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1971 Boss
#31
I'm really surprised that Ebay or any other platform for selling items that have a large dollar amount doesn't have something like an escrow account that the buyer can put money into.  The seller would only be able to access the funds once delivery has been confirmed or something like that. If there was an intermediary service that monitored the transaction and coordinated the transfer of funds with the delivery agent it could help reduce the possibility of this type of scam. With all the technology currently available it seems this could be easy done. IS there anything like this in the market today? Even if there was a small fee it would be better then losing the total amount. Hearing what happened in the situation makes me really leery of ever doing any large purchase on an online platform.

1973 Mustang convertible, F code w/ C4, stock survivor with refresh in progress. Blue glow w/ Blue Comfortweave interior.
  Reply
#32
I have purchased several large ticket items off ebay as well as sold them. I have always only been willing to place a modest deposit and pay the rest in person upon pick up in person. I also use those terms when selling items of higher value. Maybe it is just me but the price of a trip somewhere or an airline ticket far out weighs the potential cost of fraud.

73 Grandé H Code. Headman long tube headers, T-5 Transmission, 3.70 Traclok, Lowered 1" all around, Aussie 2v heads w/ 2.19 intake, 1.71 exhaust, screw in studs, full roller cam 608/612 lift 280/281 duration LSA 112, Quick Fuel 750 CFM double pumper, AirGap intake.

- Jason


[Image: 082-hot-rod-power-tour-2017-1970-1970s.jpg]
  Reply
#33
(01-25-2019, 04:17 PM)JimB73 Wrote: I'm really surprised that Ebay or any other platform for selling items that have a large dollar amount doesn't have something like an escrow account that the buyer can put money into.  The seller would only be able to access the funds once delivery has been confirmed or something like that. If there was an intermediary service that monitored the transaction and coordinated the transfer of funds with the delivery agent it could help reduce the possibility of this type of scam. With all the technology currently available it seems this could be easy done. IS there anything like this in the market today? Even if there was a small fee it would be better then losing the total amount. Hearing what happened in the situation makes me really leery of ever doing any large purchase on an online platform.

That is a really good suggestion Jim and I totally agree.

1F03M, Maroon,Blk Int,Wht Top,A/C,Rim Blow,Posi
1F03M, Maroon,Wht/Wht,PW
1F03M, GrbrLime,Wht/Wht,A/C,CA Car
1F03M, Drk Green,Grn/Blk,4-Spd,Tach,R/A,Tilt,Rim Blow,PW
1F03M, Drk Grn,Blk/Blk,4-Spd,Tach,A/C,Tilt,Rim Blow,Mgnms
1F03M, Black,Wht,Wht,Tach,Posi
1F03M, Brown,Ginger,Blk,4-Spd,R/A,Tach
1F03M, Pewter,Blk,Blk,4-Spd,A/C,R/A,Tach,Mgnms
2F03R, GrabberBlue,Wht,Wht,Dcr Grp,Tach
2F03R, Brgt Blue,Wht,Wht,Dcr Grp,Tach
2F03Q, Red,Wht,Wht,Rim Blow,A/C,Tach,Conv.Grp,DcrGrp,Stripes,Mgnms
2F03Q, Rd,Rd,Blk,Rim Blow,A/C,Tach
2F03Q, Brgt Lime(Orig. Gld Glw),Blk,Blk,A/C,P/W,Tilt,Conv Grp,Dcr Grp
2F03Q, Grbr Blue,(Orig. Brt Blue)Wht, Wht,4,Tach,A/C
3F03Q, (2) Gold Glow(one Blk int,one Ginger int),4-Spd,Tach,Dcr Grp,Stripes,TuTone Hood,Frgd Whls
3F03Q,BluGlow,Blu,Wht,4Spd,A/C,Tach,DcrGrp,Stripes,TT,Frgd Whls
3F03Q, Copper,Gngr,Blk,4Spd,Tach,DcrGrp,Stripes,T-T,Frgd Whls
3F03Q, Trpl Wht,A/C,P/W,Tilt,Tach
3F03Q, Spcl Ordr Black,Blk,Wht,Tach
3F03Q, Spcl Order Purple,Wht,Wht,A/C,Tach,Tilt,P/W,Frgd Whls
And 10 more verts, 2 Boss 351s and 1 M-code Mach I! Big Grin
  Reply
#34
(01-25-2019, 05:19 PM)73pony Wrote: I have purchased several large ticket items off ebay as well as sold them. I have always only been willing to place a modest deposit and pay the rest in person upon pick up in person. I also use those terms when selling items of higher value. Maybe it is just me but the price of a trip somewhere or an airline ticket far out weighs the potential cost of fraud.

