Hi!
This question has been has been bothering me for a while...
Say we buy something from a forum member on rci and he asks us to deposit the money in his bank account.
But  after u transfer the seller turns out to be a fraud.
WHAT ARE THE STEPS THAT SOMEONE CAN POSSIBLY TAKE TO GET HIS  MONEY BACK?

any help is highly appreciated  
Regards
Soham Arora

great question mate, I have been wondering the same thing for a while now

Quote from: arorasoham9 on March 21, 2017, 11:51:54 PM
Hi!
This question has been has been bothering me for a while...
Say we buy something from a forum member on rci and he asks us to deposit the money in his bank account.
But  after u transfer the seller turns out to be a fraud.
WHAT ARE THE STEPS THAT SOMEONE CAN POSSIBLY TAKE TO GET HIS  MONEY BACK?

any help is highly appreciated  
Regards
Soham Arora

Have been wondering the same thing for quite some time.
The senior members suggest to look at the seller's trader feedback before buying anything and also to leave feedback after each deal.
But what when there's a relatively new member/ one without many posts who doesn't have any feedback

Do we not buy anything from such a person even if it's a good deal?

I've bought loads of stuff from RCI members and also sold loads of stuff to RCI members and never had any problems. But, there have been some incidents of fraud here.

Maybe we can assign some middle-men (active admins or moderators) who can hold the money till the buyer receives the stuff.

I found a thread where a person purchased a 28k radio and received an envelope with a blank sheet in it.....somehow he was able to get his money back.

What had actually happened is the buyer had sent a fake payment confirmation by editing a screenshot.
Hence, tit for tat.

I knew the buyer personally ...he said he  transfered the full amount.
There must be some way to do a 'reverse  transaction' or something....

 1)There must be RCI bank account so that buyer will deposit the required money in account.
2)Seller must post the photo of address provided by buyer and photo of package which is getting delivered.
3)when seller get the message of delivery by ensuring tracking id. He must post it.
4)When buyer receive the product and ensure the items conditions  as stated by seller, then money will be deposited to account by paytm or any else method.

Paypal is the best way for settling transactions ...the buyer dosen't get the money for 2 months i guess and i kept by paypal...moreover if the seller turns out to be a fraud the buyer can get the money back without much headache
I AM STILL UNSURE ABOUT THIS ....CORRECT ME IF I AM WRONG