DansDeals.com Forums

DansDeals Forum => Goods For Sale/Trade => Topic started by: lunatic on December 24, 2013, 10:59:56 PM

Title: Buying and selling on DDF
Post by: lunatic on December 24, 2013, 10:59:56 PM
So I have been in some buying/selling transactions recently and I had a couple of ideas that I wanted to bounce off of everyone.

1. It would be great to have some type of escrow system to hold funds during a transaction. We are all (hopefully) honest, but there are always a few dishonest guys out there so we all have a tough time figuring out if the buyer pays first or the seller sends the item first. In theory, it would be great to have a third party hold the funds during the transaction and not release until both parties agree, and get paid a small fee for his service. With Paypal or AP it could be done pretty easily. That said, the challenge would be - how can we trust the escrow agent? I would be interested in doing this service if we could figure out a way to make it work.

2. I know that the purpose of DDF is not to buy/sell items, but we all end up having miles/certificates/GC or other items that we want to sell. It would be great to have some kind of rating system, like ebay, so that we would know if the other person is honest or not
Title: Re: Buying and selling on DDF
Post by: Super Speed on December 24, 2013, 11:56:50 PM
So I have been in some buying/selling transactions recently and I had a couple of ideas that I wanted to bounce off of everyone.

1. It would be great to have some type of escrow system to hold funds during a transaction. We are all (hopefully) honest, but there are always a few dishonest guys out there so we all have a tough time figuring out if the buyer pays first or the seller sends the item first. In theory, it would be great to have a third party hold the funds during the transaction and not release until both parties agree, and get paid a small fee for his service. With Paypal or AP it could be done pretty easily. That said, the challenge would be - how can we trust the escrow agent? I would be interested in doing this service if we could figure out a way to make it work.

2. I know that the purpose of DDF is not to buy/sell items, but we all end up having miles/certificates/GC or other items that we want to sell. It would be great to have some kind of rating system, like ebay, so that we would know if the other person is honest or not
I like the idea just not sure about the logistics. Just a point, if a guy has a large number of posts that's usually enough for me to trust them.
Title: Re: Buying and selling on DDF
Post by: AI-TRAVEL on December 25, 2013, 12:28:45 AM
I like the idea just not sure about the logistics. Just a point, if a guy has a large number of posts that's usually enough for me to trust them.
+1
Title: Re: Buying and selling on DDF
Post by: AI-TRAVEL on December 25, 2013, 12:30:10 AM
To be perfectly honest I agree with the 3rd party idea. I had a ba mileage account stolen from me after I paid. All passwords etc got switched.
Title: Re: Buying and selling on DDF
Post by: notanonymous on December 25, 2013, 12:32:38 AM
To be perfectly honest I agree with the 3rd party idea. I had a ba mileage account stolen from me after I paid. All passwords etc got switched.
Here?
Title: Re: Buying and selling on DDF
Post by: yitzyul on December 25, 2013, 10:15:26 AM
+1
And year they joined. I also look at their posts to make sure not just a newbie posting "selling" stuff with 20 replies
Title: Re: Buying and selling on DDF
Post by: Yordai Dooma on December 25, 2013, 10:17:45 AM
I think an escrow would be a good idea
Title: Re: Buying and selling on DDF
Post by: sillypainter on December 25, 2013, 11:15:23 AM
I think an escrow would be a good idea

There are many escrow companies out there. GIYF.
Title: Re: Buying and selling on DDF
Post by: Yordai Dooma on December 25, 2013, 11:20:13 AM
There are many escrow companies out there. GIYF.
True...but it doesnt make sense to pay such fees for small transactions we do here like selling free hotel nights or club passes.
Title: Re: Buying and selling on DDF
Post by: sillypainter on December 25, 2013, 11:35:30 AM
True...but it doesn't make sense to pay such fees for small transactions we do here like selling free hotel nights or club passes.

If the transaction is small, then I don't think it's worth worrying. I would look on post counts, and be ok. Bigger transactions, I would use something.
Title: Re: Buying and selling on DDF
Post by: AI-TRAVEL on December 25, 2013, 12:42:40 PM
Here?
no but it was supposed to be reliable etc.
Title: Re: Buying and selling on DDF
Post by: lunatic on December 25, 2013, 10:11:57 PM
I like the idea just not sure about the logistics. Just a point, if a guy has a large number of posts that's usually enough for me to trust them.

Here is what I am thinking.
Assume that A is selling a GC to B. Both A and B would PM me with their email address, confirm the basic sale terms and agree what would trigger the money to be released. 

B would send me the funds plus a small fee via paypal or AP

Once the GC is transferred to B, both A and B would confirm that the money can be released and I would release it to A via paypal or AP.

I could get a few long time DDF members to vouch for me
Title: Re: Buying and selling on DDF
Post by: AI-TRAVEL on December 25, 2013, 11:09:29 PM
What stops me from opening a couple a ddf accounts and maintaining them. They all vouch for me. Then the $2500 transaction cones thru and I keep it. Just sayin...
Title: Re: Buying and selling on DDF
Post by: bubbles on December 25, 2013, 11:12:57 PM
What stops me from opening a couple a ddf accounts and maintaining them. They all vouch for me. Then the $2500 transaction cones thru and I keep it. Just sayin...

