Topic Wiki

https://www.dansdeals.com/more/dans-commentary/dark-side-earning-credit-card-points-psa-dont-swipe-others/

https://www.mixcloud.com/zev-brenner/talkline-with-zev-brenner-on-credit-card-scams-affecting-the-orthodox-jewish-community/

http://podcast.headlinesbook.com/e/31616-credit-card-miles-and-points-swiping-for-rewards-buying-and-selling-miles-is-it-assur-and-a-chillul-hashem-or-a-great-way-for-a-side-parnassah/



BEFORE SWIPING FOR SOMEONE READ THIS: (first hand story)

https://forums.dansdeals.com/index.php?topic=36812.msg2062371#msg2062371
https://www.dansdeals.com/more/dans-commentary/dark-side-earning-credit-card-points-psa-dont-swipe-others/#comment-1399884


Dan's warning to DDF:
I hope people realize that any buying group or anyone else that gets merchandise in advance of payment can go south at any time. That's even if you get a check at the time of delivery.
X-posting as I don't want anyone to say that I never put a warning here.

A story that ended up in court - https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1


I am one of the biggest buyers for buying groups, I have done millions in transactions and have sent to every group there is over the past 3 years. Most buying groups are okay, some scan in slower than others, some pay slower than others - most will lose a few packages over the year. You can research and find which are better for you.

However there is a bigger problem now with Amazon itself.  Amazon in the past has been great with any problems always ready with a refund for lost packages even if it was thousands of dollars. Lately Amazon has clamped down and has tagged these buying groups addresses  in their systems as "freight forwarder" and now no longer will fix any problem you have whatsoever. Doesn't matter what the problem is, even if it shows the package was never delivered, amazon will not help you in any way. Their copy and paste response will always be "this item was sent to a freight forwarder and we're unable to replace or refund the item. We recommend contacting your freight forwarder for more details, as we don't have any more insight or information regarding this matter, For more information about sending items via freight forwarders, please visit our Help Pages: https://www.amazon.com/gp/help/customer/display.html?nodeId=201117950." As well the amazon drivers either must know this or have been increasingly bad at delivering packages because the numbers of packages missing has gone up astronomically. Previously you would have very few packages missing, now the past 3 months I have had 59 "lost" packages. I now have over $15,000 of loses and some guy in Delaware is probably living the life with all the stuff he stole from me. I will survive, I have made a lot more than $15,000 over the years however just a warning to others here that things are not as they used to be and it really is no longer worth doing buring groups with all the loses piling up

« Last edited by Yo ssi on July 24, 2023, 06:47:26 PM »

Author Topic: PSA: Don't swipe recklessly for others  (Read 1551925 times)

Offline Melech

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5660 on: October 09, 2024, 03:12:19 PM »
Anyone? Are they paying on time?

Offline egzactly

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5661 on: October 09, 2024, 03:15:30 PM »
BFP is almost 3 months behind payments.
PM is paid up already until October.


I haven't used those. BG, DNR, and MOD have been doing great overall. they all have their pros and cons obviously. MOD has been paying same day for a few weeks now but will probably slow down soon due to the sales today and yesterday, DNR is on fixed 2 week schedule, and BG is also paying out fast (although their deals have been 90% BC).

Curious as to why you go to those groups.

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5662 on: November 03, 2024, 01:14:18 AM »
How's BFMR doing these days?
I'm still relatively new at the game but my experience with BFMR has been pretty good a bit patchy with TBA trackings but they so far have always come through

Offline frenchfries

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5663 on: November 03, 2024, 12:10:02 PM »
Not from personal experience, but was just speaking to a friend the other day who said EMB has paid very promptly, used them twice in the past month or two and is fully paid up.

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #5664 on: November 03, 2024, 05:17:07 PM »
NEWARK, N.J. – An Ocean County, New Jersey, man today admitted that he illegally laundered the proceeds of a wire fraud scheme, U.S. Attorney Philip R. Sellinger announced.

 41, of Lakewood, New Jersey, pleaded guilty before U.S. District Judge Kevin McNulty to an information charging him with money laundering.

According to documents filed in the case and statements made in court:

He  made or caused others to make numerous fraudulent financial transactions through at least two entities that he  formed and established as merchants that used multiple credit card processing companies. These transactions resulted in more than $1 million in losses to a multinational financial services corporation that specialized in payment cards. He  laundered portions of the proceeds of this scheme, including through an approximately $500,000 wire transfer from a bank account under his control.

The charge of money laundering is punishable by a maximum potential penalty of 10 years in prison and a fine $250,000, or twice the gross profits or gross loss suffered by the victims, whichever is greatest. Sentencing is scheduled for Sept. 8, 2023.


Sentenced to 2 years.

Anyone know the details of this "fraud"? The indictment is lacking basic information.

