Scam with Zelle?

[New Mexico Brant]

I have heard to scams with people requesting you pay with Zelle but the item never arrives. Or scammers fish for your account info and password and drain your account. Yesterday I had someone want to buy a $2,500 saddle; they were going to pay with Zelle. The immediate red flag was that they wanted it overnighted and were offering an additional $200 ($2,700 total) for the overnight shipping. Once you receive a Zelle payment can it be withdrawn? Anyone else encounter a similar situation with this payment method?

 

[rustystone2112]

I use Zelle all the time never had any negative issues

 

[catfish]

 

[Ricker]

I haven't used it much but I do know that there is a few days of "float" when it comes from certain types of accounts- I don't remember which was which but a savings account transfer will be different than a checking account transfer. One of the transfers is instant and the other takes a few days. I wonder if there is the stolen credit card zelle transfer also, which would be similar to any stolen credit card, where the seller is out and the victim of the stolen card does not need to pay.

Just my thoughts- quite possibly wrong. I will only use it with someone I trust.

 

[catfish]

 

[Freqman1]

Brant I’ve never dealt with Zelle but I go with my gut. V/r Shawn

 

[Junkman Bob]

Easy Solution !!!! Use Cash … Easy and simple

 

[WetDogGraphix]

Here you go...

The Risks Associated with Using Zelle Payment Service & How to Avoid Being a Victim | Alexander's Blog

People have been using PayPal and other services for quite some time to send money to not just friends and family members, but also to purchase products online. The service, however, is not free. PayPal charges a fee for its service, which is a set percentage of the amount that's transferred...

www.zubairalexander.com

 

[Junkman Bob]

I don’t know much about it tho ….

 

[dogdart]