Hi Jason. I get your point. The problem on the other side as a seller I can recognize is being burned by "buyers" who just want to "kick the tires" after a purchase or worse just seem to enjoy wasting peoples time. I have sold a lot of cars and I can tell you it can be just as frustrating for a seller to try to sell a car on Ebay or any other auction service. It's a hassle and costs money to relist an item after a winning bidder never replies or someone with "buyers remorse" walks away from a deal with only the risk of being out a few hundred dollars. It can be a tough situation either way, buying or selling. It's like a game that has to be played well on either side. With my job I don't have the time to travel. And Plane tickets are getting extremely expensive. We don't have direct flights to anywhere from our airport in Birmingham. If a car was within 3 hours of me however, I'd find a way to do the transaction in person. I will say, however, that if I find a deal across the country again, somehow I will have to find a way to do the transaction differently from the way I did this one. I started out right trying to find someone to check the car out first. Next time I will probably work harder to make that happen. One thing is for sure. I will never proceed with a transaction again if I sense any problem with having the ABILITY to inspect a car the car first.

1F03M, Maroon,Blk Int,Wht Top,A/C,Rim Blow,Posi
1F03M, Maroon,Wht/Wht,PW
1F03M, GrbrLime,Wht/Wht,A/C,CA Car
1F03M, Drk Green,Grn/Blk,4-Spd,Tach,R/A,Tilt,Rim Blow,PW
1F03M, Drk Grn,Blk/Blk,4-Spd,Tach,A/C,Tilt,Rim Blow,Mgnms
1F03M, Black,Wht,Wht,Tach,Posi
1F03M, Brown,Ginger,Blk,4-Spd,R/A,Tach
1F03M, Pewter,Blk,Blk,4-Spd,A/C,R/A,Tach,Mgnms
2F03R, GrabberBlue,Wht,Wht,Dcr Grp,Tach
2F03R, Brgt Blue,Wht,Wht,Dcr Grp,Tach
2F03Q, Red,Wht,Wht,Rim Blow,A/C,Tach,Conv.Grp,DcrGrp,Stripes,Mgnms
2F03Q, Rd,Rd,Blk,Rim Blow,A/C,Tach
2F03Q, Brgt Lime(Orig. Gld Glw),Blk,Blk,A/C,P/W,Tilt,Conv Grp,Dcr Grp
2F03Q, Grbr Blue,(Orig. Brt Blue)Wht, Wht,4,Tach,A/C
3F03Q, (2) Gold Glow(one Blk int,one Ginger int),4-Spd,Tach,Dcr Grp,Stripes,TuTone Hood,Frgd Whls
3F03Q,BluGlow,Blu,Wht,4Spd,A/C,Tach,DcrGrp,Stripes,TT,Frgd Whls
3F03Q, Copper,Gngr,Blk,4Spd,Tach,DcrGrp,Stripes,T-T,Frgd Whls
3F03Q, Trpl Wht,A/C,P/W,Tilt,Tach
3F03Q, Spcl Ordr Black,Blk,Wht,Tach
3F03Q, Spcl Order Purple,Wht,Wht,A/C,Tach,Tilt,P/W,Frgd Whls
And 10 more verts, 2 Boss 351s and 1 M-code Mach I! Big Grin
  Reply
#35
I think it was Hagerty that sent me a message about the scams for cars last year. There was over $25,000,000 scammed and the FBI recovered an astounding ZERO. It is done from foreign countries and when the funds are transferred the money is pulled out and sent to off shore accounts.
This is one of my wild thoughts. Ebay and Craigslist are the ones doing it. They have all the info and control everything. I saw the comment about people buying on ebay and never close the deals. I always look at the bidders and their history. Most bidders are JOKE bidders and they just run the price up. Could it be that is Ebay is doing that also to try to increase their share. I have sent numerous emails to ebay trying to get them to require you to put a $500 retainer up before you can even bid on a big item. If you win goes toward the cost if you loose you get it back. They want no part of that.
They could be the ones taking all the money and trying to get the prices higher.
I only one time paid without going to see the vehicle. I got the car no issues. We had over 70 emails with lots of extra pics so I knew for sure he had the car. I used PayPal also. The last one I bought I did not pay until I laid hands on the car in Dearborn Mich. Heck you can drive about anywhere in the U.S. in 50 hours. I have like 20 airline tickets in American Express miles.
I would never do a deal like these two were for sure. I have had people take more pictures of them standing in front of the car and hold a dollar bill to show it was there, lol.
I was emailing someone in Atlanta on Craigslist on a 65 Mustang that had been stored since 1982. Lots of options but had a tree limb fall on it and bent the roof. I could never get more pics he was sick or no way to take them. When I wanted to come take a look he was sick in hospital then I was going tomorrow and he has family sick now. Would not give me address to GPS wanted to meet at a grocery store. Which I would not do either would worry about stealing the car.
In my area apartments and rentals are scarce. Big issue with Craigslist and scams on apartments. They have to have a deposit before you can come and view or to hold it until you come. There is no apartment...
I do not and will not send money. I will meet them at bank and have bank do the title and pay for the car there. If they will not do that then I am not interested.
I still think they should investigate ebay and craigslist for possibly them being the ones taking the millions.
Food for thought.


