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Money for sale on eBay - is it a scam?

ArchieBee
ArchieBee Posts: 1 Newbie
I found someone listing £10 for sale on eBay. They say they'll send £10 via PayPal to the winner, or deduct the amount of the winning bid and just send the difference, so that the buyer doesn't have to risk paying first. They have a 100% feedback rating.

It sounds too good to be true, but I can't see the flaw in it. Currently the high bid for the £10 is just £1.20. Anyone heard of this before? is it a scam?
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Comments

  • suited-aces
    suited-aces Posts: 1,938 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Given the fishiness, I would never say "it's not a scam", but what comes to mind is somebody may have read those "funny stories" about random things going for a large amount, thought they would try to emulate that?
    I'm not bad at golf, I just get better value for money when I take more shots!
  • arriva
    arriva Posts: 407 Forumite
    recycling...
    *_*_* Department of Redundancy Department *_*_*
  • ArchieBee wrote: »
    I found someone listing £10 for sale on eBay. They say they'll send £10 via PayPal to the winner, or deduct the amount of the winning bid and just send the difference, so that the buyer doesn't have to risk paying first. They have a 100% feedback rating.

    It sounds too good to be true, but I can't see the flaw in it. Currently the high bid for the £10 is just £1.20. Anyone heard of this before? is it a scam?

    is there a link? sounds a bit dodgey :S
  • iieee
    iieee Posts: 1,194 Forumite
    Maybe they are using it as advertising for their other items?
    :www: :: MFi3 ::
    Original mortgage free date ~ January 2030 :sad:
    Current mortgage free date ~ July 2028
    :tongue:
  • emerald_starcat
    emerald_starcat Posts: 2,112 Forumite
    Dirty laundry springs to mind.
    My daughters are my world
  • hermum
    hermum Posts: 7,123 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Maybe listed by OP, as their first post here?
  • Enfieldian
    Enfieldian Posts: 2,893 Forumite
    Part of the Furniture Combo Breaker
    Dirty laundry springs to mind.

    Do you mean Money Laundering? If so, it is unlikely for £10 at a time.....
  • preable
    preable Posts: 2,114 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    i would avoid it if somtings to to good and all that
  • the182guy
    the182guy Posts: 1,018 Forumite
    Part of the Furniture Combo Breaker
    Sounds like money laundering or a complete scam. First get the buyer interested with a convincer ie the £10. Give them £10 for £1.20 or whatever, then after completed send them a better "offer" for a large amount to launder or just simply con out of the buyer.
  • Well I tracked the item down on ebay because I reckoned it was probably someone hoping to get bids way in excess of £10 and I thought I might make myself an easy fiver because I didn't think anyone would bid much more than that for it. The thing that put me off was the fact that they have detailed seller ratings of 5 stars for all categories despite only having 69 feedback and most people seem to have only 4.8 or 4.9 so I might just give it a miss. On the other hand, a fiver is a fiver - oooh which way should I go George, which way should I go?
    "I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant." :huh:
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