is there anyone running a scam where they send you a bank draft to buy something from you.?

Question

i havent sold any thing yet but would it be possibile for him/her to rip me off by tracking the bank ac i put the draft in or something like that

ok but what if you cash the draft out of the bank before you send any merch to them

Answer 1

A draft is not a check and can be cancelled usually upto 60 days after it is wrote. So you may give them the title then they may put a stop on the draft. Good Luck

10 yrs in the biz

Answer 2

They send you more money than what you asked for, then ask you to send the merchandise and refund the excess money. The bank finds out a week or so later that the check was bad (yes even if it is a cashier's check, it could turn out to be a bad check..). At this point you are totally ripped off...

Also, usually these scams will come from overseas. I had someone send me an email from UK for a car that I advertised for sale and with God's mercy I didn't fall into the trap. I didn't think even for a single second that this was a scam back then.... A year or so later I find out that this was part of a scam..

So to answer your question, there are scams and please steer clear.

Answer 3

What they do is buy something from you, the check is for more than you asked for the item, then they ask you to return the difference, it's a week later and the bank finds out the check is bogus even though it cleared, now you are out the merchandise, the money you sent back, and any overdrafts incurred at your bank.

Answer 4

i'm no longer declaring that that's a rip-off, inspite of the indisputable fact that it resembles an fairly hardship-loose rip-off run hostile to human beings by folk in different international locations. (Germany and Nigeria are the regularly happening places the position the SCAMs originate.) i have considered the rip-off run on purchases by ability of eBay, Craig's list and the U.S. automobile dealer web content. Drafts are often "cleared" by ability of a critical monetary company and can want to no longer attain the issuing monetary company for weeks. The fee is many times by a fraudulent verify, which will in ordinary words be referred to as undesirable by the originating monetary company. (lengthy after your dad's monetary company has released the money.) Then they'll come again on your dad's monetary company for repayment. He might want to be out his funds and his automobile. (and be investigated by the police to make confident he replaced right into a sufferer and by no ability component of the rip-off.) i might want to verify with the monetary company and ask them to ascertain it out thoroughly before cashing the verify. they receives excitement from that incontrovertible truth that you're keen to attend until eventually all doubt about the authenticity of the deal is accomplished. The "shopper" will disappear if no longer valid upon listening to that the monetary company gained't launch the money until eventually the draft has cleared the issuing monetary company. i desire that's a valid deal, yet in ordinary words time will tell.

Answer 5

They could give you a bad check. If there is a way to rip you off, somebody will try and do it. It amazes me that people come up with all types of scams, and instead, if they put their head to good use, they could make all kinds of money legally. good luck.