Safest way to sell a watch ?

[Mr MoJo]

I have decided to sell one of my small collection due to lack of wrist time.

I've had an offer on the watch, lower than I'd accept to be honest, however I was wondering about the safest way to transfer funds etc once a price had been agreed.

I've had an e-mail along the lines of "love the watch, am interested, would you take '£ XXXX' for a quick sale. Can do an instant bank transfer if interested". I have responded by e-mail (as no contact number was given) by saying the offer was a bit low but I am open to negotiation and requesting the potential buyer contact me on the number in the ad.

All seems genuine enough, but has got me thinking. I don't have a paypal account, so what would be the safest way to proceed negotiations ?

Not sold anything of value over the 'net before, the car I sold was face to face after initial contact from PH classifieds.

Any tips on avoiding scammers / best way to transact etc ?

Cheers
Simon


eta - this is in no way intended to be seen as an attempt to advertise on the forum. Just a genuine concern of mine as a bit of a newbie to selling on 'tinterweb'.

Edited by Mr MoJo on Tuesday 9th February 09:29

[GingerRob]

You could always ask for a cheque or western union transfer if he is genuine then maybe meet him face to face if it's not too far, just depends on value of watch.

[benny.c]

Bank transfer/BACS/CHAPS is always favourite IMHO, unless you can meet face to face at the bank to pay cash in. I never understand people not wanting to give their bank details to a stranger, when the sort and account numbers are printed on your cheque book.

I'd take a bank transfer over Paypal every time.

Edited by benny.c on Tuesday 9th February 10:28

[Mr MoJo]

benny.c said:

Bank transfer/BACS/CHAPS is always favourite IMHO, unless you can meet face to face at the bank to pay cash in. I never understand people not wanting to give their bank details to a stranger, when the sort and account numbers are printed on your cheque book.

I'd take a bank transfer over Paypal every time.

Edited by benny.c on Tuesday 9th February 10:28

Fair comment

[toohuge]

It depends on where the buyer found your advert. When selling and buying on somewhere like TZ then I have no problem in giving out my account details. (I have a separate 'toy' fund that I use so I always know how much is in there)

My favourite way to deal, especially when buying/selling watches is to meet face to face and deal in cash. That way everyone is happy and it is always fun to meet fellow enthusiasts.

Chris

[Tiggsy]

bank transfer as above...sold all my cars like that - last one, guy was emailed pictures...he transfered funds and came to pick up keys next day (i wasnt even home so wifey handed them over....£25k and i never met the bloke)

[Mr MoJo]

E-mailed the guy again to say that a bank transfer would be OK, Just waiting to see if I get a response now !! Cheers for the advice guys

Edited by Mr MoJo on Tuesday 9th February 22:45

[Mr MoJo]

Don't know why that submitted twice ?!

Edited by Mr MoJo on Tuesday 9th February 22:47