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 1182335 times)

Offline Mordyk

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Re: PSA: Don't swipe recklessly for others
« Reply #4700 on: May 24, 2022, 07:51:12 PM »
718-686-9339
usoffice@mishpacha.com
Thanks. I emailed them
#TYH

Offline WonderingYid

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Re: PSA: Don't swipe recklessly for others
« Reply #4701 on: May 25, 2022, 09:45:42 PM »
Can’t believe Mishpacha will print such a scammy ad
Would they take 100K?

Offline neveryou

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Offline LoLo

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Re: PSA: Don't swipe recklessly for others
« Reply #4703 on: May 26, 2022, 01:10:31 AM »
Account minimum went up since, inflation..

How much is their cut?

Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #4704 on: May 26, 2022, 07:05:58 AM »
Account minimum went up since, inflation..

How much is their cut?
That’s your first question? Who cares what the fee structure is, we all know this is a terrible idea.
What bothered me the most about the Mishpacha ad was that it’s “consistently” 70%

Offline Mordyk

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Re: PSA: Don't swipe recklessly for others
« Reply #4705 on: May 26, 2022, 09:18:29 AM »
I have this person's contact info if anyone aants to call this person. PM ME
#TYH

Offline Mordyk

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Re: PSA: Don't swipe recklessly for others
« Reply #4706 on: May 26, 2022, 09:45:13 AM »
BTW if this guy has consistent returns for 20 years then he will e worth $6billion. ;D
#TYH

Offline AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4707 on: May 26, 2022, 09:49:24 AM »
That’s your first question? Who cares what the fee structure is, we all know this is a terrible idea.
What bothered me the most about the Mishpacha ad was that it’s “consistently” 70%

What it means that people consistently only get back 70% or
less of their money :P
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline neveryou

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Re: PSA: Don't swipe recklessly for others
« Reply #4708 on: May 26, 2022, 02:12:30 PM »
 he claims he uses interactive brokers which allows him up to 15 linked accounts if he is not a registered broker so he said he has 12 clients and is looking for 3 more
He also wouldn't explain how he makes money

Unfortunately it sounds like other people are interested

All he said is he doesn't charge

Offline Ephcc90

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Re: PSA: Don't swipe recklessly for others
« Reply #4709 on: May 26, 2022, 03:46:05 PM »
No way this is legal.

Offline 1avigrun

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Re: PSA: Don't swipe recklessly for others
« Reply #4710 on: May 26, 2022, 04:12:48 PM »
Maybe he invested in inflation then the numbers make sense

Offline AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4711 on: May 26, 2022, 04:29:21 PM »
No way this is legal.

Legal? It has to be a scam! They’re either outright stealing peoples money, lying to them about risk to capital, or lying about returns.
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline Ephcc90

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Re: PSA: Don't swipe recklessly for others
« Reply #4712 on: May 26, 2022, 05:41:52 PM »
Legal? It has to be a scam! They’re either outright stealing peoples money, lying to them about risk to capital, or lying about returns.
Well, yes, thought that was obvious:)

Offline UKinNYS

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Re: PSA: Don't swipe recklessly for others
« Reply #4713 on: May 26, 2022, 06:56:58 PM »
The article with mishpacha publisher himself promoting the scammy course imho was worse than the ad.
Can’t believe Mishpacha will print such a scammy ad

Offline AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4714 on: May 26, 2022, 07:29:05 PM »
The article with mishpacha publisher himself promoting the scammy course imho was worse than the ad.

Yup, advertorials are much scammer. Especially in a society like ours where there are lots of naive marks who fall for this BS.
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline m65

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Re: PSA: Don't swipe recklessly for others
« Reply #4715 on: May 26, 2022, 07:32:07 PM »
What it means that people consistently only get back 70% or
less of their money :P
there is no way anyone is getting back 70% of their money

Offline AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4716 on: May 26, 2022, 07:38:16 PM »
there is no way anyone is getting back 70% of their money

Like I said:

What it means that people consistently only get back 70% or
less
of their money :P
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #4717 on: May 28, 2022, 11:43:53 PM »
Pointsmaker hasn't had any deals in a long time. This was after significantly slowing down their payment schedule. Wonder what's up.

Offline simplicity

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Re: PSA: Don't swipe recklessly for others
« Reply #4718 on: May 29, 2022, 11:32:04 AM »
Pointsmaker hasn't had any deals in a long time. This was after significantly slowing down their payment schedule. Wonder what's up.
active owner just got married

Offline Euclid

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Re: PSA: Don't swipe recklessly for others
« Reply #4719 on: May 29, 2022, 11:37:20 AM »
active owner just got married
Oh wow! That's a good reason - only simchas!