Potential Scam?

[thewadeyo]

Has anyone ever dealt with this scenario ? 
 

bike hub person is from Mozambique 

2 years on the hub, no items sold, 1 review 

Different person paying through fnb

Different person receiving the goods. 

money has 1000% cleared and reflected in my account ? Chatted to FNB there’s no real way they can reverse it, the only issue could be is if the person who paid me is using a stolen or “hacked” account. The correct owner could file fraud, but then it’s a long process to go through ? 

[OVERDRIVE]

Not sure holding ontot he goods after you've been paid is also the right way. You advertised, they've paid, send. I always try to send within the hour of money clearing. 

[thewadeyo]

I agree. I’ve sent off the parcel already, but it’s got me thinking.  I’m just checking to see first if anyone has experienced anything like this. 
If the amount paid was from a stolen account, the original person could report as fraud ? Then it could get reversed and then I’m without my item?

[OVERDRIVE]

42 minutes ago, thewadeyo said:

I agree. I’ve sent off the parcel already, but it’s got me thinking.  I’m just checking to see first if anyone has experienced anything like this. 
If the amount paid was from a stolen account, the original person could report as fraud ? Then it could get reversed and then I’m without my item?

Not a banker, but unsure banks can reverse payments without letting you know first that there is/was an issue? Actually havent encountered that before. 

[love2fly]

I'm dealing with an issue through Capitec where I paid for something on my card. They can try to reverse it 30 days after via (Visa I think). Not sure about your curcumstances

[Mamil]

Also not a banker but I can't imagine that an EFT can be reversed. If someone has bypassed the security that protects an account for an EFT, that is - password / biometric authentication, OTP then there is a leak on the account holder's side of things and I would imagine that the banks would point that out and decline reversal.

A credit card payment might be different though because that payment process, is a lot less secure possibly?

 

[thewadeyo]

Thanks everyone. It’s sorted. Been on the phone to FNB most of the afternoon and it is very very hard for reversal of eft even if the account was logged into illegally. 
appreciate the response 

[Mook]

3 hours ago, Mamil said:

Also not a banker but I can't imagine that an EFT can be reversed. If someone has bypassed the security that protects an account for an EFT, that is - password / biometric authentication, OTP then there is a leak on the account holder's side of things and I would imagine that the banks would point that out and decline reversal.

A credit card payment might be different though because that payment process, is a lot less secure possibly?

 

I had an issue 2 months ago where a weasal advertised "free quotes", then charged my 4 hours labour to prepare a quote that should typically have taken 30 minutes. Then he threatens to hold back my property if I do not pay for the quote.

I did an EFT for the amount in order to recover my stuff. I then approached my bank(the 4 letter one) to reverse the transaction, backed by an affidavit etc. They refused, stating that it was a civil matter between two individuals. They advised me to use the legal route to recover my money - after 40 years of being a loyal customer.

Unless you have friends in special places, the banks are reluctant to get involved in these matters. They'd much rather just take your hard earned money for monthly banking fees and interest.

[RobertWhitehead]

I don't really get what the problem is, item was advertised, the OP sold it and got his / her funds and the parcel was sent off to the recipient. Sounds like a normal transaction to me

[Robbie Stewart]

1 hour ago, RobertWhitehead said:

I don't really get what the problem is, item was advertised, the OP sold it and got his / her funds and the parcel was sent off to the recipient. Sounds like a normal transaction to me

This is such a non issue I almost regret even commenting, but here goes. To go through such elaborate means of responding to an advertisement, paying asking price via EFT and then after it has cleared receiving the goods from the seller, only THEN to employ the scam by trying to convince the bank that the transaction was fraudulent sounds so ludicrous and far fetched that it's probably easier to play the lotto everyday hoping for a win. 

Regtig mense. Critical thinking is a thing. Try it.

[thewadeyo]

It would be a fraudulent transaction if the funds used were from a stolen or compromised account, especially if it was from a credit card account. The original owner could then issue a fraudulent transaction which would cause an investigation which could lead to reversal of funds all the while my item has been shipped off. It is a common scam stated by FNB. Not an easy scam, but scam never the less. So Critical thinking ? It’s quite the opposite if you think these guys won’t do anything and everything to scam you. 

[guidodg]

what amount are we talking about?

[Mongoose!]

In short : just use Bikehub pay if in doubt. Not sure why a payment from a foreigner was accepted if you were in doubt from the start?

Happy Friday all🙃