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 1551833 times)

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5680 on: November 27, 2024, 09:54:36 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...
They're good ime. Just got paid today on apple watches delivered 11/22

Offline tavster

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5681 on: November 27, 2024, 09:57:13 AM »
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
They usually have good deals around prime days, black Friday etc. not so much on random weeks

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5682 on: November 27, 2024, 09:58:00 AM »
They usually have good deals around prime days, black Friday etc. not so much on random weeks
Lol I finished all my spending just in time for black friday

Offline tavster

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5683 on: November 27, 2024, 09:59:46 AM »
Lol I finished all my spending just in time for black friday
Isn't there always more spending?  ;D

Offline free123cc

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5684 on: November 27, 2024, 10:25:49 AM »
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

where can i get amazon gift cards in the high 80%s ?? (legit cards that wont be pulled by amazon)
just to clarify i have no intention to use them for buying groups but to save 10-12% on regular amazon spending sounds nice

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5685 on: November 27, 2024, 10:57:32 AM »
where can i get amazon gift cards in the high 80%s ?? (legit cards that wont be pulled by amazon)
just to clarify i have no intention to use them for buying groups but to save 10-12% on regular amazon spending sounds nice
See here https://forums.dansdeals.com/index.php?topic=11457.0

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5686 on: November 27, 2024, 12:03:17 PM »
Isn't there always more spending?  ;D
I'm done for now  :) you know vacation

Offline shlomoandtam

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5687 on: November 27, 2024, 04:21:08 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
where have you heard these stories

Offline monsey yid

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5688 on: November 27, 2024, 04:35:46 PM »
where have you heard these stories

Its known No No
If you like my post give me a like!

Offline monsey yid

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5689 on: November 27, 2024, 04:37:42 PM »
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...

Which group?
If you like my post give me a like!

Offline PaternalPrince

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5690 on: November 27, 2024, 04:42:40 PM »

Offline Melech

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5691 on: November 27, 2024, 07:48:29 PM »
Which group?
Weelllllll they haven't been posting any deals for a couple of months now....
seems like they had some major troubles and they may have closed up shop
so I'd rather not slander them if theres no point...

Offline Euclid

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5692 on: November 27, 2024, 09:47:30 PM »
where can i get amazon gift cards in the high 80%s ?? (legit cards that wont be pulled by amazon)
just to clarify i have no intention to use them for buying groups but to save 10-12% on regular amazon spending sounds nice
Try Pepper

Offline S209

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5693 on: November 28, 2024, 08:10:25 PM »
Try Pepper
Gopepper.com? Is this similar to that site that sells exact denomination gift cards directly from the merchant?
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline Redbull3

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5694 on: November 28, 2024, 09:52:33 PM »
Gopepper.com? Is this similar to that site that sells exact denomination gift cards directly from the merchant?
Yeah you can get a gift card at any amount you want. They have flash sales on amazon for 86-88% where you pay the full amount and they pay the discount in the form of points which can only be used on other gift cards and which don't come right away.

Offline Markmann20

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Re: PSA: Don't swipe recklessly for others
« Reply #5695 on: December 01, 2024, 10:16:30 AM »
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.

It’s definitely a valid point! For liquid funds, there are indeed better options out there, like money market accounts or CDs, to maximize returns. That said, when it comes to credit card spending, the opportunity cost is lower since it doesn’t tie up your cash directly.

You’re right that some groups rely heavily on delayed payouts because they lack sufficient working capital. However, there are a few well-funded groups, like BG, that strive to minimize payout delays and maintain a strong, reliable process.
WWW.BuyingGroup.COM

Offline sylk

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Re: PSA: Don't swipe recklessly for others
« Reply #5696 on: December 01, 2024, 02:58:48 PM »
It’s definitely a valid point! For liquid funds, there are indeed better options out there, like money market accounts or CDs, to maximize returns. That said, when it comes to credit card spending, the opportunity cost is lower since it doesn’t tie up your cash directly.

You’re right that some groups rely heavily on delayed payouts because they lack sufficient working capital. However, there are a few well-funded groups, like BG, that strive to minimize payout delays and maintain a strong, reliable process.
LOL ::)

Offline AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #5697 on: December 02, 2024, 11:49:03 AM »
LOL ::)

“Well-funded” and “strive to minimize” in the same sentence…
DDF FFB (Forum From Birth)

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #5698 on: December 02, 2024, 12:19:08 PM »
“Well-funded” and “strive to minimize” in the same sentence…
MarkGPT

Offline ad120

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Re: Buying Group Tips, Tricks, & Discussion
« Reply #5699 on: December 02, 2024, 07:58:56 PM »
PEYD is advertising for USA Buying Group. How are they?
I have the same question.
Does USA buying group pay on time?
Is their delaware address marked as "Freight Forwarder"?
If so, how do you CYA for "lost" packages?