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 1183437 times)

Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #2500 on: February 24, 2019, 11:14:24 PM »
It's the number one referring site to that post right now.
Shmais is 2.
are any MSM sites referring ?
May you slide down the banister of happiness & get many splinters of success up your career.

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #2501 on: February 24, 2019, 11:16:22 PM »
are any MSM sites referring ?
Nah, this isn't going to make it there. Way too obscure and not enough details.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline LoLo

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Re: PSA: Don't swipe recklessly for others
« Reply #2502 on: February 24, 2019, 11:17:39 PM »
What are the page views like compared to the average?

Btw, It's great to have this link to send everyone whatsapping me about this. And to those that don't..

Offline Hershelsdeals

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Re: PSA: Don't swipe recklessly for others
« Reply #2503 on: February 24, 2019, 11:54:01 PM »

Offline shnozolla

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Re: PSA: Don't swipe recklessly for others
« Reply #2504 on: February 25, 2019, 12:10:20 AM »
I am currently swiping for a company, in the 100-200k range.
Your article kind of hit home, thanks.
I want to either a) stop immediately or b) do my due diligence.

I am given a PO for each swipe. (meaning there is a buyer already for the merchandise before the company swipes my card by their supplier. Customers have to pay NET 30 and are all insured (in case of defaulting). So far no customers have defaulted.
What more can I do for due diligence?

Offline Moshe123

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Re: PSA: Don't swipe recklessly for others
« Reply #2505 on: February 25, 2019, 12:19:36 AM »
I am currently swiping for a company, in the 100-200k range.
Your article kind of hit home, thanks.
I want to either a) stop immediately or b) do my due diligence.

I am given a PO for each swipe. (meaning there is a buyer already for the merchandise before the company swipes my card by their supplier. Customers have to pay NET 30 and are all insured (in case of defaulting). So far no customers have defaulted.
What more can I do for due diligence?

Who guarantees that the PO is legit?
Who says that the AR insurance will not go to pay someone else who they owe

Offline Saver2000

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Re: PSA: Don't swipe recklessly for others
« Reply #2506 on: February 25, 2019, 12:25:19 AM »
I am currently swiping for a company, in the 100-200k range.
Your article kind of hit home, thanks.
I want to either a) stop immediately or b) do my due diligence.

I am given a PO for each swipe. (meaning there is a buyer already for the merchandise before the company swipes my card by their supplier. Customers have to pay NET 30 and are all insured (in case of defaulting). So far no customers have defaulted.
What more can I do for due diligence?
Who says they aren't using the same PO for 6 different "swipers" besides for you?

Offline Luvisrael

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Re: PSA: Don't swipe recklessly for others
« Reply #2507 on: February 25, 2019, 12:31:22 AM »
Wow this went from what can he do for due diligence to , serious concerns!

Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #2508 on: February 25, 2019, 12:34:33 AM »
I am currently swiping for a company, in the 100-200k range.
Your article kind of hit home, thanks.
I want to either a) stop immediately or b) do my due diligence.

I am given a PO for each swipe. (meaning there is a buyer already for the merchandise before the company swipes my card by their supplier. Customers have to pay NET 30 and are all insured (in case of defaulting). So far no customers have defaulted.
What more can I do for due diligence?

Forget due diligence. Try to get your money out as fast as possible without alerting or panicking them. Tell them you are moving on to other ventures or you want to buy a home etc and you need your credit cards paid down now.


Offline S209

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Re: PSA: Don't swipe recklessly for others
« Reply #2509 on: February 25, 2019, 12:47:44 AM »
Forget due diligence. Try to get your money out as fast as possible without alerting or panicking them. Tell them you are moving on to other ventures or you want to buy a home etc and you need your credit cards paid down now.
Right. You and all of the other swipers, the day after the DDMS post. I’m sure they won’t be suspicious or anything.

Still, it could be legit..
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline yandmk

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Re: PSA: Don't swipe recklessly for others
« Reply #2510 on: February 25, 2019, 03:09:38 AM »
Any critiques before I post?
https://www.dansdeals.com/more/dans-commentary/dark-side-earning-credit-card-points-psa-dont-swipe-others/
Best line of the post imho,
"If you can’t treat your credit cards the same way as you do cash, then shred them today."

Offline Dave321

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Re: PSA: Don't swipe recklessly for others
« Reply #2511 on: February 25, 2019, 08:03:06 AM »
I am currently swiping for a company, in the 100-200k range.
Your article kind of hit home, thanks.
I want to either a) stop immediately or b) do my due diligence.

I am given a PO for each swipe. (meaning there is a buyer already for the merchandise before the company swipes my card by their supplier. Customers have to pay NET 30 and are all insured (in case of defaulting). So far no customers have defaulted.
What more can I do for due diligence?

You have to ask yourself, how come a company that does this amount doesn't have their own cards?

Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #2512 on: February 25, 2019, 08:26:25 AM »
Forget due diligence. Try to get your money out as fast as possible without alerting or panicking them. Tell them you are moving on to other ventures or you want to buy a home etc and you need your credit cards paid down now.
Tough trick to play. Go too fast, and that might bring about a default faster. Go too slow, and you might miss out.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #2513 on: February 25, 2019, 08:29:25 AM »
It's the number one referring site to that post right now.
Shmais is 2.
Wow. I wasn’t aware that anyone still visits Shmais.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #2514 on: February 25, 2019, 08:34:49 AM »
The comments!!
Oh. How I regret not learning Korean.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline TimT

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Re: PSA: Don't swipe recklessly for others
« Reply #2515 on: February 25, 2019, 09:16:22 AM »
Might be worth keeping it stickied to the top for awhile.

Offline aro123

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Re: PSA: Don't swipe recklessly for others
« Reply #2516 on: February 25, 2019, 09:40:07 AM »
i don't know why everyone feels the need to compare buying groups to this? (btw I have never done buying groups in my life)

A: these places obviously can't find anyone to lend them money at less than 24%, there is no reason to assume that about a buying group

B: these places are paying 24% interest on their  $ which is not sustainable, buying groups are not

C: you are really a supplier to a business not lending  $. every supplier that doesn't get COD has risks but not like a lender.

the only comparison is that people may feel risking cc  $ is not risking their only  $ and that is why people take too much risk

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #2517 on: February 25, 2019, 09:41:54 AM »
Who is comparing the situations?

They're clearly unique and the tzad hashoveh is only that you should never risk what you can't afford to lose as businesses go broke all the time.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline aro123

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Re: PSA: Don't swipe recklessly for others
« Reply #2518 on: February 25, 2019, 09:45:50 AM »
Who is comparing the situations?

They're clearly unique and the tzad hashoveh is only that you should never risk what you can't afford to lose as businesses go broke all the time.
but that is true about everything in life. even if your using your cc to supply your own business. but no one is making fun of people for doing that...

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #2519 on: February 25, 2019, 09:47:53 AM »
Surely you can't be serious.

You are comparing giving unsecured goods to a 3rd party that you know nothing about their business numbers to running your own business?!?

This is nothing but ruach shtus talking.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.