I just sold a bike on ebay and the winning bidder sent me a message telling me that he will send me a token amount of money via paypal (just over 10% of the value of the bike) and then send the rest in cash by post! I have messaged him back asking why he would want to do this but he hasn’t replied yet, nor has he sent any money via paypal. If it is a scam I cant see what he gets but I also can’t see why he would want to pay like this. I definitely won’t be sending the bike until I receive full payment but it would be nice to have another couple of opinion on what might be going on.
Possibly just seems an odd way to do business to me. And as I keep hearing about ebay scams and how they are getting more imaginative I am just a bit wary.
I don’t know what it is… However, like you, I suspect some sort of scam going on. As you say, just don’t part with your bike until the money is actually received. And do not tolerate any ‘stories’ . I hope that it all goes well!
Maybe his line of work provides him with a boat load of cash that doesn’t exist, in the not declared front rather than forgery front. He might not have much cash in the bank to pay with Paypal but has a load in pictures of the queen.
If that was me however I’d have expected to ask the question before the auction finished, not assumed it was ok. if it arrives, get in banked before releasing the goods.
Banked before sending, make sure all of this is within e-bay mails and logged. Ask for a phone number and address and give them a call to confirm everything and log it in e-bay mails just in case.
Also if he does work in a cash rich, income tax poor non declarable distribution industry I’d suggest at least 2 sets of bombers, preferably 888’s before causing trouble.
He gets your address and then calls around nicks your bike and cancels the original Paypal payment because you email him to say you’ve had to cancel the sale because someone has stolen the bike.
Buyer paid by deposit, he arrange to pay balance in cash on pick up. Where he arrived I cancelled the sale then refunded his deposit he paid full amount in cash. No problems.
I’ve actually done the same via a BikeRadar advert. £100 paypal, then cash on collection so that I hadn’t ‘bought’ the bike fully before inspection, but the seller would be fairly sure I’d show up.
I do of course now know where he lives (OK, I’ve forgotten now but you know what I mean) and I could go round and nick his bikes, but they’re not really my style!
Am I right in saying you can’t hide your address from a winning bidder anyway? So if you give him an address to send the cash it won’t be any more risky.
Some people just like to deal in cash.
I had an American cheque Fedex’d to me on an overnight courier service from the USA to pay for a vintage Turbo saddle which only cost about £50. I waited it to clear and sent it off, no problem. The overnight service to send the cheque cost him £30 as the price was on the package. Never understood why he did it that way but it was genuine.
Too much risk and faff from your perspective – it arrives and gets signed for but you really need to take it to the bank to make sure it’s not forgery. If it is you then end up in some sort of dispute about if the money he sent was the money you took to the bank etc etc. Gets lost in post or you count it and its short – how do you prove it. And do you really want to deal with someone stupid enough to want to put large amounts of cash through the post?
I’d imagine a boat load of cash through the post was not one of your payment methods on the advert. Tell him to sort a bankers draft, bank transfer, personal cheque and wait to clear or put it all on paypal. i.e. make the hassle his not yours.
If you have to ask “is this a scam” then it probably is.
Could be innocent, of course. But as others have said, there’s plenty of ways it could go wrong. Even if it’s genuine, sending a large amount of cash in the post is mental.
At the very least I’d demand a postal order rather than cash, but to be honest I’d be very tempted to tell them to jog on and sell to the next-highest bidder. “I’d like to buy this but wish to conduct business in an unusual manner which is outside of eBay / Paypal protection” is enough reason to walk away IMHO.
People are so paranoid that even when someone pays cash they think its a scam.
If this scenario was described to me and I was asked to spot potential scams, I would say the most likely scam is that the seller says that the cash never arrived and the buyer loses out.
Tell him not to bother with the deposit, receive cash, bank cash, send bike.
Cash sales are the safest to protect yourself from scams.
Just be wary of Paypal and its chargeback facility. Essentially a buyer can almost always ask Paypal for the money back and unless there is strong evidence against it, Paypal always finds in their favour. Whether or not you’ve withdrawn the cash from Paypal into your bank account makes no difference – Paypal can usually get the funds from you without asking.
Cash by post sounds like a stupid idea, but it’s hard to see how you can lose out, providing that you wait for the money before sending the bike.