When a man is in the woods and talks and no women are there is he still wrong??
Tongue
David
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#36
Way back when eBay used to have or partnered with an escrow service. I can't find any mention of it on the site now. My guess is that it was easier and less expensive to just provide guarantees to buyers. Escrows would involve additional fees that would have to be paid by someone.

---
Mike
  Reply
#37
(01-25-2019, 11:14 PM)Carolina_Mountain_Mustangs Wrote: I think it was Hagerty that sent me a message about the scams for cars last year. There was over $25,000,000 scammed and the FBI recovered an astounding ZERO. It is done from foreign countries and when the funds are transferred the money is pulled out and sent to off shore accounts.
This is one of my wild thoughts. Ebay and Craigslist are the ones doing it. They have all the info and control everything. I saw the comment about people buying on ebay and never close the deals. I always look at the bidders and their history. Most bidders are JOKE bidders and they just run the price up. Could it be that is Ebay is doing that also to try to increase their share. I have sent numerous emails to ebay trying to get them to require you to put a $500 retainer up before you can even bid on a big item. If you win goes toward the cost if you loose you get it back. They want no part of that.
They could be the ones taking all the money and trying to get the prices higher.
I only one time paid without going to see the vehicle. I got the car no issues. We had over 70 emails with lots of extra pics so I knew for sure he had the car. I used PayPal also. The last one I bought I did not pay until I laid hands on the car in Dearborn Mich. Heck you can drive about anywhere in the U.S. in 50 hours. I have like 20 airline tickets in American Express miles.
I would never do a deal like these two were for sure. I have had people take more pictures of them standing in front of the car and hold a dollar bill to show it was there, lol.
I was emailing someone in Atlanta on Craigslist on a 65 Mustang that had been stored since 1982. Lots of options but had a tree limb fall on it and bent the roof. I could never get more pics he was sick or no way to take them. When I wanted to come take a look he was sick in hospital then I was going tomorrow and he has family sick now. Would not give me address to GPS wanted to meet at a grocery store. Which I would not do either would worry about stealing the car.
In my area apartments and rentals are scarce. Big issue with Craigslist and scams on apartments. They have to have a deposit before you can come and view or to hold it until you come. There is no apartment...
I do not and will not send money. I will meet them at bank and have bank do the title and pay for the car there. If they will not do that then I am not interested.
I still think they should investigate ebay and craigslist for possibly them being the ones taking the millions.
Food for thought.


All great points David. I'm getting a real education. I've been too naive and trusting and guess I should be lucky this hasn't happened more often to me. I know I will be way more careful in the future. Thanks for the input. Kevin.

1F03M, Maroon,Blk Int,Wht Top,A/C,Rim Blow,Posi
1F03M, Maroon,Wht/Wht,PW
1F03M, GrbrLime,Wht/Wht,A/C,CA Car
1F03M, Drk Green,Grn/Blk,4-Spd,Tach,R/A,Tilt,Rim Blow,PW
1F03M, Drk Grn,Blk/Blk,4-Spd,Tach,A/C,Tilt,Rim Blow,Mgnms
1F03M, Black,Wht,Wht,Tach,Posi
1F03M, Brown,Ginger,Blk,4-Spd,R/A,Tach
1F03M, Pewter,Blk,Blk,4-Spd,A/C,R/A,Tach,Mgnms
2F03R, GrabberBlue,Wht,Wht,Dcr Grp,Tach
2F03R, Brgt Blue,Wht,Wht,Dcr Grp,Tach
2F03Q, Red,Wht,Wht,Rim Blow,A/C,Tach,Conv.Grp,DcrGrp,Stripes,Mgnms
2F03Q, Rd,Rd,Blk,Rim Blow,A/C,Tach
2F03Q, Brgt Lime(Orig. Gld Glw),Blk,Blk,A/C,P/W,Tilt,Conv Grp,Dcr Grp
2F03Q, Grbr Blue,(Orig. Brt Blue)Wht, Wht,4,Tach,A/C
3F03Q, (2) Gold Glow(one Blk int,one Ginger int),4-Spd,Tach,Dcr Grp,Stripes,TuTone Hood,Frgd Whls
3F03Q,BluGlow,Blu,Wht,4Spd,A/C,Tach,DcrGrp,Stripes,TT,Frgd Whls
3F03Q, Copper,Gngr,Blk,4Spd,Tach,DcrGrp,Stripes,T-T,Frgd Whls
3F03Q, Trpl Wht,A/C,P/W,Tilt,Tach
3F03Q, Spcl Ordr Black,Blk,Wht,Tach
3F03Q, Spcl Order Purple,Wht,Wht,A/C,Tach,Tilt,P/W,Frgd Whls
And 10 more verts, 2 Boss 351s and 1 M-code Mach I! Big Grin
  Reply
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