Put my timeshare up for sale, and got quick response from someone who texted to my cell phone, and said price was fine and I should give the buyer my Google checking account number and he would immediately make full payment to it. Sounded strange to me, since I would have expected many more quesions from buyer before receiving payment. I dont have a Google account number, so I tried calling numerous times and only got voice recording. Got no return call. I texted to the number I had from buyer, but got no answer return. Anyone hear of some type of scam with this scenario.
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Sale of timeshare
- Thread starter alf26
- Start date
I'm not even sure there IS a Google checking account. Never heard of the Bank of Google. I am guessing that this scammer just wants access to your any ol' checking account- and not to put money IN it. Either tell them you'll take Pay Pal, or just move on (that would be my response).
Jim
Jim
Google offers an online payment system known as Google Wallet, that allows you to pay for goods and services received when the vendor has a google account. They also have a merchant account service for vendors called Google Checkout.
I neither case would you as the seller share information with a buyer. If you offered the services, you've show them as a payment option on your website.
To protect yourself from scams, simply insist on using a true third party escrow and closing company.
I neither case would you as the seller share information with a buyer. If you offered the services, you've show them as a payment option on your website.
To protect yourself from scams, simply insist on using a true third party escrow and closing company.
Trifish
TUG Member
This is most likely a scam that happens with PayPal, Google wallet, etc. They send you the money which is normally more than you were asking for, then you get a quick "oh I made a mistake please refund me the difference" which if you do comes out of your account and the "money" they sent you quickly disappears because the transaction will never clear.
TheTimeTraveler
TUG Member
SCAM.
Find yourself a Broker to market your timeshare or get an escrow agent to handle the funds and rid yourself of this hassle.
.
Rent_Share
TUG Member
Yes it is a scam
As to a Broker, what part of $ 1.00 do you think they will work for
As to a Broker, what part of $ 1.00 do you think they will work for
jc92869
TUG Member
Alternative.
RULE # 1. research the legitimacy of the other party in the transaction.
If you feel confident with the legitimacy of the other party and you are willing to do business with them, an alternative to escrow is to set up an additional, temporary, account @ national bank.
As always, this is not legal advice, just my opinion.
Here's what to do
Set up a simple SAVING account. Not a checking or anything that is referred to as demand deposit account (DDA)- this includes money market savings accounts-. Simple saving accounts do not allow checks to be written off them, and do not allow access through check cards (visa, M/C, etc). The only way to get money from a simple saving account is through in-bank transactions, ATM cards with PIN (which you of course will NOT give them) and through transfers to your other accounts through online banking ( this will not apply because you will only have a simple saving account). More importantly, simple saving accounts cannot be externally overdrawn, so if there is no money in them, a scammer would not be able to get money out. This is different in checking accounts which CAN be overdrawn even if there is no money in them.
If I feel comfortable enough with other party I will give them my routing number and simple saving account number and ask them to deposit at a branch or electronically. They will deposit the money into it and I will close the account as soon as I receive the funds.
As always, there is a risk when you share personal information, however account numbers alone are not very easy ways to get additional info. If a scammer has enough resources, technology, or knowledge to get personal info by JUST using an account number, then they have enough resources, technology, and knowledge to get your info whether you give them your account number or not. in which case, refer to RULE 1 above.
RULE # 1. research the legitimacy of the other party in the transaction.
If you feel confident with the legitimacy of the other party and you are willing to do business with them, an alternative to escrow is to set up an additional, temporary, account @ national bank.
As always, this is not legal advice, just my opinion.
Here's what to do
Set up a simple SAVING account. Not a checking or anything that is referred to as demand deposit account (DDA)- this includes money market savings accounts-. Simple saving accounts do not allow checks to be written off them, and do not allow access through check cards (visa, M/C, etc). The only way to get money from a simple saving account is through in-bank transactions, ATM cards with PIN (which you of course will NOT give them) and through transfers to your other accounts through online banking ( this will not apply because you will only have a simple saving account). More importantly, simple saving accounts cannot be externally overdrawn, so if there is no money in them, a scammer would not be able to get money out. This is different in checking accounts which CAN be overdrawn even if there is no money in them.
If I feel comfortable enough with other party I will give them my routing number and simple saving account number and ask them to deposit at a branch or electronically. They will deposit the money into it and I will close the account as soon as I receive the funds.
As always, there is a risk when you share personal information, however account numbers alone are not very easy ways to get additional info. If a scammer has enough resources, technology, or knowledge to get personal info by JUST using an account number, then they have enough resources, technology, and knowledge to get your info whether you give them your account number or not. in which case, refer to RULE 1 above.
pacodemountainside
TUG Member
I think one can stop after step one. If one is not comfortable with , selling/renting time share, condo car, whatever or acquiring a spouse or new job, then don't do it.
It appear the above would work, but if other party wants to send money in a hurray, I just them info for my local WalMart!
lizanddave
newbie
Hi,
I'm new to this site, but I am in the process of "giving my timeshare" away, and have a taker, we have had to communicate several times, and also go through some paperwork with the timeshare company we bought from to get the new owner accepted so they will be sure to pay the maintenance fees. This is not a quick and simple process, and a lot of communication is needed for us (mind you ours is deeded) but still, anyone who just wants to send money without any communication sounds like a SCAM to me for sure. It all comes down to communication, if you can't reach the person who contacted you at all... well let them go is what I would do, move on, don't waste time.
Best of luck, we are almost done getting rid of our timeshare Yay!!!!
Cheers,
Liz
I'm new to this site, but I am in the process of "giving my timeshare" away, and have a taker, we have had to communicate several times, and also go through some paperwork with the timeshare company we bought from to get the new owner accepted so they will be sure to pay the maintenance fees. This is not a quick and simple process, and a lot of communication is needed for us (mind you ours is deeded) but still, anyone who just wants to send money without any communication sounds like a SCAM to me for sure. It all comes down to communication, if you can't reach the person who contacted you at all... well let them go is what I would do, move on, don't waste time.
Best of luck, we are almost done getting rid of our timeshare Yay!!!!
Cheers,
Liz