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17 January 2009, 04:19 AM
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#1 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Shaun
Location: Devonshire
Watch: SubND/D/LV
Posts: 651
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The Rolex watches I lost...
These two watches I sold to someone in Philippines. He paid funds into my paypal account
 I withdrew cleared funds 3 months later I get a chargeback this is when funds issuer takes back moneys from my paypal I am liable for repaying my overdrawn paypal account otherwise the debt will be recovered by collection agency I lost two lovely watches and £2.5K One is a 1980 ref1500 oyster date, the other a 1990's Datejust. I have reported them stolen to rolex L&S register...
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18 January 2009, 03:09 PM
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#2 |
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Member
Join Date: Dec 2008
Location: SF Bay Area-CA
Posts: 32
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How can someone do a chargeback on Paypal without getting your side of the story?
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19 January 2009, 03:30 AM
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#3 |
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"TRF" Member
Join Date: Nov 2008
Location: South Carolina
Posts: 1,937
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That is Bull$%#t! How can that happen?
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19 January 2009, 03:46 AM
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#4 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Shaun
Location: Devonshire
Watch: SubND/D/LV
Posts: 651
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Well, paypal did their investigations (apparently) and because I sold the watches to a non-verified paypal member I was not protected under the paypal rules...All in the small print somewhere...! Perhaps one day sometime one of these watches will go in for a Rolex service and will be seized!!
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19 January 2009, 04:40 AM
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#5 |
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"TRF" Member
Join Date: Jul 2008
Location: USA
Watch: Submariner Date
Posts: 822
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This is why you should NEVER, EVER use PayPal. PayPal is only good for two things: eBay and screwing you over. I've heard stories like this before and even stories where PayPal just randomly takes money out of people's accounts. One of my friends lost several hundred dollars because the money in her account was not money she earned from eBay.
I'm sorry to hear your story. Hopefully the thief is caught.
__________________
 "M" 16610 Submariner "M" 16570w Explorer II |
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19 January 2009, 06:07 AM
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#6 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Mike
Location: South Carolina
Watch: 3.3M 1655 Mk I
Posts: 2,384
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Guys, it happens every day.
 In fact, just for kicks, advertise one of your Rolexes on Craigslist, the end all, be all of scammer world. It will amaze you at how many full price offers you will get out of Europe, and how many excuses you will get for them using PayPal only. And they always want the watch shipped to a "friend, girlfriend", or some other such s@#$. Don't fall for it - and I am sorry it happened to you, Shaun. I hope you get what's yours (the watches), and they get what's theirs (an up close and personal introduction to some real pain)
__________________
"A little sleep, a little slumber, a little folding of the hands to rest, and poverty will come upon you like a bandit, and scarcity like an armed man." Proverbs 24 "It is better to remain silent and be thought a fool, than open your mouth and remove all doubt." Unknown "Better to be a nobody and yet have a servant than pretend to be somebody and have no food." Proverbs 12 Last edited by swissautopro; 19 January 2009 at 06:09 AM.. Reason: spelling |
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20 January 2009, 02:14 AM
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#7 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Shaun
Location: Devonshire
Watch: SubND/D/LV
Posts: 651
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Hey thanks guys
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20 January 2009, 01:36 PM
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#8 |
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"TRF" Member
Join Date: Sep 2008
Real Name: Chris
Location: MD
Watch: Rolex & PAM
Posts: 204
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Sorry to hear this but thanks for sharing your story. It is scary to hear that a non-verified paypal user can screw you. I've used paypal many times before for purchasing & selling and had plans to sell my Navi World via paypal. I will make sure the buyer is a verified paypal member first before using paypal.
