I suspect he will use Localbitcoins as escrow.
Be careful, everyone. There is an open accusation here:
https://bitcointalksearch.org/topic/trying-to-scam-with-escrow-username-mikey345-all-proofs-uploaded-2060969
His email address was changed recently.
Topic: Western Union / International Wire Transfer Needed (Read 491 times)
oh i see , thankyou for letting me know about it tj , but i needed some cash how can i sale my btc to get cash directly
I buy your bitcoins 412$ @spot price from preev.com if you agree arrange an escrow in order to complete this trade. You will have to cover Western Union fees while I have no problems covering escrow feeses. Any question hit me up.
oh i see , thankyou for letting me know about it tj , but i needed some cash how can i sale my btc to get cash directly
Will you be giving access to your bank to the escrow provider too ?
This is very good question. And it opens another can of worms.
Even if you give read-only access to your bank account, how escrow agent will be sure that the sender of the fiat funds will not issue chargeback?
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I just got an international wire reversed!
I didn't even know that's possible.
I got the wire, released the bitcoins, several days later my bank got request for the wire to be returned! My account could have been suspended too.
I didn't even know that's possible!
Is there a way to avoid that in future?
The nick of the buyer was Prncssdd2003, but I'm sure he will be using different one in future. So, be careful.
But more important is to understand how that is possible and how to prevent it.
I didn't even know that's possible.
I got the wire, released the bitcoins, several days later my bank got request for the wire to be returned! My account could have been suspended too.
I didn't even know that's possible!
Is there a way to avoid that in future?
The nick of the buyer was Prncssdd2003, but I'm sure he will be using different one in future. So, be careful.
But more important is to understand how that is possible and how to prevent it.
Quote
This is pretty usual on Bitcoin sales.
SEPA transfers can be reversed by several reasons the most usual one is by fraud.
A phises B and get control of B account, then start a buy and pay with B account, B detect the fraud and complaint's to B's bank, then B's Bank order the reversal to your bank.
Then it is up to your bank (and it's international treats) to reverse or not but usually you can do nothing about that.
SEPA transfers can be reversed by several reasons the most usual one is by fraud.
A phises B and get control of B account, then start a buy and pay with B account, B detect the fraud and complaint's to B's bank, then B's Bank order the reversal to your bank.
Then it is up to your bank (and it's international treats) to reverse or not but usually you can do nothing about that.
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For International cross border payments (SWIFT) there are 2 options and is dependent on timing.
- MT192, request for cancellation can be sent after the initial payment request (MT103) but can only be done if the payment hasn't been enacted upon (debit on your account).
- MT195, query request (recall) this will normally require a debit authority from the recipient to agree to funds being returned.
- MT192, request for cancellation can be sent after the initial payment request (MT103) but can only be done if the payment hasn't been enacted upon (debit on your account).
- MT195, query request (recall) this will normally require a debit authority from the recipient to agree to funds being returned.
The escrow agent cannot guarantee that the sender of the wire transfer is genuine (the wire transfer might be initiated by cracker, not by the real bank account holder).
This is why permissionless financial technologies like Bitcoin are superior compared to the legacy financial system (SWIFT, 'licensed' exchanges et al).
What amount of BTC do you sell?
it is clearly stated in his thread. $412
did he want to receive 412 $?
did he want to exchange equivalent of 412 $ in BTC, and if so at what exchange rate?
What amount of BTC do you sell?
it is clearly stated in his thread. $412
Considering the International Wire Transfer Charge or the fees for Western Union, it won't be a good idea to use them for such a small amount.
It is better you use some local exchangers. Another thing which raises suspicion is, even if you use escrow, how will the escrow agent verify you really received the amount in your bank or not ? Will you be giving access to your bank to the escrow provider too ?
It is better you use some local exchangers. Another thing which raises suspicion is, even if you use escrow, how will the escrow agent verify you really received the amount in your bank or not ? Will you be giving access to your bank to the escrow provider too ?
escrow access to my bank ? -_- are you kidding me?
Considering the International Wire Transfer Charge or the fees for Western Union, it won't be a good idea to use them for such a small amount.
It is better you use some local exchangers. Another thing which raises suspicion is, even if you use escrow, how will the escrow agent verify you really received the amount in your bank or not ? Will you be giving access to your bank to the escrow provider too ?
It is better you use some local exchangers. Another thing which raises suspicion is, even if you use escrow, how will the escrow agent verify you really received the amount in your bank or not ? Will you be giving access to your bank to the escrow provider too ?
My bank charges me $50 for every wire transfer.
Does not make sense for such small amount.
If you have bank account with the same bank the fee is 0, so I can make small payments.
Does not make sense for such small amount.
If you have bank account with the same bank the fee is 0, so I can make small payments.
What amount of BTC do you sell?
NEED WESTERN UNION or International Wire transfer CASH (ANY CURRENCY)
IN EXCHANGE FOR 412$ BTC
INBOX ME YOUR CONTACT INFO
ALSO MAKE SURE
I WILL USE ESCROW
ONLY
IN EXCHANGE FOR 412$ BTC
INBOX ME YOUR CONTACT INFO
ALSO MAKE SURE
I WILL USE ESCROW
ONLY
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