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Safest way to get paid for online sale of hardware?
Maybe selling my Casio PXS3000 via SweetWater used gear. How does one best arrange payment
online? Thanks!
Comments
How about a simple bank transfer? Or paypal "send to a friend". Both ways, once you have the money, the buyer has no way to get it back and you can send out the package.
I’ve only had good experiences with Reverb.
all depends on where you live, i guess
@Philandering_Bastard, Reverb is good but takes 8% fee on all sales. I guess I am looking for a service that protects both seller and buyer.
That’s true. On the other hand, prices tend to be higher and both seller and buyer are a bit less anonymous. Not so relevant if you are only occasionally in the market of course.
Bought and sold tons of things on eBay using PayPal. Zero problems.
By paypal, before you send it. Pay the extra for safe and insured postage.
Thanks, guys, for the good advice.
I will speak for Montreal where I live, but I bought and sold a lot of musical gear with Kijiji (own by Ebay). No fees and transactions in person. The traffic is huge. The bad thing with this kind of website is if you live in a small town with no big city near you.
I’ll buy it for $300.
Really though, I’ve used eBay and Paypal before. After paypal and eBay fees you loose about 13% though last I remember. I think Paypal is close to $4. I just checked this sweetwater marketplace and it’s probably only a little safer than craigslist as the amount of people that are there for musical items are much greater.
I have some stuff to sell and I’m just going to use Ebay as I don’t know how much I trust other sites. Reverb might not be bad as I often see things selling for more than I think they should there. Not exactly appealing as a buyer, but as a seller it could be worth it.
eBay and reverb are great mediators if a problem does come up, but with reverb, getting a sale returned is expensive. As a seller, having photos and videos of your working items/package/drop-off will save your sale if a damaged or “item not as described” return is requested.
@Dman PayPal is 2.9%. No wonder Musk is #2.
Yeah, that sounds right. The only thing I fully remembered was it taking about 13% in total. Ebay must be 10%. I kind of gave up on eBay. I sold some things that were worth it and others that were definitely not worth it. I’ve been meaning to sell some things on eBay for the past 2 years and still haven’t. I was just thinking about it today that I need to list some. Maybe I should just look elsewhere.
Apple Pay will transfer for free, however you better trust these people and online transactions don’t involve blind trust.
eBay/PayPal combo is super safe but you definitely pay for the service and combined are not cheap but I guess paying for the peace of mind is not a bad idea.
One thing though, eBay will always favour the buyer. If the buyer wants to send stuff back and say it doesn’t work because they didn’t bother to read the manual you will be obliged to accept the return at your expense and blocked from giving a negative feedback.
On the up side, I’ve bought very cheap goods from zero feedback scammers and have always been refunded when the scam transpired.
I always try ti wait for their £1 max seller fee offers though.
Weigh the cost of selling online (Ebay/Paypal/Packaging/Shipping/Insurance) against the cost of selling locally (probable lower selling price/advertising). Either way, it’ll cost you something.
That's why I only offer "manual" bank transaction. Which luckily in my country isn't uncommon and people will still buy from you even if you don't offer paypal. Once I got the money, I got the money. Ebay and paypal can't just decide on a whim to take it away again.
Here in the UK I roughly once a month get a £1 final value fee promotion. Is this something that happens in the US? I sold my Elektron Analogue heat MK2 and only paid £12 in fees, this included paypal and ebay.
If you are going to allow paypal payments and the new owner wants to pay with this method but also want's to collect you should not allow this as it has been known for people to pay via paypal, pick the item up and then get their money back saying they never received the item!
I always stipulate to potential buyers that if they want an item sending they will take full risk BUT I always double box items and take loads of photo's which I upload to ebay once I have shipped the item. Use UPS, FED EX and always with a tracking number.
The basic rule of thumb is COVER YOUR ASS!
Good luck.
Musk sold his 12% of Paypal long time ago. Ebay owns Paypal.
It is not that bad in the US and no need to take photos, videos, etc as proof. There is shipment tracking, insurance coverage, delivery confirmation and if the buyer still has issues with the received item, they need to return the item and pay return shipping to get a refund.
If the seller was not honest, buyer can go through their CC and do a charge back for large amounts or get a quick credit if the amount is small.
Craigslist, Facebook Marketplace and OfferUp are for heavy items - local pickup
I used to sell a ton on eBay.... but I had a couple of bad buyers... even though I had photo and video of the product that I sold eBay will always side with the buyer. I had a guy return something just because he did not understand how it worked... and then he was able to leave me negative feedback. I fought it and fought it to no avail.
Good luck.
Absolutely. I once sold a tascam field recorder that the buyer’s allegedly took on location to do a paid project with and it failed to turn on even with a fresh set of batteries. Of course he made me feel responsible for his failed mission. When I received it back it turned out to have the ‘hold’ slider engaged to prevent accidental pressing of buttons. Of course I couldn’t give a negative feedback and had to pay for the return postage.
eBay will always side with the buyer. Very true. I have a couple of stories that confirm this point.