Im trying to sell a dryer on FB marketplace, there would always be someone who would message me and lowball me by 1/10 the item value and mention cash. e.g. $50 cash. Like do they assume I have offers other than cash? Do they assume FB marketplace is a bartering system where currency docent exist?
Sometime I mention I already have a better offer and they'll say something like but I'm paying cash, like do you think the other offer is not in cash?
Sorry Rant over.
Dear OP
You are not a dealer or retailer.
You dont take credit cards so CASH is the only way to get paid.
Definitely avoid payments/transfers coming from a Commonweath Bank Account as the sender has 24 hours to cancel the transfer.
Thats why Commbank is used by "scammers".
If you elect to accept bank transfer only release the goods when you see the money land in your account.
BTW Nothing wrong with facebook marketplace apart from all the "is this available" time wasters
24 hour delay, in which case the money won't be in your account and you shouldn't let them take the goods. It's not only CBA that does this though.
Once it's in your account, they can't just cancel or reverse it.
Personally I think the 24 hour delay is stupid and defeats the purpose of PayID and instant payments. If anything has just enabled more scammers.
I don't mind accepting PayID, rather that than giving out bank account details but I tell them upfront that if it delays 24 hours they have to wait to take it.
Mind offering a solution instead ?
In future you just refund the buyer in paypal and tell them to come back with cash.
Nah, if I listed it as accepts PayPal because of some checkbox I forgot about years ago then my word is my bond, I had to accept it for that transaction.
Perhaps the buyer is stoked they have cash
The mention of cash is to highlight the finality and expedience of the proposed transaction. In other words, no take backs. Often, an acceptable discount for this is 5-10%.
I mean, you can argue instant bank transfers etc but you can equally search here and WP for the number of times people have cried over the infinite transaction reversals and scams. đ¤ˇââď¸
Yeah absolutely this. When you're selling a lower-value item, cash is exactly what you want.
And it's fast; here's the item, here's the cash, cheers mate bye.
payid works like cash, once it's in your account it can't be taken taken back. you just have to make it absolutely clear that the funds need to get cleared in your account which should be instant before handing the goods. no pending confirmations / no screenshots / printouts etc..
Thats not true, the presence of a digital foot print means the banks must investigate if the buyer claims they were scammed.
Its just not as final as you would hope.
A cash sale has much more finality.
this just means your intentions as seller is to scam the buyer. If thatâs the case sure cash inly works. If you got nothing to hide why do you hesitate?
Given a choice iâd prefer cash, next option payid. No bank transfers as they can sometimes take longer and get stuck on pending status. If you have concerns, check with your bank.
@kaleidoscope: The buyer, who has funds leaving their account can contact their bank to demand the funds to be returned, because they believe they have been scammed.
The seller who received the funds may have the hassle of dealing with their bank to prove that it was not a scam.
@BlueGlass: It's not just if they believe the have been scammed, the real issue is when the buyer is the scammer and wants the money and the item.
@BlueGlass: I worked in payments for 10yrs in Aus, not in fraud directly, but I have never heard of the burden of proof being on the seller. Have you got any real world examples of this? Do you work in banking? Sounds rather like, um….absolute garbage to me.
@buckerooni: As mentioned below, the mip process is what I was referencing.
The relevant code states what is expected for the recieving bank to do if a remitter claims a mistake.
Whilst that would be fraud, its very much on the seller to prove it.
Sorry, my IQ dropped a tad reading this.
Yes, if someone lodges a chargeback, we have a digital footprint, as a lead investigator on chargebacks for one of the big 4, as you have said I can confirm that we must investigate if the buyer claims they were scammed.
In cases of Credit card transactions, usually super simple and a lot of transaction reversals get approved.
With bank transfers and PayID transactions the investigation is typically a lot more thorough; we also collect plenty of data, IP addresses, IMEI numbers, UUID's etc to determine whether the transfer came from a known device or if it was a new one, same with network carrier, IP Geolocation, typically charge backs like these come up with the customer using a device they've used plenty of times to initiate and approve the transaction and we do NOT approve the charge back.
Cases like this are also extremely uncommon, in fact we have higher rates of counterfeit tender coming through compared this, it's less traceable and an easier scam to pull off, as well as being MUCH safer for the scammer, once they have a digital footprint we can suspend their services, pass on their details to the police for attempting to commit fraud (fairly rare for us to do this unless we've found it occur multiple times) and if we do approve a charge back we usually get an email from the 'seller' with screenshots and other required evidence to reverse the chargeback (in these cases details are passed onto police, and services are suspended).
