No Sellers willing to do COD anymore???


I first got into this hobby about 4 years ago (at least in terms of owning "high end" equipment).......one of the main ways I was able to do that was by buying almost everything used. My speakers (B&W M802's) I found used at a local audio dealer, & after that, bought most of the rest of my system from private sellers thru Audiogon, always doing COD, which seemed almost SOP at that time.

Now, most sellers INSIST on Cashier's Check upfront, end of discussion. And I admit, when I'm selling items long distance, it would be nice to be able to impose that, but the last time I tried that when listing something FS, no one was willing to do that. Am I missing something? Would anyone ship their expensive audio stuff to someone just relying on their word that they'd then send them the $$$?? It seems too one-sided now......even with all the potential pitfalls of COD; at least it's sort of equal for both parties. Thanks for any input!
steveaudio
I would think that anyone would prefer to ship something COD, specifically FedEx. Yes, it's more costly, but the stuff usually gets there more quickly and is handled more safely too! Additionally, the seller gets his certified funds the next day after the buyer has received his equipment. I prefer to both buy and sell on COD. I've always requested speaking with the individual in person first and required a fax copy of the certified funds prior to shipment. I've offered to do the same when purchasing and so far it has worked quite successfully. As others have said, there's usually a factor of trust that's involved in any transaction, whether it be in person or here on the web. If you don't feel comfortable doing business with someone, then don't. Consistent positive
feedback will give some degree of comfort to buyers and sellers, but you can possibly still get burned if you don't follow good business sense. Remember, most of us are doing this for the love of music and the pursuit of buying equipment that allows us to enjoy it more. Be kind, be professional, be courteous, and above all, be honest.
COD is fraught with holes. I've sold quite a few items here, always with cash upfront. I provide my home and work number and I offer my banker as a reference to verify that I've lived and worked in the same area for a long time. In return, I always pay for shipping, insure the box, and provide tracking numbers the minute things are picked up. I try to be a solid citizen and prudent at the same time. As a result, I've never been burned and find everyone I've encountered here to be into this stuff like me. If you can't work through this with a seller (meaning getting to a level of comfort that they are who they represent themselves to be), don't buy from them. It is that simple.
I rather not bother with COD.UPS took a long time sending the Money orders to me.You can specify like I did that you only want postal money orders or will not bother.I did COD once and it was a leap of faith.I put everything up front but UPS took 3 weeks to send the money order.Postal service has a dollar limit which is 500.00 and you can specify cash only which will be converted to a postal money order sent to you,you have that choice.You can do the same with UPS ask for a POSTAL money order as they dont accept cash.I hadnt dealt with FED EX yet and I usually deal with the Post Office only,as I work for them and using the competition would be taking the few crumbs away from me.But I rather accept a postal money order up front,I really dont like personal checks andsome bounced on me,not for a lot of loot but still it's loot that I lose plus bank charges.When someone send s a check i let them know that it's 3 weeks for clearence and that usally get me the postal money order that I asked for in the first place.After all I might not have too many feedbacks here on Audiogon but I always let folks know to check out my feedback on EBAY which is over 800 positives.Cheers.
I did several CODs with no problem. Then, I sold something COD and UPS delivered the package but didn't collect the money. The guy was honest and sent me the check. Soon after that I agreed to a COD sale and a day later the guy e-mails me and says forget it right before it shipped out. That is enough for me. I won't ship until the money is here.
The one and only time I have sold audio gear COD proved to be a real pain, and I won't repeat the experience. I sold a pair of subwoofers to a fellow in Texas, mainly because he was the only serious party, and he insisted on COD or no sale. The subs were shipped COD via UPS. Unfortunately, UPS lost my address, so the buyer's cashier's check to pay for the COD got sent to a UPS processing center in North Carolina, and it took me nearly two months to get my payments. I won't repeat that mistake ... I either get the cash upfront, or I don't sell.