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I do not like fraud

ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
edited February 5, 2019 11:30AM in U.S. Coin Forum

I just canceled a $2500 Paypal payment because I felt very uncomfortable about it with many red flags.

He called me directly, to get a coin off my website.

He said he doesn't do PayPal. Wanted to give me a credit card. I said no because of chargebacks. He asked about wiring me money. I said I would call my bank.

He wants me to ship to an APO address.

The name sounds familiar, I go a search on my previous sales and find that same name did a chargeback on me a 2 years earlier, really, WTF.

I then call him back and tell him of the chargeback which he denies and I tell him I will not do the sale.

He then sends PayPal payment, WTF !!!!

With a mailing address in Germany.

I canceled the sale.

I will not put out his name on a public forum.

I will only discuss this person with other Error Coin dealers with a client looking for big SAE errors. PM if you want, error dealers only.

If it smells funny then it probably is.

Comments

  • Alltheabove76Alltheabove76 Posts: 1,520 ✭✭✭✭

    I would take a wire transfer. Nothing he can do to cancel that once its sent.

    My Liberty Caps
    My Early Large Cents
  • jwittenjwitten Posts: 5,237 ✭✭✭✭✭

    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

  • ashelandasheland Posts: 23,765 ✭✭✭✭✭

    Better safe than sorry. Good move.

    My YouTube Channel

  • PokermandudePokermandude Posts: 2,713 ✭✭✭

    @Alltheabove76 said:
    I would take a wire transfer. Nothing he can do to cancel that once its sent.

    Just make sure the funds in your account are actually from a wire transfer. There is/has been a scam going around where a bogus cheque/money order is deposited to an account, with the scammer saying it's a wire transfer. Receiver of the funds will then have them ripped away from them by their bank once they discover the fraud.

    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • PokermandudePokermandude Posts: 2,713 ✭✭✭

    @jwitten said:
    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

    Paypal will fight on your behalf against a chargeback. As long as you follow the Paypal rules (ship to the confirmed address on file with tracking + signature for certain package values) you should be safe. Payment from a CC direct, it is very difficult (and time consuming) to fight a chargeback.

    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • TradesWithChopsTradesWithChops Posts: 640 ✭✭✭✭

    thanks for the experience. these sorts of posts help us all.

    Minor Variety Trade dollar's with chop marks set:
    More Than It's Chopped Up To Be

  • jwittenjwitten Posts: 5,237 ✭✭✭✭✭

    @ErrorsOnCoins said:

    @jwitten said:
    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

    Because paypal will cover me.

    Paypal covered me on this same person to the tune of $749.99 which is under the signature tracking requirement which should have raised another red flag

    @Pokermandude said:

    @jwitten said:
    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

    Paypal will fight on your behalf against a chargeback. As long as you follow the Paypal rules (ship to the confirmed address on file with tracking + signature for certain package values) you should be safe. Payment from a CC direct, it is very difficult (and time consuming) to fight a chargeback.

    Good to hear. I think the one on me was a long time ago, so maybe policy has changed some or I was not as established then or something.

  • MeshMesh Posts: 86 ✭✭✭

    we need the name

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭

    Ebay, PayPal, Craigslist, Etsy, Amazon.... you name it; the fraudsters lurk in the shadows.

    ``https://ebay.us/m/KxolR5

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    @asheland said:
    Better safe than sorry. Good move.

    Totally agreed !!! :)

    Timbuk3
  • leothelyonleothelyon Posts: 8,492 ✭✭✭✭✭
    edited February 5, 2019 1:21PM

    @ErrorsOnCoins said:

    @jwitten said:
    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

    Because paypal will cover me.

    Paypal covered me on this same person to the tune of $749.99 which is under the signature tracking requirement which should have raised another red flag

    There's the reason why he hates Paypal, they went after him for the $750. I'd be more curious as to why they took him back and if they devulge into that with you than make the deal......Paypal will have your back.

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • yspsalesyspsales Posts: 2,526 ✭✭✭✭✭

    You did the right thing.

    Too many known and unknown reasons not to...

    In the few cases I have wired money for products directly overseas. From my bank thru Deutsche Bank in NY to a bank in Pakistan. Always made me nervous despite a couple transactions each year with the company.

    I have sold a few Rolex watches to a dealer on the left coast. He wired money and it was a breeze.

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    @Outhaul said:
    I do not like it on a plane...
    I do not like it on a train...
    I do not like it oh my gawd!
    I hate, I hate this thing called fraud!

    >

    I do not like it it on ebay...
    I do not like it buying coins from my kayak on the bay ....

    I do not like it on paypal ...
    I do not like it when he name drops my pals ....

    I do not like it on my website ...
    I do not like it earned from hindsight ...

    I do not like it the coin market...
    I do not like it on money I where I want to park it ....

    :):):)

  • segojasegoja Posts: 6,141 ✭✭✭✭

    Paypal will fight on your behalf against a chargeback. As long as you follow the Paypal rules (ship to the confirmed address on file with tracking + signature for certain package values) you should be safe. Payment from a CC direct, it is very difficult (and time consuming) to fight a chargeback.

