The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > General Topics > Open Discussion Forum

Reply
 
Thread Tools Display Modes
Old 22 July 2017, 02:02 PM   #31
rr-nyc
Liar & Ratbag
 
Join Date: Nov 2009
Real Name: Renato
Location: NYC / Miami Beach
Watch: Rolex Daytona
Posts: 5,344
Quote:
Originally Posted by dmash View Post
This is commonly thrown around and is incorrect. If the buyer pays with friends and family and uses a credit card, he can STILL report to his credit card company for fraud, unauthorized transaction, gift sent by mistake, etc etc and they will 99% of the time reverse the transaction. What makes this actually even WORSE for a seller is that with friends and family they have ZERO paypal seller protection against these claims as it was a 'gift' to begin with and you're not losing anything if you didn't receive the payment anyways.

Just clearing this up as I know multiple people who have been burned this way. IT is NOT safe for sellers to accept friends and family if the purchaser uses their credit card. ONLY if they use their paypal balance.
You would be committing fraud yourself if you knowingly and voluntarily sent the money to a "friend or family member" when it was actually a transaction and then reported it as an unauthorized transaction, gift sent by mistake, etc etc as you say when none of those reasons are true.
rr-nyc is offline   Reply With Quote
Old 22 July 2017, 02:45 PM   #32
JP Chestnut
Banned
 
Join Date: May 2012
Location: Ann Arbor MI
Watch: Rolex Ref 16600
Posts: 3,908
Quote:
Originally Posted by mfer View Post
If you buy from one of the majors you need not worry about trust from them. Thanh, David, Tony, etc have exemplary customer service. If you wire them money you will get your watch. You'll have to pay your import taxes being in Australia.
He wants to PayPal, which suuuuuuucks for the seller. None of those guys are going to do an international paypal deal.
JP Chestnut is offline   Reply With Quote
Old 22 July 2017, 03:02 PM   #33
RolEdx
"TRF" Member
 
Join Date: Jul 2017
Location: Australia
Posts: 6
Wow, thanks for the warm welcome everyone.

Just to clarify - the reason why I prefer to use my credit card is because of the protection it offers (independent of PayPal) e.g. accidental loss, damage, theft, and extended warranty over the manufacturer's. I'd be happy to pay with CC directly without PayPal if the buyer has the ability to process that.

For the record, I do have a publicly visible eBay profile that shows that I've been a member since 2001 and have a 100% record.

I'll check out the sellers mentioned above. Have already been in touch with DavidSW previously but he had sold the watch I wanted.

Thanks again for all the replies.

Cheers.
RolEdx is offline   Reply With Quote
Old 22 July 2017, 03:10 PM   #34
RolEdx
"TRF" Member
 
Join Date: Jul 2017
Location: Australia
Posts: 6
@tamiya, I'm in Melbourne, but there's no stock and prices in Melbourne/Australia are terrible compared to the US in general.
RolEdx is offline   Reply With Quote
Old 22 July 2017, 03:52 PM   #35
tamiya
"TRF" Member
 
tamiya's Avatar
 
Join Date: Jul 2017
Real Name: Willy
Location: AU, SG, MY
Posts: 1,248
Quote:
Originally Posted by RolEdx View Post
@tamiya, I'm in Melbourne, but there's no stock and prices in Melbourne/Australia are terrible compared to the US in general.
Well... that depends where you look, what you're looking for & what circles you hang about in

If you're after something "high demand' then yeah, I doubt if it'll be any easier finding it on this giant island vs rest of the world. Yeah our local RRPs are crazy high and discounts aren't as common.

But if you know exactly what you want, there's some agents around that can keep an eye out for you.

Otoh... shipping anything decent in will pose GST implications. (So does buying from local dealers, whenever they've bought stock from a private seller). Whereas airfare to Asia or HongKong might only be $1k or hey you could jump on a Jetstar to USA for $1500? If you haven't got rellos who regularly travel for biz or VFR that is.
tamiya is offline   Reply With Quote
Old 22 July 2017, 04:01 PM   #36
RolEdx
"TRF" Member
 
