Selling on Facebook Marketplace and CBA Mobile Payment

Ash-Say on 13/03/2021 - 21:28
Last edited 13/03/2021 - 21:33

I put something on Facebook Marketplace where the interested buyer wants to pay via CBA mobile number. He is saying he doesn't deal with cash anymore due to COVID and CBA mobile transfer will be on the spot.

I am with CBA but never used mobile transfer function before.

Is it really 100% of times on the spot transfer and payment cleared into receiver's account immediately?

Alternatively, I am keen to know if you guys think this buyer is potential scammer and I will lose money.

We are talking about $900 transaction here.

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Comments

  • Quantumcat on 13/03/2021 - 21:30
    +17

    Don't do it. Scams are possible. Tell him to meet you at a CBA ATM and he can do cardless cash from his app. The maximum is $1000 so he can't make any excuses.

    • Nalar on 13/03/2021 - 21:45
      +6

      Listen to the cat.

      The urge to sell should never overcome the logic of the transaction.

      • Ash-Say on 13/03/2021 - 21:48
        +1

        Cardless cash is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day

        https://www.commbank.com.au/digital-banking/cardless-cash.ht…

        What's the workaround here?

        • Nalar on 13/03/2021 - 21:52
          +8

          Cash in hand on FB/Scumtree. Pretty easy rule.

          To help you a little more: person claims "he doesn't deal with cash anymore due to COVID" yet he'll take possession of an item from a stranger? smell like bullshit to me.

          • Ash-Say on 13/03/2021 - 21:53
            +1

            @Nalar: Agree, will say No

            Thank you!

        • bobbified on 13/03/2021 - 22:03

          What's the workaround here?

          Use two accounts from different banks.

        • Quantumcat on 13/03/2021 - 22:39

          I can't read obviously. Info I saw was deposits not withdrawals. Sorry! I guess he has an excuse then https://ibb.co/zxXHnbz

  • bobbified on 13/03/2021 - 21:54
    +6

    He is saying he doesn't deal with cash anymore due to COVID and CBA mobile transfer will be on the spot.

    It sounds quite unsual for someone to be so adamant about not wanting to deal with cash. That's a red flag right there already! I would be insisting on cash!

    Is it really 100% of times on the spot transfer and payment cleared into receiver's account immediately?

    No. Since this is the first time he's transferring cash to you, it could take up to 24 hours to appear in your account (so the buyer willl be standing there and you're not going to want to hand over the item because the money isn't in your account yet).

  • Ash-Say on 13/03/2021 - 22:03
    +5

    He is saying he can transfer now if I share my ID copy. Hahah good try identity fraudster.

    Thanks guys, you are legend!

  • Rrpnothanx on 13/03/2021 - 22:08
    -3

    If he is paying you via PayID. It is instant.
    Good as cash on the spot

    • Ash-Say on 13/03/2021 - 22:13
      +2

      No first PayID could take up to 24 hours

      • [Deactivated] on 13/03/2021 - 23:19
        +1

        Good ol' CBA

  • tabz on 13/03/2021 - 22:15

    Is CBA mobile transfer like PayID? It could be legit. But if you're not comfortable with it, just tell them so and say cash only. If they're serious they will accomodate as they're not the one receiving the cash so it shouldn't matter to them.

    I've bought stuff off FB Marketplace, after inspecting it, transferred with an bank/Osko transfer which was instant. Confirmed they received it on the spot, but understand your concern.

  • Mechz on 13/03/2021 - 22:29
    +6

    Tell him to do a $1 PayID transfer first, then once received meet up for the $899 sale. Simples.

    • Quantumcat on 13/03/2021 - 22:41

      Good thinking

    • [Deactivated] on 15/03/2021 - 16:00
      +1

      Bad idea, don't do this. To an automated risk monitoring system a bank, this looks like either a test transaction of a small amount to "unblock" transfers to a criminal's account followed by larger transactions to clear it out, or a series of transactions designed to stay under AML reporting thresholds.

      Significant numbers of people who follow the advice given above end up being confused as to why all their transactions get stuck in "security hold" for days.

  • thatonethere on 13/03/2021 - 23:04
    +2

    CBA is the worst for instant payout. My experience it is always delayed from CBA buyers. Especially a $900 amount that will be 24 hours. Even when doing a trial $1 transfer the following larger amount still delayed.

    I don't know why they would be worried about covid if they are handing over cash.

    If you want to be sure just say "send the payment via EFT and when it clears we will meet up and have over the item".

    Or find another buyer

    • [Deactivated] on 15/03/2021 - 16:02
      +1

      Especially a $900 amount that will be 24 hours. Even when doing a trial $1 transfer the following larger amount still delayed.

      Yes, the "trial" transfer is the reason it ends up delayed. Don't do it. Bank systems see it as suspicious sending lots of transactions to a new payee especially after a small (easily missed) "trial" transfer, because it smells like a criminal got into your account, sent themselves a small payment to unblock that recipient, then started cleaning the account.

  • oscargamer on 13/03/2021 - 23:16
    +3

    Cash
    Cash
    Cash
    Only
    Cash

  • [Deactivated] on 13/03/2021 - 23:24

    I have used PayID and mobile transfer albeit for $300 only and was no issue. The buyer was quite flexible during chat and showed all good signs so I was ok making an exception. I took a risk but I had no issue.

  • blitz on 14/03/2021 - 00:19
    +1

    He is saying he doesn't deal with cash anymore due to COVID and CBA mobile transfer will be on the spot.

    Complete scam. You will be sorry, guaranteed.

  • [Deactivated] on 14/03/2021 - 00:49

    Tell him to meet you at CBA ATM and withdraw the cash and give it to you on the spot

  • herecomestheoost on 14/03/2021 - 05:49

    Tell him to wear his hazmat suit whilst he hands over the cash to you. Sounds suss. Hold out, go cash.

  • spal on 14/03/2021 - 08:21
    +1

    I have always bought using PayID. Safer for me and the seller. Recently bought an iPhone 12. Seller was actually happy that I wanted to do PayID because someone scammed him with fake cash. Apparently it was good that it was picked up only when he took it to his bank to deposit.
    I would say that it is entirely up to you. If you are not comfortable don’t accept bank transfer. If it is Facebook you can usually do some more research on the person. Maybe meet at a police station, get his drivers license, if he agrees. You can only take so much precaution.

  • impoze on 14/03/2021 - 08:36
    +1

    Red flag for sure

    I have once refused to hand over an item because they didnt have cash and wanted to do bank transfer.

    I told them to go to woolies around the corner for free cash out and they refused.

    I ended up selling it at a higher price to someone else.

  • Danstar on 14/03/2021 - 10:25
    +2

    Cash only. He is scared of cash transaction, but happy to buy an item off a stranger ?

  • omguleh on 14/03/2021 - 15:40

    CBA is always slow on the first transaction. Even for smaller transfer like $150. But subsequent ones are pretty much instant.

  • [Deactivated] on 15/03/2021 - 15:11

    CBA will impose a 24hour hold for the first fast-payment. Within that period, the buyer can always contact CBA to cancel the pending transfer, no questions asked.

    Don't fall for it.

  • Ash-Say on 15/03/2021 - 17:44
    +1

    This transaction didn't go ahead and I blocked the buyer.

    • Nalar on 16/03/2021 - 12:58
      +2

      PHEW!

      OzB saves the day!

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