To paraphrase a recommendation from our late friend Kevin Brewer, always use PayPal for these online transactions and always use a credit card as the method of funding so that your credit card company will reverse the charges when there is a problem.
If the other party insists on transferring money as a "Gift" offer to pay the PayPal fee. If this is unacceptable to the other party, I would be hesitant to proceed.
In addition, it is always a good idea to use an escrow service. Ones are listed as part of the sticky notes on the top of the Wanted/For Sale Forum and I know that Scot at Proficient Billiards also offers an escrow service. It is inexpensive and also acts as a test of the other party to the transaction. If the other party is not willing use an escrow service, walk away. When it is a trade, always use an escrow service. When it is a trade, always use an escrow service. When it is a trade, always use an escrow service.
iTrader is a measure of the veracity, honesty, etc. of the other party, but sometimes otherwise good people go bad for various reasons.
It is also a good idea to create some sort of dialog with the other party to get a feel for the personality of the person in whom you want to place your trust. Are they forthcoming with information? Do they offer to send pictures? Do they offer to ship immediately? Are they familiar to others you may know or are acquainted? Or do they offer vague information, are short in their responses, avoid questions, or are rude? Those are all warning signs.
Bottom line, 90% of what is being traded and sold here is a duplication of something else; these are manufactured products. Yes some are customs, one-offs, or low production and/or a bit rare, but regardless, in time something identical or comparable will become available. There is no reason to be in a rush.
I feel bad for iksnorm. This shouldn't have happened and unfortunately is a reflection on this forum and his perception of the pool playing community here in the U.S.