Join Date: Jul 2017
Location: Australia
Posts: 6
Quote:
Originally Posted by tamiya View Post
Well... that depends where you look, what you're looking for & what circles you hang about in
Sounds like I need to get into your circles...
RolEdx is offline   Reply With Quote
Old 22 July 2017, 04:20 PM   #37
cajunron
2024 ROLEX DATEJUST41 X2 Pledge Member
 
cajunron's Avatar
 
Join Date: Nov 2009
Real Name: Ronnie
Location: Southeastern USA
Watch: Omega Seamaster PO
Posts: 3,853
Quote:
Originally Posted by keschete View Post
Be patient grasshopper! I've been here ten years and bought my first watch from the forum last year
X2. Good things come to those who wait. Sometimes in life you have to pay your dues.
__________________
cajunron is offline   Reply With Quote
Old 22 July 2017, 06:23 PM   #38
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
Quote:
Originally Posted by rr-nyc View Post
You would be committing fraud yourself if you knowingly and voluntarily sent the money to a "friend or family member" when it was actually a transaction and then reported it as an unauthorized transaction, gift sent by mistake, etc etc as you say when none of those reasons are true.
You're completely misunderstanding. I'm stating this because it can potentially happen to a seller. You think a scammer has a moral compass who cares about this? Get real. These are the same people who will get their money back from PayPal by claiming an empty box, etc. when you buy and sell enough through PayPal you see this stuff. It's ridiculous. And PayPal will ALWAYS side with the buyer. *I'm not using this as an example of something I would personally do, I'm saying there are plenty of people who do it.

I've looked into this thoroughly because I got burned a few times and wanted to 100% try to avoid this at all costs. There are literal FORUMS online created to give advice to one another on how to con online sellers. You think their credit card is going to argue with them when they ship it to another address under another name, use a VPN so it shows like the PayPal payment was sent from another country, etc? They'll have a watch, and their money back, zero issue.
dmash is offline   Reply With Quote
Old 22 July 2017, 06:26 PM   #39
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
OP you just need to realize that this is why a lot of online watch sellers are hesitant with PayPal. It's a breeding ground for con artists.
dmash is offline   Reply With Quote
Old 22 July 2017, 08:57 PM   #40
RolEdx
"TRF" Member
 
Join Date: Jul 2017
Location: Australia
Posts: 6
Quote:
Originally Posted by dmash View Post
OP you just need to realize that this is why a lot of online watch sellers are hesitant with PayPal. It's a breeding ground for con artists.
I certainly appreciate that and would feel the same way if I were the seller. However, I was just wondering why there's such a strong emphasis on post count instead of leveraging established online profiles such as LinkedIn, eBay, Facebook, etc. for verifying someone's identity.
RolEdx is offline   Reply With Quote
Old 22 July 2017, 09:25 PM   #41
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,232
Quote:
Originally Posted by RolEdx View Post
Sounds like I need to get into your circles...
Come on now, this is a family forum.
AK797 is offline   Reply With Quote
Old 22 July 2017, 11:20 PM   #42
rr-nyc
Liar & Ratbag
 
Join Date: Nov 2009
Real Name: Renato
Location: NYC / Miami Beach
Watch: Rolex Daytona
Posts: 5,344
Quote:
Originally Posted by dmash View Post
You're completely misunderstanding. I'm stating this because it can potentially happen to a seller. You think a scammer has a moral compass who cares about this? Get real. These are the same people who will get their money back from PayPal by claiming an empty box, etc. when you buy and sell enough through PayPal you see this stuff. It's ridiculous. And PayPal will ALWAYS side with the buyer. *I'm not using this as an example of something I would personally do, I'm saying there are plenty of people who do it.



I've looked into this thoroughly because I got burned a few times and wanted to 100% try to avoid this at all costs. There are literal FORUMS online created to give advice to one another on how to con online sellers. You think their credit card is going to argue with them when they ship it to another address under another name, use a VPN so it shows like the PayPal payment was sent from another country, etc? They'll have a watch, and their money back, zero issue.


You're completely right. I didn't look at it from a scammers perspective since I'm not a scammer
rr-nyc is offline   Reply With Quote
Old 22 July 2017, 11:27 PM   #43
Drolexd
"TRF" Member
 
Join Date: Jul 2017
Location: New Jersey
Posts: 5
Anybody buy from chronocentric before?
Drolexd is offline   Reply With Quote
Old 23 July 2017, 12:42 AM   #44
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
Quote:
Originally Posted by rr-nyc View Post
You're completely right. I didn't look at it from a scammers perspective since I'm not a scammer
It sucks, I stopped selling high end stuff on eBay after I got burnt on different occasions. I literally couldn't believe the lies they would fabricate and Paypal will ALWAYS side with the buyer. 'I didn't get a computer, he sent me a brick'. or the best is when I had a refund policy, and they actually sent ME back a textbook instead of a $1000 item. Per Paypal, the package was delivered back to me, and that's all they need to refund his money. Unbelievable.
dmash is offline   Reply With Quote
Old 23 July 2017, 12:54 AM   #45
PJ S
Banned
 
