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Has anyone sold over $35k worth of equipment over the net? How do you protect yourself?

I currently own a Moon 861 amp. I am considering buying a Moon 891 preamp/streamer. Sometimes, I get a bit nervous owning this much in gear. If I ever wanted to sell it, we are talking about $35k payment through paypal or a like service. I read where a buyer could dispute the transaction with their bank even if they bought it through paypal (or zelle) and the seller would lose the money. 

Has anyone else sold this much in gear before over the net? How do you handle this kind of risk? 

dman777

Showing 1 response by ghdprentice

ghdprentice
8,179 posts
 

Perhaps I am just paranoid. But no way I would ever do something like that. I would sell to a reseller or consign. Ever since I got ripped off as an 18 year old buying a used car, where the battery was charged to cover up it had no alternate, or fly wheel and could only operate for a few hours. The guys were at the bank cashing the check immediately. 

I also know guys that buy and sell $10K audio stuff. They seem really lucky to me. 

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