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flippa - get money back after scam?

Discussion in 'Site Flipping' started by wezzy, Mar 16, 2012.

  1. wezzy

    wezzy Junior Member

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    Hi all!

    I'm new to site flipping but I'm pretty interested in it. I was browsing through the listings and saw some interesting deals but I'm not stupid either.. The chance of getting scammed is pretty high so I wanna know what to expect in the worst case scenario. Let's say I buy a website for 2k which claims to make 200 a day with adsense or whatever monetizing. After the purchase the traffic turns out to be fake and I have 0 adsense revenue. Can I ask the money back or something similar? I know that if you buy with paypal you can open a dispute but most of them are using escrow.
     
  2. steelballs

    steelballs BANNED BANNED

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    Escrow Online Buyer Protection
    https://www.escrow.com/solutions/escrow/process.asp

    Read the Info!
     
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  3. scorpion896

    scorpion896 Senior Member

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    Always pay/buy through Escrow he;s right
     
  4. kvmcable

    kvmcable Supreme Member

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    With PayPal dispute you'll be screwed for websites. Use escrow like everyone else said. PayPal will not protect anymore for website purchases.
     
  5. wezzy

    wezzy Junior Member

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    Thanks for the replies.. Makes sense now why so little sellers are using esrow, tells you right away which one are possible scams
     
  6. bryanon

    bryanon Executive VIP Premium Member

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    So you're looking to pay $2k for a site that makes $6k/pm (30x$200)? With this kind of expectations, you're bound to land ONLY at scam listings, as nobody in their right mind would agree to a deal even remotely similar to this. Most likely, though, even scammers will laugh at you :)

    But back on the topic, even though there may be a slight chance of getting your money back if you do turn out to be scammed (with emphasis on the word *slight*), it's always good to do full due diligence before putting in a bid. Basically, it's your responsibility as a seller to make 100% sure that the site is legit, that you know how to operate it and that you're fully comfortable with it before bidding, let alone signing the purchase agreement.

    I've made a few posts over here on Due Diligence, feel free to look them up.
     
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  7. wezzy

    wezzy Junior Member

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    Yeah I meant 200 a month. Sorry about that. But thanks for the tips on due diligence :)
     
  8. PrimeOne

    PrimeOne Jr. VIP Jr. VIP Premium Member

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    Escrow is not available for some countries. any other alternatives to Escrow that support all countries?
     
  9. bryanon

    bryanon Executive VIP Premium Member

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    There are no great alternatives for small (<$100k) transactions. One that you might want to look into, though, is Sedo.com's Escrow service. It's a little bit pricey and only covers the domain name (so as a buyer you have no real guarantees that you will receive anything other than just the domain), but is certainly a feasible alternative in some situations.
     
  10. poweronics

    poweronics Jr. VIP Jr. VIP Premium Member

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    I don't think that there is any other option available in those countries.
     
  11. PhillipsPierce

    PhillipsPierce Junior Member

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    Always use escrow, unless it's not offered in your country.
     
  12. abbesnetwork

    abbesnetwork Regular Member

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    Use escrow and request from a the seller a team viewer session to check the traffic sources, revenue and so on

    Thanks
     
  13. Young Gun

    Young Gun Newbie

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    If it sounds too good to be true -- then it is! I saw a listing on Flippa recently for $2,000 BIN and it made $1700 passive income per month... not to mention the account was "NEW" and the seller had recently logged in from an anonymous proxy. Seems legit, right? :D
     
  14. jakeparker

    jakeparker BANNED BANNED

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    I would ask to see the web site traffic and revenue over teamviewer or a video screen share of it. This will help provide some proof towards if it's real or not. I would also stay away from web sites that are new and claimed to of made $xxxx in just XX days. The traffic to these usually wear off pretty quick and then you sit with the web site wondering how to market it.

    If you are spending $2,000. Then I would look hard into which type of web site it is that you are wanting to own, due your due diligence on the web site and seller of who you are looking to purchase from, positive feedback is a plus, and best of luck to finding your purchase!