When are PPT cash payments due for a firearm?

[Squirly]

just like it says, when are PPT cash payments due for a firearm? I have a firearm for sale and wondering what is the norm regarding time of payment? Is it when I drop the firearm at the FFL doing the transfer? Or does the FFL somehow hold the payment and release?
I have never done a PPT.
Thanks.

[jeff.i.thomas]

just like it says, when are PPT cash payments due for a firearm? I have a firearm for sale and wondering what is the norm regarding time of payment? Is it when I drop the firearm at the FFL doing the transfer? Or does the FFL somehow hold the payment and release?

I have never done a PPT.

Thanks.

I held my money until I inspected the firearm. When I sold mine I didn't ask him for the money until he inspected it.

I don't know if that's the norm but it felt right to me.

I did hear of people charging fees if the buyer didn't pass background as well. Never had to deal with that myself.

Sent from my SM-N976V using Tapatalk

[9Cal_OC]

Right before PPT.

[Rakso]

Pay after inspection.

[Librarian]

As already noted, usually immediately after the buyer inspects the gun and agrees to buy it.

Many FFLs do not even want to see the money change hands; there is some risk that even that little FFL involvement might incur tax on the sale he/she has to collect.

[Featureless]

People I've dealt with goes like this. Meet in the parking lot, walk into the FFL explain we're here to do a PPT. Seller places the firearm on the counter (in a case of somekind). FFL inspects the firearm for safety, lays it back down on the counter. Buyer takes whatever time he/she needs to inspect the firearm. Now right here the buyer can reject the deal if the firearm is not as advertised. Otherwise buyer hands seller cash, both complete the paperwork du jour and the deal's done.

[Sequencer60]

I usually let the buyer inspect the firearm out in the parking lot, and then take payment before entering the shop to do the PPT. As stated above, some shops may not like seeing money change hands.

[9Cal_OC]

People I've dealt with goes like this. Meet in the parking lot, walk into the FFL explain we're here to do a PPT. Seller places the firearm on the counter (in a case of somekind). FFL inspects the firearm for safety, lays it back down on the counter. Buyer takes whatever time he/she needs to inspect the firearm. Now right here the buyer can reject the deal if the firearm is not as advertised. Otherwise buyer hands seller cash, both complete the paperwork du jour and the deal's done.

That may not be resourceful to a busy FFL.

I usually let the buyer inspect the firearm out in the parking lot, and then take payment before entering the shop to do the PPT. As stated above, some shops may not like seeing money change hands.

[Featureless]

I usually let the buyer inspect the firearm out in the parking lot, and then take payment before entering the shop to do the PPT. As stated above, some shops may not like seeing money change hands.

I don't think handing a stranger your firearm in a parking lot is a good idea.

YMMV.

[Ivan275]

Call the FFL and talk to the buyer. I have asked FFLs and one said they don't want to see money and others have said they have no problem with money exchange inside. I've looked at guns in the trunk and I have done it inside the FFL. Depends on how much you trust the person would depend on where money is exchanged. I've done it at the trunk before walking in and I have received money as the FFL is getting the paperwork started.

You can always walk outside to exchange money after in inspection inside as the paperwork is getting started.

[M60A1Rise]

Turners Signal Hill will/have asked us to go outside to exchange cash. This is usually done after one of the 50 trips to the back with paperwork lmao !

[jeff.i.thomas]

People I've dealt with goes like this. Meet in the parking lot, walk into the FFL explain we're here to do a PPT. Seller places the firearm on the counter (in a case of somekind). FFL inspects the firearm for safety, lays it back down on the counter. Buyer takes whatever time he/she needs to inspect the firearm. Now right here the buyer can reject the deal if the firearm is not as advertised. Otherwise buyer hands seller cash, both complete the paperwork du jour and the deal's done.

This is precisely how it worked in both my situations, as buyer and seller, at two separate FFL's.

Sent from my SM-N976V using Tapatalk

[Sequencer60]

I don't think handing a stranger your firearm in a parking lot is a good idea.

YMMV.

Not a lot of options, especially when the store may or may not welcome the idea of the buyer inspecting the gun on the store's time. I have done quite a few transfers this way, and have never felt like I was in any danger letting the inspection happen outside.

[sfe187]

Inspection
Payment
Paperwork

Check with FFL's store policy on gun inspection & funds exchange inside the store. If they allow both, do it inside the store. If not, outside parking lot.

[Nailer]

When dealing with PPT's, also check out their iTrader score. It's worth it's weight in gold.