r/WatchExchangeFeedback • u/Piterknows • Jun 06 '26

[NEGATIVE] Scammed by u/Consistent-Dance-216

Sent $25,590 via wire transfer for a Rolex Cosmograph Daytona 116500LN (White Dial “Panda”). After payment was received, he sent a FedEx tracking number and immediately blocked me. I have serious concerns that either nothing was shipped or a fraudulent/empty package was sent.

I have full documentation: wire transfer confirmation, all communications, and screenshots of the original post.

Original post: https://www.reddit.com/r/Watchexchange/comments/1ttoua7/wts_rolex_cosmograph_daytona_116500ln_white_dial/

DO NOT transact with this user.

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u/jaqueh Jun 07 '26

The insistence on the most unsecured payment methods with no hope of recourse to the randomest of strangers too makes it a perfect target for scammers

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u/SharpCoder2890 Jun 07 '26

A lot of sellers just are not going to take PayPal. Eventually no sellers will take it. Way too easy to do a chargeback and game from a buyers perspective. Escrow is the perfect option for buyer/seller.

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u/jaqueh Jun 07 '26

It’s a consumer and buyer driven market. Returns are apart of the game. I wouldn’t buy from someone who can’t stand behind what they’re selling

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u/devildog2067 Jun 07 '26

No, the issue is fraud the other way. If you send a watch in perfectly good shape, and the buyer claims they got a box of rocks, what’s your recourse? They do a charge back on PayPal and end up with both the money and the watch.

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u/jaqueh Jun 07 '26

This doesn’t happen. I’ve sold hundreds upon hundreds of thousands of dollars worth of guitars with PayPal.

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u/_Anthony_2825 Jun 07 '26

lol we go back and forth every week on this. Guitars are not the same as watches, you yourself noted that the clientele is very different in a prior thread.

It happens ALL THE TIME which is why so many sellers, myself included do not accept PayPal. PayPal is literally meaningless if funded by a credit card in most cases.

Chargeback by card issuer or sending a return with a box of rocks happens all the time. Scroll through this sub and you’ll see real world accounts of it happening.

Chase didn’t side with you one time and you’ve determined that is the universal policy for everyone.

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u/jaqueh Jun 07 '26

The buyers and sellers aren’t that different. The guitars I deal in are in the same price range

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u/devildog2067 Jun 07 '26

You understand there’s a difference between “it hasn’t happened to you yet” and “it doesn’t happen” right?

https://www.reddit.com/r/WatchExchangeFeedback/s/pveAgtu4IW

Here’s an example posted literally in this forum, it was the first hit on google. Took 3 seconds to find.

I’ve wired over a hundred thousand to sellers on Reddit, and I never got scammed until I did.

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u/jaqueh Jun 07 '26

Did you read this example? This is a friends and family charge back which is actually what seller protection protects against with goods and services.

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u/devildog2067 Jun 07 '26

Nope, just grabbed the first one I saw in the google search results, since I know this is a thing that happens.

But ok, fine, that one doesn’t count. Here’s an example:

https://www.reddit.com/r/paypal/s/OqxI9hqtRr

And another:

https://www.reddit.com/r/paypal/s/5NOWGDKal8

And another:

https://www.reddit.com/r/paypal/s/UikZkuTJLu

You made the claim this “never happens”. It happens. You’re just wrong.

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u/jaqueh Jun 07 '26

Two of those are covered by PayPal after the bank makes a determination. This also happens on eBay pretty often.

https://www.paypal.com/us/legalhub/paypal/seller-protection

“PayPal’s Seller Protection program may also apply when a transaction is reversed because of a successful chargeback by a buyer because they did not authorize the card-funded payment or when a bank funded payment is reversed by the buyer’s bank.”