Sellers Beware!!!


Folks, 

I am wondering if anyone else here noticing the latest trend on Audiogon. I have been approached by buyers in Vietnam to buy my listings. I have gotten at least dozen offers in last month or so, they are pretending to be US based buyers, with US address and do not disclose their actual location until you have accepted the offer.  I have already declined two confirmed offers as soon as I figured out their true identity. The US address being provided on Audiogon is either a local business shop run by Vietnamese native or a 'friend' address. I googled the address and called the local address listed on Audiogon. It turns out to be small business shop and the owner had no idea about the sale or the product he is about to receive in next 2-3 days. 

The icing on the cake, the buyer gets bent of shape when you point out these last minute surprises and then try shift the blame on us that we are not very 'trusting'. Go figure! 

I am outlining some of the things that were common in my dealings, 

1. Broken English (sorry no offense)
2. 12-14 hour delay between communications
3. Start off with low ball offer and then agrees to pay within 10-15% off of your asking price
4. Unusual delay in receiving payments, they tend to apologize profusely and blame PayPal for delay
5. They will ask you to 'absorb' PayPal fee due higher percentage charged by PayPal on intl. transfers
6. Negative, neutral or no feedback
7. The address in their Audiogon profile will be either in west cost (CA) or east coast (NY). 

This thread is not intended to target a certain race or nationality, the sole purpose of this thread is to create awareness against the 'sneaky' buyers. I welcome all buyers, domestic or international and wish them a hassle free buying and selling experience on Audiogon. 

128x128lalitk

Showing 1 response by zephyr24069

I have sold successfully to buyers in Spain, England, Italy, Romania (with freight forwarding involved), Hong Kong, Malaysia, Vietnam, Korea and mainland China; the vast majority of these sales have (not surprisingly as I have US power-rated equipment), power cords and interconnects.  The difference being that the buyer did in each case accurately represent where they were from and in most cases, paid most, if not all of the PP fees and were straight-up on the shipping costs.  Negotiation overall took 1-3 additional rounds over and above the 2-3 round norm (my experience, not necessarily everyone's...).  There are several aspects to PP when dealing internationally besides the fees;

1. it generally takes 3-5 day for the funds to settle into the seller's PP account in the US
2. if the source bank of the buyer is not fully 'online' with PP, you may get a notice that PP is going to manage the transaction using an 'eCheck' from the buyer to you that PP handles the deposit of into your account, that can take as much as 5-10 business days
3. I always tell any buyer (US or foreign) that I won't ship until funds clear from my PP account firmly into my personal bank account....(another 3 days)

This implies that buyers have had to agree to wait for about 2 weeks before I will ship depending upon how long it takes for me to actually have the money in my account (not just PP).  They then have 7-10 days wait time for US Postal Service Priority Mail Package/other service (or UPS/FedEx/DHL  in rare cases if they paid the higher fees). If they agree to all this, they are probably safer than some of the more suspect buyers we are talking about here. In short though, document everything at every stage of the process and keep this audit trail!