SCAM: Never buy "hosting customers" on eBay
Some people are making huge money on eBay by screewing other... people. Some auctions with 100 "garanted" customers ended at $3'000 or more!
Here is the sheme as I find it out:
--------------------------------------------
1 - the scamers open an account on eBay
2 - they buy some 99 cents ebooks to get some + feedback
3 - they launch autions at 1 cent starting price selling 10 websites per auction. The fine print of each auction indicates that the hosting is free for the first couple of months then it continues for $7.95 per month per website.
4 - they sell at least 100 websites for a total of 10 cents
5 - they launch the final auction: 100 garanted customers, make $795 a month on your reseller account!
6 - you won the auction for 3000 bucks then try to collect the money :angry:
Re: SCAM: Never buy "hosting customers" on eBay
Quote:
Originally posted by edelweisshosting
Some people are making huge money on eBay by screewing other... people. Some auctions with 100 "garanted" customers ended at $3'000 or more!
Here is the sheme as I find it out:
--------------------------------------------
1 - the scamers open an account on eBay
2 - they buy some 99 cents ebooks to get some + feedback
3 - they launch autions at 1 cent starting price selling 10 websites per auction. The fine print of each auction indicates that the hosting is free for the first couple of months then it continues for $7.95 per month per website.
4 - they sell at least 100 websites for a total of 10 cents
5 - they launch the final auction: 100 garanted customers, make $795 a month on your reseller account!
6 - you won the auction for 3000 bucks then try to collect the money :angry:
That's how it works! I was wondering how they were doing it, that makes sense. I knew they were scams, just wasn't sure how it worked.
Re: SCAM: Never buy "hosting customers" on eBay
Quote:
Originally posted by edelweisshosting
Here is the sheme as I find it out:
--------------------------------------------
1 - the scamers open an account on eBay
2 - they buy some 99 cents ebooks to get some + feedback
3 - they launch autions at 1 cent starting price selling 10 websites per auction. The fine print of each auction indicates that the hosting is free for the first couple of months then it continues for $7.95 per month per website.
4 - they sell at least 100 websites for a total of 10 cents
5 - they launch the final auction: 100 garanted customers, make $795 a month on your reseller account!
6 - you won the auction for 3000 bucks then try to collect the money :angry: [/B]
This may be an unethical sale, but I don't quite see the scam here? Maybe it's just me or how I'm looking at it (been a long day), but to me it's no different than when any host sells out to another. It's always a sale based on the selling host's current customer's "promises" to pay for next month's hosting.
And normally with a sell-out like this there's some loss of clients in the first month or so. People who for whatever reasons decide not to move/stay with the new host.
As I'm seeing it, at the time of the sale this ebay seller has X number of customers who have agreed (via their purchases of his $0.01 website auctions with hosting) to purchase hosting from him/her at a rate of $7.95 per month. While not exactly ethical, it's not like the seller is claiming client's who don't exist.
I wouldn't do business like this, nor deal with anyone else who did business like this, but I think calling it a "scam" may be overkill.
Scott
Re: Re: SCAM: Never buy "hosting customers" on eBay
Quote:
Originally posted by ScottBannon
This may be an unethical sale, but I don't quite see the scam here? Maybe it's just me or how I'm looking at it (been a long day), but to me it's no different than when any host sells out to another. It's always a sale based on the selling host's current customer's "promises" to pay for next month's hosting.
And normally with a sell-out like this there's some loss of clients in the first month or so. People who for whatever reasons decide not to move/stay with the new host.
As I'm seeing it, at the time of the sale this ebay seller has X number of customers who have agreed (via their purchases of his $0.01 website auctions with hosting) to purchase hosting from him/her at a rate of $7.95 per month. While not exactly ethical, it's not like the seller is claiming client's who don't exist.
I wouldn't do business like this, nor deal with anyone else who did business like this, but I think calling it a "scam" may be overkill.
Scott
excatly. unless we have better laws otherwise this type of listing on ebay will be there and we all know ebay make money from scammer's listing and sales not from regular joe visiting the site.