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Thread: escrow services

  1. #1
    my name is Jim BlueDevil63's Avatar
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    escrow services

    I am buying a bike from someone I have never met or seen before and I haven't seen the bike except in pictures (an original '72 Cinelli SC). The guy seems completely straight forward and has sent me tons of pics, including specific requests from me so I am pretty sure the bike exists and he has access to it. Anyway the amount changing hands is significant enough that I am uncomfortable sending the money before I get the bike and he has the opposite issue. So I investigated escrow services and escrow.com came up and I am wondering if anyone has used them or anyone else? escrow.com will charge 3.25% which is alright (about the same as Paypal fees I think).

  2. #2
    Steel is real, baby! frpax's Avatar
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    If the amount is significant enough that you are uncomfortable paying ahead of time, I'd try to figure out a way to go see it in person.
    If that is feasable.

  3. #3
    Wrench Savant balindamood's Avatar
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    Look in "The Facilitator's" sticky. If the bike is near one of them, you may ask them to go take a look for you. If the bike is in Anchorage, I am sure it is a fake, but give me the conact info anyway
    "Where you come from is gone;
    where you are headed weren't never there;
    and where you are ain't no good unless you can get away from it."

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    Senior Member blaise_f's Avatar
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    I bought a high wheel sight unseen from across the country on CL, mailed the check, and everything worked out well in the end. There are still real & good people out there!
    http://bygonebicyclist.com
    Penny-farthing adventures, touring & collecting

  5. #5
    www.theheadbadge.com cudak888's Avatar
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    Quote Originally Posted by balindamood View Post
    Look in "The Facilitator's" sticky. If the bike is near one of them, you may ask them to go take a look for you. If the bike is in Anchorage, I am sure it is a fake, but give me the conact info anyway
    +1 to a facilitator. Best way to get the bike packed the right way too.

    -Kurt

  6. #6
    my name is Jim BlueDevil63's Avatar
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    Thanks guys. I'll check the facilitator thread. Guy is completely willing to pack to my specifications so I don't anticipate any problems there. I already sent him the "how to pack a bike 101" thread.

  7. #7
    26 tpi nut. sailorbenjamin's Avatar
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    I've heard bad things about online escrow service scams. That was a few years ago, though. Things may have changed.
    I have spoken.

  8. #8
    Bianchi Goddess Bianchigirll's Avatar
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    Other than a crank poking through the bottom of a box, thank godd it was only a 600, I have had little issues in dealing with strangers. but I do agree if your nervous use a facilitator. is there a bike shop nearby he can take it to? if he drops it at the shop they can pack and ship it.
    Bianchis '87 Sport SX, '90 Proto (2), '91 Boarala 'cross, '93 Project 3, '88 Trofeo, '86 Volpe, '89 Axis, '79 Mixte SOLD, '99 Mega Pro XL Ti, '97 Ti Megatube, , '90 something Vento 603,

    Others but still loved,; '80 RIGI, '80 Batavus Professional, '87 Cornelo, '86 Bertoni (sold), '09 Motobecane SS, '98 Hetchins M.O., '09 K2 Mainframe, '89 Trek 2000, '?? Jane Doe (still on the drawing board), '90ish Haro Escape

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    Senior Member wtgrantham's Avatar
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    Have done it many times. Always feel better with a facilitator and they are pretty easy to find but I have done it without and had great luck. I was always in a position that, although i would be bummed, I would be able to accept losing the amount I was paying for the bike. I would probably not do it if I thought I could not afford to lose that amount.

  10. #10
    Senior Member brian3069's Avatar
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    Why not use PayPal. Doesn't it offer the same buyer protection for non Ebay and Ebay transaction.

  11. #11
    DRF aka Thrifty Bill wrk101's Avatar
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    Quote Originally Posted by BlueDevil63 View Post
    Thanks guys. I'll check the facilitator thread. Guy is completely willing to pack to my specifications so I don't anticipate any problems there. I already sent him the "how to pack a bike 101" thread.
    I can't over emphasize how important proper packing is to the entire transaction. I have sent that same thread to sellers, and they agreed to use it, then didn't. So far, I am 50/50 on bikes being damaged on shipment (all due to poor packaging). Anymore, I will drive pretty far to avoid the entire bike shipping process, particularly on something really special.

  12. #12
    Rolling along fas2c's Avatar
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    https://escrow.com/index.asp
    I know a lot of instrument buyers/sellers use this company but I have no personal experience and they are expensive.

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