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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
milpai's avatar
milpai
2,664 posts
 

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.

mitch2
4,737 posts
 

“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.”

@peter_s - Yeah, I remember those days. Not all progress is for the better.

inna
8,240 posts
 

Yes, sending personal check and receiving one was a norm. Everything went fine, always good conversations before transaction. I never felt the need to call, emails were enough. Fair prices too.

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