Drawbacks from selling overseas ?


I searched the forum engine and couldn't find much info on this, but occasionally when I'm selling something,I'll put in U.S. only in the ad. I still get an occasional e-mail from somewhere else in the world( today from a gentleman in Seoul, Korea ) requesting to buy anyway. Let's say I don't get any reasonable offers within a certain time frame and this guy in Korea is still willing to pay the full amount.What are the drawbacks for me the seller ? Is there a safe and protected form of payment from the buyer ? I would like to hear some recommendations and/or experiences. Thanks.
sherod

Showing 1 response by jadem6

My last few sales have gone to Tokyo, Hungary, Soul and Tailand. In all cases the money was wired in US dollars to my bank. Once the moneis were received I sent the products out via Fed. Ex. In all cases the transaction went smoothly and took maybe an extra day or two. I have met some great people in parts of the world I would never have a chance to visit and have learned a great deal in the process. (imagine ten years ago selling to Hungary)
The only warning is shipping costs are extremely high, so be sure to understand the costs ahead of time. Also have an agreement as to how the customs costs are handled. In half the cases the value was disclosed as under $10 US to avoid aditional costs. (no insurance and agreed to by both parties)In any case be sure to have a written agreement as to how to handle this, and who is paying.