__________________
218238 Day Date II, 11661OV Hulk, 116520 SS WD Daytona, 116660 DSSD, TT Datejust, PAM 233, 232, 505, Breitling Montbrillant Olympus, Bentley GT wife's: 178384 SS Datejust WMOP/Diamond dial, 179171 TT RG Datejust, PAM 49 |
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20 January 2009, 03:10 PM
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#9 |
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"TRF" Member
Join Date: Mar 2008
Real Name: Tim
Location: Calgary
Posts: 1,117
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Wow, that's BS! Sorry to hear man
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Daytona 116520 |
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21 January 2009, 05:26 AM
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#10 |
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"TRF" Member
Join Date: Feb 2008
Location: Rocky Mts. USA
Posts: 89
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I was a regular seller on Ebay since 1999. I did not sell watches, but other collectibles. I never took PayPal payments, always checks, money orders, etc. When Ebay went to mandatory PayPal, I decided it was time to stop selling. Go to Ebay Seller Central and you'll have your eyes opened.
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21 January 2009, 05:38 AM
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#11 |
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"TRF" Member
Join Date: Apr 2008
Real Name: ChrisTOPHer
Location: Sydney
Watch: Rolex, Brellum,
Posts: 12,601
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__________________
 "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795 |
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21 January 2009, 06:03 AM
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#12 |
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"TRF" Member
Join Date: Nov 2008
Real Name: Yannis
Location: Europe
Watch: maniac
Posts: 9,070
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Sorry to hear your story Shaun! Just try forget about it, shit happens mate but life goes on.
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21 January 2009, 09:14 AM
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#13 | |
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"TRF" Member
Join Date: Dec 2008
Real Name: Mike
Location: South Carolina
Watch: 3.3M 1655 Mk I
Posts: 2,384
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Quote:
__________________
"A little sleep, a little slumber, a little folding of the hands to rest, and poverty will come upon you like a bandit, and scarcity like an armed man." Proverbs 24 "It is better to remain silent and be thought a fool, than open your mouth and remove all doubt." Unknown "Better to be a nobody and yet have a servant than pretend to be somebody and have no food." Proverbs 12 |
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23 January 2009, 07:34 AM
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#14 |
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Member
Join Date: Jan 2009
Location: Houston
Posts: 22
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so what medium do yall recommend for selling/buying?
im a paypal verified and whenever i had problems, paypal always fixed them. |
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23 January 2009, 09:42 AM
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#15 |
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"TRF" Member
Join Date: Nov 2008
Real Name: mike
Location: savannah
Watch: yachtmaster
Posts: 367
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wire transfer
__________________
18k Yachtmaster 18k/SS Yachtmaster MOP Platinum/SS Yachtmaster SS Yachtmaster II SS GMT2C |
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23 January 2009, 11:21 AM
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#16 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Mario
Location: CANADA
Posts: 2,483
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That is unfortunate. With a "Pal" like that, who needs an enemy???
__________________
♛ DJII 116234 · Submariner 126610LV · Yacht Master 42 226659 ✿ Pelagos 25600TN Ω X-33 Speedmaster Skywalker · 1861 Speedmaster Modsukoshi · SMP 2254.50 · SMP 2230.50 NAC · Seamaster 300 166.0324 · Genève 162.037 Seiko SLA033 Willard · SKX007 |
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23 January 2009, 12:15 PM
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#17 |
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"TRF" Member
Join Date: Jan 2007
Real Name: Dick
Location: USA
Watch: SubND,DD,SSDaytona
Posts: 2,257
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Unbelievable. I cannot fathom how Paypal is allowed to do this, especially three months later. I naively, but honestly, thought that Paypal was a service that would protect the seller from fraud.
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“The only reason for time ....................... is so that everything doesn't happen at once." Albert Einstein |
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24 January 2009, 03:39 AM
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#18 |
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Member
Join Date: Jan 2009
Location: Houston
Posts: 22
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wire transfer in the buyer side seems unsafe IMO.
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24 January 2009, 11:08 AM
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#19 |
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"TRF" Member
Join Date: Dec 2008
Real Name: Petter
Location: Oslo
Watch: me now!
Posts: 503
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This is an eye-opener. Jeez, I thought PayPal was a secure way of money transfer. I can't believe they could just take money from your account like that. Motherf....., excuse my french. I'm really sorry for your loss, man.
