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Risky transaction

T

TDY2KN01

Senior member
Hi guys,

Someone contacted me about the computer I'm selling. She wants the computer and offer me to pay me through money gram express. She also have an account with fedex red starcourier and will handling all the shipping arrangement. Do you think it's risky to sell it this way?

Thanks,
 
CrackRabbit,

I will get the money gram first, I will clear it with my bank, and then she can do the shipping arrangement. I don't care if I will be sending to whatever as long she is willing to pay for the shipping.
 
Originally posted by: TDY2KN01
CrackRabbit,

I will get the money gram first, I will clear it with my bank, and then she can do the shipping arrangement. I don't care if I will be sending to whatever as long she is willing to pay for the shipping.
Click to expand...

It can take several weeks for a fake money order to show up as such.
I can almost bet they want your computer shipped to nigeria or europe.
When they MO turns out to be fake, you get screwed by your bank and you no longer have your computer.
DO NOT DO IT.
Don't make me break out the internet sledgehammer again...
 
CrackRabbit,

It say here on the money gram website that, "Once the money has been paid out to the person you name as the receiver, cancellation or refund is no longer possible." I thought that's pretty good guarantee and it's more risky for the buyer than the seller. Most of the advices given on moneygram website is more for buyer protection - they are more at risk.
 
Originally posted by: TDY2KN01
CrackRabbit,

It say here on the money gram website that, "Once the money has been paid out to the person you name as the receiver, cancellation or refund is no longer possible." I thought that's pretty good guarantee and it's more risky for the buyer than the seller. Most of the advices given on moneygram website is more for buyer protection - they are more at risk.
Click to expand...

Negative, what that states is that if you bought a moneygram MO and then gave it to somone to be cashed once they have cashed it you can not cancel it or get a refund.
There is no protection from a fake money order.
 
Originally posted by: CrackRabbit
Originally posted by: TDY2KN01
CrackRabbit,

It say here on the money gram website that, "Once the money has been paid out to the person you name as the receiver, cancellation or refund is no longer possible." I thought that's pretty good guarantee and it's more risky for the buyer than the seller. Most of the advices given on moneygram website is more for buyer protection - they are more at risk.
Click to expand...

Negative, what that states is that if you bought a moneygram MO and then gave it to somone to be cashed once they have cashed it you can not cancel it or get a refund.
There is no buyer protection from a fake money order.
Click to expand...

exactly.. you're getting royally screw. for those... usps money order is safer.. they can check with the newer system if its real or fake
 
OK I will see if she want to make the payment through USPS money order.

Also, I thought paypal isnt safe. They can do charge back on your account if the buyer report something wrong with it - Not that I'm planning to do anything wrong.
 
Originally posted by: CrackRabbit
Originally posted by: TDY2KN01
CrackRabbit,

It say here on the money gram website that, "Once the money has been paid out to the person you name as the receiver, cancellation or refund is no longer possible." I thought that's pretty good guarantee and it's more risky for the buyer than the seller. Most of the advices given on moneygram website is more for buyer protection - they are more at risk.
Click to expand...

Negative, what that states is that if you bought a moneygram MO and then gave it to somone to be cashed once they have cashed it you can not cancel it or get a refund.
There is no protection from a fake money order.
Click to expand...

That's not the way I read it. To me it says if you transfer money through Moneygram (electronic transfer, not a MO), and the receiver picks up the cash, the sender cannot recover the funds. So if the OP collects US cash from a Moneygram agent (eliminating any risk of a fake MO), then he's in the clear.
 
Originally posted by: kranky
Originally posted by: CrackRabbit
Originally posted by: TDY2KN01
CrackRabbit,

It say here on the money gram website that, "Once the money has been paid out to the person you name as the receiver, cancellation or refund is no longer possible." I thought that's pretty good guarantee and it's more risky for the buyer than the seller. Most of the advices given on moneygram website is more for buyer protection - they are more at risk.
Click to expand...

