Yes often you can open up a merchant account
Or wire transfers to you
Has anyone sold over $35k worth of equipment over the net? How do you protect yourself?
I currently own a Moon 861 amp. I am considering buying a Moon 891 preamp/streamer. Sometimes, I get a bit nervous owning this much in gear. If I ever wanted to sell it, we are talking about $35k payment through paypal or a like service. I read where a buyer could dispute the transaction with their bank even if they bought it through paypal (or zelle) and the seller would lose the money.
Has anyone else sold this much in gear before over the net? How do you handle this kind of risk?
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You can't protect yourself. What you can do is ensure that whatever you are doing is done to safeguard yourself as a seller. Do not let yourself be bullied into a persons buying pitch, there are 100's of long winded get under your skin techniques. Do not sell anywhere that a Buyer Protection is a enforced method for the Buyer to make a Payment. Typically a few Months can lapse before the use of the protection can kick in. It is very important to have a sale with the residual overhang and menacing that can be brought into the sale. |
@jmnextime1 - Indeed; I would never buy anything if my only option was wire transfer; I could be mistaken, but I'd wager the buyer gets ripped off more often, as the unscrupulous seller has the item (or it doesn't exist) and the buyer has nothing until they receive it, and no recourse if they don't. But common sense works on both sides. |
I put stuff on Face Book,local and cash.I worked for the old PO loading and unloading trucks I've seen in person ,packages being thrown and mishandled. I worked as a shipping clerk for a,audio and electronics company...seen stuff packed poorly. I Worked for UPS as a tracing clerk and then claims dept...I've seen it all ,all kinds of fraud,and lousy claims,liars and thieves.Ifs not easy selling audio equipment Good Luck |
- 29 posts total