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Ponzi scheme type eBay sellers (just a PSA) #4663954
02/12/18 01:55 PM
02/12/18 01:55 PM
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Reddy45 Offline OP
Reddy45  Offline OP
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
I've been an ebay user (both buyer and seller) for over 15 years now, but I think my buying habits are about to change.

Over the past year or so I have noticed a rise in what appear to be sellers that claim to sell items, but only so they can take your payment and float it until eBay takes action.

For example:

- Seller is offering Item for $50.00 with free shipping, buy it now only. Delivery estimate on item is about 10 days out.
- Buyer purchases Item, sends immediate Paypal payment.
- Seller waits a day or two and then provides a tracking number.
- Tracking number exists in USPS, but never actually updates with status.
- Buyer must wait until the 10th day after making purchase to request eBay intervention.
- Once eBay intervenes, seller has 6 business days to respond. And if you cross a weekend or a holiday period, this could be 8+ days.
- If seller responds at this point, they can offer a refund or I suppose they could "ship it out again" if the buyer were naive. (and the cycle would start all over)

So the time from the date of transaction to when eBay forces a refund could be around 20+ days.

My guess is that these unscrupulous sellers are using this 20 day period to possibly fund prior transactions or to do something unethical with the money.


I've bought from sellers with negative feedback before with no issues, but you'll have to check their last 12 months of negative feedback to see if any of them state that the buyer was not responsive or never shipped the item.

Just an FYI.

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663964
02/12/18 02:05 PM
02/12/18 02:05 PM
Joined: Nov 2008
Posts: 9,293
Phoenix
dishdude Offline
dishdude  Offline
Joined: Nov 2008
Posts: 9,293
Phoenix
Interesting. Can't say I've run into this before.


2018 Challenger SRT 392 PUP 0w-40 Wix 57899XP
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Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663974
02/12/18 02:19 PM
02/12/18 02:19 PM
Joined: Sep 2009
Posts: 32
SA
LvR Offline
LvR  Offline
Joined: Sep 2009
Posts: 32
SA
I have the same feeling .................

I am in South Africa and stuff takes forever to reach here from just about anywhere in the world ............... been bitten by exactly this situation a few times already ............. my cycle time around 45 days + if I catch the [censored] mad

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663978
02/12/18 02:24 PM
02/12/18 02:24 PM
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Reddy45 Offline OP
Reddy45  Offline OP
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
The other thing is the system is really not punitive. The seller just has to refund your money, so the time you lost waiting for the case to be resolved is worth $0.

Additionally, negative feedback isn't exactly a deterrent on eBay anymore. As we see with the Chinese sellers, they just make a new account.

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663979
02/12/18 02:24 PM
02/12/18 02:24 PM
Joined: Mar 2017
Posts: 6,517
...
PimTac Offline
PimTac  Offline
Joined: Mar 2017
Posts: 6,517
...
I just had a very similar experience with Amazon. Not sure if it’s the same MO but seller cancelled order after tracking went blank after a few days and resent the product. No big money involved but what if?


Cannot see signatures any longer so it doesn’t matter.
Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663988
02/12/18 02:35 PM
02/12/18 02:35 PM
Joined: May 2012
Posts: 1,839
The land of USA-made Subies!
SubieRubyRoo Offline
SubieRubyRoo  Offline
Joined: May 2012
Posts: 1,839
The land of USA-made Subies!
I had one from Amazon that I bought a quart of Lubegard Platinum tranny additive from a third party. When it arrived, it was not in a plastic bag, and the safety seal was not under the plastic cap. It smelled very much bad, and being my initial purchase of Platinum, I did not have a reference sample to tell whether or not it was legit.

I filed a return and the seller responded the same day "I'm refunding your money, don't worry about returning the bottle." He refunded it, but it struck me as odd- if it was legit and he knew it, he would have at least wanted the bottle back at my expense. I dunno... but seemed odd to just write off a $32 purchase and refund the money?

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663990
02/12/18 02:35 PM
02/12/18 02:35 PM
Joined: Aug 2004
Posts: 3,325
Raleigh ,NC CSA
rshaw125 Offline
rshaw125  Offline
Joined: Aug 2004
Posts: 3,325
Raleigh ,NC CSA
The seller does not get their $ it's held onto for up to a week or more by ebay.


