Has buying and/or selling audio gear changed?
Hi Everyone, I've been a longtime observer on Audiogon but this is my first post. I recently ran into a situation that was new to me as I've recently sold some of my gear and I'm in the process of replacing it. I've used the normal websites (Audiogon, US Audiomart, TMR, etc) and those transactions have been smooth without any issues. I normally use PP Goods and Services as well as insurance with shipping. However, I recently was on a website of a well-known individual in the industry who has a piece of equipment that was reasonable priced. No, it wasn't a "too good to be true" price but was in the ballpark of what one would expect. As we were ready to finalize the sale, he informed me that he only does PayPal F&F and he won't insure the product for shipping stating this is now the industry standard and it was non-negotiable. Is this the new standard and all my other recent transactions were non-typical because I used PP Goods & Services and made sure the shipping had insurance to try and provide some protection? I don't live close enough to buy the gear in person and I've bought and sold across the US and never had a problem but always used Goods and Services for peace of mind for the unexpected issue or problem. For the record, I'm only interested in conversation that is related to what the industry standard is, not the individual involved here. Let me know your thoughts.
Never ask the seller to buy insurance. Now you're sharing in the responsibility for safe delivery. It is fully the seller's responsibility. Leave it that way. Occasionally I see sellers saying that insurance is the buyer's option. I usually respond that it it up to them. If they are one of the sellers that states "not responsible for uninsured shipments" I generally move on. not my job to try to set them right. Also this statement indicates they've had problems before. Jerry |
I am one of those guys who hates to dicker over price. If I want an item and I think the price is ok, I am interested. If the price is high to cover lowballers, I am not interested. So, I am a great buyer. However, I will never, never purchase any item through friends or family or any manner that takes away my recourse for fraud, damage, or poor quality. If they do not take PayPal full I will not talk to them. 60 years in retail has shown me to never trust anyone I do not have experience with. Always cover all the bases. |
Let me tell you. the way I see it -- it really did, because I donno what F&F heck means and I also sold quite a few pieces of the gear and media here and around the web internationally and domestically. Also is PP and PayPal the same or PP is the one you use to discharge urges?? If anyone knows any other new acronyms, please post in response. THANKS!
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@czarivey here is the info you requested: PayPal is abbreviated PP PayPal Friends and Family is abbreviated PP F&F or just F&F PayPal Goods and Services is abbreviated PP G&S or just G&S
F&F is free and is giving or receiving funds among trusted parties. G&S costs usually 3 to 3.5% and is for giving or receiving funds as a business transaction which allows both parties to file a claim if something goes wrong.
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