Long distance purchase
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Senior User
Joined: Mar 2010
Posts: 120
Likes: 0
From: Sale Creek, TN
Long distance purchase
Has anyone bought a truck by using MSN Money Central then the truck is shipped to you for your inspection and if all is as it should be the funds are released to the seller? If so did it work okay or are there pitfalls to be aware of. I'm nervious about this type of transaction but probably not as nervious as buying an '08 250. Yikes!
Thread Starter
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Senior User
Joined: Mar 2010
Posts: 120
Likes: 0
From: Sale Creek, TN
Thanks for the welcome. So far this transaction is working well and I'm at piece with the financial transaction via msn money. The program seems to favor the buyer but provides the seller with the funds in an escrow account. I'll let y'all know if it all goes down the tubes.
Lead Driver
Joined: Jul 2003
Posts: 7,406
Likes: 52
From: Wheatland, Mo
Subscribing as well.
Usually the "Send the money and I'll ship the truck" are scams. Even with escrow accounts. Personally I wouldn't of done squat. Maybe there is an FTE member in the sellers area that can go check the truck out for you. Better than hoping you get what they say they are sending. And it doesn't take alot to be listed as a "Favored seller" on MSN.
Usually the "Send the money and I'll ship the truck" are scams. Even with escrow accounts. Personally I wouldn't of done squat. Maybe there is an FTE member in the sellers area that can go check the truck out for you. Better than hoping you get what they say they are sending. And it doesn't take alot to be listed as a "Favored seller" on MSN.
Hotshot
Joined: Oct 2003
Posts: 13,011
Likes: 742
From: Here in No. Calif
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Thread Starter
|
Senior User
Joined: Mar 2010
Posts: 120
Likes: 0
From: Sale Creek, TN
Subscribing as well.
Usually the "Send the money and I'll ship the truck" are scams. Even with escrow accounts. Personally I wouldn't of done squat. Maybe there is an FTE member in the sellers area that can go check the truck out for you. Better than hoping you get what they say they are sending. And it doesn't take alot to be listed as a "Favored seller" on MSN.
Usually the "Send the money and I'll ship the truck" are scams. Even with escrow accounts. Personally I wouldn't of done squat. Maybe there is an FTE member in the sellers area that can go check the truck out for you. Better than hoping you get what they say they are sending. And it doesn't take alot to be listed as a "Favored seller" on MSN.
How to complete a secure transaction through MSN Money?
<DL class=l1><DT style="LINE-HEIGHT: 1.8em">1. Buyer and Seller Agree to Terms <HR align=left color=#6a8ca4 width="85%"><DD>Both parties agree to terms of the transaction, which includes a description of the merchandise, sale price, and any shipping information. Both parties have to be registered MSN, Hotmail or Live users. A FREE MSN account can be obtained here.
<DT style="LINE-HEIGHT: 1.8em">2. Buyer Pays MSN Money <HR align=left color=#6a8ca4 width="85%"><DD>The Buyer submits the payment to MSN Money. MSN Money verifies the payment. Processing time varies by location of the buyer.
<DT style="LINE-HEIGHT: 1.8em">3. Seller Ships Merchandise <HR align=left color=#6a8ca4 width="85%"><DD>Upon payment verification, the Seller is authorized to ship merchandise and submit tracking information. MSN MoneyCentral verifies that the Buyer receives the shipment.
<DT style="LINE-HEIGHT: 1.8em">4. Buyer Accepts the Merchandise <HR align=left color=#6a8ca4 width="85%"><DD>The Buyer has 7 days for an inspection and the option to accept or reject the merchandise. For more information, read our General Terms and Conditions Page.
<DT style="LINE-HEIGHT: 1.8em">5. MSN Money Pays the Seller <HR align=left color=#6a8ca4 width="85%"><DD>
MSN Money pays the Seller by the method selected by the Seller. The transaction is complete.
What are the benefits?MSN Money acts as a secure third party to protect the Buyer and Seller.
How Buyers are protected:MSN Money tracks the shipped merchandise and verifies it was delivered.
The Seller isn't paid until the Buyer accepts the merchandise, or the inspection period expires.
How Sellers are protected:MSN Money confirms when the Buyer receives merchandise.
The Seller is authorized to ship only after MSN Money verifies good funds
</DD></DL>
Let me know what you think.
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Posting Guru
Joined: Jul 2003
Posts: 1,273
Likes: 3
I definately would not do it. Its too easy to get burned. I went to msn , and did a search for msn money central and it could not find it on its own search engine. Without ebay to back you up, just travel there in person. There is no other way. ABSOLUTELY A SCAM 100 %!!!!!!!!!.
Lead Driver
Joined: Jul 2003
Posts: 7,406
Likes: 52
From: Wheatland, Mo
I don't see where it says 7 days from what.... When the payment is verified, from the date of shipping or from date of receiving. I don't know. I would pass unless someone on here can verify it is legit. Honestly, it sounds fishy to me. Do you have a link to the ad? And what if you find something wrong with it? Who pays return shipping?
Posting Guru
Joined: Jul 2003
Posts: 1,273
Likes: 3
MSN HAS NO ESCROW SERVICE
MSN HAS NO ESCROW SERVICE, only articles about fake escrow services. Without your link the search engine can not find your service. A TOTAL FRAUD
Fake escrow site scam widens - Online Auctions- msnbc.com
Fake escrow site scam widens - Online Auctions- msnbc.com
Postmaster
Joined: Jul 2008
Posts: 3,572
Likes: 0
From: Macedon, NY
Tell the seller that you are going to be in the area, and would like to see the vehicle while you are in town. I suspect that there will suddenly be some reason that the seller can not (will not) show it to you.
Be very careful,
-JR
Be very careful,
-JR
Lead Driver
Joined: Jul 2003
Posts: 7,406
Likes: 52
From: Wheatland, Mo
MSN HAS NO ESCROW SERVICE, only articles about fake escrow services. Without your link the search engine can not find your service. A TOTAL FRAUD
Fake escrow site scam widens - Online Auctions- msnbc.com
Fake escrow site scam widens - Online Auctions- msnbc.com
If you ever find a vehicle that is in another location too far for you to go check it out personally, just get on here and see if anyone from the sellers area will go check it out for you. We watch out for each other here. Alot of us have already done this for quite a few members.
Posting Guru
Joined: Aug 2007
Posts: 1,714
Likes: 1
From: Canton, IL
I checked out a truck one time that was advertised only 2 hours from me. I emailed the person to set up a time. They replied that the truck was in Atlanta, and that I would have to travel there to see it. At that point, I knew it was a scam.