@Darude Sandstorm: Thanks for the insight! If someone pays you with PayID and then reverses it at their end are you notified or do the funds just disappear from your account?
@PeelThis: they can't just 'reverse' it, there is no actual reversal in PayID. It's a one way payment, you or your bank has to push it back, the other bank can't just pull it back. That would be bad. There is the MIP process - mistaken internet payments, but that's a different thing with it's own process.
Payid works like cash, once it's in your account it can't be taken taken back.
Unfortunately that is not at all the case.
Scammers can use any number of means to reverse the transaction and banks will also reverse it, if you simply ask them too. All someone needs to do is create an account with false information, drop funds into it, pay you via PayID and collect the item - then just turn around and process a refund via digital request to the bank. They then take the money out the account once it's back in there and close it. Bank won't do anything about it at all after that point.
Cash is king in situations like these.
if you simply ask them too.
Rubbish.
create an account with false information, drop funds into it, pay you via PayID and collect the item - then just turn around and process a refund via digital request to the bank
No it wonât be refunded as it is a new account. The identity will be checked.
'process a refund via digital request to the bank' ok bro, what fantasy land do u live in? Once again, this is complete garbage.
Meanwhile counterfeit cash is kicking around apparently (doesn't look very convincing to me but apparently it worked)
https://www.msn.com/en-au/news/other/the-fakes-are-getting-bâŚ
Holy shit that's hilarious, the counterfeit note they used is more obviously fake than pretend money in kids cash register play sets.
What kind of complete imbecile working at a shop even accepted it ?
Actually when it comes to scumtree or farbook marketplace I usually demand cash only. No funny business. I always state price firm. All my stuff is always listed at the lowest prices any lower Iâd rather just keep it.
I'll give you $50 cash for your panda.
Unfortunately not everyone is as down the line as you. Many people pad their selling price knowing people with bargain down regardless.
Is this still available?
There needs to be a psychoanalysis about people like this…..
Itâs easy to hit by accident when navigating the page
Plus loads of people don't bother removing a listing once something is sold. So most of the time my first message will include something along the lines of that anyway.
@HolyFosh: That's exactly right.
So often I want to use the "is this available", but I know it might be ignored. So instead I rewrite the same thing in my own words instead. sigh
Send me email I want to buy
Haha… Guilty of doing this for a couple weeks when marketplace started. Kind of a UI issue? Didn't realise it was a text box vs a default message that you had to send. Think there's still a few people who don't realise this.
Where are you located?
I don't understand why people would transact on FB marketplace with anything but cash
My default position on FB/Gumtree is cash so I wouldn't give a discount for cash specifically beyond the normal price negotiation, but I would do it for immediacy (pickup today) or convenience (location/time).
I'll give you $69 in cash. That's a nice offer, it's unlikely you'll get lucky and find a sucker who'll pay $420 via PayPal.
I think $420 will get you a very nice sucker indeed.
Why Do Buyers Insist on Cash Offer as Superior?
Just put CASH ONLY in your ad, which negates everything.
…. or just put 'No Cash Accepted'. Low baller will then have to raise their offer :p
Lol people don't read descriptions.
You could just ignore the lowball offer by default till you meet the grumpy buyer like I did lol
A: What's your lowest price?
B: $400
A: I'll give you $200 cash.
i was selling a car
someone offered me 15k CASH that same evening
i said no.
a few days later a reasonable person paid via bank transfer 17k
Doesnt seem unreasonable offer of $15k if you happy to accept $17k
but in cash
at night, at my house.
i'm gonna sit there counting $15k in probably $50 bills?
and then carry it to the bank the next day?
narr.
oh yer, fair enough, I'd be worried they come back and roll the joint
I'd take $15k cash over a $17k bank transfer any day.
We don't have much of a problem with counterfeit money, but plenty of fraud with online transactions.
@SlickMick: Except nearly all the online transfer fraud is fake claims about a transfer that never happened. A simple âyou can take the item when I see the money in my accountâ resolves those.
@BigBirdy: Even if "nearly all" online transfer fraud is fake transfers (reference?), there are plenty of other vulnerabilities. It isn't as simple as when it hits your account then it was legit. You'll find out the hard way one day when the bank retracts the transaction.
@SlickMick: ah see, except i'm aware of all this.
they made a transfer.
they collected the car after the money had arrived, and after i had moved said money to another bank.
i had a scan of their passport and a signed 'contract of sale' between both parties, and the rego disposal form filled out.
