Is EMT 100% safe for sellers?

[qaz393]

Dont know which section this belong but, im just wondering if EMT is 100% safe for seller once the funds are in the account????

Can the funds be refunded??

[gman]

Dont know which section this belong but, im just wondering if EMT is 100% safe for seller once the funds are in the account????

Can the funds be refunded??

I think so. For example, if account A was hacked and then EMT money to you, I think the bank can reverse the transaction.

[stuntman]

Nope. As said above the money can be pulled.
Talk to your bank for assurances. Don't trust RFD opinion.

[qaz393]

so only cash is still the safest for BST (as long as its not a counterfeit)

[Jimboski]

so only cash is still the safest for BST (as long as its not a counterfeit)

For deals you should probably be more lenient with payment methods depending on how many feedback they have!

If they have 0 then prefer to do local cash deal.

EDIT : Like for my first BST deal ever the person I was buying from had 20+ feedback so I actually money ordered him $100 and shipped to his address, LOL.

[stuntman]

so only cash is still the safest for BST (as long as its not a counterfeit)

EMT is safe too....as long as it is not fraudulent?

How much are we talking about and where are you selling it?

talk to your bank

[mcplar]

First you say it is NOT safe:


Nope. As said above the money can be pulled.
Talk to your bank for assurances. Don't trust RFD opinion.

Then you say it IS safe:


EMT is safe too....as long as it is not fraudulent?

How much are we talking about and where are you selling it?

talk to your bank


Ah... more RFD BS...

Take a look here - http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

"An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

[qaz393]

First you say it is NOT safe:



Then you say it IS safe:




Ah... more RFD BS...

Take a look here - http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

"An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

thats what i thought. people need to stop these bs about parking lot collisions = 50/50

[stuntman]

First you say it is NOT safe:


Then you say it IS safe:

Ah... more RFD BS...

Take a look here - http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

"An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

That is right...that is what I said. It may seem to you like the statements contradict each other but they don't.

First the OP asked if it is 100% safe and I said "nope" <--100% true

Then the OP said cash is 100% safe except when it is counterfeit. <--100% true
Then I replied EMT is 100% as long as it is not fraudulent. <---100% true

So it is all true and accurate.
I also said the the OP should contact their bank because RFD is not the place to ask for such advice. <--100% true.

then some bone head puts up a link to Interac e-Transfer assuming that that is what the OP is referring to <--therefor proving that RFD is not such a place to ask a question because some dumb a here would make assumptions and give bad advice that the OP might not know to be bad advice.

thanks for proving me right.

[stuntman]

thats what i thought. people need to stop these bs about parking lot collisions = 50/50

LOL....I hate to see your posts when you are not thinking. Do what you want, I can't stop you from making decisions based on your ..........

BTW: no one knows what you are going on about parking lot collisions = 50/50.......you are talking to yourself.

[mcplar]

OK... So lets just re-hash this


Dont know which section this belong but, im just wondering if EMT is 100% safe for seller once the funds are in the account????

Can the funds be refunded??


Nope. As said above the money can be pulled.
Talk to your bank for assurances. Don't trust RFD opinion.


EMT is safe too....as long as it is not fraudulent?

How much are we talking about and where are you selling it?

talk to your bank


That is right...that is what I said. It may seem to you like the statements contradict each other but they don't.

First the OP asked if it is 100% safe and I said "nope" <--100% true

Then the OP said cash is 100% safe except when it is counterfeit. <--100% true
Then I replied EMT is 100% as long as it is not fraudulent. <---100% true

So it is all true and accurate.
I also said the the OP should contact their bank because RFD is not the place to ask for such advice. <--100% true.

then some bone head puts up a link to Interac e-Transfer assuming that that is what the OP is referring to <--therefor proving that RFD is not such a place to ask a question because some dumb a here would make assumptions and give bad advice that the OP might not know to be bad advice.

thanks for proving me right.

And you're calling me a bone head for putting up a link to the ACTUAL website... why talk to your bank, it's a service the bank uses.
He asked if "can the funds be refunded?" and I quoted from the website "An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

Simple question... I guess too simple for you.

[stuntman]

OK... So lets just re-hash this

And you're calling me a bone head for putting up a link to the ACTUAL website... why talk to your bank, it's a service the bank uses.
He asked if "can the funds be refunded?" and I quoted from the website "An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

Simple question... I guess too simple for you.

EMT Electronic Money Transfer is a type of service. There are many companies and services that offer EMT services.

You posted a link to A service. Not necessarily THE service the OP or their bank would be using for this transaction.
So yes you are a bone head for assuming and therefore giving bad info.

You could prove me wrong by stating how you would know that that was the service that they would be using....but you can't based on posted information. Banks use various EMT services.

PS....if you are recommending that as an EMT service.......then you can say so and you are less of a bone head this time :)

[stuntman]

you were also a bone head for not understanding how
"EMT is not 100%" AND "EMT is safe as long as it is not fraudulent"
can logically and easily co-exist.

but it is the Internet you can be a wrong as many times as you like with little consequence.
:) we all make mistakes :)

[mcplar]

Dont know which section this belong but, im just wondering if EMT is 100% safe for seller once the funds are in the account????

Can the funds be refunded??


Nope. As said above the money can be pulled.
Talk to your bank for assurances. Don't trust RFD opinion.


EMT is safe too....as long as it is not fraudulent?

How much are we talking about and where are you selling it?

talk to your bank


That is right...that is what I said. It may seem to you like the statements contradict each other but they don't.