2012 Porsche Carrera S
2016 Ford Edge 2.0
2002 Taurus Vulcan SOLD
2006 Explorer SOLD
Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4663991
02/12/18 02:36 PM
02/12/18 02:36 PM
Joined: Nov 2011
Posts: 1,242
Lyndhurst NJ
Audios Offline
Audios  Offline
Joined: Nov 2011
Posts: 1,242
Lyndhurst NJ
I just had the same problem as well, bought a refurbished Sony A5100 from a decent (or so I thought by long term reviews) seller. Shipping was estimated at 7 days, turned out to be business days but ok. Made a label the night I bought it, and nohgint changed for 7 days. Got Amazon involved and they immediately refunded everyhting, and I opened a fraudulent seller case. I checked his more recent reviews and 11 out of 12 were the same scam, made a number with no updates. I guess they hope people forget? I just went with a new one and had it in 2 days, shouldve learned my lesson, even though it was 175$ "more"


2002 VW Golf TDI-Mobil 1 5/40 TDT
2007 Mercedes GL320 CDI Fuchs 5/40 GT Pro XTL
2005 BMW M3 BMW Twin Power 10/60
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Re: Ponzi scheme type eBay sellers (just a PSA) [Re: rshaw125] #4664002
02/12/18 02:48 PM
02/12/18 02:48 PM
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Reddy45 Offline OP
Reddy45  Offline OP
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Originally Posted By: rshaw125
The seller does not get their $ it's held onto for up to a week or more by ebay.


I don't believe that is correct. I have been a regular seller for some time now and once someone purchases a Buy-It-Now item, they pay immediately and the funds go directly to my paypal account. I've even withdrawn those funds to my bank on the same day without issue.

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4664012
02/12/18 02:58 PM
02/12/18 02:58 PM
Joined: Dec 2012
Posts: 1,906
WNY
redhat Offline
redhat  Offline
Joined: Dec 2012
Posts: 1,906
WNY
I also wish eBay could allow us sellers to do more in regards to protecting ourselves or leaving negative feedback.

There are two instances where I have received negative feedback selling items. Once when a buyer didn't pay after 6 days and I cancelled the order and re-listed it. The buyer then came back and left bad feedback. Its like, "Hey buddy, PAY for the item!".

Another instance, the buyer left me negative feedback because I didn't include a STICKER that would have came with the item new. I DIDN'T even say this used item came with it. I listed what was included only and had USED all over the auction.

eBay support is a joke for helping sellers.

Last edited by redhat; 02/12/18 03:02 PM.

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Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4664024
02/12/18 03:15 PM
02/12/18 03:15 PM
Joined: Oct 2014
Posts: 4,045
Utah
CKN Offline
CKN  Offline
Joined: Oct 2014
Posts: 4,045
Utah
Ebay is no longer the place to buy items for the very reason(s) mentioned.

There are places to buy that are far less hassle-although the price may be (slightly) higher.

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4664045
02/12/18 03:36 PM
02/12/18 03:36 PM
Joined: Jul 2013
Posts: 2,284
Outer Banks, NC
NormanBuntz Offline
NormanBuntz  Offline
Joined: Jul 2013
Posts: 2,284
Outer Banks, NC
If you're an eBay buyer, first always review the seller's feedback, user history and physical location.


2017 Honda Odyssey SE, 16K
2013 Honda Accord LX, 58K
2007 Honda Ridgeline RTS, 88K
2007 Infiniti M35, 107K
Re: Ponzi scheme type eBay sellers (just a PSA) [Re: Reddy45] #4664082
02/12/18 04:11 PM
02/12/18 04:11 PM
Joined: Dec 2002
Posts: 6,600
Huntington Beach, CA
tenderloin Offline
tenderloin  Offline
Joined: Dec 2002
Posts: 6,600
Huntington Beach, CA
I sell a lot of gear on eBay. Through Pay Pal monies are taken out/deposited immediately. If there is a problem Pay Pay will hold up monies in an account until the problem is settled..assuming both parties still use Pay Pal. One problem I had was a bought some gear, the seller said they were on vacation for a few days so shipping would be delayed, then they said the item was returned because of delivery problems. Since this was over the holidays I didn't pay much attention..when I told the seller I still had not received the order,the seller said they would again mail the item the same day. Never received the item. Filed a claim with eBay but they refused to do anything because it was over 30 days...Sent me off to Pay Pal where it was resolved quickly

Re: Ponzi scheme type eBay sellers (just a PSA) [Re: NormanBuntz] #4664304
02/12/18 08:32 PM
02/12/18 08:32 PM
Joined: Dec 2006
Posts: 19,126
Dallas,Tx USA
aquariuscsm Offline
aquariuscsm  Offline
Joined: Dec 2006
Posts: 19,126
Dallas,Tx USA
Originally Posted By: NormanBuntz
If you're an eBay buyer, first always review the seller's feedback, user history and physical location.


^^This.


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Re: Ponzi scheme type eBay sellers (just a PSA) [Re: aquariuscsm] #4664433
02/12/18 11:36 PM
02/12/18 11:36 PM
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Reddy45 Offline OP
Reddy45  Offline OP
Joined: Aug 2008
Posts: 3,231
Where the wind comes sweepin'
Originally Posted By: aquariuscsm
Originally Posted By: NormanBuntz
If you're an eBay buyer, first always review the seller's feedback, user history and physical location.


^^This.


Even the location is not even reliable any more. I've had a handful of purchases in the past year ship out from somewhere other than where the listing said the item resided. The sellers in China know that people in the US don't want to wait 3 weeks for their item to arrive, so they claim the item resides in the US. Once you make the purchase and see that the tracking number is international, what can you do? eBay won't intervene.

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