@FoxJump: Withdrawing funds doesn't stop the bank from demanding them bank, and you're in for some grief when it turns out you've been doing business with money landerers or whatever. Good that you have something to pursue when things turn sour though (if the passport is legit.).
@SlickMick: also i didnt cancel my car insurance until 3months after. and my policy DID cover theft by deception on sale (nrma insurance)
@SlickMick: No there isn't, stop perpetuating this bs. There's a reason why businesses use bank transfers, a reason why basically all online sales are done via EFT or card. If there was validity to what you were saying everyone would be using crypto only and we'd see a massive, massive amount of scammers that are sending money and trying to claim chargebacks, this happens infrequently and usually less often than counterfeit cash, it's against the banks ledger and charge backs have to be approved which can be difficult as well as reversed quite easily with simple evidence.
@Darude Sandstorm: Businesses do credit checks before they trust a vendor.
If I want to puchase something online from a vendor that I don't know, I research thier track record first. I don't deal with a vendor if I don't trust them.
Did you say there are more counterfeit cash transactions than online scams? Source? Are you talking about in Australia? I call BS.
Just as an example on your chargebacks, many vendors don't want to accept PayPal because it's so easy for a customer to claim a chargeback. But infrequently, are you talking minutes/ hours or days?
And you haven't mentioned actual cyber crimes, whetehr a victim is tricked into believing a payment has been made, only for it to either never reach thier account, or the bank discovers that the transaction was fraudulent and reverses it.
I don't know whether your a sucker, a criminal not liking your business model being threatened, or just an online bully.
@SlickMick: I think calling me a sucker or a criminal would make you the online bully.
Refer to one of my other comments:
"if someone lodges a chargeback, we have a digital footprint, as a lead investigator on chargebacks for one of the big 4, as you have said I can confirm that we must investigate if the buyer claims they were scammed.
In cases of Credit card transactions, usually super simple and a lot of transaction reversals get approved.
With bank transfers and PayID transactions the investigation is typically a lot more thorough; we also collect plenty of data, IP addresses, IMEI numbers, UUID's etc to determine whether the transfer came from a known device or if it was a new one, same with network carrier, IP Geolocation, typically charge backs like these come up with the customer using a device they've used plenty of times to initiate and approve the transaction and we do NOT approve the charge back.
Cases like this are also extremely uncommon, in fact we have higher rates of counterfeit tender coming through compared this, it's less traceable and an easier scam to pull off, as well as being MUCH safer for the scammer, once they have a digital footprint we can suspend their services, pass on their details to the police for attempting to commit fraud (fairly rare for us to do this unless we've found it occur multiple times) and if we do approve a charge back we usually get an email from the 'seller' with screenshots and other required evidence to reverse the chargeback (in these cases details are passed onto police, and services are suspended)."
I'm not referring to "PayID" Scams etc, only actual payments and actual chargebacks.
The amount of chargebacks where someone has made the payment via EFT or PayID and tried to charge back are few and far between, the amount of chargebacks made this way that get approved are lower than the amount of counterfeit cash crimes.
Nothing to do with paypal, Bank transfer and PayID.
Nothing to do with 'Cyber crimes' in that sense, this is on an individual level where they might get away with one chargeback at most, but more often than not after investigation they do NOT get approved.
Your latest response is completely irrelevant and nothing to do with my comment about you perpetuating BS pretending that people actually do EFT or PayID chargebacks. Like I said, if it was a real threat, we'd all be using crypto. Troll.
@Darude Sandstorm: You obviously know all about your little world. You need to open your eyes to the fact that there are other fraudulent transactions that apparently you don't deal with.
Additionally, you're ignoring everything I said and just dwelling on the one type of fraud that you understand.
Yes, we certainly aren't talking on the same wavelength. I stand by what I said, I will continue to not accept electronic payments from unvetted strangers.
See ya.
@trapper: Yeah, but $15k is a lot to lose too. Enough to attract shysters, so $2k is not enough of a discount for me.
@SlickMick: if i had my little covid uv torch then i could have asked the guy to wait while i checked every single bill … but narr cbf
but getting $15,000 in cash saves you having to go to an ATM every time you want to buy drugs.
what was the car?
Prius c
how do they assess the hybrid batteries health when selling?
@Poor Ass: there's an app. dr prius which does something via the obd port but this guy didn't check or care. car had 60 or 70kkm only
Cash is such better for FB market place. The idea of cold hard cash in your hand is supposed to make you jump up excitedly and take the offer
Like wide world of sports on 3rd man? â$50 cold hard caaaaaashâ
I mean they could offer EFT. But that comes with its own risk. Perhaps Bitcoin transfer if you prefer?
