Backing out of a deal

[Sid the Sloth]

1 minute ago, Just Simba said:

Not a bad idea...

Are lions always naked or always dressed? 

[RobertWhitehead]

24 minutes ago, Vetplant said:

Does the option exist that Standard Bank is a crap service provider in this case?

Maybe the back-end got the Immediate payment and sent the notification, but their systems prevented the system from showing the transaction as "completed" on the front-end?

Bank system developers might be able to advise how a payment notification can be received on an Immediate payment but it doesn't reflect on the bank account.

Methinks a third force is at play here and both the seller and buyer got a bad experience because of this.

PS. I'll be happy to apologize to Standard Bank if the scenario above cannot happen.

Apologies Standard Bank, no harm intended.

 

SBSA is crap, I have had it in the past where I do an immediate payment (twice) in front of the seller and he then receives a notification about the funds but they did not arrive into their account hours later. In the one instance I had to leave, visit some family in the area, have discussions with the bank and after around 5 hours return to collect the bike. So much for "immediate payment".  

[Just Simba]

1 minute ago, Trashy said:

Simba, I definitely think you could have done more to assure the seller of your legitimacy, but ultimately, it was Wade's responsibility to make sure he was happy that he was dealing with a trustworthy person.

He was the person with more to lose and he should have done whatever he needed to before casually handing out his bank details.

He also shouldn't have agreed to sell for an amount that he wasn't happy with, if that was the issue in the end.

He could also have done as you did, and called his bank to verify. He clearly had the money in his account, his ability to refund you shows that to be the case.

Overall, I have learnt much, laughed more and gratefully enjoyed this show from the sidelines.

Thanks mate, learnt a lot in the last week

I am glad that I could be the source of some light entertainment

Do you have 2 x treks for sale by any chance  hahahahaha

[Just Simba]

Just now, RobertWhitehead said:

SBSA is crap, I have had it in the past where I do an immediate payment (twice) in front of the seller and he then receives a notification about the funds but they did not arrive into their account hours later. In the one instance I had to leave, visit some family in the area, have discussions with the bank and after around 5 hours return to collect the bike. So much for "immediate payment".  

I get that, but 3 days later there was still "no funds"

[Trashy]

3 minutes ago, Sid the Sloth said:

I do like the Bikehub pay system but 3% of R125 000 is R3750 and that is a lot of money! It would be lekker if the pay function topped out a bit lower IMO. You guys also seem to be going on like the marketplace could not have functioned before pay but I don't think there were that many instances of big scams... Maybe I am wrong, I am new here anyway (and a bit slow)

R3750 is a lot cheaper than getting scammed.

TheHub was also a far smaller community than Bikehub is, and it was built around a small community of members.

Mountain biking in particular has grown exponentially since it began as has the number of chancers, scammers and dodgey dealers.

There are still great people on here, but it requires discernment to discover them.

[TheoG]

7 minutes ago, Sid the Sloth said:

I do like the Bikehub pay system but 3% of R125 000 is R3750 and that is a lot of money! It would be lekker if the pay function topped out a bit lower IMO. You guys also seem to be going on like the marketplace could not have functioned before pay but I don't think there were that many instances of big scams... Maybe I am wrong, I am new here anyway (and a bit slow)

Agree 3% is a bit stiff, but on the other hand its a lot more peace of mind.

[TheoG]

7 minutes ago, RobertWhitehead said:

SBSA is crap, I have had it in the past where I do an immediate payment (twice) in front of the seller and he then receives a notification about the funds but they did not arrive into their account hours later. In the one instance I had to leave, visit some family in the area, have discussions with the bank and after around 5 hours return to collect the bike. So much for "immediate payment".  

ABSA clearly states on the banking website, for the first immediate payment to a "new" account, there is about 2 hours clearing time applicable.  5 hours is unacceptable though.

[RobertWhitehead]

1 minute ago, TheoG said:

ABSA clearly states on the banking website, for the first immediate payment to a "new" account, there is about 2 hours clearing time applicable.  5 hours is unacceptable though.

The second example only cleared the next day (and it was only R2k ????)