Offline bcinthecv

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Buying Groups with Amazon account issues
« Reply #5665 on: November 05, 2024, 06:52:24 PM »
Hello everyone!  I am not new to points and miles but am with the buying groups.  I have a personal Amazon account and setup a business one as well.  Sent a couple of items as a test run to two recommended buying groups.  Amazon shut that down as I had to send documentation of my business and to give it 48 hours.  I sent documentation (business card, credit card on my account, cc statement) and got another e-mail saying that it would be another 48 hours as they review it.  12 hours later I received the following e-mail:

Hello,

After a review of your details, we have determined it is necessary to close your Amazon.com account. Any pending orders have been canceled.

We may not reply to further emails about this issue.

I have reached out to them to no luck.  I got one item through and then everything else was cancelled.

Couple of questions:

1) Any resolution to this other than wait on Amazon

2) Do I need to set up a business seller account on my Amazon business account?  I have not and don't know if this is one of the reasonings behind the e-mail I received

Appreciate any help the group is able to offer!

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5666 on: November 18, 2024, 06:33:33 PM »
Deal and Runner is by far the best for those who live in Lakewood.
Very fast turnaround and payout.
Amazon deals pretty often.
Drop off option.
Downside is that they have expiration.
Closeout NJ has decent deals.
Hard to navigate the site.
Very short expiration time.
Drop off option.
Not very good at tracking, but they always come through.
If you have tax free at best buy they'll have some good deals you can ship to your house.
Very rarely have new deals.
BFMR has a good payout and tracking time.
Very few large Amazon deals.
No dropoff option in Lakewood (only NH)

Offline Markmann20

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Re: PSA: Don't swipe recklessly for others
« Reply #5667 on: November 19, 2024, 05:00:13 PM »
Who's ready for strong 4 weeks ahead
WWW.BuyingGroup.COM

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #5668 on: November 19, 2024, 05:04:38 PM »
Who's ready for strong 4 weeks ahead
after a lackluster 2 years, who are you kidding lol

Offline Markmann20

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Re: PSA: Don't swipe recklessly for others
« Reply #5669 on: November 20, 2024, 08:06:29 AM »
after a lackluster 2 years, who are you kidding lol
Cant always be covid back to what it was before
WWW.BuyingGroup.COM

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #5670 on: November 20, 2024, 08:39:26 AM »
Cant always be covid back to what it was before
And before Covid too - I've been in the game for a long time.

The current state of 5% BC, Amazon flagging BG addresses, and stolen packages (even with insurance) makes BGs quite unappealing.

I'm sure you'll always have plenty of noob buyers, so no need for you to worry.

Offline Essen est zich

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Re: PSA: Don't swipe recklessly for others
« Reply #5671 on: November 20, 2024, 08:55:37 AM »
Who's ready for strong 4 weeks ahead

I'm done giving BG interest free loan.

At this rate I would make more by putting those funds in a money market account or a CD.
Shloffen Shloft Zich

Offline shlomoandtam

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Re: Buying Groups with Amazon account issues
« Reply #5672 on: November 26, 2024, 03:09:11 PM »
just open another amazon account no need for it to be business account. or use your regular account

Offline shlomoandtam

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5673 on: November 26, 2024, 03:11:55 PM »
Anyone else having issues shipping apple products to bfmr addresses from amazon?

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5674 on: November 26, 2024, 03:36:24 PM »
Anyone else having issues shipping apple products to bfmr addresses from amazon?
Sometimes, but I also sometimes do with MOD and BG. I usually try 3-4 times before I give up as sometimes a latter attempt will stick.

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5675 on: November 26, 2024, 03:42:17 PM »
With proliferation of cheap amazon gift cards (you can get in high 80%s) has anyone else been tempted to use them with BGs? I've heard the stories that make it sound like I am playing with fire and I may lose my gc balance at any time, but I've been dabbling anyway

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5676 on: November 26, 2024, 03:42:31 PM »
How's BFMR doing these days?
Anyone? Are they paying on time?
I know your message is old but there is a ticker on top of their website after you log in with updated status. Overall I've found them reliable and fast paying with solid deals. I did have something annoying happen recently with them, they cancelled a commitment I had made on some Apple watches that dropped in price that were delivered only 3 days after I committed. I opened a ticket and didn't get a response yet and I ended up recommitting at the lower price in the mean time.

Offline elimmm

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5677 on: November 27, 2024, 09:46:58 AM »
PEYD is advertising for USA Buying Group. How are they?

Offline Melech

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5678 on: November 27, 2024, 09:49:17 AM »
Just curious if anyone else can confirm BFMR is paying out on time and has no other issues.
I recently was burned by a different group so I'm a little wary to go back in...

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5679 on: November 27, 2024, 09:51:14 AM »
Just curious if anyone else can confirm BFMR is paying out on time and has no other issues.
I recently was burned by a different group so I'm a little wary to go back in...
I haven't really been using BFMR lately as none of their deals worked out for me but I've done close to six grand with them in the a month ago and I got fully paid out