• Competitor rules

    Please remember that any mention of competitors, hinting at competitors or offering to provide details of competitors will result in an account suspension. The full rules can be found under the 'Terms and Rules' link in the bottom right corner of your screen. Just don't mention competitors in any way, shape or form and you'll be OK.

Selling GPU to CEX

Oof not to be that guy but isn't this mentioning competitors >< well, I saw a 3080 fe in 'such a place' for £1700 a few days ago.. I don't know what crazy fool sold it to them and didn't just list it on other sites themselves.

In the case of a 2080, cant you trade it here on the forum?
 
I don't really understand why you don't want to sell it face to face through Facebook marketplace. There's almost no risk, you can show the buyer its working and they pay cash. If they Rob you, you report to the police as with anything and insurance should deal with it -you literally can't lose, and to be perfectly honest I don't understand why you are so paranoid. Is life really so degraded that you don't trust other human beings in the UK?

In Finland we have a marketplace with no third party, basically gumtree, and what you advertise you sell for cash upfront through bank transfer or cash in hand. Anything goes wtong you report it to the police. Anyone doing pretty crime who wants a criminal record for 600£, well lol. Their name is directly linked to their bank information and their digital security number, they are pretty easy to track down after by the authorities. To avoid any risk you just sell for cash in hand.

Imo advertise on Facebook and cash in hand- you can prove its working to the buyer too so trust goes both ways.
 
chilipeppersc said:
I don't really understand why you don't want to sell it face to face through Facebook marketplace. There's almost no risk, you can show the buyer its working and they pay cash. If they Rob you, you report to the police as with anything and insurance should deal with it -you literally can't lose, and to be perfectly honest I don't understand why you are so paranoid. Is life really so degraded that you don't trust other human beings in the UK?

In Finland we have a marketplace with no third party, basically gumtree, and what you advertise you sell for cash upfront through bank transfer or cash in hand. Anything goes wtong you report it to the police. Anyone doing pretty crime who wants a criminal record for 600£, well lol. Their name is directly linked to their bank information and their digital security number, they are pretty easy to track down after by the authorities. To avoid any risk you just sell for cash in hand.

Imo advertise on Facebook and cash in hand- you can prove its working to the buyer too so trust goes both ways.
Click to expand...

this is what I did

but couldnt show it working height of the lockdown
 
chilipeppersc said:
I don't really understand why you don't want to sell it face to face through Facebook marketplace. There's almost no risk, you can show the buyer its working and they pay cash. If they Rob you, you report to the police as with anything and insurance should deal with it -you literally can't lose, and to be perfectly honest I don't understand why you are so paranoid. Is life really so degraded that you don't trust other human beings in the UK?

In Finland we have a marketplace with no third party, basically gumtree, and what you advertise you sell for cash upfront through bank transfer or cash in hand. Anything goes wtong you report it to the police. Anyone doing pretty crime who wants a criminal record for 600£, well lol. Their name is directly linked to their bank information and their digital security number, they are pretty easy to track down after by the authorities. To avoid any risk you just sell for cash in hand.

Imo advertise on Facebook and cash in hand- you can prove its working to the buyer too so trust goes both ways.
Click to expand...

Mate I live in the East End of Glasgow, people who meet in car parks to exchange £600 around here don't tend to be selling graphics cards, and as far as showing it working I would be wary about inviting someone into my house, It's not really an issue of trusting human beings but more about using common sense, I personally know folk around here that would quite gladly take a criminal charge for £50 never mind £600 lol,

Finland sounds really charming though, I'll need to visit sometime.

I'm taking it in today to save me the hassle, thanks everyone for the replies.
 
I would try and sell locally to someone who needs it. As long as your not doing any trades down at the docks at midnight, I think you will be safe. I know a few people who have sold on popular sites to other people locally and things have gone well. Just meet in a public place and you will be fine.
 
Your a man of morales which is very commendable. But as people have said CEX is where I would sell it. If people want to pay the higher price for cards then there is nothing you can do about it.

Do what’s best for you.

Good luck.
 
Freakaknight said:
Oof not to be that guy but isn't this mentioning competitors >< well, I saw a 3080 fe in 'such a place' for £1700 a few days ago.. I don't know what crazy fool sold it to them and didn't just list it on other sites themselves.
Click to expand...
People are prepared to sell there because:
a) They like the security of it compared to ebay scams etc
b) Whilst you make less profit, you still make a profit which is quite rare for a safe, hassle-free sale. Picking up a 3080 for £649 and then flogging it to CEX for double that (a few weeks ago it was around that) is just a nice bit of arbitrage without having to delve into traditional scalping practices with gen pop and the associated risks that entails.

Obviously for professional scalpers they will want the bigger profits on offer elsewhere and probably do enough volume that they can take the odd hit here and there.
 
CEX were offering £380 for my 1080ti, I sold it on eBay for £515. Not everyone on eBay is a scammer, there are people who just genuinely want a new GPU, the guy who bought mine was upgrading from a 980.
 
chilipeppersc said:
I don't really understand why you don't want to sell it face to face through Facebook marketplace. There's almost no risk, you can show the buyer its working and they pay cash. If they Rob you, you report to the police as with anything and insurance should deal with it -you literally can't lose, and to be perfectly honest I don't understand why you are so paranoid. Is life really so degraded that you don't trust other human beings in the UK?

