Drawbacks from selling overseas ?


I searched the forum engine and couldn't find much info on this, but occasionally when I'm selling something,I'll put in U.S. only in the ad. I still get an occasional e-mail from somewhere else in the world( today from a gentleman in Seoul, Korea ) requesting to buy anyway. Let's say I don't get any reasonable offers within a certain time frame and this guy in Korea is still willing to pay the full amount.What are the drawbacks for me the seller ? Is there a safe and protected form of payment from the buyer ? I would like to hear some recommendations and/or experiences. Thanks.
sherod

Showing 1 response by albertporter

The last three items I advertised and sold through Audiogon, went to Switzerland, Germany and Korea.

In each case the price was agreed upon and funds were wired as US dollars to my bank account. I arranged and shipped twice via Federal Express and once by DHL. All three shipments arrived in perfect order and the buyers were pleased with their purchase.

There must be a clear understanding about voltage requirements, accurate and forthright description of your equipment condition, and clear understanding of declared value and insurance. The recipient should inquire about VAT, duty or customs charges so there are no unpleasant surprises. Some US products are taxed at 30%.

From a strictly personal point of view, I am better off having met these people and done these transactions.