what is the best and safest way to receive money as a seller
and is paypal safe ?
Jan 12th, 2008 11:37 pm
Jan 12th, 2008 11:39 pm
Jan 13th, 2008 12:00 am
Jan 13th, 2008 8:55 am
Jan 13th, 2008 3:28 pm
Cash is safest. The source of the EMT can be fradulent. I've had my bank account frozen 3 times because of it. I sell a lot though.M@rk wrote: ↑Jan 13th, 2008 8:55 amPayPal is relatively safe in the sense that if you have everything well documented (tracking number, delivery confirmation), it should be fine. But then again, scammers know what they're doing and you can still get scammed.
EMT or wire transfer is the safest option, because once the money goes into your account, it can't be reversed. The problem with this is that most buyers will not agree to use this because THEY can get scammed.
Jan 13th, 2008 7:57 pm
Like napoleon suggested, local meet-up is probably your best bet to receive money. If you don't feel safe meeting up with somebody then bring a friend a long "just incase". If meeting up isn't an option then paypal and EMT is the alterative even though both services has their own pros and cons. For some reason if the buyer doesn't want to send money via either one of those methods, then Canada Post MoneyOrder if an excellent way to receive money although it takes the longest. When the buyer ships out the money order make sure s/he got the tracking no. for it, incase it gets lost in transit..........
Jan 13th, 2008 9:27 pm
Jan 13th, 2008 9:59 pm
Agree, check the EMT source name with the username/email if you can. I have had my CIBC account frozen b/c a buyer on RFD stole someone's account and used that to send me EMT
Jan 13th, 2008 10:29 pm
I'm DYING to hear specifics of each 3 incidents please.
Jan 13th, 2008 10:40 pm
I can elaborate on my EMT fraud situation (my CIBC bank account still remained frozen, since 2005 b/c of this fraud. I've talked to CIBC, emailed Oburdsman, etc... they promised they would unfreeze it but never did, now I just don't bother anymore, only $30 in that account)bubble.tea wrote: ↑Jan 13th, 2008 10:29 pmI'm DYING to hear specifics of each 3 incidents please.
To answer the question., imho EMT is the safest for YOU. No chance of a chargeback., Claim., whatever. It's paid, it's instant (~40mins tops), and IRREVERSIBLE.
As long as you follow the initial security checks you're good to go.
I've read of schemes with EMTs...but I'm still having a hard time understanding how it can work?
Sending an EMT from a checking acct without sufficient funds. YOu accept the emt., then the sending bank realizes, and claims back the funds, but you've already shipped the item THUS you get scammed.??? has this actually happened to anybody??
Jan 13th, 2008 10:50 pm
Jan 13th, 2008 10:58 pm
?????????jerryhung wrote: ↑Jan 13th, 2008 10:40 pmI can elaborate on my EMT fraud situation (my CIBC bank account still remained frozen, since 2005 b/c of this fraud. I've talked to CIBC, emailed Oburdsman, etc... they promised they would unfreeze it but never did, now I just don't bother anymore, only $30 in that account)
In short, I think this is what happened
person A hacks into person B's account, sends EMT from B to A, then forward the email to person J (me), I accepted it thinking it was all good, irreversible, sent out the item (it was PayPal funds in my case)
Later, I got contacted by the bank saying person B reported her account being identify theft, etc.... and the $800 got reversed back in my account. PayPal ruled in my favour, but couldn't give me my money back
Honestly, it could be the bigger scan if A & B work together to scam ME
Anyway, EMT is unsafe as in - you can forward the EMT email to ANYONE, and as long as they know the password, they can deposit it, whether they are the expected recipient or not