Buyer backed out of bike sale hours before delivery... Deposit debate?

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After literally spending most of the past 14 hours bouncing emails back and forth explaining why I'm keeping his deposit, I think I'm finally fricking done.

This guy wasted my entire day begging for money back and all he really accomplished was to piss me off to the point of not caring anymore.


Moral or not, buyer beware -- if you offer a deposit for an item, it's a business deal/promise. Break that deal/promise, you deal with the circumstances... Have to look at it this way: That money was needed for a reason, how do you know the buyer didn't have their own commitments that depended on you completing the sale?

It's kind of a tough lesson for both sides here, I'm usually a very forgiving person, but if I'd paid a shop for the time he wasted I would be out far more than his deposit...
 
WOOOOOOOOW. Just freaking wow.

So the buyer has the nerve to email, text and call me at 9 sharp this morning after ALL this crap, suddenly claiming he actually managed to get a line of credit to repair his car, and took the balance owing for the bike out so he could now go through with the deal. (Are any bank branches even open prior to 9am for him to have done this?)

Then at the same time he says he can even EMT me the money in advance of me delivering the bike so it'll be in my account before I even leave home.

Amazing how people's stories change when you tell them their money is gone, isn't it?!

After all this trouble I'm tempted to tell him to keep his damn money, forget about the bike and consider losing $500 the price of BSing me for the past day. But I guess that would be immoral of me if this guy is being even one little bit honest about all of this.
 
TekNinja81 said:
After all this trouble I'm tempted to tell him to keep his damn money, forget about the bike and consider losing $500 the price of BSing me for the past day. But I guess that would be immoral of me if this guy is being even one little bit honest about all of this.
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You're taking this way too personally at this point. Sell the bike and move on.
 
Mina said:
You're taking this way too personally at this point. Sell the bike and move on.
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Yeah, that's just the annoyance in the situation talking. Obviously I'll honour the original deal, but the guy is lucky I'm not an ******* about it. I suspect some people would be.
 
Split it with him - $250 to each party
 
TekNinja81 said:
LMAO, yes you did.

And now it's time for me to go back to sleep. Good night everyone, may visions of money transfers dance in your heads.
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Good luck with the sale, make sure you get all the money before transferring. The guy has already proved he's dishonest.

I hate dealing with people like that. Unfortunately that kind of behavior has ran rampant in our society. Some people really need a wake-up call.
 
Sounds like your average financially-irresponsible dude. Transmission story is undoubtedly fake, but he did overextend himself somehow. It happens. He probably convinced someone else to lend him the money so he could flip the bike and not lose $500.

Whatever. I would sell him the bike, shake my head and move on.

In the original scenario, I probably would've kept $250. $500 is a large deposit.
 
Chasem said:
Good luck with the sale, make sure you get all the money before transferring. The guy has already proved he's dishonest.

I hate dealing with people like that. Unfortunately that kind of behavior has ran rampant in our society. Some people really need a wake-up call.
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This.
 
^. I'd certainly also be worried that he has a way to "contact" you after the sale
 
Cash up front, in your hands. No eTransfer's or other forms of payment.
 
nfq said:
Cash up front, in your hands. No eTransfer's or other forms of payment.
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I always thought e-transfers were the safest way.... Once you get the confirmation and the money is in your account... I don't think there is a way to claw it back.

We do this with Shanty customers that might try a credit card charge back. Never had one reversed.
 
lucky2 said:
jesus h christ, why don't you just give back the money and then lend him the rest to fix his car.
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Might as well give him a BJ while he wait.

As I get older I come to realize that selective attention can save my sanity. I would've ignored him the minute he asked for his $ back.

I'm not a nice person
 
That's a good question.

RBC states as long as the receiver hasn't deposited it yet, it can be canceled.
When I bought my previous bike my bank called me the next day (after the transfer completed) and inquired whether the transaction was legitimate or not. So I'm guessing the money can also be reimbursed by the bank post transaction? Not sure on whether it would be taken out of the other account somehow or just "added" by your bank after investigation to yours in this case.



Chasem said:
I always thought e-transfers were the safest way.... Once you get the confirmation and the money is in your account... I don't think there is a way to claw it back.

We do this with Shanty customers that might try a credit card charge back. Never had one reversed.
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this EXACT thing happened to my brother 2 or 3 years ago. My brother got a $400 deposit and returned half of it because that's what he felt his time was worth (he took it in and got it certified)...

this decision is a personal one.
 
il3dsm said:
That's a good question.

RBC states as long as the receiver hasn't deposited it yet, it can be canceled.
When I bought my previous bike my bank called me the next day (after the transfer completed) and inquired whether the transaction was legitimate or not. So I'm guessing the money can also be reimbursed by the bank post transaction? Not sure on whether it would be taken out of the other account somehow or just "added" by your bank after investigation to yours in this case.
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Transactions can be reversed even after posted, to correct transfers that customers 'mistakenly' made.

If you've paid a bill online recently (that isn't automated) you'll more than likely get a pop up that says 'Paid in error? click here to undo this payment'.

Cash is cash. Polymer bills too, too many fake paper bills floating out there.
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