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Author Topic: ICOM 745 S/N 03503 Stolen Through EBay Bum Deal  (Read 11743 times)

KG5I

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #15 on: June 10, 2005, 08:14:47 PM »

It does not matter how you setup your PayPal acct.  They can and will debit that acct if someone declares fraud.  Even if it's a debit card acct with 0 dollars, they will deduct the amount and you are then overdrawn by that amount.  Your bank must honer their request.  Why? Because when you setup your Paypal acct, you agreed to it. . . .

A Paypal user cannot win in this situation.  Just read their fine print.  As soon as you agree to use Paypal, they can legally deduct funds from your acct to cover bad ebay deals.. Even months later....Just be careful who you sell to.

I use Paypal and am happy with it. But we as users cannot win against them. The only thing we can do is close out our Paypal acct and send/receive money another way.  Just my .02.

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N8NOE

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #16 on: June 23, 2005, 12:25:48 PM »

PayPal Got me for $23.00 Also....
Thought they were the "Great eBay Protectors" now an eBay Company... Said, they cant get the money back as the seller didn't have it the account?.. Now they have My Creditcard & Checking info, Not his?.. I'll just quit using PayPal!..
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N4UE

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #17 on: September 11, 2005, 05:38:03 PM »

Hi, I agree with all the above statements. I have sold hundreds of items on EPay (er EBay), but NONE, using PAYPAL. I accept ONLY Cashier's Checks. However, my ex-wife worked at the largest banks here in Lake City, Fl, and she told me of MANY horror stories of fake Cashier's Checks.

I was selling one on my hot rods a year or so ago, and was deluged with the typical scams....

"I have someone in Lake City that owes me $60K, so I'll write you a check for the difference, when I pick up the car".... HA HA Right!

I told all responders (this is a $55K auto) that this car will NOT leave my garage until your check CLEARS MY bank. End of discusion, natch.....

ron

N4UE

PS: watch yourself dealing with "Radiomart" (or whatever he's calling himself today).... Been to his 'house/shack'. VERRRRY shady.......
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If you're not the lead sled dog, the view never changes......

N9XCR

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #18 on: September 25, 2005, 08:40:36 AM »

PayPal is definitely scammer oriented. I've only had one problem where I purchased something on eBay and paid via PayPal, and yet the item never shipped. The seller sent me some lame exuses, and eventually I got pissed. I filed a complaint and their account got frozen. They couldn't do anything on eBay or PayPal until they either shipped my item or refunded me. I ended up getting a refund. :)

My brother, on the other hand, sold a gaming account on eBay for a couple hundred dollars or so. The guy paid, and my brother send the guy the login information via Instant Message!!! He had no proof of delivery. The guy figured this out, claimed non-delivery, and PayPal gave him his money back without investigation. PayPal sat there and washed their hands of the situation, even though the gaming company was willing to cooperate with the investigation, the gaming company was able to prove the guy was using the account, and the police in the guy's area had been called and were willing to investigate.

Bottom line: PayPal sucks.
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KC1BUD

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #19 on: February 22, 2006, 10:06:37 AM »

I'll Take postal money orders. Then I take it to the P.O. If they don't clear then I don't send the item. If the money order is stolen then it won't clear. Pure and simple.
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N4AOF

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #20 on: April 25, 2006, 08:03:08 AM »

> Err, a Cashiers Check is a check
> drawn on the bank. You give the
> bank the money and a fee and they
> give you a check for the amount.
> If your bank is not solvent enough
> to be guaranteed to clear a check
> of their own, I would NOT deal
> with them!

Well, well, well...  Where to start?

Let's take the second part first.  Your bank's solvency has nothing to do with it. The questions are with the issuing bank, their policies, whether or not the issuing bank actually issued the Cahsiers Check, and whether or not the issuing bank even exists.

As for what a Cashiers Check is: the bottom line is that it is just a piece of paper.  That piece of paper conveys a promise to pay the specified amount of money, but that promise is subject to a LOT of "well, maybe not" conditions.
 
In some cases your bank may honor a cashiers check drawn on another bank without waiting for it to actually clear; but if you read your contract with your bank, they ALWAYS have the right to take the money back if the check doesn't clear.
 
Meanwhile under banking regulations there are quite a few ways that a cashiers check can fail to clear.  The most obvioius is when the cashiers check is actually a forgery - which happens more than you might think.
 
Other situations where a bank can bounce its own cashiers check are more complicated (and rare) but they do exist.
 
Bottom line: A cashiers check is much safer than a personal check, but it is still only a piece of paper until after it has cleared the issuing bank.
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N4AOF

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ICOM 745 S/N 03503 Stolen Through EBay Bum Deal
« Reply #21 on: April 25, 2006, 08:07:21 AM »

> I know this is an old post, but I had a
> similar situation on a much smaller item.
> My solution was to get the Paypal Debit
> Card. Once the money is credited, I go
> to an ATM and withdraw it. Sure it
> cost's me and additional 1.50 on top
> of the Paypal fees, but If I have cash
> in hand, the crooks have no recourse.
> Once I have all the cash, then I ship

Better read your contract with PayPal.  

PayPal can still take back the money.  They can take it out of your PayPal account balance (if you have any), or out of any credit card or bank account that you have registered with them (why do you think they push people to "confirm" their address with a bank account).  
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