Hi,
I wanted to give everyone a heads up about an experience I'm having on ebay. I listed a Case knife and had a buyer over a week ago. I never received payment or any replies from attempts to contact the buyer. I started looking at his feedback and he has purchased 290 Case knives since the middle of April. From what I can tell the average cost was at least $45 per knife which means he as spent over $13000 in 4 months. The knives do not seem to be any particular pattern or sets, they look random to me. He also seems to outbid everyone and price doesn't seem important to them.
It's possible it's legit and for some reason he is having issues contacting ebay and myself but I would say that is a tiny possibility. There are a bunch of red flags and I sent ebay a report informing ebay to check the buyer out.
Here is the big news if you sell on ebay:
According to paypal if someone uses a stolen card then the ebay seller will be hit with the chargeback!!!! If the person above is a fraud then those 290+ knives will be charged back to the sellers (depending on if it's reported and if there is a reporting timeframe). I knew that you could get chargedback if someone filed a claim concerning lost or misrepresenting items etc but never knew that the ebay seller was responsible for items concerning card theft, I thought Paypal took the hit. Here is Paypals explanation.
A chargeback, also known as a reversal, occurs when a buyer asks a credit card company to reverse a transaction that has already cleared. A buyer may file a chargeback with his/her card issuer based on credit card association regulations and timeframes.
Although a chargeback may appear similar to a PayPal claim, its actually a process that is granted to a cardholder by their credit card company and initiated outside of PayPal. In a dispute over a chargeback, the decision is ultimately made by the credit card company and PayPal cant control the outcome.
Two common reasons for reversals or chargebacks are:
A buyers credit card number is stolen and used fraudulently.
A buyer makes a purchase, but believes that the seller failed to fulfil their side of the agreement (for example, they did not send the item, sent an item that was very different from the seller's description, or the item was damaged when the buyer received it).
All sellers who accept credit card payments run the risk of being liable for chargebacks. Chargebacks are among the unfortunate costs of doing business. Many sellers factor this cost into their business risk model.
If you are bidding on a Case knife on ebay be careful not to get into a bidding war because you may be bidding against this buyer or someone like him. If you are selling then be prepared to give away your item for free to a crook. Sellers can't verify credit cards, that is what Paypal supposedly does but Paypal doesn't want the liability so they stick the seller with it. Win-Win for Paypal.
I am probably lucky the buyer never paid me. I've sold quite a few knives on ebay and never had a problem but from now on I think I will find a different way. I'd feel safer selling on Bladeforums to someone with a good rep.
I wanted to give everyone a heads up about an experience I'm having on ebay. I listed a Case knife and had a buyer over a week ago. I never received payment or any replies from attempts to contact the buyer. I started looking at his feedback and he has purchased 290 Case knives since the middle of April. From what I can tell the average cost was at least $45 per knife which means he as spent over $13000 in 4 months. The knives do not seem to be any particular pattern or sets, they look random to me. He also seems to outbid everyone and price doesn't seem important to them.
It's possible it's legit and for some reason he is having issues contacting ebay and myself but I would say that is a tiny possibility. There are a bunch of red flags and I sent ebay a report informing ebay to check the buyer out.
Here is the big news if you sell on ebay:
According to paypal if someone uses a stolen card then the ebay seller will be hit with the chargeback!!!! If the person above is a fraud then those 290+ knives will be charged back to the sellers (depending on if it's reported and if there is a reporting timeframe). I knew that you could get chargedback if someone filed a claim concerning lost or misrepresenting items etc but never knew that the ebay seller was responsible for items concerning card theft, I thought Paypal took the hit. Here is Paypals explanation.
A chargeback, also known as a reversal, occurs when a buyer asks a credit card company to reverse a transaction that has already cleared. A buyer may file a chargeback with his/her card issuer based on credit card association regulations and timeframes.
Although a chargeback may appear similar to a PayPal claim, its actually a process that is granted to a cardholder by their credit card company and initiated outside of PayPal. In a dispute over a chargeback, the decision is ultimately made by the credit card company and PayPal cant control the outcome.
Two common reasons for reversals or chargebacks are:
A buyers credit card number is stolen and used fraudulently.
A buyer makes a purchase, but believes that the seller failed to fulfil their side of the agreement (for example, they did not send the item, sent an item that was very different from the seller's description, or the item was damaged when the buyer received it).
All sellers who accept credit card payments run the risk of being liable for chargebacks. Chargebacks are among the unfortunate costs of doing business. Many sellers factor this cost into their business risk model.
If you are bidding on a Case knife on ebay be careful not to get into a bidding war because you may be bidding against this buyer or someone like him. If you are selling then be prepared to give away your item for free to a crook. Sellers can't verify credit cards, that is what Paypal supposedly does but Paypal doesn't want the liability so they stick the seller with it. Win-Win for Paypal.
I am probably lucky the buyer never paid me. I've sold quite a few knives on ebay and never had a problem but from now on I think I will find a different way. I'd feel safer selling on Bladeforums to someone with a good rep.
