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PostPosted: Mon Jun 20, 2011 1:35 pm 
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JacksonStone wrote:
RJRJRJ wrote:
Thats not the way the scammers do it. If you give them your wire info, they can walk into your bank and deposit a bad check into your account. Since you were expecting a wire, you check your transaction history and see a deposit of the correct amount. Unfortunately, you dont realize that this was NOT a wire. After a couple of days, the bank finds out the check is bad, and reverses the transaction. Buyer has his watch, and you have no money.

I'm guessing, though, if we follow Tom's advice and double-check with the bank to make sure the funds are actually there, we should be safe.


Of course, as long as you can verify that its a wire. If its a regular deposit, the bank will sometimes release the money to you and tell you that its "there," when in reality they are doing you a favor by giving you early access, and can still reverse it if the check comes back.

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PostPosted: Mon Jun 20, 2011 2:34 pm 
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RJRJRJ wrote:
Of course, as long as you can verify that its a wire. If its a regular deposit, the bank will sometimes release the money to you and tell you that its "there," when in reality they are doing you a favor by giving you early access, and can still reverse it if the check comes back.

Awareness of the risks is half, or most of, the battle, it seems. My knowledge on the subject has expanded light-years with this thread. Thanks again.


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PostPosted: Mon Jun 20, 2011 3:03 pm 
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Roffensian wrote:
A totally separate company - like Joe Schmo shipping insurance inc.


I Googled the hell out of this and the closest I get is Joe Schmo Bail Bonds & Title Loans. Same joint??

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PostPosted: Mon Jun 20, 2011 3:09 pm 
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sharkman wrote:
I Googled the hell out of this and the closest I get is Joe Schmo Bail Bonds & Title Loans. Same joint??

:uplaugh: I'd claim some of my clients use them, but since we don't have bail bondsmen in Oregon, I'd be lying.


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PostPosted: Mon Jun 20, 2011 3:35 pm 
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RJRJRJ wrote:
JacksonStone wrote:
mfserge wrote:
Someone on here recently was scammed when a buyer deposited a bad cashiers check into the sellers bank.

Do you mean it was a counterfeit check? I didn't think cashiers' checks could be bad, because they're issued by banks on their own funds.


Thats not the way the scammers do it. If you give them your wire info, they can walk into your bank and deposit a bad check into your account. Since you were expecting a wire, you check your transaction history and see a deposit of the correct amount. Unfortunately, you dont realize that this was NOT a wire. After a couple of days, the bank finds out the check is bad, and reverses the transaction. Buyer has his watch, and you have no money.


Holy Shi# that is scary!!!! I may just have to do more screening of the buyers when I sell my next piece. Im now worried about the money sitting in my acct from the SOH46.

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PostPosted: Mon Jun 20, 2011 4:10 pm 
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JacksonStone wrote:
RJRJRJ wrote:
Of course, as long as you can verify that its a wire. If its a regular deposit, the bank will sometimes release the money to you and tell you that its "there," when in reality they are doing you a favor by giving you early access, and can still reverse it if the check comes back.

Awareness of the risks is half, or most of, the battle, it seems. My knowledge on the subject has expanded light-years with this thread. Thanks again.


I am 10X more confident in any upcoming sales and particularly international sales from keeping tabs on this thread. Thanks fellas.


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PostPosted: Mon Jun 20, 2011 4:31 pm 
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RJRJRJ wrote:
JacksonStone wrote:
mfserge wrote:
Someone on here recently was scammed when a buyer deposited a bad cashiers check into the sellers bank.

Do you mean it was a counterfeit check? I didn't think cashiers' checks could be bad, because they're issued by banks on their own funds.


Thats not the way the scammers do it. If you give them your wire info, they can walk into your bank and deposit a bad check into your account. Since you were expecting a wire, you check your transaction history and see a deposit of the correct amount. Unfortunately, you dont realize that this was NOT a wire. After a couple of days, the bank finds out the check is bad, and reverses the transaction. Buyer has his watch, and you have no money.


That's exactly why it's imperative to double and triple check with your bank prior to shipping that an actual WIRE TRANSFER was processed and NOT an account deposit. Wires need to be funded with cash on hand so its very safe for the seller.

Like Tom, I also have a separate account that I use for sales. I direct deposit $300/month in that account and in use it as my gas card. As soon as I get a wire, the funds are immediately withdrawn in person, in cash, and deposited into another account at a different bank.

As Roff said, there are third party insurance companies that will insure the item you are shipping....it's a real pain in the @$$. I believe dhalem uses a shipping company with higher thresholds for insurance, maybe he can comment on that if he reads this.

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PostPosted: Tue Jun 21, 2011 7:13 am 
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MacApple wrote:
Does anyone know what courtesy is these days when inquiring/buying a watch? I just recently sold my Soh46 ,and am amazed at the level of courtesy buyers have. I had 2 people ( at different times )tell me they wanted the watch ,and were gonna pay through wire transfer, sent the routing and acct number to them, only for them to disappear . I emailed the interested parties ,and neither one responded to any of the emails.. Am I asking to much for a grown up to say I had a change of heart I'm not interested anymore?



