method of payment for resale deposit

[pmcpmc]

I couldn't believe my ears when I was told that the escrow used by the timeshare store wouldn't use either Paypal or a credit card to accept my deposit but requested a cheque.
Is that your experience with other companies.
I know I paid for my first points from Disney by credit card .

borrowed this to try out.

 

[Happy Birthday Cat]

That is my same experience when I purchased a resale.

HBC

 

[1SickPupe]

I experienced the same thing. There was one difference. My contract said it would not accept credit cards, but would accept a check from the credit card account.

We just found out Disney approved our resale, and we close on Oct 1st. Looking forward to the DVC experience.

 

[TheRustyScupper]

1) Most contract deposits require cash or check or bond.
2) Timeshares and real estate transactions are no different.

3) Disney accepts a credit card, because they are the developer.
4) I have seen developers take a credit card to make a sale.

5) Credit cards charge the company approx 2.1%-3.7%.
6) Usually, only a developer would add costs by accepting cards.
7) Brokers can't get reimbursed, so they usually don't take cards.