Per Brian Cryer:
>One of the problems with PayPal is that payments can be reversed. So the
>scam might be that they purchase your car, and a month or so later try to
>reverse the payment. Just a guess. I suppose payment via cheque would be
>fine ... ?
>--
> Brian Cryer
>
http://www.cryer.co.uk/brian
I was wondering about PayPal - whether or not one can get their
money out of it and how quickly. My supposition is that even if
it's technically possible, there are means for the buyer to
interfere with that process (as in contesting a sale as
fraudulent)
Actually, there's a scam where it's not only payment via checque,
but via a *banker's* checque.
My understanding of one variant:
The mark has put his car up for sale for, let's say, $15,000.
Scammer#1 contacts the mark about buying the mark's car for the
asking price.
Unfortunately, Scammer#1 lives outside of the country. But the
car is one that is highly valued in his country and Scammer#1
wants to buy it ASAP.
As fate would have it, Scammer#1 has a (brother, uncle,
sister....Scammer#2...) living in the vicinity of the mark.
The deal is that Scammer#1 will mail a cashier's checque to the
mark. The checque will be for $20,000: the price of the car
plus five thousand for shipping.
The mark will deposit the checque in the mark's checking
(checquing?) account and, once the cashier's checque has
cleared, the mark will transfer the cash diff to Scammer#2 so
Scammer#2 can arrange for shipping.
I'm not clear on whether the car's title actually ever gets
transferred. My guess would be not bco the exposure in terms of
face time, signatures, handwriting, and so-forth....
Some days (weeks? months?) later, the mark's bank informs him
that the chequer has bounced and his account has been debited for
$20,000.
Oops!
"But, but, but.... the checque had *cleared* and it was a
*cashier's* chequer!"
"So sorry... 'Cleared' means only that it transited the clearing
house that the mark's bank uses. But once it got back to the
issuing bank in country xyz, it was sent back as (bogus, NSF,
forged, whatever...)."
My take-home: if the deal is with a stranger and it's not for
cash, it's probably a scam.
--
Pete Cresswell