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6 March 2008, 12:29 PM | #1 |
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Another one...just today.
Early this morning I received an email from a potential buyer in CA wanting to buy the Milguass.
An hour later he called...his condition was for me to overnight the watch immediately as soon as his wire transfer appeared in my account. The watch was needed for his Friday Las Vegas watch show. With past experience in bank EFT, knowing EFT funds would not be avail until next business day though transaction posted as "pending" on same day. Told the buyer but he insisted this was incorrect and should go on with the deal. I even offered have watch shipped to a Las Vegas address of his choice. but deal was off... Later I had my source ran a trace on his name and business address, all returned negative. Watch out for this type of transaction...EFT could easily be retracted once buyer know the merchandise has been shipped. Bottom line...Don't ship anything until money is in your possession. TIA |
6 March 2008, 12:42 PM | #2 |
2024 ROLEX DATEJUST41 Pledge Member
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EFT?
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6 March 2008, 01:03 PM | #3 |
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6 March 2008, 01:06 PM | #4 |
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Real Name: Kurt
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Need to add that one to the list now.....
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“This is your last chance. After this, there is no turning back. You take the BLUE pill - the story ends; you wake up in your bed and believe whatever you want to believe. You take the RED pill - you stay in Wonderland, and I show you how deep the rabbit hole goes.” Rolex Submariner 116610LV Hulk | Rolex GMT 16710 Pepsi | Omega Speedmaster “Speedy Tuesday” | Tudor Black Bay 79220R “ETA Rose” | Tudor Pelagos Blue Dial | Rolex Submariner Yellow Gold 116618LB | Rolex Milgauss “Z-Blue” 116400GV |
6 March 2008, 01:31 PM | #5 |
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It's a scary world out there...
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Rolex. The Rolex of watches. 16570 Expy2 Noir, 116710 GMT Master II, 2552.80 SMP |
6 March 2008, 05:58 PM | #6 |
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yup, "pending" can be reversed.
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6 March 2008, 07:21 PM | #7 |
Banned
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Location: tampa bay
Watch: 1680 18k sub
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always wait until money cleard!!!!!!
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7 March 2008, 12:08 AM | #8 |
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Real Name: Brandon
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Is EFT different from a wire transfer? Because I thought a wire transfer couldn't be recalled once done?
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7 March 2008, 02:12 AM | #9 |
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I'm in the high end rare coin biz, single coins $10,000-$100,000 range. I have a "wash" account that I have buyers wire/eft/ach-whatever into. When the money is there, I withdraw it immediately and put it in another bank account. That way, no matter what they try, there's just nothing there to get back.
The account costs very little and is just a minor hassle to use.
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Rolex 116600 Sea-dweller Montblanc Solitaire Doué Black & White Legrand FP Montblanc Solitaire Doué Black & White RB Montblanc Meisterstück Diamond Mozart BP Montblanc Meisterstück Mozart BP |
7 March 2008, 03:06 AM | #10 |
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WTF- Scammers
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7 March 2008, 03:36 AM | #11 |
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People are truly amazing aren't they (both good and bad) *shakes his head*
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Daytona 116520 |
7 March 2008, 03:38 AM | #12 |
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Real Name: Howard
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I recently sold a watch and asked my banker about wire transfers, direct deposits, etc. The only way that money is available immediately is if the person deposits cash directly to your account. This can be done by providing the person with your name, state and bank. For example I use Bank of America. The buyer could go to a branch of BA, ask to deposit cash to my account (name and state only necessary ID). Then I can call the bank and they will confirm cash was dposited. At that point the buyer can only get the money back from me. Wire transfers are pending for at least 24 hours. We all hopefully know that cashier checks and money orders can be faked, and you would not know for several days.
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7 March 2008, 03:45 AM | #13 |
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7 March 2008, 03:54 AM | #14 |
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Buying online
Any recommended trusted companies online to buy from?
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7 March 2008, 04:02 AM | #15 |
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Thank for sharing!
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13 March 2008, 10:56 PM | #16 |
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this is incredibly scary and helpful. i didnt realize the lengths these experienced people will go to. but if you know what to look for, you can take precautions.
thank you very much for the advice.
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meteor flying to Earth onto my wrist... 116509 Daytona Meteorite, 116520 Daytona Black, 116710 GMTIIC, 16013 DATEJUST, CARTIER SANTOS 100 W20090X8, IWC Big Pilot, IWC Top Gun "Everything works out in the end. If it hasn't worked out, it's not the end." |
15 March 2008, 06:31 AM | #17 |
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One more thing...
Check buyer's references...not just seller. |
15 March 2008, 10:00 AM | #18 |
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Real Name: Steve
Location: The O.C.
Watch: DD 40
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Just to be safe I always wait 48 hours after a wire transfer to ship anything and then ONLY if I have the ability to pull the money out of my account. I also use a very extra checking account I set up just for these types of situations. Once it is there I transfer it out into another account and then I ship the item.
K4S |
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