No wonder nothing sells: wire transfer only


Seems big ticket items not only carry big prices but also big risks. 
Many sellers,  selling ultra priced equipment  are only willing to accept wire transfer as payment. Where’s the protection for the buyer? Speaking on experience, I would never send anything over $1000. to anyone no matter how good their feedback is without some sort of protection as a buyer. Maybe it’s just me, but nightmares do exist and can come true!

hiendmmoe

One can use a third party escrow service if the seller is willing to accept that. Inspection before shipping. The risk of shipping is another matter.

Years ago, I had a very special Ferrari delivered to my house once it arrived stateside from Modena. I knew the dealer well. Car arrives, my friend who worked at the dealership and oversaw the delivery (and had his sports bike mounted for the return-- a couple hours in distance from NY to Philly) called shortly after delivery. And said "I forget to take the check." I said "what check?"

Of course I paid them. Stuff happens, though. 

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PayPal has stacked the deck against the buyer.  If u sell something on PayPal, even if it's a recurring charge, you the buyer can no longer go to PayPal  and reverse the payment or stop the recurring charge.  So big ticket item sellers demanding wire transfer as payment for sure are doing at least one thing - avoiding PayPal and credit card fees.  

“I would never send anything over $1000”
@hiendmmoe 

Would you mind clarifying, how is wire transfer is different from “PayPal Friends&family only or check clearance first” option outlined in your ads on USAM. The way I see it all of the above are non-reversible, cleared forms of payment options and puts buyers at risk. 

Frankly your comment, I would never send anything over $1K, doesn’t inspire whole lot of confidence in conducting a transaction with you either (no offense).

To @tomic601 point, any transaction small or big can be transact risk free by doing your due diligence regardless of payment terms.