Are the Scalpers loosing money?

Discussion in 'iPhone' started by gdourado, Sep 27, 2013.

  1. gdourado macrumors 6502

    gdourado

    Joined:
    Apr 22, 2010
    #1
    Hello,
    Just wanted to share something about the scalping...
    Been watching ebay and saw a couple of fishy auctions.
    Check this for example:
    http://www.ebay.co.uk/itm/1111765516...84.m1497.l2649

    A 64gb 5s ended for £770.
    Ebay charges 10% comission. The payment is with paypal. Paypal charges fees.
    The seller says the iPhone was purchased at an Apple store, so £709 price tag.
    Is this scalper loosing money? Does it make sense?
    Or will he just ship an empty box for £770?
    Just got me thinking...

    Cheers!
     
  2. s54 macrumors regular

    Joined:
    Sep 25, 2012
    #2
    They are definitely 100% NOT "loosing" money. I guarantee it.
     
  3. gdourado thread starter macrumors 6502

    gdourado

    Joined:
    Apr 22, 2010
    #3
    So, are auctions like this a scam?
     
  4. mattroman246 macrumors 6502

    mattroman246

    Joined:
    Mar 19, 2009
    Location:
    Upstate NY
    #4
    Doubt it, do they ever? Launch day this dude bought like 5 of them
     
  5. Mercenary macrumors 6502a

    Joined:
    Sep 17, 2012
    #5
    Your link has been shortened so we cant see. Chances are they ended it early due to getting a buy offer. For the grey, I can see them probably just breaking even now as store stock is more plentiful (and the only people willing to pay over the odds are the hardcore apple fans, the type who would get up early to queue).

    I was in MK today and noticed 3 stereotypical scalpers leaving, all loaded up with phones which they shoved into a bag with more phones.
     
  6. billycuth macrumors 6502a

    Joined:
    Jul 31, 2010
  7. gdourado thread starter macrumors 6502

    gdourado

    Joined:
    Apr 22, 2010
    #7
    Sorry about that.
    Here it is:
    http://www.ebay.co.uk/itm/111176551677?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1497.l2649

    Cheers!
     
  8. Mercenary macrumors 6502a

    Joined:
    Sep 17, 2012
    #8
    Looks like it didnt end early.

    By my calculations, after all ebay and paypal fees he is making a £40 loss.

    Plus hes priced postage at £4.10 which wont cover special delivery. Actually that doesnt cover 1st class recorded (we send a lot of boxes around that size, not phones BTW). So hes lost out on postage assuming he doesnt cheap out and send it without confirmation.
     
  9. gdourado thread starter macrumors 6502

    gdourado

    Joined:
    Apr 22, 2010
    #9
    So, by your math, there is definitely something fishy with that auction...
    My guess is he will just ship the empty box, withdraw the funds and close his paypal account.
    Hope the buyer can get is money back though...

    Cheers!
     
  10. JoeG4 macrumors 68030

    JoeG4

    Joined:
    Jan 11, 2002
    Location:
    Bay Area, Ca.
    #10
    Yeah I'm leaning towards a loss too, without doing the calculations; A new 16gb phone costs $700 with tax in most places, so you'd have to sell it for at least $800-850 to clear the ebay/paypal fees. In fact, according to this:
    http://www.newlifeauctions.com/calc.html

    At $800 fixed (buy it now), you'd get $696 after fees. :(
     
  11. Raibyn macrumors regular

    Joined:
    Sep 24, 2013
    Location:
    South Carolina
    #11
    Keep in mind some people might get upgrade or new line pricing then sell the iPhone. Not all of the iPhones on eBay for resale were purchased at full retail price.
     
  12. Mercenary macrumors 6502a

    Joined:
    Sep 17, 2012
    #12
    Nothing fishy. He just didnt get the insane bids he was hoping for :D Keep an eye on the seller. I'm guessing he will re-list.

    ----------

    "I have an IPHONE 5S 64GB White Factory Unlocked bought it from Apple Store Leeds."

    So he did pay full price
     
  13. playaproved macrumors 6502

    Joined:
    Sep 29, 2005
    #13
    He'll probably cancel the transaction and try to sell it again, worse comes to worse he can just return it. He definitely won't lose any money.
     
  14. SHAL0MINTHEH0ME macrumors newbie

    Joined:
    Feb 25, 2013
  15. Raibyn macrumors regular

    Joined:
    Sep 24, 2013
    Location:
    South Carolina
    #15
    Not saying he didn't, just saying you can't assume every phone for sale on eBay was purchased at full retail and therefore you can't assume the seller's profit/loss.
     
  16. OneMike macrumors 601

    OneMike

    Joined:
    Oct 19, 2005
    #16
    That particular auction doesn't seem right. In general though they don't lose money. Could just return the device for full refund rather then lose out at this point.
     
  17. alphaod macrumors Core

    alphaod

    Joined:
    Feb 9, 2008
    Location:
    NYC
    #17
    The scalpers in China certainly aren't at a loss.

    The gold iPhone 5s is sold (and sells) at about twice as retail (which is already like 30% more than the US).
     
  18. Carlanga macrumors 604

    Carlanga

    Joined:
    Nov 5, 2009
    #18
    Well the answer here is simple. He will say to eBay he doesn't have the item anymore due to stock, etc. Eat whatever fees and just return the item to the apple store or try to resell it again. Buyer gets nothing.
     
  19. tobefirst macrumors 68040

    tobefirst

    Joined:
    Jan 24, 2005
    Location:
    St. Louis, MO
    #19
    No, the scalpers are not "setting free or releasing" money. :)
     
  20. Mercenary macrumors 6502a

    Joined:
    Sep 17, 2012
    #21
    But it says he did buy it from an apple store and it's unlocked. As per my quote from his auction
     
  21. Peter K. macrumors 6502a

    Peter K.

    Joined:
    Nov 6, 2012
    Location:
    SoCal
    #22
    Indeed, I wish that all scalpers would both loose and LOSE money.
     
  22. gentlefury macrumors 68030

    Joined:
    Jul 21, 2011
    Location:
    Los Angeles, CA
    #23
    Not a loss if the seller bought them with an AT&T next plan and a fake ID!
     
  23. CEmajr macrumors 601

    Joined:
    Dec 18, 2012
    Location:
    Charlotte, NC
    #24
    All you have to do is put the phone up for Buy it Now. If it doesn't sell for what you want, just return it to Apple for a full refund. Auctions are too risky.
     
  24. Kiretas macrumors regular

    Joined:
    Sep 25, 2013
    Location:
    London
    #25
    The OP had this in the UK thread, so to clarify its a UK phone that will have been bought without a contract, basically its as is and unlocked.
     

Share This Page