I'm selling speakers for the first time and concerned about fraud


I've received an offer on my Klipsch P-17b speakers from a buyer with zero feedback. I also have zero feedback. I'm just concerned about getting screwed somehow. Can anyone give me advice?
awright7771352

Showing 2 responses by jmcgrogan2

So PayPal's fraud prevention stuff isn't really a safeguard?

Sadly, no.

PayPal offers much more assurance to the buyer than it does to sellers.
Too many horror stories to even get started.

As a long time seller/buyer, I don't think that I would accept an offer from a buyer with zero feedback on a pair of speakers, requiring the use of PayPal AND shipping.

I would be either looking for a cash 'n carry local deal, or a USPS money order, bank, or even personal check (wait to clear before shipping) if I was going to ship.

Granted, as a buyer with no feedback, I would be leery of buying from a seller with no feedback without using PayPal.
Just remember that PayPal may help the buyer out, particularly if he uses a credit card, but PayPal is not there to protect the seller.

Good luck with your sale.
John
Personal checks are actually safer these days because they are not counterfeited. Just make sure they clear first.

The only problem that I have with that is that no bank that I have dealt with, Chase, Wells Fargo, or TD Bank, can tell me anymore when a check actually clears.

Most banks will make the funds available to you within 1-3 days, but all of these banks have told me that it could take 30 days or more for the checks to actually CLEAR.

There is NO way to transfer money that is 100% safe. Even cash and carry deals can be carried out with counterfeit cash.

The worse the global economy gets, the more sharks there are in the water.