2. misc-audio
  3. 1134097113

buyer beware of late

Did anyone else respond to the "unbeleavable" listings lately, like the B&W 800's for $3000 or the N802's for $3200...new members with no feedback. I received the message from Audiogon saying the members were "questionable" and not to do business with them. Same thing happened today with a listing for a Jadis integrated amp. I guess the only safe bet is to stay away if there's no feedback..but that doesn't do much for the legitiment new members trying to get established.
dave43

Showing 3 responses by nsgarch

nsgarch's avatar
nsgarch
2,524 posts
 
Also, with AudioWeb gone (the original home for scammers) alot of those no-goods are drifting over here.
nsgarch's avatar
nsgarch
2,524 posts
 
I agree with Thanhn387

COD is an excellent way to insure a legitimate transaction with a zero feedback seller. Personally, I think FedEx has the best COD system (Air only, doesn't apply to FedEx Ground).

You can use FedEx "Express Saver" up to 150 lbs., the cheapest air service (3 day guaranteed). COD costs $4.50 more and here's what you get as a seller: Before handing over the item, FedEx will collect ONLY a certified or cashiers check from the buyer made out to you the seller. Ask the buyer for the bank's name, phone number, and the check number after he draws it so you can call the bank and verify its authenticity before delivery. FedEx will then overnight the check back to you (no extra charge) so you can deposit it the next day.

If you are the buyer, this is a way of assuring the seller that you have made the payment, that it is not counterfeit, and that he'll have it the next day.
nsgarch's avatar
nsgarch
2,524 posts
 
FedEx COD is super, BUT don't expect them to check the authenticity of the cashiers check or certified check they collect for you (I don't think they take money orders, or in any case check only the "cashier/certified" box)

It is up to you to do your due diligence and get a fax or scan of the check from the buyer. Get the issuing branch phone no. from the buyer also, it's not always on the check. Call the issuing bank to verify before your item is delivered to the buyer, and the check collected for you by FedEx. You can always call FedEx and ask them not to release the item if you suspect a counterfeit check.
More to discover