The OP wants to run this himself
Title: Re: Buying and selling on DDF
Post by: AI-TRAVEL on December 25, 2013, 11:34:01 PM
And what stops him? Nothing personnel of course
Title: Re: Buying and selling on DDF
Post by: popcorn1508 on December 25, 2013, 11:45:31 PM
And what's your fee gonna be that its worth it to use you
Title: Re: Buying and selling on DDF
Post by: WAM on December 25, 2013, 11:55:52 PM
Here is what I am thinking.
Assume that A is selling a GC to B. Both A and B would PM me with their email address, confirm the basic sale terms and agree what would trigger the money to be released. 

B would send me the funds plus a small fee via paypal or AP

Once the GC is transferred to B, both A and B would confirm that the money can be released and I would release it to A via paypal or AP.

I could get a few long time DDF members to vouch for me
B can claim he didn't get the GC and A will lose out.
Title: Re: Buying and selling on DDF
Post by: Saver2000 on December 26, 2013, 12:02:54 AM
@bz
Its great that you'd like to help everyone out by offering such a service.

It doesn't seem like you realize the potential headache that comes along with the job.

What if person b says the GC had $50 balance instead of $80?

Are you going to verify each GC/item being flipped?
Title: Re: Buying and selling on DDF
Post by: SamKey on December 26, 2013, 01:24:32 AM
What stops me from opening a couple a ddf accounts and maintaining them. They all vouch for me. Then the $2500 transaction cones thru and I keep it. Just sayin...
moderators see with every one of your posts your IP address and will ban you
Title: Re: Buying and selling on DDF
Post by: popcorn1508 on December 26, 2013, 02:30:43 AM
moderators see with every one of your posts your IP address and will ban you
i don't think ip is an issue these days for scammers
Title: Re: Buying and selling on DDF
Post by: rots5 on December 26, 2013, 02:59:46 AM
In theory it makes sense and would be great but I can't see this making sense bec it would be so time consuming.
Title: Re: Buying and selling on DDF
Post by: chucksterace on December 26, 2013, 04:28:21 AM
Hence why G-d invited CC... If I don't get what I paid for, then let that person go to Hell and I'll take it up with the credit card company. Simple Enough.
Title: Re: Buying and selling on DDF
Post by: PlatinumGuy on December 26, 2013, 05:11:33 AM
PayPal
Title: Re: Buying and selling on DDF
Post by: lunatic on December 26, 2013, 11:18:22 AM
And what stops him? Nothing personnel of course

Clearly, I would get others who are known on DDF to vouch me
Title: Re: Buying and selling on DDF
Post by: lunatic on December 26, 2013, 11:20:30 AM
@bz
Its great that you'd like to help everyone out by offering such a service.

It doesn't seem like you realize the potential headache that comes along with the job.

What if person b says the GC had $50 balance instead of $80?

Are you going to verify each GC/item being flipped?

You are no better off now... this would add one extra layer of protection.

Title: Re: Buying and selling on DDF
Post by: CountValentine on December 26, 2013, 04:08:55 PM
In 5+ years not one deal gone bad.
Title: Re: Buying and selling on DDF
Post by: Super Speed on December 26, 2013, 05:01:59 PM
moderators see with every one of your posts your IP address and will ban you
For 1K it may be worth it for some to get banned.

Title: Re: Buying and selling on DDF
Post by: Super Speed on December 26, 2013, 05:03:38 PM
In 5+ years not one deal gone bad.
Was gonna say that. Why the sudden need?

Title: Re: Buying and selling on DDF
Post by: SamKey on December 26, 2013, 06:15:56 PM
For 1K it may be worth it for some to get banned.
you totally missed the conversation
Title: Re: Buying and selling on DDF
Post by: Super Speed on December 26, 2013, 06:55:03 PM
you totally missed the conversation
Mind explaining? (I reread and still hold to what I said)

Title: Re: Buying and selling on DDF
Post by: SamKey on December 26, 2013, 07:20:02 PM
Mind explaining? (I reread and still hold to what I said)
he said that one person will make a lot of accounts and get lots of posts and those accounts will vouch for him that he's legit
Title: Re: Buying and selling on DDF
Post by: Super Speed on December 26, 2013, 10:47:58 PM
he said that one person will make a lot of accounts and get lots of posts and those accounts will vouch for him that he's legit
I stand corrected.

Title: Re: Buying and selling on DDF
Post by: popcorn1508 on December 27, 2013, 02:44:24 AM
In 5+ years not one deal gone bad.

5+ years  ???
Title: Re: Buying and selling on DDF
Post by: CountValentine on December 27, 2013, 02:56:32 AM
5+ years  ???
I have been doing deals with different members (FWF, FT, DDF and others) for over 5 years. Most I have never met and not one deal went bad.
Title: Re: Buying and selling on DDF
Post by: Twin on December 27, 2013, 04:38:26 AM
I have been doing deals with different members (FWF, FT, DDF and others) for over 5 years. Most I have never met and not one deal went bad.
What's your secret?
Title: Re: Buying and selling on DDF
Post by: CountValentine on December 27, 2013, 05:39:56 AM
What's your secret?
Always let them fulfill their part first.  :)
Title: Re: Buying and selling on DDF
Post by: DrDanny on December 27, 2013, 07:04:43 AM
I've made many transactions with people I met here. If they have a lot of posts and I feel I know them through that somewhat then that's usually enough for me, if it's a new member then I try to find someone that we both know in real life (as opposed to the forums). Since most of us here live in frum community's that hasn't been to difficult.
Title: Re: Buying and selling on DDF
Post by: sky121 on December 27, 2013, 07:06:53 AM
Common sense doesn't hurt either.