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honest sale(4 posts)

honest salehoping_to_sell
May 3, 2001 12:33 PM
Just wondering if anyone can shed some light on how to ensure an honest transaction when selling my bike over the internet (assuming I don't find a local buyer and have to mail the bike). Once I have a buyer, what can be done to ensure that I will actually receive a payment, and a valid form of payment for that matter? Likewise, how can the buyer be ensured that the bike will actually show up in the mail? Totally new to selling over the internet and hoping for some feedback from someone whose been through the process. Seems like the internet is a great way to reach a buyer, but I've heard stories about people totally getting ripped off. Any feedback is greatly appreciated. Thanks in advance.
re: honest saleLC
May 3, 2001 12:40 PM
For selling its easy: don't ship the bike till you have the money.
For buying there is some risk, but bikers are honest right???

You can also use a escrow service that will give you some security and hold the money till you receive the bike, but they do charge a fee.

For the most part I have been pretty lucky in purchasing. Sometimes a part will have a little more wear then the seller said it had, so for chainrings, BB, headsets and cassettes you might want to stick with new stuff.
re: honest saleMrCelloBoy
May 3, 2001 2:39 PM
I just sold a tandem on the net. The buyer sent me a Cashiers check, FedEx, before I sent him the bike. That's the way to go! If they're at all sketchy about it to begin with you can expect it to go that way the whole transaction. You're in the better position as the seller. If they send a personal check, don't ship the bike until the check clears. The buyer should be understanding of this.
re: honest saleDave Hickey
May 3, 2001 5:57 PM
Most buyers don't have a problem sending money first. I've purchased many things via this site,ebay and others. The largest transaction was $400.00 for a frame. I always FedEx a money order. That way I know when the seller received the money. As a seller, be prepared to give the buyer your phone number. Also be very honest about the condition of the bike. One persons excellent condition is anothers good. List all scratches on the frame, mileage,etc...
As a seller, I've only had one bad experience and that was a $15.00 front derailleur. The cable screw fell off and got lost in the shipping box. The buyer threw out the box. I ended up refunding $5.00. It was not worth fighting over.