Cereco International, the on-line equipment auction facility run by John Lethbridge, believes it has found a way to protect both buyers and sellers from fraud, without the need to use a credit card. The solution, the company believes, is to be found on their two new sites.

Cereco Used Trade Auctions is again for goods supplied by manufacturers and distributors but will now include VAT registered rental companies, installers and VAT registered sole traders. All of the equipment will be ex-rental, ex-installation or part-exchanged audio, lighting, video or special effects. All of the sellers on this site are known to Cereco International, and have to enter into a written agreement to fulfil certain conditions including replacing any goods not received in the condition described. Buyers deal directly with the seller. This service is completely free to sellers if no sale is achieved.

Gearmarket UK is for goods supplied by private individuals and small businesses who are not VAT-registered. All the sellers on this site have to agree in writing to Gearmarket UK collecting payment for their goods, which is then held for 72 hours while the buyer checks the goods and either authorizes payment to the seller or ask for the goods to be collected and returned, in which case, the buyer received a 100% refund. This service is completely free to sellers for sales less than £250. For sales over £250, Gearmarket UK take a 10% commission.


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