Join Date: Mar 2014
Location: UK
Posts: 3,990
Quote:
Originally Posted by dmash View Post
You're completely misunderstanding. I'm stating this because it can potentially happen to a seller. You think a scammer has a moral compass who cares about this? Get real. These are the same people who will get their money back from PayPal by claiming an empty box, etc. when you buy and sell enough through PayPal you see this stuff. It's ridiculous. And PayPal will ALWAYS side with the buyer. *I'm not using this as an example of something I would personally do, I'm saying there are plenty of people who do it.

I've looked into this thoroughly because I got burned a few times and wanted to 100% try to avoid this at all costs. There are literal FORUMS online created to give advice to one another on how to con online sellers. You think their credit card is going to argue with them when they ship it to another address under another name, use a VPN so it shows like the PayPal payment was sent from another country, etc? They'll have a watch, and their money back, zero issue.
If we’re going to play out the ‘empty box’ scenario, then the easy way to protect yourself is to take photos of the watch at stages of it being packed up and addressed, as well as ensuring it’s insured for its full value with the courier.
Any claim by the buyer that his CC was somehow compromised, will result in his issuer carrying the loss, not the seller.
If he tries to claim through Paypal, then the photos and emails are the proof that a transaction was conducted, and it goes without saying that only an idiot leaves money sitting in their account, rather than removing it immediately.
It should also go without saying that you do NOT allow Paypal to use your bank account for anything other than depositing funds into – I know there are no fees when paying for things by allowing them to extract funds from your bank account, but it negates the safety net of making Paypal recoup what they believe is theirs, forcing you to chase them for a refund.
PJ S is offline   Reply With Quote
Old 23 July 2017, 01:11 AM   #46
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
Quote:
Originally Posted by PJ S View Post
If we’re going to play out the ‘empty box’ scenario, then the easy way to protect yourself is to take photos of the watch at stages of it being packed up and addressed, as well as ensuring it’s insured for its full value with the courier.
Any claim by the buyer that his CC was somehow compromised, will result in his issuer carrying the loss, not the seller.
If he tries to claim through Paypal, then the photos and emails are the proof that a transaction was conducted, and it goes without saying that only an idiot leaves money sitting in their account, rather than removing it immediately.
It should also go without saying that you do NOT allow Paypal to use your bank account for anything other than depositing funds into – I know there are no fees when paying for things by allowing them to extract funds from your bank account, but it negates the safety net of making Paypal recoup what they believe is theirs, forcing you to chase them for a refund.

The pictures you talk about don't work. Google it. PayPal will side with the buyer.

Also, not linking bank account, immediately pulling funds, that's all fine and dandy when you're a casual seller. When you're a business doing multiple transactions a day it's a different ballgame and an insane hassle (especially when PayPal is a required accepted payment on eBay.)


Last, when a buyer claims his credit card was compromised or if he didn't get what he paid for, the issuer will give him a credit but then the issuer will chargeback the payment to PayPal. This results in PayPal then docking the sellers account for the money.

I'm speaking from actual experience on all these things, not just what I 'believe' might happen. You can even VIDEO TAPE you packing and shipping a high dollar item. Buyer claims it wasn't there? You're responsible. Per PayPal and ebay policy, the seller is responsible until it is in the buyer's hands.




*not trying to start an argument, but there's just so many misconceptions about the reality of PayPal. I'm incredibly familiar with all of them and it flat out screws sellers for the most part. Super convenient and safe for buyers, but it can turn out to be a major pain when people with not so good intention utilize it. There's a reason a lot of companies selling high end stuff refuse to accept PayPal. These are some of the reasons.
dmash is offline   Reply With Quote
Old 23 July 2017, 01:18 AM   #47
Tony64
"TRF" Member
 
Join Date: Apr 2013
Location: U.S.A.
Posts: 2,796
And THIS, folks, is why wire transfer is the only 100% safe way to sell privately.

It's a shame, but it's easier and safer to just trade/sell to a dealer at wholesale then risk finding a legitimate end user with PayPal.

Maybe a third party escow service would solve the problem? Is there even such a thing for watches?
Tony64 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Asset Appeal

My Watch LLC

OCWatches

DavidSW Watches

Coronet

Takuya Watches

Bobs Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.