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PostPosted: Tue Jun 13, 2017 5:51 pm 
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Joined: Mon Mar 24, 2014 1:09 pm
Posts: 50
Location: Montreal, QC, CA
EMT is the way to go; once deposited, funds are yours unlike paypal scams and others around.

With that said, I quote posters refering to good comm or calls but I personaly always base my jugement on feedback and so far all went well, even with high $$ figures involved.

Helped out 2 new commers with 0 feedback with EMT and those experiences turned out very conclusive.

Seriously, if you cannot make it cash and carry, EMT is your only safe option.

My 2 cents only; cheers


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PostPosted: Tue Jun 13, 2017 5:58 pm 
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Joined: Sun May 28, 2017 1:25 pm
Posts: 18
Location: Toronto, ON, CA
EMT is great for sellers. Not so great for buyers.I have seen so many problems with EMT's on this site that I would be very wary using it.


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PostPosted: Tue Jun 13, 2017 6:22 pm 
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Joined: Wed Mar 21, 2007 4:09 pm
Posts: 491
Location: Toronto, ON, CA
I have had several EMTs, no real problems. Tangerine EMTs do take a few days to show up.


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PostPosted: Tue Jun 13, 2017 11:23 pm 
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Joined: Fri Jan 06, 2017 11:37 pm
Posts: 15
Location: Victoria, BC, CA
OBI56 wrote:
We have local Credit Unions too, and only god knows how long they make you wait until a $20 cheque clears .... We also have a few International banks like HBSC, BNP Paribas, Bofa, Citco, Citibank, AMEX Bank of Canada, JP Morgan Bank, UBS, Tangerine ................. and none of those participate in EMT or E-Mail transfers with the 5 major banks to my knowledge.

For what it's worth, I recently sent an EMT from my CIBC account to a friend's Credit Union account with no problem. (This despite the fact that CIBC says on their website that it will only work between the big 5.)


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PostPosted: Wed Jun 14, 2017 2:32 am 
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Joined: Sun Dec 28, 2008 7:49 am
Posts: 1550
Location: Fairport Beach (in Pickering), ON, CA
Sgt Pepper wrote:
EMT is great for sellers. Not so great for buyers.I have seen so many problems with EMT's on this site that I would be very wary using it.


Just curious, were the problems with the EMT or with the sale/purchase?

As previously mentioned, as a buyer base your decision on feedback. Trust is something that's earned.

_________________
Tom

Collecting vintage tube Pilot (Pilotone) HiFi gear.


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PostPosted: Wed Jun 14, 2017 2:40 am 
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Joined: Mon Jan 31, 2005 8:37 am
Posts: 433
Location: Quebec, QC, CA
About the EMT:

The mechanics of EMT is pretty safe and easy in itself, and any bugs can be fixed with a quick phone call to your bank (which I had to do on two occasions as the link offered by the other party did not take me automatically to the transfer place within the banks website).

About the seller OR buyer whatever end you are at:

If he has no history I would do the following:

    Give him a call to get the overall "feel" or the person. If a fast-talker who is reluctant to give out information - forget this deal.
    Ask for any Audiogon or Ebay membership and feedback.
    Ask for both the workplace and home phone number and check the workplace out if legit.
    If you come to an agreement with a seller, ask him to post a "sold" notification and see if he does it

I know this sounds like too much but better safe than sorry...


Last edited by milag on Wed Jun 14, 2017 2:44 am, edited 2 times in total.

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PostPosted: Wed Jun 14, 2017 2:42 am 
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Joined: Tue Jan 25, 2005 5:37 pm
Posts: 2306
Location: Toronto, ON, CA
As a seller accepting an EMT transfer, no problem. Confirm the money is in your account. Once in your account, the buyer can not cancel the payment like with Paypal. As a buyer it should not even be an option. Think of sending your money into the abyss and never seeing it again- same thing. In most cases, maybe not but rolling the dice is not what you want to do. Good old cash and carry is the way to go.

Going by feedback only is tricky. How many positive feedbacks is considered acceptable? How frequent were the sales? A regular means a buyer/seller- flipper which is ok since they would care about their feedback. The scammer doesn't and just creates a new profile and starts over anyway. In fact, I would rather buy from someone who is obviously buying selling with some regularity instead of a very occasional seller with minimal feedback. The only caveat to that is the price would be marginally higher than the true private seller would be asking. Also, try to avoid DIY people. Someone who fixes an electronic component- "had caps replaced", etc. Who replaced them? Was it a legit technician because if it was, the seller would have a receipt. Make sure the receipt is legit- call the tech and ask about the work done especially if it's a high ticket item. I only buy all original equipment when I buy audio, which is extremely rare since I have an audio system with various components that I enjoy and am not seeking better.


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PostPosted: Wed Jun 14, 2017 3:26 am 
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Joined: Wed Aug 08, 2012 4:17 pm
Posts: 2169
Location: Winnipeg, MB, CA
aleknevicus wrote:
OBI56 wrote:
We have local Credit Unions too, and only god knows how long they make you wait until a $20 cheque clears .... We also have a few International banks like HBSC, BNP Paribas, Bofa, Citco, Citibank, AMEX Bank of Canada, JP Morgan Bank, UBS, Tangerine ................. and none of those participate in EMT or E-Mail transfers with the 5 major banks to my knowledge.

For what it's worth, I recently sent an EMT from my CIBC account to a friend's Credit Union account with no problem. (This despite the fact that CIBC says on their website that it will only work between the big 5.)

In sending an etransfer you send the funds to a recipient via email, text etc. It is then accepted by the recipient into whatever institution they have set up to do so. What I have had occur though is that the CIBC have refused to send funds to an email account, citing high fraud instances among the email provider. I then send it to my credit union account and send it from there.


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PostPosted: Wed Jun 14, 2017 4:37 am 
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Joined: Mon Jun 24, 2013 11:21 am
Posts: 263
Location: montreal, QC, CA
EMT is a link you follow from your email and you accept the cash using the password you both agreed on.

Once the deposit is done verified by seeing it in your bank account you are safe and can never have it removed.

Period


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