Nobody does! It's probably the most common scam on Craigslist. Because of the law, when you deposit a cashier's check the funds are made available to you pretty much right away whether or not the check is bogus. Scammers exploit this by sending you one in excess of what they owe with some BS excuse, requesting that you send the difference back once it "clears", which it appears to do since the funds are available. But it hasn't truly "cleared", and by the time the bank discovers the check is a fake--which could take weeks--you're on the hook for all that money. I'm honestly surprised that anybody would fall for it, but they must, because this scam sure does persist.I don't follow... but who buys something off craigslist with a cashiers check, lol?
Apparently PayPal is not impervious to fraud either, although those scams usually involve bigger ticket items like cars (I think I read a story about that on this same forum)I had one last week. Selling a miter saw, and got the I'll mail you a check and send my colleague to pick up the saw.....NO, go away scammer. End of discussion. I do cash only at my house. Period. Unless it's PayPal for out of town