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.
@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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I refuse to use Paypal as a whole now its just not safe anymore for the seller, waiting for your money, issues with returns, returns not what you sent them, fee's etc. I've come to the point i wont ship until the money is in my bank account. on more costly items anyway. I also always pay for shipping when a buyer and demand shipping insurance ( that I pay for) even though it only covers loss its cheep enough that on higher priced items its worth it. Insurance also makes the shipment require a signature so no dropping on your door step, to be stolen. I also find with insurance the packages seem to arrive in better condition, and with out hidden fees. |
@glennewdick I had a coin business for years. In the coin business we have a saying that insurance stickers mean "steal me". Most coin dealers on expensive packages do not use insurance but instead pay for signature confirmation. Jerry |
