Personally, I wouldn't do it.
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If you must do it and can't do it in person, postal money orders offer some protection. Crooks know that the feds will come after them if there is fraud involved and won't accept them. Ditto using postal mails to deliver it. Of course this guy might just be dumb and then you have nothing but a hassle on your hands getting the feds involved. My advise, don't do it. |
This is UPS COD terms as an option for you. At worse case, the shipper is out the shipping charge, so perhaps you pay the shipping charges in good faith as you are not the shipper, and the rest is COD. Make a written contract with details of exactly what is being bought, the condition, the "warranty" on fitness, etc. The sellers other option is another buyer and/or taking a shave on price and selling locally. Sorry but I cannot remember the COD rates but obviously not free. Terms of Service These terms of service apply to C.O.D.:
I would not say don't buy from someone with no feedback, but someone with no feedback needs to understand they are selling from a position of weakness. Do you know their real name and have you found them on LinkedIn or Facebook? |
@kjohn1234 there are escrow services (PayPal is not an escrow service) but both of you would have to agree to use one, and it would cost money and add complexity. If neither of you has any particular reason to trust the other, then the only time you should use a cashier's check is when you would also use cash—in other words for an in-person sale. |
Here are 3 online escrow companies licensed in California. Does not mean they're good just that they are licensed. https://dfpi.ca.gov/online-escrow-companies/ I wouldn't do the transaction otherwise. |
I just sold a pair of speakers to a gentleman this weekend. He came over -- masks on -- listened to a couple of cuts. Agreed to buy the speakers and PayPal’d me the money. There was an option on my end to perform an instant transfer of funds to my bank for an additional $10. Once the funds cleared, I helped him load out the speakers, box them up, and he was on his way. I was leery of doing the whole Pay Pal thing and was strongly preferring cash or cashier check, but this really worked out well. He couldn’t of been a nicer cat either. Bottom line...protect yourself and if your Spidey senses are tingling, walk away. Plenty of other opportunities out there. Cheers, Joe |
Escrow, or COD and inspection upon arrival, if not, then no No deal! That is a gentlemans agreement. Shipping is the only thing lost... I had a guy show me one speaker twice, the other speaker was a hatchet job... He thought he was clever.. Be aware... He had them loaded on my truck.. when I noticed all kinds of things on ONE speaker. It had been dropped... I was hoppin', I mean HOPPIN'...MAD... His next door neighbor was laughing his self into an attack.. I caught on real quick... Out comes the pepper spray. :-) Regards |
Unless I could listen to the speakers in person, I wouldn't consider sending a cashier's check to somebody prior to having the speakers in my possession. And, $4K isn't something that would warrant such demands. From my days of buying/selling watches, I have seen numerous posts about cashier's checks being bounced, as well as wire transfers. Unfortunately, we live in a world where a few bad actors spoil online buying, so I guess the seller is trying to protect himself. One possible course of action is to ask if he has an Ebay, USAM, or Audiogon account, and you would be able to see if he has positive feedback. B |
@kjohn1234, You can use Escrow.com to complete the sale. There is a small fee involved but atleast this gives you peace of mind against any possible fraud or defective merchandise. https://www.escrow.com/learn-more/how-escrow-payments-work/how-escrow-payments-work If seller refuses to accept payment via escrow, I would walk away from this deal. |
I came across a seller who had a great price on a Shunyata Research Triton v1 and typhon. He then made up excuses on why he didn't want to use paypal and said "I'll just send them to you and when it arrives, send a check". Weeks went by and after a few calls he ghosted me and then I saw it listed again at the same price. I reached out and asked what was up? He then face-timed me showing his mansion and finally said "We are humans and you are going to have to trust me and just send me a check and I will ship to you". Mind you, he had three feedbacks from four years ago - I figured he was couch surfing at his brother's pad and tried to milk me out of $2400. Gave me a good laugh. |
I don't like using PayPal to sell expensive audio components and I usually don't ship anything expensive or heavy either. I'd rather the buyer come to my house to see if the item works/sounds right for him and then pays me cash. I've had people drive 1000 miles to pickup and 150lb turntable and 150lb speakers because even with the original boxes, I won'y ship. Paypal is for the buyer most of the time and if the buyer receives the product and doesn't like it, then he can go to PayPal and request a refund and usually get it. When I ship overseas, the buyer must use PayPal friends and family because once the product leaves the states, I don't want to be responsible because of customs |
How close to you does this seller live? If no shipping is involved I think Misstl has it right above. Plan to pick the speakers yourself and bring cash to his house after you make sure he doesn't live in a dicey part of town. If you like them after inspection/listening, help him load them onto your vehicle, then pay him and drive home. I’d like to see his receipt for them too from when he purchased them originally, just to be sure they are not stolen merchandise. Having had worked 25-30 years in Corrections, I can assure you there are an awful lot of crooks and con-men out there. Mike |
kjohn1234 OP Tell him you'll pay the Paypal fees on top of the $4000, if he doesn't do it then forget him, he's a scammer. Cheers George |
PayPal is not always protection. IF there is an invoice for goods (i.e. specifically naming the speakers), then you have PayPal protection. IF you just pay via PayPal, without an invoice, it is 'sending money to friends or family', with ZERO protection. ..................................... Seller pays a fee to PayPal when selling goods. You can offer to pay the $4,000. plus the fee via invoice thru PayPal. If seller still refuses, I would walk away. |
USAM has a "Payment Method" line item on their posted sales listings. It is the seller's choice how they want to receive their payment. If a cashier's check was the payment method requested by the seller, then you are welcome to ask whether they will accept another method, but you shouldn't be surprised if they say "no." If the seller had other payment methods listed in their ad, but will now only take a cashier's check, then you have a different problem. When purchasing a used item from an unknown seller there is no way to receive the "protections" you receive when you purchase from an authorized dealer. When buying used, you are incurring higher risk for the benefit of paying a lower price. If you cannot accept the risk, then purchase from a dealer. Buying used speakers carries more risk than buying other gear used IMO, because the condition of speakers is more likely to be disputed due to small dings etc. that may be a big deal to some but not to others, and also because of their sensitivity to shipping damage. Without the assurances that come with positive feedback, your perceived risk increases with respect to how the seller would handle issues such as insurance coverage, a return related to shipping damage, or other potential conflicts that go along with buying used gear. The risk is less for the seller since they already have your money. Audiogon's long-time feedback process and documentation can provide greater perceived protection (that you are dealing with a trustworthy individual), and IMO (regardless of what some say) PayPal does offer some protection from fraud and goods that are not as-advertised - not perfect but better than a cashier's check. |