__________________
Rolex: SS Sub 5513, Pepsi GMT 1675 Tudor: 79170 "Big Block", 79260p, 7021/0 Snowflake, 79190 Sub Heuer Carrera, Omega Speedmaster |
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24 January 2009, 11:18 AM
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#20 |
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Banned
Join Date: Dec 2008
Real Name: Henry
Location: CA, US
Watch: ing basketball
Posts: 2,977
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Sorry for your lost and Paypal screwed you!
They did it to me too! I can't stress enough...don't use Paypal. Please do a wire transfer, it is the only way. 3 months later and they did this is really fishy. Paypal didn't want to feel left out and wanted on the transaction. You got your money, buyer got watches and Paypal figure they do this and get it to collection. They will sell off your debt and get their money. Imagine if they did this to a thousands of thousands of people, it would be another source of income for them. Good luck and I would contact Paypal......... |
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25 January 2009, 08:03 PM
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#21 |
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Member
Join Date: Dec 2008
Location: In Bed
Posts: 69
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What in the name of all things Holy is going on????
How can this be justified???? As far as i am concerened Paypal have lost me as a user from this one story and i would hope that you guy's do the same. I have never felt comfortable using them, it has always been a last resort to use them. Can't put my finger on why i feel like this, i just do. Tri-Nation-Man, i hope that Lady Luck is shining down on you and you get the watches back. As for the Dckiless piece of Stih that did this, you WILL get yours!!!!  
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27 January 2009, 04:05 AM
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#22 |
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"TRF" Member
Join Date: Jan 2009
Location: UK
Watch: RLX
Posts: 437
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Very sorry to hear about your loss Shaun.
Thank you for posting your story. No doubt it will shock a few people, starting with myself, and serve as a reason for re-considering using PayPal services - at least for the non-eBay transactions. |
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27 January 2009, 11:08 AM
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#23 |
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"TRF" Member
Join Date: Sep 2007
Location: Texas
Posts: 191
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some Paypal experiences in the last 2-3 years...
1) I paid $800 for an Ohlins rear shock for a motorcycle. I received an Ohlins STICKER in the mail... the seller did this to about 5-7 people. PAypal sided with the seller, because he had proof he sent "something". 2) Paypal security informed me my "Tommy Gun" helmet I sold on eBay was considered a prohibited item (because guns aka Tommy Guns are illegal to sell via paypal) and they were going to terminate my account of 10+ years. 3) Countless chargebacks from sellers, ranging from $150 - $1500..... there is NO security, and NO protection at all.. you are at the mercy of the other person you are doing the transaction with.. but, sometimes you gotta break a few eggs..
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V GMTII Ceramic Z SS Submariner Date M SS Daytona Black dial M Platinum Yachtmaster |
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27 January 2009, 02:42 PM
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#24 |
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Banned
Join Date: Oct 2008
Location: Land of the Lost
Watch: 116610LN
Posts: 2,201
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From now on I accept only gold buillion!
Darn, you just can't trust anyone these days. |
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27 January 2009, 03:04 PM
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#25 |
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2024 Pledge Member
Join Date: Sep 2008
Real Name: Richard
Location: USA
Watch: YM Deep Space
Posts: 12,521
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Guys,
I all fairness and balance, I have used PayPal for over 10 years without one glitch. I have heard and do believe the horror stories I have read over the years and have read paypalsucks.com beginning several years ago. It is disturbing. I said that to say this. PayPal is not a bank and therefore you have no Federal recourse as you would with a bank. This is a given. But, as with all transactions, you must buy the seller if you are a buyer and buy the buyer if you are a seller in each transaction. I have to wonder what percentage of these PP hardships could have been avoided with a measure of discretion and caution. No offense intended and I do empathize with anyone who has lost via PayPal. If you want a "safer" and more controllable alternative to PayPal there are many online credit card servicing companies that will hook you up with a "merchant account" allowing you to receive cc payments and are subject to Federal Banking laws. If PP doesn't work for you then try another way. They are out there and plentiful. I know this doesn't help you with any current dilemmas, but perhaps it has been helpful anyway. I am really sorry to hear this happened to you.
__________________
Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM |
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