[TheoG]

Just now, RobertWhitehead said:

The second example only cleared the next day (and it was only R2k ????)

So far I been lucky, never went beyond 2 hours.

[Matt]

14 minutes ago, Sid the Sloth said:

I do like the Bikehub pay system but 3% of R125 000 is R3750 and that is a lot of money! It would be lekker if the pay function topped out a bit lower IMO. You guys also seem to be going on like the marketplace could not have functioned before pay but I don't think there were that many instances of big scams... Maybe I am wrong, I am new here anyway (and a bit slow)

 

6 minutes ago, Trashy said:

R3750 is a lot cheaper than getting scammed.

TheHub was also a far smaller community than Bikehub is, and it was built around a small community of members.

Mountain biking in particular has grown exponentially since it began as has the number of chancers, scammers and dodgey dealers.

There are still great people on here, but it requires discernment to discover them.

 

5 minutes ago, TheoG said:

Agree 3% is a bit stiff, but on the other hand its a lot more peace of mind.

Just to clarify here, we recently introduced a cap on the fee at R950: https://bikehub.co.za/classifieds/bike-hub-pay

So on a R50k deal it works out to 1.9%
On a R125k deal it would be 0.76%

[TheoG]

Just now, Matt said:

 

 

Just to clarify here, we recently introduced a cap on the fee at R950: https://bikehub.co.za/classifieds/bike-hub-pay

So on a R50k deal it works out to 1.9%
On a R125k deal it would be 0.76%

Thanks Matt.  So its not so expensive after all ...

[Sid the Sloth]

1 minute ago, Matt said:

 

 

Just to clarify here, we recently introduced a cap on the fee at R950: https://bikehub.co.za/classifieds/bike-hub-pay

So on a R50k deal it works out to 1.9%
On a R125k deal it would be 0.76%

Lakka, great minds think alike (and small minds seldom differ) haha! 

[Trashy]

1 minute ago, Matt said:

 

 

Just to clarify here, we recently introduced a cap on the fee at R950: https://bikehub.co.za/classifieds/bike-hub-pay

So on a R50k deal it works out to 1.9%
On a R125k deal it would be 0.76%

Thanks @Matt and @Nick. Bikehub Pay is one of the best innovations for peace of mind and I have appreciated using it on a number of deals already. I think the price cap is incredibly reasonable, and there now really is no reason for bike purchases to take a risk without it. If people stop being so tight-fisted and pay the fee, we can have fewer threads like this.
(Although I have appreciated this great opportunity to up my post count...)

[Trashy]

2 hours ago, Just Simba said:

