|How do you setup an inspection period on eBay?||Bonked|
Dec 3, 2003 10:57 AM
|A couple of days ago I posted about buying a frame on eBay and a number of people said to setup a 48 hour inspection period so that you can check out the frame before the seller gets their money. This seems like a great idea to me, but how do you set it up? Is it something official through eBay or something that you need to setup with the seller beforehand?
|Third party escrow maybe?||Spunout|
Dec 3, 2003 11:01 AM
|That way, the buyer pays the escrow account.
Example of transaction: Buyer sends funds to the escrow account. Escrow informs seller. The seller sends the goods to the buyer. Once the buyer receives the item, he has 48 hours to initiate a return. If the buyer does not initiate return, the escrow releases the payment to the seller.
Buyer is on the hook for fees and any further shipping charges.
It is cheaper to buy from knowledgeable sellers with perfect feedback, IMHO.
|Third party escrow maybe?||Old_school_nik|
Dec 3, 2003 2:01 PM
|I sell and buy quite a bit of bike gear on Ebay and I fully agree with Spunout - much less hassle to deal with knowledgeable sellers with perfect (or near perfect) feedback, IMHO.
It amazes me that people still report that they get ripped off on Ebay. If you review your seller's feedback and emails carefully it should never happen.
I purchased a $1400 litespeed with Record on ebay. A simple investigation into the seller revealed that it was a reputable shop down south - they even had an 800 number to call them ! Whne the bicycle arrived - in perfect condition - I noticed the Fed Ex box had the rear hub poking through I contacted them and coplained about the $60 shipping they promptly credited me for the full cost of the shipping - they did everything they could to make sure I was a happy camper and not going to leave neg feedback....
Anyway, a lot of sellers won't do escrow on items for less than $5000 because its not worth it.
|I've been thinking about this||cyclinseth|
Dec 3, 2003 11:16 AM
|Have the seller ship the bike to an lbs near the buyer. The buyer gives the money to the bike shop. The bike shop inspects the merch. within a reasonable time frame (48 hrs). buyer would probably be responsible for return shipping costs and bike shop inspection/storage fees. In effect the bike shop becomes the escrow service.
I would think that if the seller is on the up and up, he would have no problem with it.
|re: How do you setup an inspection period on eBay?||Scot_Gore|
Dec 3, 2003 12:12 PM
|As said above, with a 3rd party escrow service.
I did it. I used escrow.com. They required a valid e-mail from both parties and to use a select number of shippers that they got tracking data from.
1) I paid escrow.com for the bike (plus a 35 dollar escrow fee) and requested a 48 hour review period that I had arranged with the seller.
2) They e-mailed the seller to ship the bike and provide the tracking data as soon as they had verified my funds were goood.
3) Seller shipped the bike and gave escrow.com the tracking data.
4) Escrow.com tracked the bike and as soon as it was deliveried they started a 48 hour countdown.
5) If I said nothing, they pay the guy after 48 hours (or sooner if I say so, which is what happened)
6) If I had been unsatisfied with the bike, I would have needed to tell excrow.com that I was returning it and provided them tracking data.
7) They would have tracked the returned bike back to the seller.
8) Once the seller gets the bike back, he would have had 48 hours to say I broke it or whatever.
9) If he says nothing, 48 hours later they give me my money back less the service fee.
It seemed like $35.00 well spent to me.
Dec 3, 2003 4:40 PM