How popular is Wire Transfer.....


I hear good and bad about using wire transfer to pay for audio equipment, on a site like this or otherwise.
I have not used wire transfer yet, and have had deals walk away because I did not use that system.

I have no idea how one even go`s about doing that.
Some comment and info?
Thanks,
Len W
lwerner

Showing 2 responses by coltrane1

If a thief wants your money he'll go to most any length to get it. There is no guaranteed system that protects both buyer and seller. 8 years ago some thief in Florida established a bank account using false ID. He then listed great buys on gear, and sold the gear dozens of times making victims of dozens here on AG. All AG could do was shut down the sellers AG account. There was no recourse with any law enforcement investigation for the thief had used false ID. I'm retired LE, so even I am was not immune to getting burned. Bottom line is, seller or buyer, someone is rolling the dice and there's always the possibility of being burned. I agree, the feedback does give one a better idea of the character one is about to do business with.

Paypal contract states it does not honor 3rd party contract sells. Therefore I as a seller refuse to do overseas transactions. I'll sell the item to the buyer and ship it to a US intermediary chosen by the Int'l buyer with the understanding that my obligation ends once the item is signed received by the intermediary. Of course it's the int'l buyer's intermediary who is responsible for shipping the item to the int'l buyer and not mine. Paypal is very upfront about this in the rules, so if you're doing int'l sales you're rolling the dice for Paypal won't back you. Personally, if I can't find a buyer in the US I don't need to sell it overseas. But if I do have a rare int'l sale that sale and my responsibility for it ends on US shores, not elsewhere. Be smart, do your homework, that's the best anyone can do for there's no failsafe system. Such is life.
Geez Buconero, if you live in timbucktoo so much for acquiring much product.

If one is too afraid or paranoid to purchase gear on the used listings why even bother spending time on AG?

As far as AG offering a buyers support service like eBay I don't see that ever happening. eBay owns Paypal. AG owns nothing therefore in the one issue I've had over 13 years the one time I needed assistance they had nothing to offer. This of course was the theft of funds associated with an amp that was sold to dozens of victims. But then again, what was AG to do. Buyers are on their own here and if they don't know it you should know it.