2021/09/10, 13:30 - Messages and calls are end-to-end encrypted. No one outside of this chat, not even WhatsApp, can read or listen to them. Tap to learn more.
2021/09/10, 13:30 - Simba: Good afternoon
2021/09/10, 13:30 - Simba: I see you have 2 bikes that I'd like to be mine
2021/09/10, 13:31 - Simba: Any chance you'll take 100k for both?
2021/09/10, 13:33 - Wade: Norrafok
2021/09/10, 13:33 - Simba: ????
2021/09/10, 13:35 - Wade: <Media omitted>
2021/09/10, 13:48 - Simba: Ok thanks.  110k was my max
2021/09/10, 13:54 - Wade: R130 and they are both yours...
2021/09/10, 13:55 - Wade: And I will throw in the power meter
2021/09/10, 13:56 - Simba: I can try get to 120k incl power meter.
2021/09/10, 13:57 - Simba: But ill need a few mins
2021/09/10, 14:03 - Wade: R125 k including power meter
2021/09/10, 14:04 - Simba: I'm as tight as I could possibly go hey
2021/09/10, 14:04 - Wade: I have lots of interest in the bikes separately...
2021/09/10, 14:05 - Wade: I will probably get R70 + R60 + R8 k
2021/09/10, 14:05 - Wade: In the interests of a quick sale will do R125 k
2021/09/10, 14:05 - Wade: Let me know
2021/09/10, 14:05 - Simba: I hear you.  But I'm maxed out.  Hands are tied. Ite a pitty though
2021/09/10, 14:06 - Simba: But I hear you ????????
2021/09/10, 14:06 - Simba: I can't twist your arm?
2021/09/10, 14:13 - Simba: Ok I'm good for 120k.  Just need you to accept.
2021/09/10, 14:17 - Wade: Nope, sorry...
2021/09/10, 14:17 - Wade: Appreciate the offer...
2021/09/10, 14:18 - Simba: Ok.  No problem.
2021/09/10, 14:19 - Simba: I'm working on something.  Give me a few more mins
2021/09/10, 14:32 - Simba: I'm good to go
2021/09/10, 14:32 - Simba: Banking details?
2021/09/10, 14:33 - Wade: STANDARD BANK
CHEQUE ACCOUNT XXXXXXX
2021/09/10, 14:33 - Wade: Capt W Gomes
2021/09/10, 14:35 - Simba: Can I do 50k today , 50k tomorrow and 25k  the day after?
2021/09/10, 14:36 - Wade: Sure, will hand over the bikes when everything is showing in the bank
2021/09/10, 14:36 - Simba: Perfect
2021/09/10, 14:38 - Simba: And to confirm.  This is including power meter correct
2021/09/10, 14:39 - Wade: It's currently installed on the Top Fuel. I will leave it on the bike
2021/09/10, 14:39 - Simba: Cool
2021/09/10, 14:41 - Simba: A 75k express payment has been made. You should have it in 15 min or so
2021/09/10, 14:47 - Wade: Thanks
2021/09/11, 08:28 - Simba: Hi. Did you receive payment?
2021/09/11, 08:38 - Simba: The R75k I mean ????????
2021/09/11, 11:06 - Simba: Hey are you there? Need to know that the money went to the right account ????
2021/09/11, 12:52 - Wade: I got the notification but there are no funds reflecting yet
2021/09/11, 13:15 - Simba: Strange, I didn't send a notification, and I express cleared ????
2021/09/11, 13:16 - Simba: Please let me know when it clears so the balance can be paid.  

What does the notification look like that you recieved?
2021/09/11, 13:25 - Wade: <Media omitted>
2021/09/11, 13:29 - Simba: Cool. Chat Monday ( hopefully sooner).  Have a lekker weekend.
2021/09/11, 13:30 - Wade: Where are you based for bike delivery?
2021/09/11, 13:34 - Simba: Would you please be able to drop them at XXXXXX for me.
2021/09/13, 07:00 - Simba: Good morning.  Is the cash in? The remaining 50k will be sent today.  Also instant.
2021/09/13, 07:04 - Wade: Morning. No money in my account. Please don't send the other R50 k
2021/09/13, 07:06 - Wade: Will speak to my private banker today and revert.
2021/09/13, 07:08 - Simba: That simply is not possible. My bank had already confirmed payment on Friday
2021/09/13, 07:08 - Simba: This is very worrying
2021/09/13, 07:08 - Simba: Is this normal for stb?
2021/09/13, 07:09 - Wade: I have someone coming ro look at the Top Fuel today. If he takes the bike, then you can decide if you want the Supercaliber or I will refund you.
2021/09/13, 07:18 - Simba: I have just called my bank and they confirm that the payment was cleared on Friday

So firstly I am not happy that your are going back on your word

And secondly, why won't you admit that my money is in your account?

Unless you are making excuses to justify going back on our agreement?

I'd like the deal to stay in place.  

Let me know when the R75 000 is in, and the rest will follow.
2021/09/13, 07:19 - Wade: Send me your bank detail, so I can refund you.
2021/09/13, 07:20 - Simba: So you have the money then?
2021/09/13, 07:20 - Wade: What does this say...
2021/09/13, 07:21 - Simba: Will forward details now now
2021/09/13, 07:21 - Wade: I will phone my Private Banker after 08h30.
2021/09/13, 07:22 - Wade: I dont even know your name, where you are or anything.
2021/09/13, 07:24 - Wade: If the money comes into my account today, which it should do if you sent it, then we decided what the way forward is.
2021/09/13, 07:24 - Wade: But right now, I have nothing and you coukd be a scammer.
2021/09/13, 07:29 - Simba: I would never expect you to let the bikes leave your hands until the money is safely with you.
2021/09/13, 07:37 - Simba: I suspect I know what's going on here.  

