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ESCROW SERVICE

ESCROW FACILITY SERVICE:

For  many years Don Mayer at the Parachute Shop has acted as a middleman for the seller and the buyer for used skydiving gear. I do this at no charge. I want to make sure neither the seller or buyer gets screwed.

I hold the buyers money in our escrow account, we receive the sellers equipment for inspection, and if the buyer accepts the gear, the seller tells me to release the gear after payment.

The buyer can select to send payment direct to the seller, or pay with a credit or PayPal.  This protects the seller and the buyer. If the buyer uses our credit card service there is a 3% credit card fee.

There is absolutely no other charges for this service.

If you would like to use this service contact Don Mayer, 978-433-8550

GETTING STARTED

(Published in the June 2006 issue of Skydiving Magazine.)

If the used skydiving gear you are buying isn't local or hasn't been serviced by your local rigger recently, a "pre-buy" inspection should be a condition of the final sale. Having an established rigger, rigging loft or drop zone owner act as the middle-man in all used gear purchases not only protects the buyer, but also the seller.

As the potential buyer, you want to know the used container, canopy or automatic opener is as advertised and is airworthy. You also want to make sure the container actually fits you.

Once you've determined a certain piece of used skydiving gear seems to be the right size, condition and price, you will want to make arrangements to have the items shipped to your rigger for a pre-buy inspection. If this involves a container, make sure you arrange to be there after delivery to make the most important determination: fit. If the container doesn't fit properly, it's not going to matter if it's airworthy or not. Harnesses can be modified or resized, but the cost of harness work can add hundreds of dollars to your used gear purchase.

Before shipping, the seller will want to know you have the money for the gear. The rigger, rigging loft or drop zone receiving the gear for the pre-buy inspection can hold a check, money order or credit card information as an escrow service, pending the pre-buy inspection. If the buyer is happy with the gear, payment can be sent to the buyer with the gear staying in possession of the rigger until payment has cleared. This protects the seller from a bum buyer running off with the gear without paying.

The details of who pays for shipping to the rigger (and who would pay for the shipping back if the gear doesn't fit or isn't what was expected) should be worked out beforehand. It should also be decided who pays for the inspection/rigging of the gear (usually the buyer).

If the gear is as advertised and fits, payment is sent. Once payment clears, the seller contacts the rigger or drop zone to release the gear to the buyer. If the gear isn't as advertised, or there is extra repair work that needs to be completed by the rigger, then a discussion has to take place to decide if the gear goes back to the seller or if a lower price is negotiated.

Most of the time if the seller agrees to a pre-buy inspection and the buyer agrees to an escrow service arrangement of payment, the deal goes smoothly. More than likely the gear will be as advertised and the payment will clear.

New skydivers should beware and shy away from a skydiver selling gear that won't agree to a pre-buy inspection. And above all else, ask your trusted instructor or rigger about any used (or new) gear deal before purchase.

 


TOLL FREE: 1-800-USA-CHUTE (1-800-872-2488)  |  PHONE: 1-978-433-8550  |  FAX: 1-978-433-3264     |     E-MAIL: donmayer@parachuteshop.com
Parachute Shop - Pepperell Airport - 165 Nashua Road - Pepperell - MA 01463 USA
COPYRIGHT 2017 Parachute Shop .All rights reserved

All prices are subject to change without notice, any manufactures price increases or any wrong prices on our web site that have not been updated are always subject to the current prices, All photos, pictures, text and graphics may not be used without prior permission. All Prices subject to change without notice. All rights reserved. Certain content on this website may be licensed by third parties, and any copyright, trademarks or service marks in such content belong to the respective third parties. Don Mayer , Master Rigger, FAA Designated Parachute Rigger Examiner, FAA DPRE, Skydiving, Skydiving Canopy Tracking System, Skydiving Center, Parachute, Warbird Parachutes, BA-22, Seat Parachutes, Emergency Parachutes, Pilot Parachutes, Vigil, Vigil AAD, Cypres, Parachute Rigging, Packing, Inspection, Soaring, Aerobatic, Glider Supplies, Neumann Gloves ,Skydiving Gear ,Cypres, Pro-Track ,Reserve Canopies ,Sabre, PD Wings, Javelin Odyssey, Mirage, Helmets, M3T, Military , AAD's, Altimeter Accessories, books, canopies, Complete Gear Packages, Student Gear, Gear Bags, Gloves, Helmets, Instruments, Jumpsuits, Knives, Logbooks, Para-Sails, Pilot Emergency Gear, Parachute, Supplies, Rigging Tools, Parachute Equipment Web Site