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Oh How I Hate Ebay Scams

By Erik Folgate

I’ve been selling on Ebay for a while now, and I am pretty kean to sniffing out ebay scams.  I know about Nigeria, fake cashier’s checks, and all of that.  So anyway, we accepted a personal check from a buyer.  This is where my ignorance comes into play.  I thought that once a check posts into your account, it is YOUR money.  I’m not talking about pending, but POSTED transaction into the account.  However, this is not the case.  The check still has to be verified by another bank before it is TRULY your money.  Many of us think that a cleared check is a good check.  Apparently, that is not the case.  You are probably either saying to yourself, “Yeah, you need to learn about how checks are cashed” and some of you are saying “Really, is that true?”.  Yes, it’s true. 

Needless to say, I saw that the check “cleared” into my account, and I sent out the item.  Then, three days later the bank took the money back out of my account because of the check bouncing.  Wouldn’t you think that the bank would not give you the money until they KNEW that the funds were in the other account?  I don’t understand the reasoning for that, but I guess I had to learn the hard way.  I made a request to recall the package, but there is a slim chance that I will ever see that package again. 

A word to all of you out there:  Either do not accept personal checks, cashier’s checks, and money orders for Ebay items, or wait about a week or two before you ship the item to be sure that the check does not bounce. 

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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  • http://bostongalsopenwallet.blogspot.com Jane Dough

    You bank should return the bounced check to you. In my state you can resubmit that bounced check two more times – hoping to get it to clear. If the buyer just made a mistake and overdrew the account you may still be able to get your money if you wait a bit. However, if the whole deal was bogus to begin with then you may be out of luck.

    The other thing to do is to immediately report the bounced check to Ebay. Hopefully you did not leave feedback yet for the buyer. You can pursue your claim with Ebay and hopefully you can get some cash back…

    Sorry you ran into difficulty – hope it works out ok in the end!

  • http://moneyshakerblog.com empty spaces

    yeah i get rent checks that bounce. it usually takes 15 days for the checks to come back in the mail as “returned due to insufficient funds”.

  • Wgsmiami

    Here is how EBAY Buyers abroad get FREE STUFF

    International Shipping Scam tolerated by EBAY BUYER PROTECTION

    Here is how the Scam works

    Seller place item on EBAY
    International Buyer wins item and pays for item plus S&H
    You print international postage and custom forms from EBAY and get a tracking number starting with two letters and followed by numbers
    You Ship item thru USPS

    LOOK AND BEWARE

    USPS accepts item
    Item makes it all the way to Jamaica NY, 11430 USPS Origin Sort Facility
    NOW USPS Tracking number stops here
    Tracking numbers that starts with letters do not require scanning or tracking by destination Country Postal Service
    Item is now en route to destination

    HERE IS THE SCAM

    Buyer waits a couple of weeks
    Buyer place a claim to EBAY RESOLUTION CENTER stating he did not receive item
    even if they did receive the item in question
    EBAY Resolution Center contact Seller to provide USPS Tracking Number
    Tracking Number shows final destination as Jamaica, NJ USPS Origin Sort Facility
    EBAY Resolution Center will never receive a tracking confirmation from destination and will never receive proof of delivery even if item has arrived to destination.
    Case is closed in FAVOR of Buyer because tracking number can not be accounted for after Jamaica, NJ , USPS Origin Sort Facility
    Buyer gets back FULL amount they paid plus S&H

    Buyer Gets Items for FREE and All Money Back

    Seller is out of Item and Money

    EBAY Resolution Center answer to this is that Seller should have had the item insured and registered
    EBAY Resolution Center do not control any part of the shipping process that is “ conveniently” located on it’s website.
    Tracking number is absolutely USELESS
    EBAY BUYER PROTECTION will close claim on BUYERS FAVOR knowing this SCAM is HAPPENING
    USPS do not have any mechanism in place for you to file a CLAIM for stuff sold internationally

    Seller is SCREWED

    Creatureunlimited Lost $39.45

    DO NOT BE THE NEXT VICTEM

    • http://www.facebook.com/kristi.cunningham.98 Kristi Cunningham

      The exact same thing happened to me. I was a new eBay seller and thought that using their shipping labels protected me. Ha! I am now out over $600 and someone in the Ukraine has a FREE iPhone! I have now banned international buyers from bidding on my auctions!

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