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Kijiji Seller in Ottawa Won't Ship So ...

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Evoex said:
It doesn’t get cancelled but it can be a ‘fake deposit’. The bank will catch it a few days later and reverse the deposit. Another popular scam.
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Back to the old days of waiting for cheques to clear but even more time is required as banks don't seem to be under any obligation to hurry. They are happy to process transactions but the reversal can take quite a while. If the object was very valuable with an unknown buyer, I'd be upfront and tell the buyer I wasn't shipping for 14 days after the money was in my account. At least then odds are in my favour that I get to keep the money. If seller doesn't want to deal with that, they can buy from someone else.
 
Evoex said:
It doesn’t get cancelled but it can be a ‘fake deposit’. The bank will catch it a few days later and reverse the deposit. Another popular scam.
Click to expand...

I suppose the sender does not have sufficient funds in their account, maybe they made a fake deposit. They send an Interac transfer to a seller. The bank then discovers that the sender had insufficient funds and they claw back the Interac transfer from the seller accepted in good faith. Seems like a bank scam to me in that the bank has an issue with their customer, not the seller, and they only claw back the deposit because they can. If this happened to me I'd be going after my bank, the sender's bank and Interac and suing them in small claims court if the amount involved warranted it.

toronto.ctvnews.ca

Ontario man loses $1,000 merchandise in apparent e-transfer fraud

A Brampton, Ont. student who sells collectible running shoes says he was shocked when a $1,000 e-transfer payment he received was reversed by his bank.
toronto.ctvnews.ca
 
GreyGhost said:
Back to the old days of waiting for cheques to clear but even more time is required as banks don't seem to be under any obligation to hurry. They are happy to process transactions but the reversal can take quite a while. If the object was very valuable with an unknown buyer, I'd be upfront and tell the buyer I wasn't shipping for 14 days after the money was in my account. At least then odds are in my favour that I get to keep the money. If seller doesn't want to deal with that, they can buy from someone else.
Click to expand...
Ya I’m always curious about these scams. Like you, I’d let it sit there for quite some time to see if the bank flags it before I shipped anything. I guess the honesty in most people has them shipping it the next day. As the scammer I assume it’s no skin off your nose if they don’t ship or hold it, the deposit was bogus anyways.
 
Scuba Steve said:
But the bank won't cancel a e-transfer after you sent it even with proof of a scam.

Sent using a thumb maybe 2
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They are happy to lose your money, no way in hell they will lose their own.

Many years ago I had a landlord pull a rent cheque early and overdraw me. I called the bank and they said it's not their job to check the dates on cheques. I shouldn't hand the cheque over until I want it drawn. Wtf. That literally is your job.
 
GreyGhost said:
They are happy to lose your money, no way in hell they will lose their own.

Many years ago I had a landlord pull a rent cheque early and overdraw me. I called the bank and they said it's not their job to check the dates on cheques. I shouldn't hand the cheque over until I want it drawn. Wtf. That literally is your job.
Click to expand...
If you read the terms post dated cheques are not allowed that are valid the second they are written.

Sent using a thumb maybe 2
 
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