Negative, what that states is that if you bought a moneygram MO and then gave it to somone to be cashed once they have cashed it you can not cancel it or get a refund.
There is no protection from a fake money order.
Click to expand...

That's not the way I read it. To me it says if you transfer money through Moneygram (electronic transfer, not a MO), and the receiver picks up the cash, the sender cannot recover the funds. So if the OP collects US cash from a Moneygram agent (eliminating any risk of a fake MO), then he's in the clear.
Click to expand...

Now that would be true, but that isn't how the scammers operate.
They rely on people depositing a fake paper money order into their bank account and then sending the goods BEFORE it is discovered to be fake.
 
Originally posted by: TDY2KN01
OK I will see if she want to make the payment through USPS money order.

Also, I thought paypal isnt safe. They can do charge back on your account if the buyer report something wrong with it - Not that I'm planning to do anything wrong.
Click to expand...


PayPal is safe, just make sure to use a trackable method of shipping. You need to be able to prove the item arrived to the intended destination.
 
Originally posted by: Golgatha
Originally posted by: TDY2KN01
OK I will see if she want to make the payment through USPS money order.

Also, I thought paypal isnt safe. They can do charge back on your account if the buyer report something wrong with it - Not that I'm planning to do anything wrong.
Click to expand...


PayPal is safe, just make sure to use a trackable method of shipping. You need to be able to prove the item arrived to the intended destination.
Click to expand...

Uh, no. The address needs to be a paypal verified address. Then it is only "safe" up to the maximum amount that paypal agrees to cover.
 
Originally posted by: Fullmetal Chocobo
Instead of trying to validate the corrupt process, just accept it that it isn't a good idea...
Click to expand...


I dont understand how million of tranasactions on the net happens when people think this way. Yes, I know this might be a scam, but it's more likely to be the risk of the buyer. I won't send my stuff till it's cleared with my bank. You also forget that I can suggest other form of payment that is safer for me such as USPS money order.

I have yet to have her address so it might not be from Europe or Nigeria. Since I post my sale on a local listing, I will send it only to local area address. If more thing developed such as her insiting that I send my item right away once I get moneygram, or send it to Europe or Nigeria address, or she can't do any other payment, it will finally give me reason for it being fake.
 
Originally posted by: TDY2KN01
Originally posted by: Fullmetal Chocobo
Instead of trying to validate the corrupt process, just accept it that it isn't a good idea...
Click to expand...


I dont understand how million of tranasactions on the net happens when people think this way. Yes, I know this might be a scam, but it's more likely to be the risk of the buyer. I won't send my stuff till it's cleared with my bank. You also forget that I can suggest other form of payment that is safer for me such as USPS money order.

I have yet to have her address so it might not be from Europe or Nigeria. Since I post my sale on a local listing, I will send it only to local area address. If more thing developed such as her insiting that I send my item right away once I get moneygram, or send it to Europe or Nigeria address, or she can't do any other payment, it will finally give me reason for it being fake.
Click to expand...

The flags are already there for it to be a scam. You just are not wanting to see them.
And I am assuming you are posting this on craigslist.
NEVER sell anything to ANYONE on craigslist that isn't willing to come pick it up or meet you at a neutral (public) location and pay in cash. To do otherwise is just asking to be ripped off.
 
Originally posted by: TDY2KN01
I won't send my stuff till it's cleared with my bank.
Click to expand...
Just remember that if you get cash or money goes into your bank account that it DOESN'T mean it has cleared with your bank. It takes months to clear if it may be fraudulent transaction. Then months later, the bank takes the money out of your account.

Will you actually hold onto that computer for months until it actually clears? Many long months of this person demanding the computer now? Whatever you do, don't involve your bank if you think it is potentially fraudulent.
 
Thanks crackrabbit,

Yes, you are right. It's on craighslist. I will tell her to do a pickup and have her pay me in cash. Thank you for all your help.
 
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