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Question about transactions with out of town buyers
Arm123:
hmm... interesting.
Iv also done some wire transfers in the past. Is there anything that should be watched out for ?
The only thing i have heard about wire scams is people looking to lauder dirty money. Basically paying for you item in excess of a few thousand dollars and claiming it was a mistake. Then you being directed to wire the surplus to another account.
I 'think', once the funds leave the foreign account, its as good as cash in your hands (or in your account). But it still makes me nervous. I may setup a separate account specifically for wire transfers, with a balance of zero. So I don’t have to worry about locking up my main account at the branch incase of fraud investigations.
Also, another option that iv been presented with is to have the money wired to me via western union and get the cash 'in hand' for a small fee ?
What does all this sound like to you guys ?
stealth1290:
Fake western union and check are what you need to watch out for. You get a check or MO in the mail cash it the money shows up in your account but a few days later it doesn't clear. Watch out for anybody who is sending a check or MO that is in a hurry... this is a dead give away that there checks won't clear. Just play it as safe as possible.
Spaz Monkey:
Also be careful about US Postal Money orders. I've heard of them getting stolen, then cashed, then USPS wanting their $$$ back.
leapinlew:
These are true. Avoid the USPS, Western Union, and anything where they want to pay a little more. If you want to see this scam in action - post something on craigslist that has a decent value. Like an ipod. List it for $500 and watch as you get interested people who want to send you more for it - if you'll ship it out of country.
Is this the "interest" your getting with your ebay auction? If so, consider it a scam.
Arm123:
No.. I have sold some items with out issue.
However, i got those 'Interested" parties from kijiji and craigslist.
They asked for my account #, name on account, routing #, and bank address.
I asked for some more info and the stopped responding. Happened numerous times.
They are always in a hurry... so i can smell it a mile away.