In Finland we have a marketplace with no third party, basically gumtree, and what you advertise you sell for cash upfront through bank transfer or cash in hand. Anything goes wtong you report it to the police. Anyone doing pretty crime who wants a criminal record for 600£, well lol. Their name is directly linked to their bank information and their digital security number, they are pretty easy to track down after by the authorities. To avoid any risk you just sell for cash in hand.

Imo advertise on Facebook and cash in hand- you can prove its working to the buyer too so trust goes both ways.
Click to expand...

Can you not understand why people don't want to deal with the hassle of potential robbery/scams? Besides that fact many don't even have faceache accounts.
 
Gavster said:
CEX were offering £380 for my 1080ti, I sold it on eBay for £515. Not everyone on eBay is a scammer, there are people who just genuinely want a new GPU, the guy who bought mine was upgrading from a 980.
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For me it depends whether it's something really new/valuable and how much premium you get from ebay. With a card worth over a grand I'd be very nervous selling on ebay despite the potential gains on offer. But something like my old RX480, it wouldn't be the end of the world if I got ripped off as I wouldn't have got a huge amount from CEX etc. So I sold that on ebay and got nearly £200 more than CEX. But my 1070ti on the other hand, the sold prices on ebay are pretty low, once you take fees into account I'd be lucky to get perhaps £50 more than selling to CEX.

Then you've got MM but it's only really worth selling there if you paid big bucks to start with; if you landed a good deal originally then you are effectively blocked from selling there unless you want to take a hit. CEX are offering more for my 1070ti than I am allowed to sell it on MM for example. The RX480, I got more than double on ebay than I was allowed to get on MM.
 
From experience they do not need the box for the Graphics card but it would be best to sell it with as many of the original accessories as possible :) Though CEX may be hassle free, In my opinion, you would be better off selling on FBM so you're not forcing another person to pay the scalped CEX price for the card.
 
varkanoid said:
To be fair CEX markups have always been high its not that much higher than normal times. Personally I would take it to CEX and dont worry about anything else with £600 in your hands.
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if cex are buying cards at silly high prices and if gpu prices decline wont cex take a massive loss if they cant sell for profit? always wondered about that
 
HangTime said:
For me it depends whether it's something really new/valuable and how much premium you get from ebay. With a card worth over a grand I'd be very nervous selling on ebay despite the potential gains on offer. But something like my old RX480, it wouldn't be the end of the world if I got ripped off as I wouldn't have got a huge amount from CEX etc. So I sold that on ebay and got nearly £200 more than CEX. But my 1070ti on the other hand, the sold prices on ebay are pretty low, once you take fees into account I'd be lucky to get perhaps £50 more than selling to CEX.

Then you've got MM but it's only really worth selling there if you paid big bucks to start with; if you landed a good deal originally then you are effectively blocked from selling there unless you want to take a hit. CEX are offering more for my 1070ti than I am allowed to sell it on MM for example. The RX480, I got more than double on ebay than I was allowed to get on MM.
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Yes, I don`t think I would take the risk of selling a 3080 on ebay but I haven`t had a bad experience yet so I can understand why people go to CEX to avoid potential troubles.
 
I've bought and sold stuff to CEX before. They're fine

'Scalping' at the end of the day is just making profit on an item.
CEX wouldnt exist as a business if they didnt sell things for more. Granted the only difference with computer hardware is people re-sell instead of use the items in their machine. I suppose you could say the same about any item though. My dad's an antique dealer, is he a glorified scalper? I suppose yes. He buys items he finds for cheap, cleans them up a bit and re-sells with better descriptions to people he knows wants X item.

Computer hardware people tend to get the hump more because they cannot find one at RRP and/or dont want to pay the inflated prices. Isnt that the same with any item that's in short supply that many people want to buy?
 
djsco said:
Mate I live in the East End of Glasgow, people who meet in car parks to exchange £600 around here don't tend to be selling graphics cards, and as far as showing it working I would be wary about inviting someone into my house, It's not really an issue of trusting human beings but more about using common sense, I personally know folk around here that would quite gladly take a criminal charge for £50 never mind £600 lol,

Finland sounds really charming though, I'll need to visit sometime.

I'm taking it in today to save me the hassle, thanks everyone for the replies.
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As interest, did they take it at the price listed on the website?
 
Yes they will honour the price if it's within 3 days. You can effectively keep extending this by putting additional sell orders through every 3 days unless the price drops.
Guest2 said:
I've bought and sold stuff to CEX before. They're fine

'Scalping' at the end of the day is just making profit on an item.
CEX wouldnt exist as a business if they didnt sell things for more. Granted the only difference with computer hardware is people re-sell instead of use the items in their machine. I suppose you could say the same about any item though. My dad's an antique dealer, is he a glorified scalper? I suppose yes. He buys items he finds for cheap, cleans them up a bit and re-sells with better descriptions to people he knows wants X item.

Computer hardware people tend to get the hump more because they cannot find one at RRP and/or dont want to pay the inflated prices. Isnt that the same with any item that's in short supply that many people want to buy?
Click to expand...
Scalping is just part of a capitalist market. Your analogy is fair, same goes for classic car scalpers. If you take the argument to extreme nearly all retail is scalping, supermarkets buy food and drink for £x and sell it for £x+y. It's just that things like the internet have removed some barriers to entry that were traditionally in place and joe public can start scalping more in cases where there are rare items, because it is much, much easier for them to find a buyer than 25+ years ago.
 
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