Drawbacks from selling overseas ?


I searched the forum engine and couldn't find much info on this, but occasionally when I'm selling something,I'll put in U.S. only in the ad. I still get an occasional e-mail from somewhere else in the world( today from a gentleman in Seoul, Korea ) requesting to buy anyway. Let's say I don't get any reasonable offers within a certain time frame and this guy in Korea is still willing to pay the full amount.What are the drawbacks for me the seller ? Is there a safe and protected form of payment from the buyer ? I would like to hear some recommendations and/or experiences. Thanks.
sherod

Showing 1 response by swampwalker

I've bought and sold abroad (from Australia, to Singapore). Albert accurately summed up the issues. In addition to wire transfer, Bidpay/Western Union is also available to send funds in US$. There are some hassles regarding shipping, but in general its not too bad. The biggest concern would be fees for wire transfer, customs, etc., and the language barrier. In both cases language was no problem, but I can see how it could become one if the person is not fluent in English. BTW, the DAC i bought from Australia was shipped directly to the manufacturer, who did the voltage conversion from 220-110,a nd checked out the whole unit for $50. And I did enjoy meeting folks from the other side of the world. But you will have to be persistent and thorough. I would also be very careful about credit cards and foreign bank checks, esp. if not in US$.