Oz Round Table

The Oz Round Table boards => PayPal => Topic started by: *barny* on January 06, 2010, 09:37:32 AM

Title: Paypal scam warning
Post by: *barny* on January 06, 2010, 09:37:32 AM
If you log in to my105.com (a racing car sales site) you will see a warning for a Paypal scam...

Worth a read....

Hhhmmm. my105.com is offline at the moment (just checked)

 :wine:
Title: Re: Paypal scam warning
Post by: *barny* on January 06, 2010, 05:07:51 PM
my105.com is still down...

But the scam is... ( and bear in mind some of these racing cars are well over $100,000)

Scammer buys car and pays with paypal...

Immediately notifies seller that he has overpaid the freight (can be thousands) and please credit the amount to buyer bank account....

Because the purchase is bogus the paypal deal never goes through, and if the seller "refunds" freight "overpayment", he loses....

Scammer here is relying on Paypal to be slow in their processing of the transaction (which apparently, they are)

 :wine:

Title: Re: Paypal scam warning
Post by: *CountessA* on January 06, 2010, 06:02:02 PM
That's a nasty little game, Barny.

Ugh.
Title: Re: Paypal scam warning
Post by: *smee* on January 06, 2010, 06:06:35 PM

Scammer here is relying on Paypal to be slow in their processing of the transaction (which apparently, they are)


Sorry , Im a bit slow ..why would someone refund part payment that wasnt cleared ?
Title: Re: Paypal scam warning
Post by: *barny* on January 08, 2010, 12:39:35 PM
I dunno Smee... You ,me and other careful peeps would not...

Anyway, my105.com is back up if you want to have a read of how it works...

 :wine:
Title: Re: Paypal scam warning
Post by: surf-inside on May 15, 2010, 02:07:17 AM
My thoughts exactly, until a payment clears you don't do anything. 

I made a mistake once (yes, once) buyer bought an expensive Ipod from me, then emails me and says he made a mistake and thought he was buying an Iphone.  Overworked and underpaid, I mistakenly issued a refund before getting the Ipod back.  Buyer emails me thanking me for the free Ipod.

Paypal said they could not reverse the transaction (BS!)

So I ran to my bank and put a stop payment on the refund.  Very effective.

Buyer then files a Unauthorized Transaction dispute against me.  But by this time, the Ipod had already arrived and since I sent it Signature Required, Paypal immediately found in my favour.

Buyer then Files a SNAD against me.  But of course, I record serial numbers and have photographic evidence.  Once again Paypal found in my favor.

The buyer, now miffed at losing twice, returns the item to me with tracking, but mails it to the wrong address.  Buyer is furious that he has not only been unable to scam me, but now accepts the fact that he won't get the Ipod or his money. 

The new owner marked the item return to sender.  Buyer receives the Ipod, in disbelief, and then sends it back to me at the correct address.

I tell the buyer, 30 days have passed. but I will refund you. So I did. at $10 USD per month for one year. as punishment. and retribution. for his scandalous attempts to defraud me several times.

BOOYA!!!!
Title: Re: Paypal scam warning
Post by: da_ewok on May 15, 2010, 02:10:10 AM


I tell the buyer, 30 days have passed. but I will refund you. So I did. at $10 USD per month for one year. as punishment. and retribution. for his scandalous attempts to defraud me several times.

BOOYA!!!!


Love your style LOL
Title: Re: Paypal scam warning
Post by: *Ubbie Max* on May 15, 2010, 02:11:47 AM
Good stuff Surf I love an incident with a fair & just ending. I'm Ubbie Max & I love Pepsi Max.

Title: Re: Paypal scam warning
Post by: *Brum6y* on May 15, 2010, 03:08:37 AM

I tell the buyer, 30 days have passed. but I will refund you. So I did. at $10 USD per month for one year. as punishment. and retribution. for his scandalous attempts to defraud me several times.

BOOYA!!!!


I like this guy already.