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 1183005 times)

Offline etech0

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Re: PSA: Don't swipe recklessly for others
« Reply #1640 on: January 23, 2019, 01:09:58 PM »
Yes, all part of the We family from Taiwan, together with @yesitsme :)
and @HelpMe
Workflowy. You won't know what you're missing until you try it.

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1641 on: January 23, 2019, 01:32:04 PM »
Yes, all part of the Me family from Taiwan, together with @yesitsme :)

Lady calls this house, little boy answers "is your father home " no he ain't "and your mother? " She ain't home. "Where's your grammar young man?" She ain't home either

Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #1642 on: January 23, 2019, 01:35:11 PM »
Lady calls this house, little boy answers "is your father home " no he ain't "and your mother? " She ain't home. "Where's your grammar young man?" She ain't home either
i dont see this story happening with the Me family from Taiwan...
May you slide down the banister of happiness & get many splinters of success up your career.

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1643 on: January 23, 2019, 01:43:12 PM »
i dont see this story happening with the Me family from Taiwan...
They used some cc farm company and got screwed, they had to change their name to you (chu)

Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #1644 on: January 23, 2019, 02:09:41 PM »
They used some cc farm company and got screwed, they had to change their name to you (chu)
;D
May you slide down the banister of happiness & get many splinters of success up your career.

Online bermo

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Re: PSA: Don't swipe recklessly for others
« Reply #1645 on: January 23, 2019, 03:52:02 PM »
I think he meant I pay $60 a year for Grammarly, how could he not?!
Off topic  :-X How do you get Grammarly for $60 a year?

Thanks

Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #1646 on: January 23, 2019, 04:25:20 PM »
What's grammerly?

Offline etech0

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Re: PSA: Don't swipe recklessly for others
« Reply #1647 on: January 23, 2019, 04:31:25 PM »
What's grammerly?
Chrome extension for spellcheck and the like
Workflowy. You won't know what you're missing until you try it.

Offline lubaby

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Re: PSA: Don't swipe recklessly for others
« Reply #1648 on: January 23, 2019, 06:40:04 PM »
Off topic  :-X How do you get Grammarly for $60 a year?

Thanks
Goes on sale a 1-2 times a year for half price.

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1649 on: January 24, 2019, 07:03:33 AM »
Chrome extension for spellcheck and the like

Works for all browser's, the basic version is free. But for grammar, sentence structure etc it's well worth the $60 I paid when it was on sale.

I'm on my phone now and don't have it here, but I'll run this through later and post the fixed version. You'll notice the changes!

Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1650 on: January 24, 2019, 08:45:48 AM »
Works for all browser's, the basic version is free. But for grammar, sentence structure etc it's well worth the $60 I paid when it was on sale.

I'm on my phone now and don't have it here, but I'll run this through later and post the fixed version. You'll notice the changes!
Wrong thread, no need to hijack it for this nonsense.
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1651 on: January 24, 2019, 08:46:15 AM »
So you have an agenda here....

In actuality alot of people from G**Damn Lakewood, Monsey, and BP have done very well in the E-commerce world and continue to do so
Yup.

Though I definitely don't fully understand how people are borrowing money at the aforementioned rates of 15% and making monsey. After that and overhead doesn't really make sense. 
“To avoid criticism say nothing, do nothing, be nothing.”


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Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #1652 on: January 24, 2019, 03:05:07 PM »
Yup.

Though I definitely don't fully understand how people are borrowing money at the aforementioned rates of 15% and making monsey. After that and overhead doesn't really make sense.
Gross margins on PL needs to be at least 100% usually 150+

Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1653 on: January 24, 2019, 04:22:06 PM »
Gross margins on PL needs to be at least 100% usually 150+
And is that doable for these buying groups?
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline LoLo

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Re: PSA: Don't swipe recklessly for others
« Reply #1654 on: January 24, 2019, 04:26:13 PM »
What do buying groups have to do with PL?

Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1655 on: January 24, 2019, 04:41:46 PM »
What do buying groups have to do with PL?
thats what someone was saying that borrow @15% I believe
“To avoid criticism say nothing, do nothing, be nothing.”


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Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1656 on: January 24, 2019, 04:42:21 PM »
Good for you. Maybe I'm naïve, but I've seen enough.

Even with 5% margins, and I'm referring to NI margins, (Chareidim just don't seem to get the difference between Gross Margin and Net Income), and 25% Inventory stocking, and an investor for 10%, you're -19.5% cash flow before you open shop.

But people live in LaLa land.
here
“To avoid criticism say nothing, do nothing, be nothing.”


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Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1657 on: January 24, 2019, 04:44:48 PM »
And is that doable for these buying groups?

A buying group that flips doesn't need high margins, no fees, returns etc. But 15% a year means nothing

If they buy an item for $200 and flip it for 220 a day later, it's irrelevant. If they do this over and over thats real money

Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #1658 on: January 24, 2019, 07:20:38 PM »
And is that doable for these buying groups?
I don't have a good understanding of their business model. I assume their marhins are enough. where do they unload the goods?
AFAIK there is no other way to make money on non PL...

Offline talmud chacham

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Re: PSA: Don't swipe recklessly for others
« Reply #1659 on: January 25, 2019, 01:25:54 AM »
Aren't there potential ribbis issues with that too?

ETA: That was weird, don't know why it didn't warn me that someone posted while I was typing.
as far as i know there is no shaleh at all check @ rav