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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 kennyc

kennyc
2,079 posts
 

It’s common for audiophiles buy used gear

Audio dealers sell online all the time

We cannot control the behaviors of others including dishonest buyers. It’s the risk we all must bare. The alternative is to do nothing, then nothing will be accomplished.  We accept the risk in order to move forward AND not live in fear.

Maybe sell to a dealer or business like TMR which would lower your risk, but at a cost- nobody works for free.

The OP seems overly fearful of getting burned when selling. The risk will always be there, but the fear is optional.  

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