First the OP asked if it is 100% safe and I said "nope" <--100% true

Then the OP said cash is 100% safe except when it is counterfeit. <--100% true
Then I replied EMT is 100% as long as it is not fraudulent. <---100% true

So it is all true and accurate.
I also said the the OP should contact their bank because RFD is not the place to ask for such advice. <--100% true.

then some bone head puts up a link to Interac e-Transfer assuming that that is what the OP is referring to <--therefor proving that RFD is not such a place to ask a question because some dumb a here would make assumptions and give bad advice that the OP might not know to be bad advice.

thanks for proving me right.

What other types are there??? I know of Interac and Hyperwallet BOTH are confirmed - once the recipient accepts the funds and deposits the funds... the sender CAN NOT pull the funds out of your account.

[stuntman]

What other types are there??? I know of Interac and Hyperwallet BOTH are confirmed - once the recipient accepts the funds and deposits the funds... the sender CAN NOT pull the funds out of your account.

lol.....why do you have to quote almost the whole darn thread every time you post?


Well the Bank does electronic money transfers daily.....internal transfers and transfers directly with other banks on a daily basis. I don't know what they are called.....I don't think it is a service branded and advertised to the public.....I just give my bank account numbers and there goes the money....it is just something they do. So there are more than Interac and Hyperwallet.

I know what I don't know and it is not too hard to guess what you don't know. Do you know who knows about EMTs? THE BANK!!! Why not let the pros deal with it? It costs nothing.

[mcplar]

That's where the disconnect is .... I think of EMT as Email Money Transfer (this is why I keep referencing email money transfer services) and you think of it as Electronic Money Transfer

Simple miscommunication, that's all.. Feel better about yourself now you call people names?

Oh and sorry for quoting the entire thread, didn't know there was rules about that as well.. Let me know when/where to line up for the lashes. :cry: :cry: :o :o

[stuntman]

That's where the disconnect is .... I think of EMT as Email Money Transfer (this is why I keep referencing email money transfer services) and you think of it as Electronic Money Transfer

Simple miscommunication, that's all.. Feel better about yourself now you call people names?


Even though you referred to my original response to the OP as RFD BS, that crying made me feel a little sad.

[quickinferno]

imo, emt is safe. how can it possible to fraudulent? there's a password that the sender has to create and then send to the receiver... the only possible fraudulent situation is if receiver hacks the sender to send himself money. but that's pretty easy to rule out.

[UrbanPoet]

That is right...that is what I said. It may seem to you like the statements contradict each other but they don't.

First the OP asked if it is 100% safe and I said "nope" <--100% true

Then the OP said cash is 100% safe except when it is counterfeit. <--100% true
Then I replied EMT is 100% as long as it is not fraudulent. <---100% true
So it is all true and accurate.
I also said the the OP should contact their bank because RFD is not the place to ask for such advice. <--100% true.

then some bone head puts up a link to Interac e-Transfer assuming that that is what the OP is referring to <--therefor proving that RFD is not such a place to ask a question because some dumb a here would make assumptions and give bad advice that the OP might not know to be bad advice.

thanks for proving me right.


MAybe you just worded it funny, or i'm reading it funny... But isn't anything that "ISNT FRAUD" 100% safe. If the applie is an apple it is 100% true.

[djemzine]

I know this is kind of off topic as its a buyer's perspective.

I've done altogether 3 or 4 EMT transactions of which 3 were via RFD and 1 via Kijiji. The Kijiji one was the worst, in the sense that I was buying an item that was $550 and coming from Nova Scotia. With all the emails back and forth, it seemed to be working out positively. However after I sent the money via EMT, I heard back no communication and my money had gone to "waste". I did not hear back from the seller or receive the item. Luckily, I have few contacts with a bunch of TD and received my money back.

The 3 RFD EMTs, where I sent the money via EMT and received the item and had an ongoing communication, it went smooth.

So basically, there is a risk factor in this either being a buyer or a seller.

[stuntman]

MAybe you just worded it funny, or i'm reading it funny... But isn't anything that "ISNT FRAUD" 100% safe. If the applie is an apple it is 100% true.

You are right.
I worded it that way in response to an OP post:


so only cash is still the safest for BST (as long as its not a counterfeit)

[catwalk]

imo, emt is safe. how can it possible to fraudulent? there's a password that the sender has to create and then send to the receiver... the only possible fraudulent situation is if receiver hacks the sender to send himself money. but that's pretty easy to rule out.
I don't trust EMT's unless I have ALL the seller information & have communicated with them or have a way to track them down.

EMT's are safe for the seller only, the buyer can not get their money back no matter what if the seller is a scammer. Using EMT to buy something is not safe, selling is safe.

[gman]

imo, emt is safe. how can it possible to fraudulent? there's a password that the sender has to create and then send to the receiver... the only possible fraudulent situation is if receiver hacks the sender to send himself money. but that's pretty easy to rule out.

The middle man hacked a victim's bank account and send the EMT to the seller. Seller thinks it is safe and send an item to <somewhere> or email a licence code or allowing someone to download something or .... One week later, the victim found that out. The money is traced back to the seller. The bank (may) reverse the transaction after a lengthy investigation. The seller provided the product and does not get his money. In the meanwhile, he could be suspected to be that hacker sending himself money. If the hacker knows how to hide his track, you cannot find him.

Safe enough? Probably. 100% safe? No.

[stuntman]

I don't trust EMT's unless I have ALL the seller information & have communicated with them or have a way to track them down.

EMT's are safe for the seller only, the buyer can not get their money back no matter what if the seller is a scammer. Using EMT to buy something is not safe, selling is safe.

You are thinking email transfer......some EMTs can pull the money back.

see above

[qaz393]

guys i was talking about interact email money transfer.......

[stuntman]

guys i was talking about interact email money transfer.......

Ah...so you are the trouble-maker :) .....EMT != Email transfer