You feel like you could be being scammed, and I now too believe that I could be being scammed.  ???? because I'm 99.9999% sure the money is in your account. And you just want to make sure it's legit.  If that's the case, I don't mind you making sure.  

I don't think I'm being scammed, it's just that I know it should be in your account and you saying it's not. Which makes me worried because 75k is a lot of money lol.  

Here my details. My name is Nicholas Moolman. You can verify that on Facebook. I am from PE.  (That's why I need the bikes taken to a bike shop)  once you have all the cash, you can drop them off at XXXXXXX with XXXXX. He can confirm who I am. I buy and sell as a hobby.  

Does this ease your mind?
2021/09/13, 08:14 - Wade: I am an honest businessman, been around for years and years... I been on FB for years, Bike Hub and LinkedIn. I am not going to steal your R75 k
2021/09/13, 08:15 - Simba: Thank you.  And I should hope the same applies to not backing out of our deal.  But I get the feeling you not that type of businessman ????????????????
2021/09/13, 08:15 - Simba: So let me know when you are comfortable with the R75k and the rest will follow.
2021/09/13, 10:22 - Simba: Paying the remaining 50k now
2021/09/13, 10:22 - Wade: Please dont...
2021/09/13, 10:22 - Simba: I don't understand......
2021/09/13, 10:26 - Wade: Send me your bank details, I will refund you are money. It should be in my account by 11h00
2021/09/13, 10:26 - Simba: I don't follow though.  What's gone wrong?
2021/09/13, 10:26 - Wade: Thanks...
2021/09/13, 10:26 - Wade: I dont want to do business with you thanks.
2021/09/13, 10:27 - Simba: What do you mean? Isn't that irrelevant? We have an agreement ????????♂️
2021/09/13, 10:27 - Simba: FNB Cheque Account
Account Number XXXXXXXXX
Branch 250655
2021/09/13, 10:27 - Simba: It must please reflect immediately.
2021/09/13, 10:28 - Wade: Thanks, will send you an immediate payment as soon as it reflects.
2021/09/13, 10:31 - Simba: ????????
2021/09/13, 11:31 - Simba: Is it in?
2021/09/13, 12:24 - Wade: <Media omitted>
2021/09/13, 12:27 - Simba: ????????
2021/09/13, 14:28 - Wade: I have sent you R50 k which is my daily limit
2021/09/13, 14:28 - Wade: You will receive the rest tomorrow...
2021/09/13, 14:28 - Wade: You should also have received an sms
2021/09/13, 14:29 - Wade: Apologies that I can't send it all in one go...
2021/09/13, 14:35 - Simba: ????????
2021/09/13, 14:45 - Simba: Did you do an immediate payment?
2021/09/13, 14:45 - Wade: Yup
2021/09/13, 14:46 - Simba: Ok
2021/09/13, 14:46 - Wade: <Media omitted>
2021/09/13, 14:47 - Simba: ????????
2021/09/13, 14:47 - Wade: <Media omitted>
2021/09/14, 08:09 - Wade: Do you want to buy the Supercaliber?
2021/09/14, 08:16 - Simba: How much
2021/09/14, 08:16 - Wade: It cost me R79 k... but, I want to get rid of it.
2021/09/14, 08:17 - Simba: I'll offer R55 500
2021/09/14, 08:17 - Wade: I will send you the R25 k
2021/09/14, 08:17 - Wade: Cherrs
2021/09/14, 08:20 - Simba: Yes, please do
2021/09/14, 08:24 - Simba: Please confirm once sent
2021/09/14, 11:42 - Simba: When will you send it?
2021/09/14, 14:36 - Simba: Was it immediate ?
2021/09/14, 17:45 - Simba: ?
2021/09/14, 17:50 - Wade: Standard Bank: R25000.00 paid from Acc. 9838 to XXXXXXX. 2021-09-14 Query? 0860123107.
2021/09/14, 17:50 - Wade: Did you receive the R50 k?
2021/09/14, 17:55 - Simba: Yes
2021/09/14, 17:57 - Wade: Not sure why you haven't received the R25 k
2021/09/14, 17:57 - Wade: Let me see if I can get hold of my personal banker