Current bitcoin transfer fee is 'just' USD4.61. Cheap!
Lightning Network is free.
for a single transaction? free and easy to use! I wonder why every BTC txn doesn't use it….
Tradies trying to shift undeclared income
Aren't they at work instead?
Cash has no stupid fees
In your description:
âNo response for messages that only say âis this available?â Please reply with when you could pick up, Cash Only, Price is firmâ
Then stick to this. I simply donât reply to people who I think are too much trouble, donât read the description, ask for a stupid discount or have a weird profile, sometimes I block people too just based on this.
People I avoid are ones who tell me some sob story like âIâm just recovering from blah blahââ âleaving dv situationâ etc. There are organisations that support people in these situations and I donât want to know about peopleâs personal life. Iâd say most of these stories are made up to try and get a cheaper price, some of them also just rock up and try to steal the item or all of a sudden want to use a different payment method once theyâre at your house. I also avoid people who have animal face filters over their profile pic, something about that just screams low life scammer to me. People who put hehehe in their messages when itâs not funny or use excessive emojis. People who message excessively. Like if Iâm at work and havenât looked at my messages and someone has messaged once, then later in the day they write âhello?!â (Iâm not a 24hr convenience store).
But⌠my items are always very reasonably priced so I can be choosy. Perhaps Iâm judgmental but it works for me and simply isnât worth my time to be stuffed around.
I recently advertised a dishwasher for $200. One person offered me $100 and added a "money is tight" sob story. I replied that their offer was almost an insult and that they aren't alone we all have money issues at the moment.
They paid $180 for it. :-)
You had a win there. My lowballers are only interested in ultra cheap items they can flip.
This is the reaason I hate selling things… dealing with flogs, low ballers and people whose mate will pick it up….
Is the oil rig workers still in use ?
Yeah a sob story about money tight and wanting a dishwasher is a bit rich if money is really tight you dont need a dishwasher.
When lowballers offer me "$xx CASH!" I usually reply "What would your alternate currency be? Magic beans?"
Magic beans I would take… might be a golden goose at the end of the beanstalk.
Cash is king baby
Lowballers are a part of Facebook marketplace and Gumtree. I reply to them all because I get a good idea of my items value and some of the offers are interesting.
Interesting in what way?
Also, are you threatening my loopholio?
Well … it is either the moronic Is this still available? or the arrogant how much for about $xyz cash?
Part of the silly game for some …
Something amazing happened to me once.
I got the message, "Is this available?"
I replied.
Then I got a reply that said "Sorry, I don't know what happened. I must have accidentally hit the button." Unbelievable but true :D
I don't mind offers, lowball or not. Gotta try right. I can just say no, sometimes counteroffer. Sometimes they end up buying, sometimes they dont.
I'm guilty of trying it on, items I can live without but if I got it cheap enough…and sometimes get lucky, if they just want rid of it or whatever.
My favourite though is "What's your last price?"
My favourite though is "What's your last price?"
You could say "My last price was $300 before I dropped it to $270. You can have it for $300 if you insist."
anyone who hasn't done thier research to determine value should just be blocked…easiest and stress free way to deal with degenerates on the market place
Honestly, it's probably just a habit from the old days where i guess businesses/people preferred cash, because they don't declare it wink wink and don't need to mess with banks, receipts, etc and then they have it ~immediately~
Probably the same way nobody on FB would/should take anything but cash, because anything else has the potential to be dodgy or a hassle.
Today, it's probably just a formality to mention the cash, and get it out the way. As well as almost a 'reverse sales tactic'? Like 'I'll take it off you hands, for $$$, cash'.
Cash Money only
When I was selling a motorbike advertised for $6,500 I had someone message an offer of $2,500 cash.
I said ok if you buy it today which he said he will be right over.
Gave him the address for a comedy club in the city and he rang me when he arrived and said I'm here where are you.
I said come inside and get up on stage and tell your joke, as offering that amount is funny.
He abused me for wasting his time, I said you wasted all our time thinking anyone is going to accept a stupid offer like that.
Sold it 3 days later for $6,000 to someone else.
This is brilliant if real
Pretty sure this is a common 'yarn', but good for you!
that someone else grew up to be Albert Einstein.
The â is this still available â people is the thing that makes marketplace horrible . On many things i get 10 of these messages and when you respond they have disappeared off the face of the earth . It cant be all accidental
Marketplace making itself horrible for keeping the message "Hello, is this still available?" as default, not the people who use it.
Theres the problem