    Thats true, but if the CC decides in the buyers favor nothing PayPal can do. Trust me it happens. They can claim all kinds of things, like defective product, fake product etc. PayPal will never tell you why because its "confidential" you'll just loose.

    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    Good catch @ErrorsOnCoins !

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭
    edited February 5, 2019 6:21PM

    Tell him to Paypal it to me if he MUST ..... then I'd find a handful of errors for him :D

  • numbersmannumbersman Posts: 1,039 ✭✭✭✭

    I only like fraud if it comes with a side of fries! If it walks like a duck........clearly better to stay away from fishy deals and this smells of fish!

    Collector of numeral seals.That's the 1928 and 1928A series of FRNs with a number rather than a letter in the district seal. Owner/operator of Bottom Line Currency
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Mesh said:
    we need the name

    Yep.

  • BAJJERFANBAJJERFAN Posts: 31,330 ✭✭✭✭✭

    @ErrorsOnCoins said:

    @Alltheabove76 said:
    I would take a wire transfer. Nothing he can do to cancel that once its sent.

    I was going to, he wanted my routing number and account number, but from previous dealing with that person, I wanted none of it.

    He says he hates paypay and doesn't have an paypal account, then pays through paypal minutes later. All weird.

    I've heard of people setting up a blind account to accept wire transfers so the sender doesn't have your real bank info.

    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,330 ✭✭✭✭✭

    @Pokermandude said:

    @Alltheabove76 said:
    I would take a wire transfer. Nothing he can do to cancel that once its sent.

    Just make sure the funds in your account are actually from a wire transfer. There is/has been a scam going around where a bogus cheque/money order is deposited to an account, with the scammer saying it's a wire transfer. Receiver of the funds will then have them ripped away from them by their bank once they discover the fraud.

    Won't your bank know it's a wire transfer since you normally have to pay a fee to accept it?

    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,330 ✭✭✭✭✭

    @Pokermandude said:

    @jwitten said:
    Question: If you don't take credit cards, why take paypal? I've had someone scam me using paypal before, by doing a chargeback on their credit card that they used to pay via paypal.

    Paypal will fight on your behalf against a chargeback. As long as you follow the Paypal rules (ship to the confirmed address on file with tracking + signature for certain package values) you should be safe. Payment from a CC direct, it is very difficult (and time consuming) to fight a chargeback.

    Yep. The bank will take the money from PP and not from you.

    theknowitalltroll;
  • 1Mike11Mike1 Posts: 4,427 ✭✭✭✭✭

    I hope the buyer learned from the errors of his ways.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • 1Mike11Mike1 Posts: 4,427 ✭✭✭✭✭

    @Coinstartled said:

    @1Mike1 said:
    I hope the buyer learned from the errors of his ways.

    Probably thought he cud get away with it.

    Either that or he couldn't tell the difference between tired dies and tired eyes.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • jmlanzafjmlanzaf Posts: 36,743 ✭✭✭✭✭

    @segoja said:
    Paypal will fight on your behalf against a chargeback. As long as you follow the Paypal rules (ship to the confirmed address on file with tracking + signature for certain package values) you should be safe. Payment from a CC direct, it is very difficult (and time consuming) to fight a chargeback.

    Thats true, but if the CC decides in the buyers favor nothing PayPal can do. Trust me it happens. They can claim all kinds of things, like defective product, fake product etc. PayPal will never tell you why because its "confidential" you'll just loose.

    THIS! if the funding source is a credit card, paypal defers to the CC

  • stevekstevek Posts: 30,214 ✭✭✭✭✭

    @ErrorsOnCoins said:
    I just canceled a $2500 Paypal payment because I felt very uncomfortable about it with many red flags.

    He called me directly, to get a coin off my website.

    He said he doesn't do PayPal. Wanted to give me a credit card. I said no because of chargebacks. He asked about wiring me money. I said I would call my bank.

    He wants me to ship to an APO address.

    The name sounds familiar, I go a search on my previous sales and find that same name did a chargeback on me a 2 years earlier, really, WTF.

    I then call him back and tell him of the chargeback which he denies and I tell him I will not do the sale.

    He then sends PayPal payment, WTF !!!!

    With a mailing address in Germany.

    I canceled the sale.

    I will not put out his name on a public forum.

    I will only discuss this person with other Error Coin dealers with a client looking for big SAE errors. PM if you want, error dealers only.

    If it smells funny then it probably is.

    <<< If it smells funny then it probably is. >>>

    I basically agree with ya, but why pass on a sure thing? "Probably" doesn't mean always.

    I get this situation occasionally and I tell them wire transfer and shipping only to a US address. The wire transfer is guaranteed money, and they can go thru the procedure of using a freight forwarding service. I ship the item UPS or FedEx.

    Most inquiries wind up not doing it, but some do, and I've never had any problem with the ones that do.

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