2021/09/14, 18:05 - Simba: Thanks
2021/09/15, 08:21 - Simba: Please send me the actuall proof of payment so I can follow up
2021/09/15, 09:00 - Wade: Will do. Not at home at the moment, give me 30 to 40 mins
2021/09/15, 09:00 - Wade: I can assure you it was sent
2021/09/15, 09:00 - Simba: ????????
2021/09/15, 09:01 - Simba: You also assured me we had a deal. And that didn't happen.
2021/09/15, 09:01 - Simba: So forgive me if I can't take you for your word
2021/09/15, 09:01 - Wade: Yes, then found out who you are...
2021/09/15, 09:02 - Simba: Way before that, you went back on your word.  You got a better offer, and needed to find out a way to get out of the deal.  So you attacked my character instead of being honest with me
2021/09/15, 09:05 - Wade: I still have the bikes... so don't come with your ***. Why would I send you the R50 k and not the rest.
2021/09/15, 09:05 - Simba: I don't believe you would not send it.
2021/09/15, 09:08 - Simba: You probably still have the bikes because the higher offer you thought you had fell through.  Of course, I am only speculating. All I know now, is I want my 25k back asap. Not sure why you didn't do a pay and clear.
2021/09/15, 09:09 - Wade: <Media omitted>
2021/09/15, 09:10 - Wade: Assumption is the mother of all ****-ups mate
2021/09/15, 09:10 - Simba: Not always.  Not always.....
2021/09/15, 09:10 - Simba: Thank you
2021/09/15, 09:10 - Wade: Cheers
2021/09/15, 09:19 - Simba: I wish you the best.
2021/09/15, 10:06 - Simba: Can you please forward the original document to me.
2021/09/15, 10:12 - Simba: I'm looking for the document.  Not the screenshot.  I don't want to hear what your banker has to say.  I'd like the document. Why won't you just forward that to me?
2021/09/15, 10:13 - Wade: I am going to block you now... because you becoming an arsehole. You have been paid.
2021/09/15, 10:14 - Simba: All I'm asking for is the proof. How is that me being an asshole? Are you attaching my character again?
2021/09/15, 10:14 - Simba: Attacking
2021/09/15, 10:15 - Wade: Send me your ******* email address
2021/09/15, 10:15 - Simba: Hold up! Why are you becoming so aggressive???
2021/09/15, 10:15 - Wade: Send me your email address !!!
2021/09/15, 10:16 - Wade: Because you are calling me a liar...
2021/09/15, 10:16 - Simba: Not calling you a lier.  I'm asking for the document for my records.
2021/09/15, 10:16 - Simba: Please forward it here so its all in one place.
2021/09/15, 10:17 - Wade: SEND ME YOUR EMAIL ADDRESS
2021/09/15, 10:32 - Simba: xxxxx@xxxx.co.za
2021/09/15, 10:38 - Wade: Sent
2021/09/15, 10:39 - Simba: Thank you
 

@DonatelloOnPinarello, your Longest Post KOM has been taken by this abomination of a WhatsApp conversation. Please give us another essay to remedy the situation.

Edited September 16, 2021 by Trashy
tag

[ACE Cycles]

7 minutes ago, Matt said:

 

 

Just to clarify here, we recently introduced a cap on the fee at R950: https://bikehub.co.za/classifieds/bike-hub-pay

So on a R50k deal it works out to 1.9%
On a R125k deal it would be 0.76%

Wow, that's a very attractive solution. Definitely changes my views on using this service 

[Sid the Sloth]

5 minutes ago, Trashy said:

@DonatelloOnPinarello, your Longest Post KOM has been taken by this abomination of a WhatsApp conversation. Please give us another essay to remedy the situation.

YEEES, some suggestions include references to Simba's participation in the Epic thread, as well as Freesoul's Sworks debacle as a bonus paragraph or five. I look forward to seeing your work @DonatelloOnPinarello