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20 June 2018, 11:38 AM | #1 |
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Join Date: Dec 2012
Location: Maryland
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Proper procedure for trading?
Hi,
Hoping to get some better insight/get more comfortable with "normal" processes for trading a watch. The other day I reached out to a seller on the FS section and inquired about a trade. We exchanged messages and agreed on terms. I spoke to the gentleman this evening on the phone to discuss shipping details. First off, I have done research on the seller and he has numerous records of favorable transactions and has a lengthy record on the forum. Seller also appears to have more of a business selling watches rather than just an enthusiast who is selling personal collection. The process....I ship my watch overnight (seller paid for shipping and sent shipping label). Seller inspects watch, upon approval he then will overnight the watch that I am trading for. Is this normal procedure (I honestly feel comfortable with the seller, just having never traded anything over the internet I am more curious)? Seems that in the trade I am the main one who is assuming all of the risk (I can't help but think of the less favorable outcomes). Thanks for any feedback. |
20 June 2018, 12:16 PM | #2 |
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Real Name: Jason
Location: USA
Watch: Sea Dweller
Posts: 8,556
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Yes.. If you are happy with the seller and he/she has an acceptable amount of positive feedback.
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20 June 2018, 12:48 PM | #3 |
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Real Name: PaulG
Location: Georgia
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It would be OK for you if this is a top seller with long-term impeccable feedback.
Especially if the person offering the trade has no feedback despite being a long-term member like yourself - or who may not be a member long. I did this in my early days here with Tony (justrolexes) and it work fine. Now if it was a seller on a lesser level, I’d think twice before jumping. Instead, I’d sell the watch myself first and then buy the one the seller had. Sent from my iPhone using Tapatalk Pro
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20 June 2018, 04:54 PM | #4 | |
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Quote:
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@imrootbeer7 |
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20 June 2018, 06:11 PM | #5 |
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Location: Los Angeles
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Whoever has the longer/better track record usually is the receiver of the initial watch normally...
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20 June 2018, 10:09 PM | #6 |
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Real Name: Pittsburgh Dad
Location: Pittsburgh, PA
Watch: '66 Submariner
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yes just deal with a trusted source and you'll be ok. gl.
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20 June 2018, 10:23 PM | #7 |
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Join Date: Mar 2010
Real Name: MJC
Location: PHL USA
Watch: IWC, Rolex, AP
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I've never traded, but I've bought and sold my fair share.
The first watch I ever sold went to a familiar dealer and since I was a first time seller I was OK with sending him the watch first for inspection etc. He sent me a label, I sent the watch, then he sent the money. All went well. Do your due diligence on the buyer/trader and you should be OK. All the best
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20 June 2018, 10:26 PM | #8 |
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Join Date: Dec 2012
Location: Maryland
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Thanks for replies!
Shipping the watch now! :) |
21 June 2018, 12:24 AM | #9 | |
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Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
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Quote:
I respect that some traders may feel better with physical presence. But that fact in and of itself doesn’t add to the trust factor IMHO - it is the track record over a long period of time. Here’s why - a few years back a very respected member here shipped a watch to a good seller who had a physical presence. But the seller advised that package never arrived. Shipping company had proof of delivery though. It became quite the fandango in a thread here. After some intervention, seller discovered an employee had “gone rogue” and had stolen several packages. Obviously not your regular case, but shows physical presence can also have its own issues. Sent from my iPhone using Tapatalk Pro
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