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Post by screwriverracing on Jun 9, 2015 9:40:14 GMT
Hi all,I am thinking of buying a bike, so say owner has sent me the following As I will not be able to sell the bike to you, myself I decided to use a third party Escrow company to act on my behalf. They will be supervising the entire sale process from payment, shipping with a inspection period (5 working days) and (if needed) returns and refunding. Please let me give you a brief description about the process of this sale and afterwards you can decide if you want to go with it or not. The company is keeping the bike with all its documentation(V5c included),signed by me, ready for the sale, and you will have to transfer the payment amount for the bike in an escrow account held by the third party company. The shipping, escrow company and return(if you refuse)fees will be paid by me so no extra charge for you. If you will agree to go ahead and want to buy the bike, I can advise the agent designated for my transaction and he can prepare the transaction (it will provide you a technical inspection and proforma invoice containing their escrow account details). You will have to transfer the payment into their trust account. After payment verification they will deliver the bike to your address. I won't get paid until it arrives and you inspect it, the money will be kept there, while the company will wait your decision. After you will benefit of 5 working days of inspection and if decide to keep the bike, the company will transfer the money to me and we will have a successful deal. If however you decide not to buy it, the company will pick it up and they will give your money back with no questions asked in less than 24 hrs. Thank you and let me know if you agree with terms and we can discuss further. Has anyone any experience of this, or is it a scam? Cheers SRR
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Post by mar71n on Jun 9, 2015 13:01:19 GMT
I know Escrow is a way of paying for goods & the money is not released ( you pay into a Escrow account )until you receive the goods & are happy with them. Not heard of the above.
I have not used Escrow. Do some Googling.
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Post by sibag on Jun 9, 2015 13:09:11 GMT
I would get full details on the third party and do some digging on them.
Escrow is just a descriptive word.
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Post by badgerkdd on Jun 9, 2015 14:15:10 GMT
unless the bike is a real 'must have' i'd avoid it, even if its legit it sounds like a right ball ache especially from your point of view and not the sellers. If you are really desperate then do some serious digging on all parties involved and if possible use a credit card for the transaction, they have some protection of your money rather than direct bank transfers etc.
What are you looking at buying?
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Post by arttu on Jun 9, 2015 14:59:07 GMT
I think I have heard about scams using similar scheme. If I recall correctly the scammer uses name of some reputable escrow company but tricks you to make payment on some other account and then the money is naturally gone. So I would be very careful. I find it suspicious that the seller promises to pay all the fees that must be quite high with this kind transaction.
On the other hand I have understood this is real and existing way to do deals so there is a change it's legit.
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Post by jaydee on Jun 9, 2015 15:22:24 GMT
Sounds like a scam. It's all the use of third parties that 'hold the money' get alarm bells ringing. In scams, buyers are reeled in with a too good to be true price and sellers are offered a price too good to turn down. Get in touch with the fella you are dealing with and ask loads of questions. The perfect English 'template' correspondence that you received initially soon start to become poorly worded thrash when the Nigerian tries to keep the scam going by answering questions in the hope of reeling you in further. It could be a genuine deal but I'd walk away from anything that is not a straight forward process.
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Post by buggerlugs on Jun 9, 2015 15:22:34 GMT
If you have doubts, just walk away. There are plenty of other bikes !
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Post by p4ddy on Jun 9, 2015 15:31:40 GMT
Fork me that sounds dodgy, I'd personally tell the seller to fook off (well Dave would, I'd be fak off) what bike and link to ad?
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Post by panda on Jun 9, 2015 16:11:49 GMT
a few years back knew someone who got done out of a grand for an engine that didn,t exist through a similar scam using western union money transfer, so beware, as others have said could be legit but i,d be super careful
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Post by quazi on Jun 9, 2015 17:44:23 GMT
You'd have to ask the question, why go to all that trouble if it's a genuine sale, I'd fook right off!
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Post by captain chaos on Jun 9, 2015 18:02:44 GMT
Better give me the money straight away.
You'll get the same result, and I'll be a bit richer.
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Post by screwriverracing on Jun 9, 2015 18:28:06 GMT
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Post by jaydee on Jun 9, 2015 18:56:47 GMT
According to the following link, AA Logistics has dissolved? linkLooks like the scammer is using a dissolved company to create a phantom i.d. If it was a UK based company, then why is it's address end in .czechian.net?
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Post by screwriverracing on Jun 9, 2015 18:59:28 GMT
Found the same myself Still intrigued, what's my next move. Contact the seller and tell him there dissolved, and he needs to get the bike back asleep, how else can I play him along? Cheers SRR
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Post by bigkenx on Jun 9, 2015 19:05:44 GMT
tell him his bike smells of shit cause your going come over and shove it up his fucking arsehole , the only way I'd buy I bike abroad is to go over myself see the bike pay the money and be with it all the way home , I know a couple of people who bought abroad and the bike was not as stated
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