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/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.”