
Oswego County Trappers,
Jefferson Co. Fur Harvesters.

I Support Non-Resident Trapping Nation-Wide

Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625640
09/26/19 09:34 AM
09/26/19 09:34 AM
Joined: Oct 2013
Posts: 10,865
Indiana
B
brianmall Offline
trapper
brianmall  Offline
trapper
B

Joined: Oct 2013
Posts: 10,865
Indiana
Nevermind

Last edited by brianmall; 09/26/19 09:34 AM.
Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625642
09/26/19 09:35 AM
09/26/19 09:35 AM
Joined: Mar 2007
Posts: 2,179
New Mexico
C
Chamacat Offline
trapper
Chamacat  Offline
trapper
C

Joined: Mar 2007
Posts: 2,179
New Mexico
Yep..So has NAFA come out with a "Damage Control" statement yet?


I can catch them here...I can catch them ANYWHERE
Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625644
09/26/19 09:40 AM
09/26/19 09:40 AM
Joined: May 2014
Posts: 566
Northport, Alabama
sanfo008 Offline
trapper
sanfo008  Offline
trapper

Joined: May 2014
Posts: 566
Northport, Alabama
Talked to Gary @ Groney this morning. He's going to add a stop in Alabama for our high quality southern fur. He said he would take green beaver and otter and everything else stretched and dried. At least we will finally have another option if needed.

Re: Well I just got bounced by NAFA to [Re: Riverotter2] #6625784
09/26/19 12:54 PM
09/26/19 12:54 PM
Joined: Mar 2008
Posts: 2,792
n.e, iowa
C
coonman220 Offline
trapper
coonman220  Offline
trapper
C

Joined: Mar 2008
Posts: 2,792
n.e, iowa
I never ship to fha. So can't say really, but read fha auction results, almost always lower clearance an lower prices in everthing then nafa except beaver. Sometimes. At best the same price nafa, but this is a report on averages of what sold in auction, if I sent to them, could be different results an higher prices than the sale average

Last edited by coonman220; 09/26/19 12:55 PM.
Re: Well I just got bounced by NAFA to [Re: coonman220] #6626125
09/26/19 07:48 PM
09/26/19 07:48 PM
Joined: Jan 2007
Posts: 446
Northern Maine
J
jwood Offline
trapper
jwood  Offline
trapper
J

Joined: Jan 2007
Posts: 446
Northern Maine
Originally Posted by coonman220
I never ship to fha. So can't say really, but read fha auction results, almost always lower clearance an lower prices in everthing then nafa except beaver. Sometimes. At best the same price nafa, but this is a report on averages of what sold in auction, if I sent to them, could be different results an higher prices than the sale average


I've compared auction results from NAFA and FHA for more than a decade. Apples to apples, they are pretty much the same as far as I can tell. If anything, FHA has a slight edge.

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