Scams on Localbitcoins - page 3. | Bitcointalksearch.org

theskillzdatklls

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MintDice.com | TG: t.me/MintDice

Quote from: beaknuke on April 13, 2014, 04:44:55 AM

well i tried to reverse payments (long story not related to this) but hit a brick wall. Also I seen business in UK suffer because of a digit error with online banking and sent another company thousands instead of hundreds but the bank refused to help except offer a larger over draft.

I imagine that the general populous fails at this. I have friends that have tried to do legitimate reverses as well with no success. But these guys are pro scammers that understand the system or even possibly have crooked internal connections. When I was dealing with BOA I felt there was a decent chance someone was crooked inside because they weren't willing to even work with me.

So knowing that you are competing against professional thieves you always have to be extra vigilant beyond what you even know is possible imo.

beaknuke

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well i tried to reverse payments (long story not related to this) but hit a brick wall. Also I seen business in UK suffer because of a digit error with online banking and sent another company thousands instead of hundreds but the bank refused to help except offer a larger over draft.

theskillzdatklls

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MintDice.com | TG: t.me/MintDice

Quote from: TwinWinNerD on April 08, 2014, 04:51:24 PM

Quote from: beaknuke on April 08, 2014, 02:49:02 PM

We talking about America here mostly? In the UK a direct banktransfer cannot be reversed

This is also not true. While it is highly unlikely, a bank can always reverse a payment if something fishy was happening. It is centralised afterall...

This is true, be careful beak. It drives me insane when scammers win, much more so than when victims lose.

TwinWinNerD

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Quote from: beaknuke on April 08, 2014, 02:49:02 PM

We talking about America here mostly? In the UK a direct banktransfer cannot be reversed

This is also not true. While it is highly unlikely, a bank can always reverse a payment if something fishy was happening. It is centralised afterall...

beaknuke

sr. member

Activity: 412

Merit: 250

We talking about America here mostly? In the UK a direct banktransfer cannot be reversed

theskillzdatklls

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Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

I got scammed on LBC a couple months ago, first successful scam pulled off against me in my life... I was sent a $1k BOA transfer, money is in my account, I released BTC and their BOA transfer was reversed back to them - and I have done literally 100s of these before without this ever happening (I and others thought this to be impossible.)

So be careful. Always know what you are dealing with online.

TwinWinNerD

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Quote from: BitCoinDream on April 01, 2014, 01:48:20 PM

Quote from: jetspot on April 01, 2014, 01:21:12 PM

Quote from: bookbuster on March 30, 2014, 12:00:55 PM

I received a bank deposit straight into my bank account, and it was fine.

but someone on Reddit had his Bank of America deposit reversed AFTER it showed up in his online banking

Posted From bitcointalk.org Android App

That might have more to do with Bank of America than anything else. What someone else said is very true, cash in your hand is cash in your hand. Accept no substitutes.

How come an online transfer get reversed ?

It went like this:

A guy bought BTC with depositing money in a branch into a BOA account. After he got the BTC he just went back to the branch and said he maid a mistake and they reversed the transfer and paid him back his cash. The sick thing was, they didn't even request a drivers license or anything...

BitCoinDream

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The revolution will be digital

Quote from: jetspot on April 01, 2014, 01:21:12 PM

Quote from: bookbuster on March 30, 2014, 12:00:55 PM

I received a bank deposit straight into my bank account, and it was fine.

but someone on Reddit had his Bank of America deposit reversed AFTER it showed up in his online banking

Posted From bitcointalk.org Android App

That might have more to do with Bank of America than anything else. What someone else said is very true, cash in your hand is cash in your hand. Accept no substitutes.

How come an online transfer get reversed ?

jetspot

newbie

Activity: 25

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Quote from: bookbuster on March 30, 2014, 12:00:55 PM

I received a bank deposit straight into my bank account, and it was fine.

but someone on Reddit had his Bank of America deposit reversed AFTER it showed up in his online banking

Posted From bitcointalk.org Android App

That might have more to do with Bank of America than anything else. What someone else said is very true, cash in your hand is cash in your hand. Accept no substitutes.

mr smith

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Activity: 182

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For small amounts i use localBTC never had a problem. For larger amounts use an exchange. Much more agg and takes longer but worth it

TwinWinNerD

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Quote from: sayulita on March 28, 2014, 03:48:58 PM

Quote from: jdany on March 21, 2014, 05:40:40 PM

LocalBitcoins
In person selling is great.
Online selling is awful. I get hammered all day with scam attempts.
I haven't figured out the rules with Western Union.
Can a transaction be reversed once it says "on location"
I've been waiting until I have cash in hand to release coins. But, do I have to do this?
Daily trips are annoying - and I'd like to go once a week and get all the payments.
But, I don't want legitimate buyers to wait.

Any other sellers have some insight?

The sender can always pull the payment back as long as you have yet to pick it up.

You do not have "guaranteed cash in hand" until...."you have cash in hand".

Do not release the bitcoin until you picked up the cash.

And even cash-in-hand is not 100% failsafe. A german community member was robbed and another one got fake bills. Now he has to carry around blacklights to check every single bill. Quite the hassle.

I would always prefer exchanges and then cashing out really fast.

bookbuster

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I received a bank deposit straight into my bank account, and it was fine.

but someone on Reddit had his Bank of America deposit reversed AFTER it showed up in his online banking

Posted From bitcointalk.org Android App

sayulita

hero member

Activity: 881

Merit: 500

CyberTrade

Quote from: jdany on March 21, 2014, 05:40:40 PM

LocalBitcoins
In person selling is great.
Online selling is awful. I get hammered all day with scam attempts.
I haven't figured out the rules with Western Union.
Can a transaction be reversed once it says "on location"
I've been waiting until I have cash in hand to release coins. But, do I have to do this?
Daily trips are annoying - and I'd like to go once a week and get all the payments.
But, I don't want legitimate buyers to wait.

Any other sellers have some insight?

The sender can always pull the payment back as long as you have yet to pick it up.

You do not have "guaranteed cash in hand" until...."you have cash in hand".

Do not release the bitcoin until you picked up the cash.

BenAnh

hero member

Activity: 518

Merit: 500

It's the kind of risks that you have to take and this is why I'm working on a trusted P2P exchange so that the mass can enjoy it instead of worrying about frauds.

jdany

hero member

Activity: 644

Merit: 500

Inspired

LocalBitcoins
In person selling is great.
Online selling is awful. I get hammered all day with scam attempts.
I haven't figured out the rules with Western Union.
Can a transaction be reversed once it says "on location"
I've been waiting until I have cash in hand to release coins. But, do I have to do this?
Daily trips are annoying - and I'd like to go once a week and get all the payments.
But, I don't want legitimate buyers to wait.

Any other sellers have some insight?

Topic: Scams on Localbitcoins - page 3. (Read 6264 times)