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CaptainCaveman
Mangled
Joined: Jun 18, 2004
Posts: 11,256
Location: Wherever...
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 Posted: Thu 9/Dec/04 4:12pm Post subject: Buy/sell Advice For Vorbii... |
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When I buy and sell gear over the net, I take a couple steps to help to keep things straight. Here's my advice, plus a couple of tired old platitudes (take it or leave it - its your gear and / or cash).
Sellers: Insist that buyers deposit the money directly into your bank account. Get them to use a reference number or name that you can recognise (e.g. "handlebars" if you are selling handlebars). Wait until the funds have cleared (if your buyer pays by way of cheque (your bank can tell what method of payment they used) that might mean waiting 5 or more working days - check with your bank). Once you are satisfied the money is clear, then send the stuff by way of courier. Courier packages can be tracked because they each have a unique number, and if the gear goes missing in transit you and the buyer can hit the courier co. up for compensation. If your buyer won't pay via this method, you have good reason to be suspicious. Find a new buyer.
Buyers: If something sounds too good to be true, it probably is. Caveat Emptor (Buyer beware). Go have a surf through the seller's old postings and see if they have had any 'issues' in the past. Leopards don't often change their spots. If you decide to buy, get as many contact details from the seller as possible. Insist on paying directly into their bank account. Use a reference number you can recognise, and keep a note of the account number, how much you deposited, and the account name. Financial transactions can be traced, and if you suspect that you have been ripped off, you can pass the details on to the authorities. Insist that your purchase is shipped by way of courier for the reasons outlined above, and make sure the seller gives you the tag/job number.
It is also worth noting that, with very few exceptions, title (ownership) of goods doesn't change hands until they have been paid for. If someone sells a set of wheels and brakes and the buyer doesn't pay, the goods remain the property of the seller. If, without the seller (who still has legal title to the goods) agreeing otherwise, the buyer then tries to onsell the goods then that is conversion, which is an offence that can lead to fines, imprisonment, and all manner of unpleasantness....
...and if you end up being in possession of goods you can't pay for, the best thing to do is to simply return them to the seller ('cause they still own them, whether they like it or not). You might have to pay the courier fee, but the seller has probabally already paid once as well, so chalk it up to experience.
Anyway, if you are in any way suspicious about the other person, give it a miss. There are plenty of other shiney new (and not so new) toys on Vorb.
Uga-Booga.
Last edited by CaptainCaveman on Fri 17/Dec/04 4:09pm; edited 1 time in total |
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james
on your right
Joined: Feb 09, 2004
Posts: 13,685
Location: land of the long white latte
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| Posted: Thu 9/Dec/04 4:22pm Post subject: |
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Well put Captain 
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thorg
tired
Joined: May 20, 2004
Posts: 13,175
Location: moving on. . . . and up
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| Posted: Thu 9/Dec/04 4:40pm Post subject: |
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Also, buyers beware of people that 'cant' post up pics of gear, to back up their 'good condition' statements. Once they have your money they can always say "sorry, must have happened in transit" etc. Get a pic, or get a friend to check it out, dont rely on vorbii to be honest. I learnt the hard way.
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james
on your right
Joined: Feb 09, 2004
Posts: 13,685
Location: land of the long white latte
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| Posted: Mon 13/Dec/04 12:56pm Post subject: |
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:bump:
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sab
Joined: Dec 19, 2004
Posts: 3
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| Posted: Wed 22/Dec/04 8:52am Post subject: Legal Issues For Buyers And Sellers |
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Sound advice, but I have one correction to make. Title passes in goods when the parties to the contract intend it to pass. Here is an extract from the Sale of Goods Act:
Rule 1. Where there is an unconditional contract for the sale of specific goods, in a deliverable state, the property in the goods passes to the buyer when the contract is made, and it is immaterial whether the time of payment or the time of delivery, or both, is postponed.
So unless the seller stipulates that title in the goods doesn't pass until payment has cleared, then title is likely to pass as soon as buyer and seller have done the deal.
Also be aware that most internet banking payments are no different to paying by cheque and can therefore be reversed by the payer until three or five days after originally made.
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Henry Dorset Case
Mangled
Joined: Apr 10, 2002
Posts: 10,214
Location: Talos IV
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| Posted: Wed 22/Dec/04 8:58am Post subject: |
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..good advice.
as for the bank thing, it does seem to differ with banks.
Best thing is to ask your bank.
Remember kids, the only real money is cash money in your wallet. all the rest is smoke and mirrors and a convenient illusion.
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MikeD
Thrashed
Joined: Jan 08, 2003
Posts: 1,965
Location: The fine line between stupid and clever
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| Posted: Tue 22/Feb/05 5:56pm Post subject: |
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| Henry Dorset Case wrote: |
Remember kids, the only real money is cash money in your wallet. all the rest is smoke and mirrors and a convenient illusion. |
But what about the cash money in my g-string?
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Percy Pig
Mangled
Joined: May 03, 2002
Posts: 22,640
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| Posted: Tue 22/Feb/05 7:29pm Post subject: |
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| MikeD wrote: | | Henry Dorset Case wrote: |
Remember kids, the only real money is cash money in your wallet. all the rest is smoke and mirrors and a convenient illusion. |
But what about the cash money in my g-string? |
Is there anything else in your g-string thats all smoke and mirrors?? 
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MikeD
Thrashed
Joined: Jan 08, 2003
Posts: 1,965
Location: The fine line between stupid and clever
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| Posted: Wed 23/Feb/05 4:28am Post subject: |
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| Percy Pig wrote: | | Is there anything else in your g-string thats all smoke and mirrors?? |
No smoke and mirrors here. Just some hot steam and a highly polished nut-sac...
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space
Shiny
Joined: May 25, 2005
Posts: 19
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| Posted: Wed 25/May/05 5:20pm Post subject: |
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What about security for the seller. When it is a multithousand transaction and travelling to inspect is not posable. What would be a satisfactory third party to send to. I personally am not copmfortable purchasing without seeing.
ta
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CaptainCaveman
Mangled
Joined: Jun 18, 2004
Posts: 11,256
Location: Wherever...
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| Posted: Thu 26/May/05 9:52am Post subject: |
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Space, if you aren't happy about any aspect of buying and selling over the net, then don't do it. Buying and selling over the internet is inherently risky, so if you choose to do it then you are choosing to accept the risks that go along with it. No-one is offering any guarantees, and no-one will come and wipe away your tears if you get stung.
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guest
Dusty
Joined: Jun 04, 2005
Posts: 32
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| Posted: Fri 24/Jun/05 7:09pm Post subject: |
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so is it conversion if you buy something with the intention of selling it for a profit without telling the origonal seller (the person you got it off)?
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CaptainCaveman
Mangled
Joined: Jun 18, 2004
Posts: 11,256
Location: Wherever...
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| Posted: Mon 27/Jun/05 11:56am Post subject: |
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Sure you can buy something with the intention of selling it for a profit without telling the original seller - so long as you pay the original seller before you sell it yourself.
If you don't pay them first, and you and the original seller haven't agreed otherwise in advance (and for your sake it should be in writing), then that would be conversion because you are attempting to sell something you do not own.
If you and the original seller do agree that the original seller won't get paid until you onsell the property, then you are effectively acting as the original seller's agent, and that is also fine.
In simple terms, until you have paid for something, it isn't yours to sell.
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