What are the loopholes of sending COD to nonmemb.

See if you can use Fedex cod.-- You'll get the Money the next day.
PS, I wouldn't do a cod for anybody with no feedback,period.---Take your chances if you must--but you might point out 'your' feedback record and let him take the chance bassed on that. Ask him to open a paypal account??
I once did a cod thrugh the PO and got a bum personal check. Then we have bad Bank Checks, forged ones and such. The driver isn't an expert and may take whatever your buyer gives him.---.You must be having a hard time selling--to even think about this,as an option. My advice is worth just what you paid for it---. It's your gear.

I won't buy from someone with 0 feed back unless I can pick-up at his place or he will bring to me.

I would never do COD for anyone with no feedback.

I will not buy from anyone with bad feedback...to risky for my pocket book.

Of course the exception could be an item of low value were the loss would only make me mad...not broke.

Dave

Dave, speaking only for myself, I would never go to someone's place I don't know, have them come to my house, or meet them somewhere. I knew a guy who sold his corvette to someone. When the guy came to his house, he shot and killed him and stole the corvette. Pretty gruesome story but after hearing what happened to him, I prefer dealing with people over the internet.