I've spent 5 figures through Zelle. Was just fine.
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!
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- 28 posts total
When I joined Agon, there was NO PayPal. And the risk had to be laid out one way or another. At the same time, you were allowed to directly contact a seller, and talk to them on the phone. I believe that discussion between the buyer and the seller goes along way in reducing risk. Some of the benefits of USAM. I often sell my gear using friends and family… Although I give the buyer the option of paying the extra fee fees. I have excellent feedback, and most people have been quite comfortable with it. |
I shared office space with another lawyer. I did several transactions by giving the money required to him and he told the seller that he would hold it and undertook to forward it to the seller when that gear showed up at his office in good shape. I expect that anyone who has a lawyer could make the same arrangements and that the escrow holding lawyer would only charge a small fee for their service. |
There are far too many scammers online. I recently placed an Ad for selling my amplifier and I got 3 offers from 0 feedback buyers within 1 week. They either joined Audiogon on the day I posted the ad OR after I posted the ad. And among them one id10t was claiming to be from the Bay Area, but was now traveling to Spain. So I can imagine why high priced items need wire transfers or payments like Zelle/Venmo. |
@peter_s - Yeah, I remember those days. Not all progress is for the better. |
- 28 posts total