selling via Paypal- private sale

Discussion in 'The Sound Hound Lounge' started by soulohio, May 6, 2016.

  1. soulohio

    soulohio Member

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    I have a sale for an amplifier and the buyer wants to use Paypal. They also mentioned to put them on the insurance for the loss payee. Should I do this?
    This is not an eBay or Reverb sale. Private sale. I will require a signature. Any other advice?
     
  2. mikesjam

    mikesjam Member

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    Buyer is probably just doing this to protect themselves on a high dollar item. If they pay cash and the amp stops working a week later, they're basically out of luck. If they go through paypal and the amp stops working, they can file a claim through paypal and you will be required to refund their money.
     
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  3. orogeny

    orogeny Supporting Member

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    you are shipping the item?
    if so, paypal is fine
    but i'd keep the insurance in my own name
     
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  4. soulohio

    soulohio Member

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    I am shipping the item
    no express guarantee
    no returns or exchanges
     
  5. Blanket Jackson

    Blanket Jackson ¿Qué Hiciste? Silver Supporting Member

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    This. Otherwise you could potentially be out of amp and money should anything go wrong.
    Two words - "as is", and give him 48 hour trail period (which is really generous IMHO, especially in the non-Winter).
     
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  6. soulohio

    soulohio Member

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    The amp needs serviced as it has the original 20 year old caps. Buyer knows this. I could write this on the invoice.
     
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  7. circle_o_5ths

    circle_o_5ths Member

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    You should probably use the terms "as is" and "no warranty implied". Include the S/N.

    It's always a good idea to make video of you using the product before packaging it, where you also have the serial number shown.

    PayPal is very buyer friendly so don't leave any loose ends that could be misconstrued.
     
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  8. Guitar Josh

    Guitar Josh Resident Curmudgeon Silver Supporting Member

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    Craigslist is for in person cash exchanges. If you are doing it another way you are doing it wrong.
     
  9. soulohio

    soulohio Member

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    it is not a Craigslist sale. long distance. There is prior history of contact for the sale and we have spoken. The buyer seems OK and I believe was referred by a TGP member. I could not complete a deal before now.
     
  10. stratotastic

    stratotastic Supporting Member

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    Good info, but irrelevant to this discussion.
     
  11. Guitar Josh

    Guitar Josh Resident Curmudgeon Silver Supporting Member

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    True, I missed that and apologize to the OP.
     
  12. swiveltung

    swiveltung Member

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    Write everything on an invoice and send that for him to pay. Include your return policy. With no policy Paypal will side with the buyer.
     
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  13. DustyRhodesJr

    DustyRhodesJr Supporting Member

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    This is the correct answer.

    Not saying dont do the sale, as sometimes you gotta do what you gotta do, but you will
    have a return policy (of up to 6 months) whether you like it or not if you use Paypal.
     
  14. soulohio

    soulohio Member

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    Paypal demands a 6 month return policy on a used 20+ year old amplifier?
     
  15. orogeny

    orogeny Supporting Member

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    yes
    180 days
     
  16. Otto Tune

    Otto Tune Member

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    Then you wouldn't sell to me. A wire transfer costs $25 at my bank, and I might as well send a wad of cash in an envelope. I have no protection.

    At some point sellers and buyers need to have some level of trust. Otherwise, sell locally.
     
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  17. sportycliff

    sportycliff Supporting Member

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    Not to sound sarcastic, (and I'm not being) but doesn't everyone who buys and sells online now have a
    Square account?
     
  18. VaughnC

    VaughnC Supporting Member

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    I wouldn't put the buyer on the insurance because you are the shipper/insurer. The seller pays for the insurance and, if something happens in shipping, it's the shipper who has to file a claim...otherwise, having the buyer on the insurance might throw a monkey wrench into their system resulting in denial of a claim, and the buyer could end up with the amp and the cash. Sounds too risky to me.
     
  19. S1Player

    S1Player Member

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    Since I don't know what a Square account is - no.
     
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  20. sportycliff

    sportycliff Supporting Member

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    It's a very simple way to be able to take credit cards, in person or over the phone/internet.
    No monthly fees and a fair %
    Google Square Up, I'd post a link, but I'm not sure if I'm supposed to.
     

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