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1 April 2020, 02:14 PM | #1 |
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Chrono24 Question
Was close to making a purchase, and seller wanted the payment via Apple Pay....did not want to use the escrow feature, which it seems is in place to protect both buyer and seller. Red flags started popping up in my head, am I paranoid or does this sound fishy? Anyone had similar experience?
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1 April 2020, 02:18 PM | #2 |
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Trust your gut. If it feels off, walk away. There's a million other deals to be made. Personally, I'd have passed.
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1 April 2020, 02:19 PM | #3 | |
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1 April 2020, 02:23 PM | #4 |
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Yeah I passed. Just seemed off. I don’t see the downside to using the escrow feature from either the buyer or seller standpoint. Seems simple: put cash into account, get watch, all checks out, sale is finalized. Anything fishy, sale can be cancelled, watch returned, funds returned. Seems if everything is as described there should be no issue .
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1 April 2020, 02:26 PM | #5 |
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I don't know how it works with Apple pay, but the main reason why sellers try to persuade you to use another payment system is to bypass the substantial costs related to the escrow system. As a seller you pay a % on the sales price if you go through C24.
Obviously, I wouldn't ever deal with a seller that doesn't want to use it. It's the very premise why I trust the platform in the first place. |
1 April 2020, 02:37 PM | #6 |
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I have purchased from Chrono24 before.
1. Read carefully what is included and not included in the purchase in terms of accessories tags, booklets, if you care about them. 2. Buy from trusted seller that has a PHYSICAL location that you could visit (before the pandemic that is) And you should be all set.
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1 April 2020, 02:51 PM | #7 | |
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1 April 2020, 02:58 PM | #8 | |
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1 April 2020, 05:42 PM | #9 |
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I just purchased from C24 about two months ago from a guy in Germany and I'm located in California. His first sale and my first purchase through C24. We went through the escrow service and it all worked out fine. I would not have gone through with the purchase without the escrow option.
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2 April 2020, 01:52 AM | #10 |
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I've used Chrono 4 times internationally and once domestically. I always used the escrow for internationally and the domestic one we talked on the phone a few times and used paypal.
The seller pays a premium for the escrow so much like ebay, the seller sometimes tries to contact you outside of ebay to make the deal. I don't think that makes the seller dodgy necessarily, just trying to save money. I'd just tell the guy I'll do the deal through the escrow or not at all. |
2 April 2020, 02:49 AM | #11 |
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Everything I’ve read from Chrono24 says to never buy without their escrow service. It’s a violation of terms of service and Chrono24 will not protect you from any fraud.
That said, with dealer accounts, you can see if the item is listed on the dealer’s own website and make the purchase through that channel. For private sellers, the selling fee is 6.5%. Not sure what dealers pay who have upgraded accounts. Nobody is in that much of a hurry that they can’t wait for the escrow payment to arrive. I’ve made one sale on Chrono24 and, IIRC, the payment cleared the bank either same day or next day. |
2 April 2020, 02:52 AM | #12 | |
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2 April 2020, 04:05 AM | #13 |
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2 April 2020, 05:11 AM | #14 | |
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Yeah, what could go wrong?
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2 April 2020, 05:26 AM | #15 | |
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With what? Russia? I don’t think I would take the chance but aren’t you supposed to be protected either way by Chrono24
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17 April 2020, 01:11 AM | #16 | |
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17 April 2020, 06:40 PM | #17 |
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All Russian sellers i have seen require a pick up in person.
I do like Chrono24. Bought around 40x there. Various places- US, Europe and Asia. Even twice from sellers based locally. Havent used apple pay. Used several payment modes: escrow feature, credit card, bank wire, paypal and even cash/check for the locals. Just have to research the seller and know what youre buying. |
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