A New Con When Selling Online

[Jules]

This is a unique situation, still worth being aware of.

A lady sold $480 in tools. The fellow said he didn’t carry that kind of cash so asked to do an e-transfer. Usually these are immediate and a safe financial transaction. She saw it was accepted and left. Within an hour the guy had cancelled the e-transfer. This can’t happen through our five big banks, only small banks or credit unions allow cancellation. He’d even lied about his name.

When she went public with this, her bank honoured her loss. My guess is her bank could have tracked what institution the guy was using and they can’t be bothered.

Source: https://www.cbc.ca/news/gopublic/etransfers-autodeposit-cancelled-scam-interac-1.6764431

 

[Disgustedman]

As the sign said "In God we trust, all others cash only"

 

[Sassycakes]

Very interesting info.

 

[CallMeKate]

As the sign said "In God we trust, all others cash only"

Gotta agree here, @Disgustedman ... if I'm selling something it's cash or a check if it's someone I know. Money order would work. I know there's always been scammers and thieves, but the Internet has made it so much easier for them... I don't think I'd agree to "e" anything when it comes to money.

 

[Alligatorob]

Interesting, did not know that was possible. Are the bigger name things like PayPal and Venmo safer?

 

[OneEyedDiva]

Thank you for the heads up Jules. I don't plan to sell anything but I know a couple of people who may do online transactions so it's good to know. I will share this with them.

 

[oldaunt]

Cash only, if possible. Paypal if necessary, as they have always taken care of me. Only got caught once and they made it right.

 

[oldaunt]

Interesting, did not know that was possible. Are the bigger name things like PayPal and Venmo safer?

I have used Paypal for 20 years, as I sell quilts online. They have always been good.

 

[Bella]

As far as I'm concerned, it's cash on the barrelhead or no sale.

 

[Tish]

Wow, the nerve of some people.
Thanks for sharing this @Jules.