I would be more concerned about two people who I know nothing about having my bank routing and account numbers.


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PostPosted: Tue Jun 21, 2011 7:21 am 
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mrbill wrote:
MacApple wrote:
Does anyone know what courtesy is these days when inquiring/buying a watch? I just recently sold my Soh46 ,and am amazed at the level of courtesy buyers have. I had 2 people ( at different times )tell me they wanted the watch ,and were gonna pay through wire transfer, sent the routing and acct number to them, only for them to disappear . I emailed the interested parties ,and neither one responded to any of the emails.. Am I asking to much for a grown up to say I had a change of heart I'm not interested anymore?



I would be more concerned about two people who I know nothing about having my bank routing and account numbers.



Ever pay for anything with a check? Do you get references from the store clerk you give the check to? Granted, I rarely use a check anymore, but the fact is our routing and checking #s are all over the place. (the routing # is generic to each bank anyway). I suggest we don't give out bank PINs, passwords, and usernames. :lol:

But to be safe as possible, as indicated above, I only give any info for a conduit account. Money in is money moved in minutes. If someone wants to rape that account, they are more than welcome to the $70 I keep there. :wink:

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PostPosted: Tue Jun 21, 2011 12:32 pm 
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mrbill wrote:
MacApple wrote:
Does anyone know what courtesy is these days when inquiring/buying a watch? I just recently sold my Soh46 ,and am amazed at the level of courtesy buyers have. I had 2 people ( at different times )tell me they wanted the watch ,and were gonna pay through wire transfer, sent the routing and acct number to them, only for them to disappear . I emailed the interested parties ,and neither one responded to any of the emails.. Am I asking to much for a grown up to say I had a change of heart I'm not interested anymore?



I would be more concerned about two people who I know nothing about having my bank routing and account numbers.



You certainly have a point, but nothing I can do now. I would like to think most people are Generally good ,and have no malicious intent.

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PostPosted: Tue Jun 21, 2011 4:26 pm 
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Getting further OT, but this seems as good a place as any to ask: has anyone here used one of those US-based shipping services that provide a CONUS shipping address and will forward things worldwide (e.g. hopshopgo.com)? Any thoughts on them? A watch I've been looking for has come up, but the seller wants a CONUS sale only.


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PostPosted: Tue Jun 21, 2011 4:45 pm 
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john123 wrote:
mfserge wrote:
Courtesy?? HaHa, I love when I list something for sale and specify NO TRADES and I still get trade offers. Recently I was offered a trade for my Abyss, the buyer wanted to trade me his hand gun. WHAT?!?! Then some idiot on here, who just signed up for a screen name, asked me if he could buy my CSO, pay half now and half when he receives the watch. YEA OK, like I'd ever see the rest of the cash.



I still don't understand why you would not take the trade for the hand gun...I mean come on...with a username like "mafia serge"...it seems pretty obvious.


An old Italian Mafia Don is dying and he called his grandson to his bed Grandson I wanta you to listen to me. I wanta you to take mya 45 automatic pistol, so you will always remember me. But grandpa I really don't like guns, how about you leaving me your Rolex watch instead.

You lisina to me, some day you goin a be runna da bussiness, you goina have a beautiful wife, lotsa money, a biga home and maybe a couple od bambino, some day you goina come hom and maybe finda you wife in be with another man. Whata you gonna do then? Pointa to you watch and say, "TIMES UP"?

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PostPosted: Wed Jun 22, 2011 7:15 am 
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I still don't understand why you would not take the trade for the hand gun...I mean come on...with a username like "mafia serge"...it seems pretty obvious.[/quote]

An old Italian Mafia Don is dying and he called his grandson to his bed Grandson I wanta you to listen to me. I wanta you to take mya 45 automatic pistol, so you will always remember me. But grandpa I really don't like guns, how about you leaving me your Rolex watch instead.

You lisina to me, some day you goin a be runna da bussiness, you goina have a beautiful wife, lotsa money, a biga home and maybe a couple od bambino, some day you goina come hom and maybe finda you wife in be with another man. Whata you gonna do then? Pointa to you watch and say, "TIMES UP"?[/quote]

:uplaugh:

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PostPosted: Wed Jun 22, 2011 7:32 am 
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timezone wrote:
An old Italian Mafia Don is dying and he called his grandson to his bed Grandson I wanta you to listen to me. I wanta you to take mya 45 automatic pistol, so you will always remember me. But grandpa I really don't like guns, how about you leaving me your Rolex watch instead.

You lisina to me, some day you goin a be runna da bussiness, you goina have a beautiful wife, lotsa money, a biga home and maybe a couple od bambino, some day you goina come hom and maybe finda you wife in be with another man. Whata you gonna do then? Pointa to you watch and say, "TIMES UP"?


:uplaugh:

That's excellent :lingsrock:

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PostPosted: Wed Jun 22, 2011 9:37 am 
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If you think about it, "time's up" would be a pretty badass thing to say while pointing a gun at someone, too, although clearly not as funny. :wink:


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