I just bought an Asus Transformer, MSRP $400. For those that don't know, it is a very hot item currently and is sold out pretty much everywhere with a 2-3 week backlog for many retailers. The MSRP $400 version goes for about $550 on Ebay.
I got in early and managed to snag one. After shipping and tax, it ended up costing me around $450. I played around with it for about 2 days and I'm just not feeling it. I figure, better cut my losses now and sell it off than wait a few weeks/months and have to sell it at a loss. Alternatively, I could return it back to Sears where I bought it, but they said they might charge me a 15% restocking fee because it is open.
I posted it on Craigslist for $450 and someone replied nearly instantly. After I said I still had the item, he said:
Thanks for your response, i'll offer you $550 for both ring including the shipping cost because am not local and am also paying you via by PayPal payment, i'll be glad if you take my offer and get back to me with an invoice of $550 as soon a i receive the invoice from your PayPal Account, i'll transfer the fund into your PayPal account immediately...
I asked him where he was if he wasn't local. He replied:
Am in Jonesport Maine and am buying the item for my colleague on a vacation outside the state ,i added extra $100 money for the shipping cost,you'll ship it out to her via US Postal Service (Express Mail) because it won't cost you more then $70 or less to ship it out,as soon as i receive the invoice ,ill transfer the money into your PayPal Account immediately.
If I make him send me the money first, before I ship it out, is there any way he can rescind the payment after I've shipped the item?
What if I accept his money and then immediately transfer the money out of PayPal to my bank account?
I'm not super familiar with PayPal's protocols so I was just wondering if someone could shed some more light on how this scam works.