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 pindac

You can't protect yourself.

What you can do is ensure that whatever you are doing is done to safeguard yourself as a seller.

Do not let yourself be bullied into a persons buying pitch, there are 100's of long winded get under your skin techniques. 

Do not sell anywhere that a Buyer Protection is a enforced method for the Buyer to make a Payment.

Typically a few Months can lapse before the use of the protection can kick in.

It is very important to have a sale with the residual overhang and menacing that can be brought into the sale.