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Taking payment when selling bikes at a distance

Discussion in 'Canada' started by cmattina, Mar 11, 2021.

  1. cmattina

    cmattina Long timer

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    I've bought and sold a lot of bikes at a distance because I live in a remote area. Always when paying or selling the money is in the seller's account before bike leaves possession. I always pay and take payment via e transfer.

    I am selling a bike right now and a couple people contacted me, I told them I can ship the bike (they're both real people, not Nigerian Princes). But neither is comfortable sending money up front. They both swear up and down they'll pay as soon as they get the bike and won't kick the tires, etc.. One buyer doesn't trust e transfer and the other just doesn't think the bike is real? I have a buddy that can bring them the bike, and I will pay his gas money (comes out of sale price)

    I don't like the idea. Thoughts?

    FYI: For American readers, e-transfer is a bank-to-bank payment transfer system in Canada, quite a bit different than paypal. Maybe you have it there?
    #1
  2. gpfan

    gpfan a mari usque ad mare

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    Fuck 'em.
    #2
    cal08, Night_Wolf, Wildroamer and 5 others like this.
  3. jeff96

    jeff96 Adventurer

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    That would be a hard no
    #3
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  4. ZoomerP

    ZoomerP Long timer Supporter

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    Consider using an escrow company, and split the cost of the service.
    #4
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  5. cmattina

    cmattina Long timer

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    It's a $3300 cr250
    #5
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  6. jeff96

    jeff96 Adventurer

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    Offer to take extra pictures and video of it starting up.
    If they pay you via PayPal, they get some consumer protection, but document the condition of the bike carefully, otherwise they may tell tales once they receive the bike.
    #6
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  7. ktompkins

    ktompkins Been here awhile Supporter

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    Tompkins, NL, Canada
    Like you, I live in a remote area and have sold/purchased bikes at a distance. Money in your account before it leaves your property. There will always be other buyers.Good luck.
    #7
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  8. cmattina

    cmattina Long timer

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    Yeah I did all that. He thinks he can lose his money via e-transfer.... I've exchanged, over $100k via e transfer because i have a rental property and rent the property i'm in now. never, ever had an isssue.
    #8
    gpfan likes this.
  9. ZoomerP

    ZoomerP Long timer Supporter

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    #9
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  10. Chad M

    Chad M 14880

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    Find someone you trust (friend, relative) and get the bike to a major center for the duration of the sale. Unless the bike is something very special, no one is travelling to you to buy the bike. I would not ship a bike without cash in hand, people are f**king bold today and you stand a good chance of being taken advantage of.
    #10
  11. cmattina

    cmattina Long timer

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    #11
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  12. ZoomerP

    ZoomerP Long timer Supporter

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    Without some form of insurance against theft, I'd skip the deal. It's just too common for bad people to take advantage of good ones.

    Play out the down side if you go along with their plan. You eat the shipping cost and lose the bike. What recourse would you have to recover the loss?
    #12
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  13. Vark

    Vark Long timer

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    No way. And let’s be clear you’re not the one being unreasonable here.

    Are you certain they’re not Nigerian Princes?
    #13
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  14. rob1313

    rob1313 Still learning

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    No money, no bike. No way it would leave my place before cash was in my hands. I like the other posters idea of having someone you trust in a major centre handle the sale. There are a lot of crooked people out there and you wouldn’t even be able to report it stolen because you sent it. You’ve been defrauded. Not an insurance issue. You’d have to sue someone you can’t find and that likely has nothing.
    #14
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  15. Droptarotter

    Droptarotter Long timer

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    Another vote for a no sale until you have the funds.

    Sold a car recently and can't believe the dicks that are out there trying to scam you.

    Good luck!
    #15
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  16. caramelgq

    caramelgq n00b

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    The bike is probably not losing much more value at $3300. Hold onto it until you find a reasonable buyer.
    #16
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  17. flei

    flei cycletherapist

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    No deal. Since neither of them trust you, ask them why you should trust them.
    #17
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  18. ZoomerP

    ZoomerP Long timer Supporter

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    Good point.

    I'm actually ok with mutual distrust on a transaction - which is why I'd have some safety measures in place to prevent a +$3300 screw job.
    #18
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  19. Roqon

    Roqon Been here awhile

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    Send it to me at 123 Vacant Lot, Phugya, PA and I will transfer the funds as soon as the truck arrives.
    #19
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  20. szurszewski

    szurszewski Long timer

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    This is exactly it.

    The only option I can think of that I’d consider would be having them send you a substantial deposit - like, half the agreed price - and then if they bail for whatever reason (including deciding on inspection that your bike is worth less) you keep a predetermined amount to cover your buddy’s expanses and TIME. If they wouldn’t agree to that I absolutely would not except them to follow through on any promise they made. In my experience people expect in others what they’d do themselves - sounds like these guys both expect you to cheat them, so...
    #20